U.S. Shares Shake Off Global Rout
By Chris Dieterich in New York, Daniel Inman in Hong Kong and Charles Forelle in London
The Wall Street Journal Europe
24 May 2013
Stocks in the U.S. shook off a steep global selloff that began with a 7.3% plunge in Japan’s stock market. Markets around the world were jostled Thursday by a confluence of events that interrupted a monthslong rally in riskier assets. Thanks in large…read more…
Euro-zone Business Activity Falls Again in May
BY PAUL HANNON AND ILONA BILLINGTON —Nicole Lundeen in Vienna and Jeffrey Sparshott in Washington contributed to this article.
The Wall Street Journal Europe
24 May 2013
LONDON—Private-sector activity in the euro zone declined again in May, a development that is likely to add to calls for further action by the European Central Bank and governments to boost growth. According to a survey of purchasing managers, business…read more…
Home Prices Hit Record As Builders Cap Supply
BY ROBBIEWHELAN
The Wall Street Journal Europe
24 May 2013
Home buyers are paying more for newly built homes than they ever have, as U. S. home builders continue pushing up prices and limiting the number of properties hitting the market. The Commerce Department reported Thursday that the median price of a new…read more…
BOJ’S Untested Policy Shift Sends Yields Higher
BY TAKASHI NAKAMICHI
The Wall Street Journal Europe
24 May 2013
TOKYO— Less than two months after declaring that the Bank of Japan would push down bond yields to spur economic activity and beat deflation, Gov. Haruhiko Kuroda has found himself struggling with an unexpected rise instead, a reminder that the bank’s…read more…
China Signs Of Further Slowdown Cast Gloom
BY RICHARD SILK
The Wall Street Journal Europe
24 May 2013
BEIJING— New data suggesting contraction in Chinese manufacturing have cast further doubt about growth in the world’s No. 2 economy, hitting markets as investors worry about the implications for the global outlook. Asian markets slumped, led by a 7.3%…read more…
U.S. Car Makers Rev Up Output Plans
BY JEFF BENNETT AND CHRISTINA ROGERS
The Wall Street Journal Europe
24 May 2013
U.S. auto makers are accelerating production lines and, in some cases, even canceling the North American industry’s traditional summer factory shutdowns to meet strong demand. The plans highlight the Detroit Three auto maker’s recent market share…read more…
For China, Exports Of Rare Earths Rally
BY CHUIN-WEI YAP
The Wall Street Journal Europe
24 May 2013
BEIJING— China’s exports of rare-earth metals have rallied in recent months, a trend that analysts attribute to low rare- earth prices and demand from a buoyant Japanese economy. China’s near- complete control over the world’s supply of the 17 metals,…read more…
China Solar Firms Try to Avoid Tariffs
By Wayne Ma in Beijing and Matthew Dalton in Brussels —Liyan Qi in Beijing and Cassandra Sweet in San Francisco contributed to this article.
The Wall Street Journal Europe
24 May 2013
The industry’s outreach to European officials was rebuffed, they said, and it isn’t clear how supportive government officials in Beijing might be. But it underscores the impact of the tariffs European officials have proposed against Chinese…read more…
Wall Street Regulator Expands Its Oversight
BY JACOB BUNGE AND SCOTT PATTERSON
The Wall Street Journal Europe
24 May 2013
WASHINGTON—Wall Street’s self-regulator, in an effort to catch up with a boom in computer-driven trading, is extending its oversight to two stock exchanges catering to high- speed traders and taking a deeper look at “dark pools” that lure investors…read more…
Reality Bites in Japanese Stocks
— Abheek Bhattacharya
The Wall Street Journal Europe
24 May 2013
Thursday’s rout of Japanese stocks shows enthusiasm for Prime Minister Shinzo Abe’s economic plan is brittle. The Nikkei 225 index of major equities fell 7.3% on a raft of negative news. It was the biggest daily plunge since the Japanese earthquake,…read more…
