Asian Stock Markets Generally Retreat On Geopolitical Tensions

Asian Stock Markets Generally Retreat On Geopolitical Tensions

Asian stock markets Monday generally retreated in the face of ongoing geopolitical tensions on the Korean Peninsula, and the prospects for higher global interest rates engineered by the U.S. Federal Reserve. There are some concerns short-term “hot money” could leave the Far East for the United States, if the Fed raises rates too aggressively. Tokyo gained on a steady yen, but Hong Kong fell markedly and Shanghai slipped, while other […]

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ECB’s Vasilauskas Wants ‘Concrete Date’ for End of QE

ECB’s Vasilauskas Wants ‘Concrete Date’ for End of QE

European Central Bank Governing Council member Vitas Vasilauskas member wants a “concrete date” for the end of quantitative easing. He is quoted by MNI as saying that “all options are on the table”, adding that he would favor of a decision on October and prefers to have “a concrete date or complete term as to how long we can be ” in the bond buying program. Vasilauskas added that there […]

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Aldi UK & Ireland Posts Double Digit Growth in Sales in 2016

Aldi UK & Ireland Posts Double Digit Growth in Sales in 2016

German supermarket chain Aldi, which operates thousands of stores across the world, unveiled double-digit growth in its UK and Ireland sales in the 2016 full year on Monday as more British consumers switched over to buying its products. The business, which operates 726 stores in the UK and employs 29,000 people there, said that sales in the UK and Ireland had been 8.74 billion pounds ($11.83 billion) in the full […]

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Crude Jumps On Likely Extension of OPEC Cuts

Crude Jumps On Likely Extension of OPEC Cuts

Oil prices settled up 2% on Wednesday as traders and investors ignored a build in U.S. crude stockpiles from last week to focus on the likelihood of OPEC extending crude production cuts when it meets later this week to assess price support measures. The U.S. government’s Energy Information Administration (EIA) said domestic crude inventories rose by 4.6 million barrels for the week ended Sept. 15 as supply balances for unprocessed […]

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Bond Prices Crater as FOMC on Track For Year-End Hike

Bond Prices Crater as FOMC on Track For Year-End Hike

U.S. Treasury prices cratered on the two- and five-years with the 10-year chasing behind while the long bond outperformed (but hardly budged) following the Federal Open Market Committee (FOMC) statement. Also an influence were the Summary of Economic Projections (SEP) and plans for rate-normalization to begin in October. The two-year took the brunt of the sell-off, swinging back to the lowest levels since October 2008 as Fed Chair Janet Yellen […]

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