The News Review:

- Forex – Euro firms as markets mull interest rate outlook, pound slips…
- Forex – Yen firmer vs dollar in Tokyo early afternoon on stock market…
- Forex – Canadian dollar strengthens on employment gain
- Public Storage 1Q net income surges on disposal gain, forex, improved…

Forex – Euro firms as markets mull interest rate outlook, pound slips…
Forbes – May 9, 2008
The ECB Lending Survey indicated that the previously strong levels of lending to the household and corporate sectors are starting to fall. This is likely to add to fears that euro zone economic growth is set to slow noticeably in the coming years and could go someway to easing the ECB’s inflation concerns. ‘The ECB’s lending survey published today shows a further progression of the credit crunch,’ said UBS (nyse:.

Forex – Yen firmer vs dollar in Tokyo early afternoon on stock market…
Forbes – May 9, 2008
dollar in early afternoon trade in Tokyo on Friday as investors shifted their funds from sluggish stocks to higher-yielding currencies. ‘The yen tends to be picked up when stocks decline as investors’ risk tolerance decreases. So there is the continuing carry-trade move, although it is not as intensive as it used to be,’ said Mitsuru Sahara, senior manager at Bank of Tokyo-Mitsubishi (other-otc:.

Forex – Canadian dollar strengthens on employment gain
Forbes – May 9, 2008
Employment in Canada rose by 19,000 people, similar to the increase seen in March, and well above Thomson IFR Markets’ consensus forecast for a 5,000 gain. However, the unemployment rate nudged up to 6. 0 percent in March.

Public Storage 1Q net income surges on disposal gain, forex, improved…
Forbes – May 9, 2008
In a statement, the company said in the three months to March 31, net income came in at $512. 3 million compared to $59. 8 million the year before. Net operating income, before depreciation expense, for its self-storage operations totaled $267.