Manufacturing Data Underscores Sluggish Global Growth
According to the official Purchasing Managers’ Index, released by the National Bureau of Statistics along with the China Federation of Logistics and Purchasing on Monday, Chinese manufacturing activity contracted for a second straight month in September. China's official PMI rose to 49.8 in September compared to 49.2 in August, which was the lowest since November 2011.
Manufacturing Purchasing Manager’s Index (PMI) is a leading indicator of economic health of an...
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Fundamental Analysis
Negative News From Euro-zone Dent Investor Sentiment
September 26, 2012 - 16:06
Market rallies inspired by the initial euphoria over the announcements of the ECB's bond buying program and monetary easing measures by the US Fed Reserve and the Bank of Japan seems to have fizzled as worries over deteriorating global growth outlook and worsening Euro-zone's financial crisis frightened global markets.
Markets were unnerved by negative news-flow from Spain where anti-austerity protests turned violent on Tuesday and protesters clashed with police ahead of the planned announcement of the 2013 budget and a new round of...
Weak German Data Increased Concerns Over Sluggish Global Growth
September 25, 2012 - 16:01
Latest Sign of a Global Slowdown
Investors shift their focus back to the weak economic fundamentals that drove the US Federal Reserve and the Bank of Japan to announce additional stimulus packages. Weak German data is the latest sign that global economic growth may remain sluggish.
The Ifo Business Climate Index, a gauge of German business confidence, continued to decline for a fifth successive month in September. The Ifo index fell to its weakest level since March 2010 to 101.4 for the month of September against a forecast...
Investors Cautiously Await German Ruling and Fed Meeting (11/09/2012)
September 11, 2012 - 14:38
Fed Stimulus Hopes
It's a big week for markets as investors are closely watching the outcome of the Federal Reserve’s two-day policy meeting on Wednesday and Thursday. The Federal Open Market Committee concludes a two-day policy meeting on Thursday. Following Friday's disappointing US jobs data, investors have high hopes that the Fed will announce potential further monetary easing steps to stimulate the fragile US economic recovery.
On economic data front, according to data released by the Federal Reserve, consumer...
ECB Sent a Cheer Across Global Markets
September 07, 2012 - 14:46
ECB Moves to Calm the Euro-Zone Debt Crisis
ECB President Mario Draghi sent a cheer across global markets as ECB outlined its new bond-buying scheme. On Thursday, ECB agreed to launch a new bond-buying program, focused to buy unlimited sovereign bonds with maturities of one to three years, aimed at easing borrowing costs of struggling Euro-zone countries under strict conditions of implementing approved fiscal austerity measures.
The ECB also kept its main interest rate on hold, leaving its key interest rate at a record low of...
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