Markets gain on Fed rate hold... More stimulus for the Eurozone? One policymaker thinks so... China has more billionaires than US...
Markets gain on Fed rate hold
Weak data from the US Wednesday has boosted market expectations that the Fed will not be increasing interest rates this year. With American retail sales stagnant and producer prices declining analysts are predicting that it may be next year before any change in interest rates.
Asian markets have closed generally higher with commodity prices becoming more stable and some positive regional earnings.
European markets have followed suit with all major indexes trending higher so far. The EU president meets with the British prime minister Thursday to discuss the UK’s membership of the union.
Bank earnings including Goldman Sachs are in focus on Wall Street which, along with the TSX, is expected to open higher.
More stimulus for the Eurozone? One policymaker thinks so
Eurozone inflation targets have been missed and there is still weakness in the bloc which is fuelling speculation of additional stimulus from the European Central Bank. Bloomberg reports that ECB policymaker Ewald Nowotny has hinted that the central bank may be more concerned than before about the economic outlook and his comments have suggested that there could be further action taken when the bank meets next week. Nowotny is chief of Austria’s central bank and speaking in Poland Thursday he said that “structural measures” may be needed to turn the economy around.
China has more billionaires than US
China has more billionaires than the US for the first time according to the Hurun Report. China has 596 billionaires, with 242 of them reaching the milestone in 2014; the US has 537.
Weak data from the US Wednesday has boosted market expectations that the Fed will not be increasing interest rates this year. With American retail sales stagnant and producer prices declining analysts are predicting that it may be next year before any change in interest rates.
Asian markets have closed generally higher with commodity prices becoming more stable and some positive regional earnings.
European markets have followed suit with all major indexes trending higher so far. The EU president meets with the British prime minister Thursday to discuss the UK’s membership of the union.
Bank earnings including Goldman Sachs are in focus on Wall Street which, along with the TSX, is expected to open higher.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 16,924.75 (-0.92 per cent) | +1.96 per cent | +4.85 per cent |
| TSX Composite | 13,875.33 (+0.22 per cent) | +3.06 per cent | +0.04 per cent |
| Europe (at 6.00am ET) |
|||
| UK FTSE | 6,325.33 (+0.89 per cent) | +3.06 per cent | +1.83 per cent |
| German DAX | 10,043.25 (+1.28 per cent) | -1.42 per cent | +17.16 per cent |
| Asia (at close) |
|||
| China CSI 300 | 3,486.82 (+2.37 per cent) | +10.61 per cent | +41.52 per cent |
| Japan Nikkei | 18,096.90 (+1.15 per cent) | +0.39 per cent | +20.06 per cent |
| Other Data (at 6.00am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 48.87 (-0.57 per cent) |
46.01 (-1.35 per cent) |
1184.70 (+0.42 per cent) |
U$0.7755 |
| Aus. Dollar |
|||
| U$0.7342 | |||
More stimulus for the Eurozone? One policymaker thinks so
Eurozone inflation targets have been missed and there is still weakness in the bloc which is fuelling speculation of additional stimulus from the European Central Bank. Bloomberg reports that ECB policymaker Ewald Nowotny has hinted that the central bank may be more concerned than before about the economic outlook and his comments have suggested that there could be further action taken when the bank meets next week. Nowotny is chief of Austria’s central bank and speaking in Poland Thursday he said that “structural measures” may be needed to turn the economy around.
China has more billionaires than US
China has more billionaires than the US for the first time according to the Hurun Report. China has 596 billionaires, with 242 of them reaching the milestone in 2014; the US has 537.
