Source: blogs.wsj.com - Thursday, February 26, 2015
Macro Horizons covers the main macroeconomic and policy news events affecting foreign-exchange, fixed income and equity markets around the world, as selected by editors in New York, London and Hong Kong. WRAP: With Federal Reserve Chairwoman Janet Yellen’s two-day Congressional testimony generally encouraging investors to assume that the Fed is not especially anxious to raise rates, markets feel as if they’ve been given a green light to rally. Major indexes around the world have surged over recent days. Don’t underestimate, either, the importance of that deal between the eurozone finance ministers and the Greek government over the weekend – January data on Greek bank deposit outflows show just how dicey that country’s financial situation could have been without the assistance. Those news items clear the way for investors to focus on a macroeconomic picture that – at least in the latest round indicators – is mostly showing some signs of improvement: GDP growth in the U.K., low unemployment in Germany, and likely to be continued low weekly jobless claims in the U.S. It’s Japan, which dumps a load of likely disappointing domestic economic data later tonight, that’s playing the role of laggard among these four key advanced economies. (MC) U.K.: –4Q GDP growth remained unrevised at 0.5% on the quarter and 2.6% for the year as a whole. –4Q business investment fell 1.4% on the previous quarter and was up 2.1% on the year. –4Q household
from Top News on RSS Feeds http://ift.tt/1zhrD5X
Macro Horizons covers the main macroeconomic and policy news events affecting foreign-exchange, fixed income and equity markets around the world, as selected by editors in New York, London and Hong Kong. WRAP: With Federal Reserve Chairwoman Janet Yellen’s two-day Congressional testimony generally encouraging investors to assume that the Fed is not especially anxious to raise rates, markets feel as if they’ve been given a green light to rally. Major indexes around the world have surged over recent days. Don’t underestimate, either, the importance of that deal between the eurozone finance ministers and the Greek government over the weekend – January data on Greek bank deposit outflows show just how dicey that country’s financial situation could have been without the assistance. Those news items clear the way for investors to focus on a macroeconomic picture that – at least in the latest round indicators – is mostly showing some signs of improvement: GDP growth in the U.K., low unemployment in Germany, and likely to be continued low weekly jobless claims in the U.S. It’s Japan, which dumps a load of likely disappointing domestic economic data later tonight, that’s playing the role of laggard among these four key advanced economies. (MC) U.K.: –4Q GDP growth remained unrevised at 0.5% on the quarter and 2.6% for the year as a whole. –4Q business investment fell 1.4% on the previous quarter and was up 2.1% on the year. –4Q householdfrom Top News on RSS Feeds http://ift.tt/1zhrD5X
Aucun commentaire:
Enregistrer un commentaire