European stock markets fell for a second day on Wednesday, pushing world share indexes back towards their lowest in six months as concern mounts over the strength of global economic growth. Forecasts from the International Monetary Fund on Tuesday added to the sense that the world economy is st…
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Growth worries grip stocks, oil
A small nation with a proud history. A rich economic history. And a bold bid for independence from an over-bearing neighbor. A few weeks ago it was Scotland looking to break away from the United Kingdom. Now it is Catalonia looking to break away from Spain. The Scottish question has been settled…
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Catalonia is a far bigger threat to Europe than Scotland was
ECB Constancio: ECB to significantly boost balance sheet; latest steps mark new phase in monetary policy approach
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ECB Constancio: Latest steps mark new phase in policy approach
Italian Prime Minister Matteo Renzi has persuaded European partners to attend a meeting on jobs in Milan on Wednesday but he may struggle to get them to agree to do much more than show up. Originally presented as a summit and later downgraded to a “high-level conference”, the encounter is meant …
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EU leaders to meet on jobs as budget disputes loom
The following are the intraday outlooks for EUR/USD, USD/JPY, SP500, and Crude Oil as provided by the technical strategy team at SEB Group. EUR/USD: Should rise to 1.2740/60 to find offers. The 1.2580 mid-body point held as support yesterday. In the intradailies it is possible to detect and inv…
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Intraday Outlooks For EUR/USD, USD/JPY, SP500, Oil – SEB
“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
