“House prices in the three months to September were 2.7% higher than in the preceding three months. This was the second successive decline in the quarterly rate. Annually, prices were 9.6% higher in the three months to September than in the same three months last year; similar to last month (9.7%)…
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Halifax HPI September 2014
Seventeen years after their first jobs summit European Union leaders are divided on how to create employment and a fifth of young people are still out of work. At a meeting in Milan today Italian Prime Minister Matteo Renzi plans to tout the new labor laws he’s pushing through. French President …
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Europe Sacrifices a Generation With 17-Year Unemployment Impasse
The Federal Reserve should keep interest rates near zero through at least the end of next year, a top U.S. central banker said on Tuesday, saying that inflation is simply too low to justify tighter monetary policy. Minneapolis Federal Reserve Bank President Narayana Kocherlakota, who has a vote …
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Fed’s Kocherlakota: ‘inappropriate’ to raise rates in 2015
Gold is valuable and extremely rare, and therefore the yellow metal is usually protected at all costs. However, there have been multiple occurrences in history where evildoers have breached security measures and bullion has fallen into the wrong hands. Below is also a video version of the infogra…
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The 15 Greatest Gold Heists Of All Time
The Swiss unemployment rate was unchanged in September from the previous month at a non-seasonally adjusted 3.0 percent, the State Secretariat for Economic Affairs said on Wednesday. When adjusted for seasonal factors, the unemployment rate stood at 3.2 percent, also unchanged from the prev…
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Swiss unadj. jobless rate unchanged at 3.0 pct in Sept
Japan’s service sector sentiment index was unchanged in September, staying below the 50-point threshold that separates pessimism from optimism for the second straight month, a Cabinet Office survey showed on Wednesday. The survey of workers such as taxi drivers, hotel workers and restaurant staff…
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Japan service sector sentiment unchanged in September: government survey
The last thing the faltering European economy would appear to need right now is a sudden downturn in Germany, hitherto the bloc’s pillar of strength. But a bout of German weakness may be precisely what is required to convince Angela Merkel to loosen the fiscal reins at home and provide Europe wi…
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Prolonged German downturn could prompt stimulus rethink
Japan’s economy has continued to recover moderately as a trend, although some weak ness particularly on the production side has been observed due mainly to the effects of the subsequent decline in demand following the front – loaded increase prior to the consumption tax hike. Oversea…
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Monthly Report of Recent Economic and Financial Developments October 2014
It’s a light day for major economic releases, which means that Spain’s update on industrial production for August will draw close scrutiny as a means of estimating recession risk in Europe in the wake of this week’s dark numbers out of Germany. Later, the Federal Reserve Bank will release the mi…
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3 Numbers: Hopes pinned on Spain, FOMC minutes, US 10-year yields
Gold has been bearish, but price action this week has so far indicated a possible reversal. At the moment, it would be premature – so what clues will help us spot a reversal with more confidence? Starting with the 4H gold chart, we can see price fell after the Non-Farm Payroll, but has since…
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5 Signs for Spotting a Reversal in Gold (XAU/USD)
Even when Goldman Sachs’s public reputation was taking a beating, the bank’s business acumen and profit remained the envy of Wall Street. Now the company is facing questions about whether it will be able to maintain its place atop the financial industry in a new era of regulations that hit hardes…
Asian stocks fell on Wednesday as worries about waning global growth lifted safe-haven bonds and the yen, while shoving oil prices to their lowest in more than two years. Government bonds were in big demand as investors wagered global inflation would continue to slow and even put off the day when…
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Asia shares buckle beneath global growth woes
President Vladimir Putin may control the levers of power in Russia, but there’s one thing he hasn’t been able to control: the relentless slide of the ruble. The currency is down about 20 percent against the dollar since January and is now at its lowest level since Russia’s 1998 debt default. Its …
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Here’s Who’s Getting Hammered By Russia’s Falling Ruble
HSBC China Composite PMI™ data (which covers both manufacturing and services) signalled a further expansion of Chinese business activity in September, thereby extending the current sequence of growth to five months. At 52.3, the HSBC Composite Output Index was down slightly from August’s 1…
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Solid increase in China services activity, while manufacturing output rises modestly
Forecasting economic growth is hard—and all the more so in developing countries. …
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The IMF Fesses Up To Big Growth-Prediction Misses. Biggest of All: Brazil, India
The Australian Bureau of Statistics has published a media release, noting that change to seasonal adjustment of monthly labour force estimates will be applied, resulting in revisions to the previously published July and August seasonally adjusted estimates. Media release The ABS has concluded …
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ABS to change seasonal adjustment of monthly labour force estimates
BREAKING
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Australia’s Statistics Bureau said it will revise seasonally-adjusted jobs data for July, August
Within the daily ebb and flow of financial markets, the yen’s gyrations are gaining notice as key levels get breached and traders attempt to adjust positions made irrelevant by rising volatility. During Tokyo trading yesterday, the yen was whipsawed by speculation when the Bank of Japan’s policy …
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Yen’s Kuroda-induced gyrations show daily trader angst over 110
1. Glencore has pushed its Rio Tinto takeover aside. The Swiss-based miner and commodities trading firm said it reserved the right to make a future bid for Rio Tinto, comments which activated Britain’s Takeover Code, meaning Glencore now cannot make another bid for six months. Bloomberg yesterday…
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10 Things You Need To Know This Morning In Australia
Securities Journal: PBOC may expand targeted rate cuts – Just a headline crossing the Bloomberg at present, no further details as yet
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Securities Journal: PBOC may expand targeted rate cuts
