Czech government will probably spend more

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Source: Bloomberg
© Scanpix/FP
Possible social-democratic government of the Czech Republic is planning to end austerity policy that began with current government, as Social Democrats are likely to win elections in October. Austerity measures taken by current government made bond yields go down, but cut the growth perspectives of the county, as the Czech Republic could be the only economy in Eastern Europe to decline this year.
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Thu, 19 Sep 2013 14:59:03 GMT

Fed will keep stimulus at current level

After its meeting yesterday, Fed's FOMC decided to keep stimulus amount at the current level of $85 billion per month. Almost nobody expected such a decision from the Central Bank. Fed's announcement made stocks surge, while Treasuries jumped the most since 2011. Analysts point out that Ben Bernanke wants unemployment to go down even further by maintaining current monetary policy.

Thu, 19 Sep 2013 13:50:05 GMT

Asian equities gain most in a year as Fed retains monetary stimulus

Asian stocks advanced as the Fed surprisingly decided to maintain its level of monthly bond purchases, with the benchmark regional index rising to a one year high. The MSCI Asia Pacific Index added 2.2% to 141.73 at 6:59 p.m. Hong Kong time, while S&P's 500 Index futures gained 0.4%. Japan's Topix Index climbed 1.9% and Hong Kong's Hang Seng Index

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