The Traderszone Network

Bank of Japan press conference still in full flow 28 April
– BOJ did not debate applying negative rates to lending facilities at today’s meeting
– if needed, can take rates further into negative territory
Markets still not buying Kuroda’s hot air.

BOJ governor Kuroda still delivering his press conference 28 April
– delay in price target partly reflects smaller than expected wage gains
– BOJ remains strongly committed to achieving price target, target can be achieved
Markets calling his bluff still as yen pairs continue to tumble.

French pharmaceuticals group Sanofi said it had made an all-cash offer to buy U.S. biotech firm Medivation in a deal worth about $9.3 billion.

WPP posted first quarter earnings on Thursday of 3 billion GDP, up 10.6 percent ($4.7 billion). Like-for-like sales was up 5.1 percent.

BOJ governor Kuroda steps up for his press conference 28 April
– weakness in output, exports due to developing nations
– Japanese corp sentiment seen at favourable level
It’s pass-the-buck time again for BOJ and other central banks

The president of the ECB has hit back at his German critics, saying that criticism of the bank could ultimately damage the euro zone’s economy.