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RBA Monetary Policy Meeting Minutes

Posted by Forexsq 3 days ago (http://www.rba.gov.au)
img Members noted that global economic data released over the past month had been somewhat mixed. Overall, the data suggested that the pace of growth in Australia's major trading partners had eased early this year, although the outlook was still for around trend growth in 2013 as a whole, before picking up in 2014. Growth in the Chinese economy had slowed a little in the March quarter, primarily refl

UK Consumer Price Inflation, April 2013

Posted by Forexsq 3 days ago (http://www.ons.gov.uk)
img The Consumer Prices Index (CPI) grew by 2.4% in the year to April 2013, down from 2.8% in March. •By far the largest downward contribution came from transport costs (notably motor fuels and air fares). •The only notable upward contribution came from price movements for food & non-alcoholic beverages. •This is the first time that the growth in inflation has slowed since Autumn 2012. Over the last

U.K. Regulator Hits Back at Bonus Cap as EU Readies Expansion

Posted by Forexsq 3 days ago (http://www.bloomberg.com)
img Martin Wheatley, the top U.K. markets regulator, criticized a European Union cap on banker bonuses as the bloc’s banking watchdog prepares to expand the limits to thousands more financial-industry employees.

Wheatley, chief executive officer of the Financial Conduct Authority, told an audience of London financial executives that the bonus cap would drive up basic salaries and limit regulators’

UK Summary of Retail Sales, April 2013

Posted by Forexsq 2 days ago (http://www.ons.gov.uk)
img In April 2013, the quantity bought in the retail sector (or sales volumes) increased by 0.5% compared with April 2012. The only source of downward pressure from the four main retail sectors came from the food sector, where compared with April 2012, the quantity of goods bought decreased by 3.8%. This is the lowest since June 2011. The amount spent decreased by 0.2%, which is the largest contracti

Investors don't understand QE3 and want clarity from Bernanke

Posted by Forexsq 2 days ago (http://blogs.marketwatch.com)
img Investors at the moment seem like sightseers on a whale-watching boat, running from one side of the boat to the other at the merest hint of fresh developments.

A few weeks ago, investors were convinced that the economy was in another rough patch and the Fed might add to the pace of its $85 billion per month bond-buying program.

More recently, stories in the Wall Street Journal and some com

Bernanke out by August, QE ends, rates up: Crash

Posted by Forexsq 2 days ago (http://www.marketwatch.com)
img The “Dr. Boom” scenario: America is about to “unleash a spending spree. Years of self-denial give way to pent-up demand,” predicts UBS economist Maury Harris in USA Today’s bold lead story.

His clue? Consumer sentiment: “Harris estimates that in the next five years, catch-up consumption will boost annual consumer spending growth by a half point to above 3% from about 2%.”

BOJ Monthly Report of Recent Economic and Financial Developments

Posted by Forexsq 1 day 6 hours ago (http://www.boj.or.jp)
img Japan's economy has started picking up. Overseas economies have been moving out of the deceleration phase that had continued since last year and are gradually heading toward a pick - up. In this situation, exports have stopped decreasing. Business fixed investment continues to show resilience in non manufacturing and appears to have stopped weakening on the whole. Public investment has continued

China factory activity hits 7-month low

Posted by Forexsq 1 day 6 hours ago (http://money.cnn.com)
img Fears of a slowdown in global growth were reinforced Thursday as a preliminary report on China's manufacturing in May showed activity contracted for the first time in seven months.

Global bank HSBC said its "flash" index of purchasing managers' sentiment fell to 49.6 from a final reading of 50.4 in April. It's the first time the index has fallen below 50 since October 2012. Any reading above 5

Unemployment insurance weekly claims report

img In the week ending May 18, the advance figure for seasonally adjusted initial claims was 340,000, a decrease of 23,000 from the previous week's revised figure of 363,000. The 4-week moving average was 339,500, a decrease of 500 from the previous week's revised average of 340,000. The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending May 11, unchanged from t

The outlook for the UK economy - speech by Paul Fisher

Posted by Forexsq 6 hours ago (http://www.bankofengland.co.uk)
img Speaking in Cardiff today, Paul Fisher, the Bank’s Executive Director for Markets and a member of the Monetary Policy Committee, gives a personal view on why the recovery from recession has been slow and is likely to continue to be prolonged. He also reviews the recent institutional changes at the Bank of England which, he says, “will help shape the policy environment for a generation”. Paul Fish

Draghi Says Bond-Buying Pledge Helps Transmit Rates

Posted by Forexsq 6 hours ago (http://www.bloomberg.com)
img European Central Bank President Mario Draghi said his pledge to buy government bonds is helping to ensure that interest-rate cuts reach the parts of the euro-area economy that need them the most.

“Our measures gave breathing space from markets driven by panic, which were forcing the economy into a position where inappropriately high interest rates would make default a self-fulfilling prophecy,

Special Report: The deeper agenda behind Abenomics

Posted by Forexsq 6 hours ago (http://www.reuters.com)
img When ill health and political gridlock forced Shinzo Abe to quit after one dismal year as Japan's prime minister, his pride was dented and his self-confidence battered.

One thing, however, was intact: his commitment to a controversial conservative agenda centered on rewriting Japan's constitution. Conservatives see the 1947 pacifist charter, never once altered, as embodying a liberal social or

German business morale rises more than expected in May

Posted by Forexsq 6 hours ago (http://www.reuters.com)
img German business morale rose far more than expected in May, rebounding after two consecutive falls and suggesting Europe's largest economy is picking up steam after posting anaemic growth in the first quarter.

The Munich-based Ifo think tank said on Friday its business climate index, based on a monthly survey of some 7,000 firms, rose to 105.7 in May from 104.4 in April.

That compared with a

China housing stays hot

Posted by Forexsq 4 days ago (http://money.cnn.com)
img Property prices continued to rise last month in China, defying policymakers who have sought to cool the housing market while preserving robust economic growth.

Housing prices rose in 68 of 70 Chinese cities in April when compared to the previous month, according to the National Bureau of Statistics. Compared to last year, prices were higher in all but two of the 70 cities tracked by the govern

U.S. economy walks uneven path

Posted by Forexsq 4 days ago (http://www.marketwatch.com)
img The bubbling U.S. stock market might get more pop this week from positive sales trends in housing, but danger signs lurk in other parts of the economy.

Sales of new and existing homes in April top the list of major economic reports and both are expected to show the housing recovery remains on track. Federal Reserve Chairman Ben Bernanke will get grilled by Congress and U.S. jobless claims shou
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