According to a European Central Bank survey, the eurozone economy should grow slower this year. Moreover, a temporary surge in inflation will exceed a previous projection. This year, the eurozone economy is expanding by 4.2%. This percentage is below a previous projection of 4.4%, but next year’s growth outlook grew to 4.1% from 3.7%. Hence, …
Asian Pacific shares edged up on Friday, as gains in China and the European Central Bank’s decision to maintain stimulus helped lift the shares. Investors largely ignored the possibility of a U.S. capital gains tax hike. Despite its prediction of a strong rebound, the ECB’s decision to leave policy on hold came. The eurozone economy …
The European Central Bank should keep policy unchanged at a meeting on Thursday. Its stimulus measures are keeping the economy afloat. The central bank has pinned borrowing costs near record lows through massive bond purchases to support the eurozone through the recession. The economy needs only a little more time before it gets back from …
Asia Pacific stocks mostly rose on Thursday morning, breaking two consecutive days of losses. This came after a rally in companies boosted their U.S. counterparts. These companies stand to benefit the most from the economic recovery from the pandemic. A spike in global coronavirus cases knocked global stocks below record highs. As the earnings season …
Asian Stocks Up, Surge in COVID-19 Cases Still Beset Markets Read More »
British inflation picked up in March with global oil prices rising and retailers scaling back their COVID-driven discounts. It is likely to keep edging up as the economy reopens from lockdown. In the coming months, British inflation should rise due to increased regulated household energy bills in April. It will also rise due to higher …
European stock markets opened mixed on Wednesday after their worst daily loss so far this year on Tuesday. Investors hope that a positive corporate earnings season will ease concerns about the surging COVID-19 in India. Analysts at Morgan Stanley, in a note, said that they believe the Q1 earnings season will be strong. Moreover, they …
EU Stock Futures Mixed; COVID Cases in India Rise Read More »
The Bank of Japan should estimate that inflation will stay short of its 2% target for the first time. That will be beyond Governor Haruhiko Kuroda’s term through early 2023, according to sources. It is also likely to cut this fiscal year’s inflation forecast reflecting cuts in cell phone charges. This highlights the challenge it …
BOJ Inflation Prediction to Show Ultra-easy Policy Limits Read More »
Asia Pacific stocks were mixed on Tuesday morning, as the number of COVID-19 cases rose globally. The global surge and weaker-than-expected corporate earnings were weighing on investor sentiment. Eyes are on corporate earnings as the season gets underway. Alongside is the worsening global COVID-19 surge. CMC Markets Chief Markets Strategist Mick McCarthy said the Asian …
Asian Stocks Mixed, Markets Assess Global Surge of COVID-19 Read More »
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