(Reuters) – World stocks inched up and U.S. bond yields steadied after almost three weeks of gains on Tuesday with Federal Reserve policy setters expected to end six years of aggressive monetary stimulus.
link later with markets betting on an announcement that it will stop its post-financial crisis high-intensity asset buying and reinforce that a softly-softly approach will be taken to raising rates.
China’s manufacturing output grew at its fastest pace in more than two years in July, pointing that China’s economy may be stabilizing.
The figures for July were promising. According to the National Bureau of Statistics; the official Purchasing Managers Index (PMI), which measures activity in bigger factories and is a key to measure sector’s health rose to 51.7 in July from 51 in June. The rise in figures meant an increase in the expansion.
The improvement and growth in the manufacturing sector is a direct result of a series of steps taken by China in the...
After the end of the budget consultation on 11th June, the Treasury issued its response on the 21st July on pension shake-up, explaining pension changes, which offer a greater deal of freedom for both pension holders and providers.
These pension changes are generally all positive and the biggest for more than 100 years. Some of the changes are discussed here.
In order to ensure that all defined contribution schemes are able to offer greater flexibility to their members a permissive statutory override shall be introduced. The benefit of permissive...
Excerpt: link on Friday, in a move hailed as a sign of progress by economists despite 9 million people remaining out of work.
The Bureau of Labor Statistics (BLS) said that the unemployment rate fell to 5.8%, as employers added 214,000 jobs in October. The average monthly gain in the past year was 222,000. The industries that added the most jobs were “food services and drinking places, retail trade, and health care” the BLS said.
(Reuters) – The U.S. dollar powered to seven-year peaks against the yen on Monday and a two-year high on the euro, a punishing trend for commodities priced in dollars as gold, silver and oil all fell.
Disappointing surveys out of China’s manufacturing and services sectors highlighted the relative health of the U.S. economy, and piled pressure on other countries to ease monetary policy yet further. ...
Active investors believe that markets are “inefficient”. They believe that, at any point in time, there are always some securities that are mis-priced, enabling them to buy or sell link. Professional link devote unbelievable amounts of time and resource towards trying to find that extra edge. They will then trade in and out of those securities to try and generate profits above the benchmark....
Mario Draghi, the head of ECB calls for more unconventional and growth friendly policies to end eurozone crisis. Within the Eurozone, it has been a long-time since the living standards were at peak.
For instance, the living standards were last at their peak in 1997 in Italy, 2000 in Cyprus and Portugal, 2001 in Greece, 2003 in Spain and Ireland and 2006 in France. Out of all the eurozone countries bailed out since link...