BOJ announces minor adjustments as yen rises; big U.S. utilities merger announced; Statoil acquires Petrobas field; Merck beats earnings estimates; Oracle to buy NetSuite.
Rumors spark selloff for Chinese stocks as yen sinks on stimulus chatter; Statoil announces more cutbacks; tech buoyed by Apple earnings and chip merger.
By taking a look at respective markets’ purchasing power parity and yields on government bonds, investors can help deduct a given currency’s real value.