Markets Australia’s central bank kept its cash rate steady at a record low of 2% on Tuesday, but said subdued inflation meant there might be room for further easing if needed. In a brief statement, RBA Governor Glenn Stevens stated … Continue reading
Markets The ECB’s massive stimulus program has done little to spur manufacturing growth in the eurozone, as factories again resorted to cutting prices to boost trade. Markit’s final manufacturing PMI was 52.3 last month, only slightly up from September, but … Continue reading
Markets Despite building expectations for more stimulus, Japan’s central bank has kept monetary policy on hold, maintaining its annual asset purchases at ¥80T. The decision comes amid declines in output and a slowdown in consumer prices that has threatened Japan … Continue reading
Markets The Commerce Department is scheduled to release its preliminary estimate of U.S. economic growth for the third quarter at 8:30 a.m. ET, at the same time as the weekly jobless claims report. Economists are looking for the economy to … Continue reading
Markets Although the Fed is largely expected to keep interest rates unchanged today, will there be anything for investors to digest in terms of the timing of an upcoming hike? Chairwoman Janet Yellen isn’t scheduled to hold a press conference … Continue reading
Markets It’s not the meeting we’ve all been waiting for, but the Fed’s policy-making committee convenes in Washington today and tomorrow, where it’s expected to keep benchmark interest rates near zero. The real question is whether the Fed will raise … Continue reading
Markets IMF representatives are set to give the all-clear for China’s yuan to be included in its Special Drawing Rights basket, laying the groundwork for a favorable decision by policymakers, Bloomberg reports. As part of the process scheduled for every … Continue reading
Markets Stocks across the globe are extending a rally from the previous session, after ECB President Mario Draghi signaled his willingness to add more stimulus to the eurozone’s flagging economies. “We are ready to act if needed…and we are open … Continue reading
Markets All eyes will be on ECB President Mario Draghi today amid a policy meeting in Malta that will provide clues about further monetary stimulus. Grounds for extending QE would include deflation risks, slowing growth in China and stock market … Continue reading
Markets Upsetting an otherwise tranquil October, China’s stock market erased morning gains and suddenly fell in late trading, bringing back recent memories of afternoon sell-offs in the broader market. The Shanghai Composite ended the session down 3.5%, its biggest fall … Continue reading