The ECB meets tomorrow. The combination of soft inflation data and Draghi’s speech at Jackson Hole has raised expectations for a policy response. Many observers have played up the risks of an asset-backed securities (ABS) purchase scheme for which Draghi said preparations are moving forward qui…
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Handicapping the ECB Meeting
The ECB meets tomorrow. The combination of soft inflation data and Draghi’s speech at Jackson Hole has raised expectations for a policy response. Many observers have played up the risks of an asset-backed securities (ABS) purchase scheme for which Draghi said preparations are moving forward qui…
Originally posted here:
Handicapping the ECB Meeting
Bank of Canada Governor Stephen Poloz extended the country’s interest-rate pause to four years today and remained neutral on his next move, citing slack in the economy that will keep inflation in check. Policy makers held the benchmark rate on overnight loans between commercial banks at 1 percent…
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Canada Stays Neutral on 1% Policy Rate on Economic Slack
Bank of Canada Governor Stephen Poloz extended the country’s interest-rate pause to four years today and remained neutral on his next move, citing slack in the economy that will keep inflation in check. Policy makers held the benchmark rate on overnight loans between commercial banks at 1 percent…
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Canada Stays Neutral on 1% Policy Rate on Economic Slack
Looks like something might have been lost in translation with the ceasefire retraction headline just before. …
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Confusion over Ukraine ceasefire retraction
Looks like something might have been lost in translation with the ceasefire retraction headline just before. …
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Confusion over Ukraine ceasefire retraction
New orders for U.S. factory goods jumped in July on robust demand for transportation equipment, with the overall trend pointing to strengthening manufacturing activity. The Commerce Department said on Wednesday new orders for manufactured goods increased a record 10.5 percent. June’s orders were …
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Transportation buoys new U.S. factory orders in July
New orders for U.S. factory goods jumped in July on robust demand for transportation equipment, with the overall trend pointing to strengthening manufacturing activity. The Commerce Department said on Wednesday new orders for manufactured goods increased a record 10.5 percent. June’s orders were …
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Transportation buoys new U.S. factory orders in July
Goldman Sachs has warned that the UK could fall into a eurozone-style crisis if Scotland votes for independence later this month. In some of the most bleak predictions economists have made about independence, the Wall Street bank said a “Yes” vote on September 18, while looking unlikely, “could h…
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Scottish ‘Yes’ vote could cause eurozone-style currency crisis, Goldman Sachs warns
Goldman Sachs has warned that the UK could fall into a eurozone-style crisis if Scotland votes for independence later this month. In some of the most bleak predictions economists have made about independence, the Wall Street bank said a “Yes” vote on September 18, while looking unlikely, “could h…
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Scottish ‘Yes’ vote could cause eurozone-style currency crisis, Goldman Sachs warns
The Bank of Canada (BoC) will likely highlight better-than-expected second quarter (Q2) economic growth as it keeps the overnight lending rate at 1%, while maintaining the neutral interest rate bias. The bank is expected to warn that despite economic improvements, there is still a lot to be done …
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BoC to hold interest rate steady amid neutral bias
The Bank of Canada (BoC) will likely highlight better-than-expected second quarter (Q2) economic growth as it keeps the overnight lending rate at 1%, while maintaining the neutral interest rate bias. The bank is expected to warn that despite economic improvements, there is still a lot to be done …
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BoC to hold interest rate steady amid neutral bias
The number of long-term unemployed in the world’s major economies has increased by 85% since the financial crash, according to the latest employment monitor by the Organisation of Economic Cooperation & Development (OECD). More than 16 million people have been out of work for at least a year in t…
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Long-term unemployment almost double pre-financial crisis level – OECD
The number of long-term unemployed in the world’s major economies has increased by 85% since the financial crash, according to the latest employment monitor by the Organisation of Economic Cooperation & Development (OECD). More than 16 million people have been out of work for at least a year in t…
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Long-term unemployment almost double pre-financial crisis level – OECD
Despite a stellar reading on the ISM Manufacturing data, Wall Street was in consolidation mode yesterday. However, the S&P 500 still managed to hold above 2000 after earlier posting yet another intraday all-time high. Asian markets retained a positive slant with the Nikkei are three quarters of a…
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Use Sterling and Yen bear rally as another chance to buy the Dollar
Despite a stellar reading on the ISM Manufacturing data, Wall Street was in consolidation mode yesterday. However, the S&P 500 still managed to hold above 2000 after earlier posting yet another intraday all-time high. Asian markets retained a positive slant with the Nikkei are three quarters of a…
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Use Sterling and Yen bear rally as another chance to buy the Dollar
Will European Central Bank President Mario Draghi unveil a massive asset purchase program, or quantitative easing, following this week’s policy meeting? Investors certainly seem to believe that eurozone QE will happen sooner rather than later judging by the performance of the region’s bond market…
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ECB to Roll Out QE? Not So Fast
Will European Central Bank President Mario Draghi unveil a massive asset purchase program, or quantitative easing, following this week’s policy meeting? Investors certainly seem to believe that eurozone QE will happen sooner rather than later judging by the performance of the region’s bond market…
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ECB to Roll Out QE? Not So Fast
The future of the pound in an independent Scotland has been a central part of the debate in the lead up to the 18 September referendum. Scotland’s first minister, Alex Salmond, insists the country will continue to use the pound if it votes for independence. But all three main political parties at…
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Can Scotland be independent and keep sterling?
Ukraine said on Wednesday its president had agreed with Russia’s Vladimir Putin on steps towards a “ceasefire regime” in Kiev’s conflict with pro-Russian rebels, but the Kremlin denied any actual truce deal, sowing confusion on the eve of a NATO summit. “The parties reached mutual understanding o…
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Confusion as Ukraine and Russia announce progress towards peace
