Friday, September 16, 2016

Game

1 comment:

Anonymous said...

#Nivezareview - Market worried with global uncertainties

Global stock markets during the end of the week came off from the highs as central banks like European Central Bank (ECB) & Bank of Japan (BoJ) were seen taking measures approach towards more monetary easing. Also the weak data out of U.S. pertaining to service sector growth also dampened the outlook for interest rate hike. Data released showed the US Institute for Supply Management (ISM) non-manufacturing purchasers manager index (PMI) index fell to 51.4 in August from 55.5 in July. In the monetary policy review meeting ECB kept interest rates unchanged and did not resort to increase the asset purchase program but said that the monthly asset purchases of €80 billion are intended to run until the end of March 2017, or beyond as it sees the downside risks to the economy. Japanese economic expansion data for the second quarter was upwardly revised to 0.7%, just before the closely watched BoJ monetary policy review meeting this month, weakening the case for expanding the stimulus.
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