TRD: European markets pause on global growth concerns
European markets pause on global growth concerns
But utility stocks, often traded in lieu of bonds due to their perceived lower risk and high dividends, outperformed with a 0.9 percent advance by the S&P 500 utilities index. Speaking on the sidelines of the annual meeting of the World Bank and worldwide Monetary Fund in Lima, Lou said developed economies were to blame for the global economic malaise because their slow recoveries were not creating enough demand.
"A clouded outlook for China can used as an argument by the Fed to postpone a rate hike". And most markets prolonged these gains on Monday, with Shanghai having fun with a 3rd straight rally after every week-lengthy vacation. Fed Governor Daniel Tarullo told CNBC television he does not expect the economy to be ready for a rate hike this year, while St. Louis Fed President James Bullard said an October rate rise is unlikely. While a weak Australian dollar can make business more expensive for companies who import most of their goods, it can provide a strong tailwind for those who export their products and those which generate a large portion of their earnings overseas.
A pedestrian is reflected on a an electronic board showing the Japan's Nikkei average (top) and other market indices including the exchange rate between the Japanese yen against the U.S. dollar in Tokyo, Japan, September 9, 2015.
In related news, OPEC sees more demand for its crude in 2016 as cheap oil hits rivals. The two-year U.S. Treasury yield increased seven basis points and ended August at 0.74 percent, while the 10-year U.S. Treasury jumped five basis points to end the month at 2.22 percent.
In early trade, the Aussie was buying US73.60¢, down slightly on overnight levels but up against the US73.22¢ registered at the same time on Monday. Credit Suisse is "neutral" on BT Investment Management and has a price target of $8.90 on the stock and said: "BTT is trading on 18.7x, a 16 per cent premium to Australian peers and 24 per cent premium to United Kingdom peers".
And Nomura Securities forecast in a March lift-off in a market commentary. However, he did admit the "market remains oversupplied".
"In the global market, pressure on the U.S. dollar is still there and the rupiah is tending to strengthen against the USA dollar, mainly as a result of positive internal sentiment", he said. Their debt becomes more expensive, which hurts spending and weighs down economic growth.
We've been seeing Incredible consolidation at these 120 levels on the DollarYen chart... typically these kind of wedges are like a compressed spring and will explode at a few point.
Killed, More Than 20 Injured By Terror Attacks In Jerusalem, Raanana
But Netanyahu also went after Arab lawmakers in the chamber, accusing two of them of supporting the violence against Israelis. Amateur video distributed by police showed several men kicking and beating the alleged assailant as he lay on the ground.
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Global markets went into meltdown in August after China devalued its yuan foreign money, fanning worries concerning the state of the world's quantity two financial system, whereas merchants have been additionally on edge over the anticipated U.S. price rise.
European shares paused on Monday after their strong start to the fourth quarter while the dollar dipped towards three-week lows, with investors unconvinced the US Federal Reserve would raise interest rates this year.
