Sideblog 
- If US economy strengthens, Mitt Romney's pitch could be undercut - Washington Post Friday, 3 February 2012, 8:22 pm
ABC NewsIf US economy strengthens, Mitt Romney's pitch could be undercutWashington PostWith Friday's jobs report punctuating the nation's steadily improving conditions, Mitt Romney and his advisers ar. […] - Fed Likely to Retain Stance on Low Rates - Wall Street Journal Friday, 3 February 2012, 7:55 pm
Los Angeles TimesFed Likely to Retain Stance on Low RatesWall Street Journal25 meeting that it expected to keep short-term interest rates pinned near zero until at least late 2014, an ultra easy-money. […] - 3-Year High for the Dow as Wall St. Cheers Data - New York Times Friday, 3 February 2012, 7:38 pm
TIME3-Year High for the Dow as Wall St. Cheers DataNew York TimesWhen one of the most closely watched data reports showed a generally strong picture of the United States economy on Friday, stocks on W. […]
Global Economic News - 02/20/2009
February 20, 2009 by admin
Filed under Economic News
The Japanese economy shrunk by 3.3% in the final quarter of 2008, largely due to week demand in western countries for its products. This is the largest decline in 35 years since the 1970’s Oil crisis. Whilst many had factored in this decline the Nikkei dropped 2.5% before making a recovery. Many have criticised the over dependence on exports to developed western counties.
The UK inflation rate as measured by the consumer prices index remained steady at 3.0% year on year. That is just 0.1% down on December. The weak Pound raising import prices to offset falls in energy and housing costs. Weak outlook in jobs and earnings mean this is predicted to fall in coming months.
Global equities continued with heavy falls taking them back to November levels. Investors seek to minimize any further risk. Banks were the hardest hit as uncertainty continues to undermine confidence in their ability to remain independent. Investors run for cover in Gold and cash.
Markets This Week
US:DOW - down 6.2%
US:S&P500 - down 6.2%
UK:FTSE - down 7.0%
JPN:Nikkei -down 4%
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