Latest news on ‘Global Markets’
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China Rate Move May Lure Capital, Complicating Inflation Fight
Bloomberg – China’s decision to raise interest rates to combat inflation may have the opposite effect by luring more capital into the world’s fastest-growing major economy.
The central bank yesterday unexpectedly [...] -
Record low for 5-year yield following job reports
NEW YORK (CNNMoney.com) – Short-term Treasury yields continued their downward march on Wednesday, with 5-year yields hitting a record low in the wake of two disappointing jobs reports.
Private sector employers [...] -
Ireland will recover quickly from bank crisis
By Danny McCoy – The announcement of the final scale of its bank rescue plan concludes a month in which the troubles of Ireland’s economy have again been centre stage. [...]
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Census: U.S. Poverty Rate Highest Since 1994
CNN – The nation’s poverty rate jumped to 14.3% in 2009, its highest level since 1994, and the 43.6 million Americans in need is the highest number in 51 years [...]
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Canada July Trade Deficit Unexpectedly Widens to Most Since at Least 1971
Bloomberg – Canada’s trade deficit unexpectedly widened to a record in July as exports to the U.S. fell, government figures showed, adding to evidence the country’s economic recovery is being [...]
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Ben Bernanke promises to step in as US economy veers back towards recession
US central bank boss Ben Bernanke today vowed to step in to prop up a fragile US economic recovery if needed as he conceded growth had been weaker than the [...]
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Chances of Double Dip Now Over 40%: Roubini
CNBC – The chances of a double-dip recession are now more than 40 percent and policymakers have options to stimulate the economy, Nouriel Roubini of Roubini Global Economics told CNBC [...]
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Treasuries Surge, Pushing Two-Year Note Yields to Record Low
(Bloomberg) — Treasuries rallied, driving two-year note yields to a another record low and sending those on 10-year securities below 2.5 percent for the first time since March 2009 after [...]
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China surpasses Japan as world’s No. 2 economy
TOKYO – Japan lost its place to China as the world’s No. 2 economy in the second quarter, as receding global growth sapped momentum and stunted a shaky recovery.
Gross domestic [...] -
U.S. Jobless Claims Unexpectedly Climb to Five-Month High
Bloomberg – More Americans unexpectedly filed applications for unemployment insurance last week, signaling firings stepped up as the economy slowed.
Initial jobless claims rose by 2,000 to 484,000 in the week [...]
