According to the official of the Bank of Japan, the regulator is not planning to sell any part of its balance sheet, namely securities, even when the inflation reached the goal of 2%. The BoJ explains the decision by potential increase in long-term interest rates, if sales take place. It is worth pointing out that the similar strategy has been
The equity market in Europe is trading almost on the yesterday's level, when the benchmark Europe Stoxx 600 Index dropped, as some companies decreased their profit expectations. Today, the gauge is going slightly up 0.1% to 347.84 points in the morning in London, trading close to its six-year highest level, as investors are waiting for U.S. labor market and retail
The total volume of new loans in China topped experts' predictions and reached as much as 870.8 billion yuan or $140 billion in May of this year. Analysts waited for the indicator on a 750 billion yuan level. As the country faces significant risks of missing the growth target for 2014 at 7.5%, the government tries to support economy, expanding
Unemployment level in Australia remained unchanged at 5.8% in May of the current year, prolonging the number of months without any changes to three. On the annual basis, however, the jobless rate added 0.3%. Last month, the total number of people without any work advanced 3,200 and reached 717,000, while employment fell. The employment rate decreased slightly to 64.6%.
Industrial production in the Eurozone climbed as much as 0.8% in April of this year, exceeding economists' expectations of a 0.5% rise after a decline of 0.4% a month ago. At the same time, on the annual basis the indicator surged 1.4% in April, also being higher than economists' predictions on a 0.9% level. Strong manufacturing data speaks in favour
According to the NIESR economic institute data, the economy of the United Kingdom added 0.9% during three months, which ended in May of this year. It followed a 1.1% expansion in February-April. Therefore, the institute projects the country's GDP surpassed the pre-crisis peak level it reached in the beginning of 2008. NIESR expects the U.K. economy to advance 2.9% this
According to the minutes of the last FOMC meeting, the Fed is not planning to sell any part of securities from its balance sheet, the total amount of which reaches $4.3 trillion, the record high level. The president of the St.Louis Fed James Bullard pointed on risks of increasing long-term interest rates, in case the Fed sells some of bonds.
Based on the survey of Emolument.com, the largest investment banks in London are used to pay 37% more money in bonuses to their employees than others firms do. The list of these banks includes Deutsche Bank, Goldman Sachs and Bank of America. The research showed that the average amount of the bonus for managing directors can reach 400,000 pounds per
According to the new projections of the World Bank, the global economy will advance slower than previously forecasted during this year. Russia, China and the U.S. have seen the biggest decline in growth expectations. The largest economy of the world will add 2.1% in 2014, considerably down from 2.8% in the previous projection. The global GDP is forecasted to increase
The current account balance of Japan remained in the green zone in April of the current year, already for the third month a in row, while imports slowed and foreign investment income surged. The surplus reached 187.4 billion yen in April, although analysts forecasted a 320 billion yen positive balance. However, the statistical data shows that the surplus plunged 76%
The European equity markets shows a solid increase on the first trading day of the new week, while economists predict the global economy will continue to recover. The benchmark Europe Stoxx 600 Index climbed 0.2% to 348.03 points so far, the highest level in six years. At the same time, a several number of stock markets are closed today due
Economic growth in Japan has been stronger than forecasted initially in the first quarter of this year, as investment and consumer spending jumped. GDP advance reached 6.7% in January-March on the annual basis, while the preliminary reading showed a 5.9% rise. Among components, business investment climbed as much as 7.6%, while consumer spending increased 2.2%.
Italian bonds rose and corporate bond risk dropped to the lowest level in six years on expectations the ECB will intensify expansionary monetary policy. Italy's ten-year bond yields declined two basis points to 2%, while the corporate credit risk slid to the lowest level since May 2008. The European Central Bank may take rates into the negative territory today, as Mario
The decline in commodity prices led to a fall in Australian trade balance in April of 2014, which turned to be negative. The deficit reached $122 million, while economists waited for a $510 million surplus. The result follows a revised $902 million surplus a month ago. During April, exports decline 1%, while imports rose 2%. Moreover, the prices of coal
The total number of new manufacturing orders in the largest economy of the Eurozone showed a significant jum in April of the current year, increasing 3.1% on a monthly basis. At the same time, the rise follows a plunge of 2.8% in March, the biggest in a year. Analysts predicted the indicator to add 1.4%. Therefore, the advance in orders
The stock market in Europe shows no considerable changes in the beginning of the trading day on Thursday, as economists are following the ECB actions today, which can make new decisions concerning further stimulus measures in order to increase the pace of economic recovery and inflation level. The benchmark Stoxx 600 Index addes 0.1% to 343.59 points by 7:00 GMT
Property prices in the United Kingdom jumped significantly in May of this year, reaching the largest level since the year 2008. Prices added 3.9% on a monthly basis, while year-on-year an increase was 11%. The average home price has been 184,464 pounds last month. The company points out that the biggest advance in housing prices has been seen in the
The total number of registered new cars in the United States jumped considerably in May of the current year, with all three biggest American car makers showing a stable growth, despite a high number of recalls in recent months. The indicator surged 11% to 1.6 million units, which is the highest monthly number since July 2005. Alongside, May is always
Economic growth in Australia reached the highest pace in last two years, with both exports and construction sector advancing, while the RBA kept borrowing costs low. The GDP of the country surged 1.1% in the first quarter of this year on the quarterly basis, while analysts predicted the indicator to add 0.9%. On the annual basis, the economy increased 3.5%
The ECB will most probably cut both key and deposit interest rates after the Governing Council meeting on Thursday, the majority of economists expect. As predicted, the cut of both rates will be in the range of 10-15 basis points, keeping the borrowing costs very low. Alongside, the ECB is planning to leave some space after the rates' cut for
Equity markets in Asia decline on Wednesday, while investors are waiting for the jobs data in the U.S. and a monetary policy decision from the ECB tomorrow. The benchmark index MSCI Asia Pacific decreased from the biggest level in seven months, by retreating 0.2% to 142.79 points. Nine out of ten industry sectors show a decline, with HTC Corp. Falling
Standard & Poor's 500 Index climbed to the record level, as investors awaited U.S. manufacturing data. S&P 500 Index rose almost 0.1% in June, after an increase of 1.2% last week. Economists expect the Institute for Supply Management's report at 10:00 a.m. New York time will show American manufacturing index climbing 0.6 to the mark of 55.5 for May.
According to the analysts' expectations, the ECB will most likely announce new support measures in the single currency area in order to withstand the low inflation and high unemployment level. Among measures, the forecasts vary from lowering key interest rate and making the deposit rate negative to the long-awaited quantitative easing program, which has not been practiced by the ECB
Total car sales in the United States will most likely climb in May of the current year, while market analysts wait for a 6.5% monthly increase to 1.54 million units. It will bring the annual sales' indicator to 16.1 million cars. Moreover, the advance is also expected to be shown by American GM and Chrysler, which have been active in