What Will Central Banks Do Next Week?
By taking policy rates to close to 0 percent and pushing deposit rates below zero, the move by Denmark may have opened the window for the ECB to take action at their meeting next week.
Dr. Doom 2013 Prediction: Roubini Says Worse Global Economic Turmoil Approaching; Five Factors To Blame
For the last three years, the consensus has been that a robust and self-sustaining recovery for the U.S. economy is on the cards, but economist Nouriel Roubini, dubbed Dr. Doom, thinks that it's not likely to happen, rather he expects below trend growth for many years to come.
US Q2 GDP, Durable Goods, Pending Home Sales: Economic Events For July 23-27
In a fairly light week of data, Friday's first take on the U.S. second-quarter gross domestic product will be the main event. Economists expect a feeble reading of 1.4 percent. This will be the final major data point to influence participants at the July 31 - Aug.1 meeting of the policy-setting Federal Open Market Committee.
Weekly Roundup: Asian Markets Mixed Amid Global Growth Concerns
Asian markets were mixed this week as investors continued to have concerns about the faltering global economy and the mounting debt crisis in the euro zone.
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Why Is Gold Safe To Invest In Despite Market Pressures?
Gold continues to fare better than other asset classes in spite of a downward pressure on prices.
Geithner Media Tour Unlikely To Silence LIBOR Critics
U.S. Treasury Secretary Timothy Geithner appeared on a CNBC-sponsored conference Wednesday morning toeing the government's party that the New York Fed is not to blame for helping keep the evolving LIBOR rate-fixing scandal under wraps, even though they knew it was going on since at least 2007.
Strong Corporate Earnings Lift US Stock Futures
U.S. stock index futures point to a higher opening Thursday as corporate earnings reported for the second quarter exceeded expectations, indicating that business conditions are on the path of revival.
Asian Stocks Rise On Upbeat US Earnings Reports
Asian markets rose Thursday as investors were encouraged by healthy earnings reports from the U.S. companies which alleviated concerns of faltering business conditions.
Asian Shares Up On U.S. Earnings; Euro Steadies
Asian shares rose Thursday as strong corporate profits from U.S. bellwethers allayed fears of a slowdown in earnings while the euro steadied after being hit by reported comments from German Chancellor Angela Merkel that rekindled fears about the euro zone debt crisis.
Fed Beige Book Sees More Reports Of Slower Growth
The Federal Reserve said Wednesday that the U.S. economic activity increased at a modest to moderate pace in June and early July as more districts are reporting slowing growth.
Homeownership: (Millennials) Downsizing The American Dream
The recession and housing crash have triggered a sharp decline in the share of American households who own their own home. Homeownership, which is at its lowest point in 15 years, is bound to fall even further, driven by tight credit, lackluster economic growth and more foreclosures.
Democrats Seek To Let All Tax Cuts Expire, Putting Republicans On the Spot
Seeking to avoid another extension of Bush-era tax cuts for the nation's top earners, Senate Democrats unveiled a plan to let tax breaks expire for all Americans and then implement a separate tax cut for middle-class Americans.
Lack Of Stimulus Signal From Fed Drags Down US Stock Futures
U.S. stock index futures point to lower opening Wednesday as investors were disheartened after the Federal Reserve gave no indication of stimulus measures to boost the economic growth.
European Markets Rise But Fed Stimulus Uncertainty Persists
Most European markets rose Wednesday but investors remained cautious as there were no strong hints that the U.S. Federal Reserve will announce more stimulus measures to boost the economic growth.
Asian Stocks Fall On Bernanke’s Congressional Testimony
Asian markets fell Wednesday as investors were disappointed to note that the U.S. Federal Reserve Chairman Ben Bernanke did not offer any hint of monetary easing measures to rejuvenate the faltering economic growth.
US Stocks Surrender Early Gains As Bernanke Offers Gloomy Economic Outlook Without Clear Promise Of QE3
U.S. stocks gave back early gains and turned negative after Federal Reserve Chairman Ben Bernanke set out a downbeat view of the economy to Congress without promising imminent easing measures.
US Industrial Production Up 0.4% In June
Industrial Production in the U.S. increased a seasonally adjusted 0.4 percent in June after a 0.2 percent dip in May, the Federal Reserve said Tuesday, led by gains among automobile and machinery makers that suggests some resilience in the manufacturing sector.
Fed Ready To Do More To Increase Job Growth: Bernanke
The head of the world's most powerful central bank said it stands ready to offer additional monetary support to a U.S. economy that has slowed significantly in recent months, U.S. Federal Reserve Chairman Ben Bernanke told lawmakers on Tuesday.
Gold Price Forecasts Are Getting Trimmed
Gold experts have further cut back price forecasts for the metal this year after a sluggish first half, a quarterly Reuters poll showed on Monday, while gains in the dollar and a dearth of physical demand are likely to clip any attempted return to last September's record high for the rest of the year.
Gold Prices Climb Towards $1,600 As Euro Firms
Gold prices rose towards $1,600 an ounce on Tuesday in line with the firmer euro as investors awaited a statement from Federal Reserve chair Ben Bernanke later, after soft U.S. data fuelled talk he may hint at fresh measures to stimulate the economy.
Searching For Yield In A Zero-Rate Environment
High nominal and real interest rates can be found in the Latin American short-term fixed income markets
Copper Is 'Slightly Overvalued': Barclays
Copper prices have outperformed the overall metals market as traders have closed short selling in expectation of government intervention to boost growth, but the metal may still be slightly overvalued, according to a Monday report by Barclays.
Expectations For New Fed Stimulus Measures Spur US Stock Futures
U.S. stock index futures point to a higher open Tuesday as investor sentiment turned positive on expectations for new U.S. Federal Reserve stimulus measures.
Asian Stocks Advance Before Bernanke's Testimony
Asian stock markets advanced Tuesday as investor await Federal Reserve Chairman Ben Bernanke's semi-annual testimony before Congress for hints about further easing.
Crude Oil Futures Edge Higher Ahead Of Bernanke
Crude oil prices slightly advanced Tuesday as investors awaited testimony from Federal Reserve Chairman Ben Bernanke for hints about further easing.
European Markets Rise Amid U.S. Fed Stimulus Measure Hopes
Most European markets rose Tuesday as investors continued to have hopes that the U.S. Federal reserve will announce more stimulus measures to boost the economic growth.
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