Ticker	Volume	Price	Price Delta
DJIA	15,387.60	+52.30	0.34%
S&P 500	1,669.16	+2.87	0.17%
Nasdaq	3,502.12	+5.69	0.16%

Ticker

Volume

Price

Price Delta

DJIA

15,387.60

+52.30

0.34%

S&P 500

1,669.16

+2.87

0.17%

Nasdaq

3,502.12

+5.69

0.16%

Ticker	Volume	Price	Price Delta
STOXX 50	2,822.17	+0.52	0.02%
FTSE 100	6,790.18	-13.69	-0.20%
DAX	8,458.23	-13.97	-0.16%

Ticker

Volume

Price

Price Delta

STOXX 50

2,822.17

+0.52

0.02%

FTSE 100

6,790.18

-13.69

-0.20%

DAX

8,458.23

-13.97

-0.16%

Ticker	Volume	Price	Price Delta
Nikkei	15,627.30	+246.24	1.60%
Hang Seng	23,264.70	-101.71	-0.44%
S&P/ASX 200	5,165.37	-14.69	-0.28%

Ticker

Volume

Price

Price Delta

Nikkei

15,627.30

+246.24

1.60%

Hang Seng

23,264.70

-101.71

-0.44%

S&P/ASX 200

5,165.37

-14.69

-0.28%

Mizuho’s Shen Says Yuan Band Widening Means De-Peg From Dollar

By Bloomberg News - 2012-04-14T06:36:36Z

Shen Jianguang, chief Asia economist for Mizuho Securities Asia Ltd. in Hong Kong, comments on the widening of the yuan’s trading band by the People’s Bank of China.

“A step forward to a real floating exchange rate of the RMB, a de-peg from the dollar, indicating that the authority is more confident that the current RMB exchange rate is close to the equilibrium, and it is the right timing to push RMB internationalization.

‘‘Other recent moves, such as an increase in the QFII quota, the establishment of a global RMB settlement center, the discussion on interest rate liberalization, etc, all point to an acceleration in RMB convertibility.’’

To contact the Bloomberg News staff on this story: Zheng Lifei in Beijing at lzheng32@bloomberg.net

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net

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