The Bank of Japan shifted the focus of its monetary stimulus program Wednesday, seeking flexibility to manage its side effects while strengthening its commitment to stoking inflation over the longer term. The central bank said it would move away from a rigid target for expanding the money supply, while seeking to control bond yields across … More Bank of Japan : Shifting policy framework to targeting yield curve
In the near term, the market will monitor very closely the movement of the U.S gasoline and crude stock prices. Expectations for higher crude demand in the second half of 2016, coupled with a decrease in availability, are leading analysts to conclude the current bear market is only temporary, and oil prices will rise later in the … More Shake off that Deja-vu : Energy sector . .
In total, 15 central banks are scheduled to meet this week. The Bank of Japan’s rate decision is due on Friday local time and will be closely watched for any hints of more easing in the face of a stronger yen after the U.K.’s decision to leave the European Union and a slowdown in the … More Busy week of earnings and Central banks meetings . .
Crude oil rallied after data showed U.S. stockpiles declined more than forecast at a time when output is shrinking in Nigeria and Venezuela.Brent crude traded above $50 a barrel for the first time since November, giving a lift to the currencies of oil-exporting nations and Asian energy stocks. European equity index futures fell as … More The oldest new mantra that drive’s the Global markets..
Companies are racing to tap future mini-satellite mass market. The U.S., Europe and emerging nations such a China and India are pushing their industries, scientists and politicians to rev up their space sectors. The Chinese are seeking to explore the dark side of the moon, while the European Space Agency wants to measure gravitational waves … More Space business . .
China’s Anbang Insurance Group Co., which has twice sweetened its offer to buy Starwood Hotels & Resorts Worldwide Inc., is engaged in a high-stakes bidding war with Marriott International Inc. to acquire the owner of the upscale Sheraton, Westin and St. Regis brands. Win or lose, the latest $14 billion bid unveiled Monday by … More Chinese shopping spree . .
Prime Minister David Cameron attacked the U.K. Independence Party for seeking to use Tuesday’s terrorist attacks in Brussels to make the case for Britain to leave the European Union. UKIP’s defense spokesman, Mike Hookem, issued a statement saying the “horrific act of terrorism” showed that EU free-movement rules and “lax border controls” are “a … More Voting for Exit..?! – Next step “Brexit”.
Chinese stocks climbed the most in more than a week after the new head of the securities regulator signaled he will keep propping up the equity market and developers announced acquisitions.Liu Shiyu, chairman of the China Securities Regulatory Commission, said it was too early to think about the state rescue fund leaving the market, … More Asian market’s outlook . .
While low growth may hurt industrial’s, a weak economic backdrop may not spell doom for the broader market. Case in point: The market is up 188% since the 2009 low, despite the weakest economic recovery of the post World War II period. And while we just finished the first three-month losing streak since 2011, the … More Slow growth environment . .
The pound has already dropped more than 2 percent versus each of its Group-of-10 peers in 2016 as an uneven economic recovery and waning prospects of an interest-rate increase add to concern the nation will quit the world’s largest single market. The slide has accelerated since Prime Minister David Cameron announced the date of the … More BREXIT .. or EXIT ..?!