Global Economics & Investing

By Michael Hartley CFP® | A curated collection of articles about economics, investing, and personal finance. Www.dkeadvisorsolutions.com

Does the Fed Funds Rate Still Matter?

At last Sunday’s Group of 30 international banking seminar, Federal Reserve Chair Janet Yellen delivered a classically bland, central-banker speech. It was all the standard stuff: When will the Fed hike rates? Will inflation reach the Fed’s 2 percent target?<p>But as far as I can tell, nobody asked …

Economy

Dollar holds upper hand as market ponders Fed choice

TOKYO (Reuters) - The dollar held an upper hand against other major currencies on Wednesday as investors weigh the possibility that U.S. President Donald Trump will choose a more hawkish Federal Reserve chief with than the current chair, Janet Yellen.<p>The dollar index (.DXY) stood at 93.475, …

Economy

New Zealand inflation picks up in third quarter, unlikely to alter cenbank's cautious stance

WELLINGTON (Reuters) - New Zealand's inflation rate jumped in the third quarter to overtake central bank forecasts, but was unlikely to alter the bank's determination to keep rates on hold for years.<p>The consumer price index (CPI) picked up 0.5 percent in the three months to the end of September, …

Economy

Singapore Sept. exports post surprise decline as electronics stumble

SINGAPORE (Reuters) - Singapore's exports unexpectedly fell from a year earlier in September, data showed on Tuesday, their first on-year contraction in five months as electronics shipments posted their first decline in almost a year.<p>Non-oil domestic exports fell 1.1 percent in September on-year, …

Economy

Russia's budget based on oil price of $40 per barrel: Finance minister

Russian Finance Minsiter Anton Siluanov speaks about the price of oil.

Oil

Stronger currency shrinks euro zone trade surplus in August

BRUSSELS (Reuters) - Euro zone's trade surplus shrank in August as the stronger euro fueled an import boom that was only partly offset by a rise in …

Economy

China’s September Consumer Inflation Slows

China’s consumer price index (CPI) increased 1.6% in September, a slowdown from the 1.8% % gain in August, data released by the National Bureau of …

Economy

Greek central bank chief calls for swift conclusion of bailout review

ATHENS (Reuters) - Greece and its foreign lenders must intensify efforts to conclude swiftly a review of the country's compliance with fiscal targets and reforms under its current bailout, the governor of Greece's central bank said on Monday.<p>Inspectors from the country's creditors, the European …

Greece

Egypt expects to renew financing deal with global banks

NEW YORK (Reuters) - Egyptian Finance Minister Amr El-Garhy said on Monday he expects a financing agreement with a consortium of global banks will be renewed for another year with the aim to boost foreign reserves while the government implements economic reforms.<p>"I think so. I think the central …

Economy

The Latest: Rating agency: Budget impasse impacting towns

HARTFORD, Conn. (AP) — The Latest on Gov. Dannel P. Malloy's latest revised budget proposal and legislative budget talks. (all times local):<p>5 p.m.<p>A national bond rating agency is flagging 26 Connecticut cities and towns, as well as three regional school districts, to be reviewed for possible …

Government

The Latest: Spain lowers growth forecast amid uncertainty

BARCELONA, Spain (AP) — The Latest on the Spain-Catalonia political crisis (all times local):<p>12:20 a.m.<p>The Spanish government is lowering the country's economic growth forecast for 2018 from 2.6 to 2.3 percent, blaming the political uncertainty in Catalonia for the slowdown.<p>The more modest growth …

Spain

U.S. dollar up, yield curve flat, on inflation; stocks rise

NEW YORK (Reuters) - U.S. stocks rose on Tuesday after company earnings reports were better than expected, with the Dow Jones Industrial Average breaching the 23,000 mark for the first time, while the U.S. Treasury yield curve flattened and the dollar rose to a one-week high on increased inflation …

Economy

China September producer prices jump most in six months in boost for global inflation

BEIJING (Reuters) - China’s producer price inflation unexpectedly accelerated to a six-month high in September as a construction boom shows no signs of abating and a government crackdown on air pollution triggers fears of winter shortages and frenzied jumps in commodity prices.<p>China’s strong demand …

Economy

Nikkei index highest in over 20 years

Japan's stock market has continued its rally as investors are optimistic about the mid-term prospects for the global economy. The Kobe Steel data …

Economy

Central Bankers Cling to Stimulus Amid Weak Inflation

Officials at Washington conference say low wages and consumer prices make it tough to remove measures quickly, despite global economic upturn<p>WASHINGTON—Leaders of the world’s largest central banks indicated that weak inflation in advanced economies could prolong the postcrisis era of easy-money …

Economy

London House Prices Fall at Fastest Pace Since Financial Crisis

London house prices are falling at their fastest pace since the aftermath of the financial crisis, confirming the British capital as the …

Economy

3 Charts to Know: Will China Growth Hit 7%

Daybreak Asia<p>October 16th, 2017, 12:57 AM UTC<p>China's GDP growth could hit 7%, says PBOC Governor Zhou Xiaochuan, but he warns against rising …

Economy

Carney's Countdown to BOE Rate Hike Enters Make or Break Week

Mark Carney is heading into a crucial week in the countdown to a possible Bank of England rate increase in early November.<p>After the International …

Economy

ECB sees inflation pick up despite weak wages: Constancio

WASHINGTON (Reuters) - Euro zone inflation will pick up as the economic recovery continues, despite a puzzling disconnect between strong growth and …

Economy

World economy may be healthier than the IMF thinks

Richard Thaler, whose richly deserved Nobel Prize for his work on behavioural economics was announced last week, is surprised that the global equity …

Economy

Market eyes China congress for stimulus plans

Australian shares are likely to miss out on the full impacts of the optimistic upswing in equity markets that has driven US, Japanese and German …

Economy

Japanese market hits a 21-year high: these charts show why it could keep rising

Japan’s main stock index – the Nikkei 225 – hit its highest level since December 1996 this week, but can it continue?<p>The country has struggled for decades to escape the clutches of economic stagnation and deflation, which followed the collapse of a market bubble in 1992.<p>The market failed to recover …

Economy

Russia and Venezuela to do debt restructuring deal by November 15: TASS

MOSCOW (Reuters) - Russia and Venezuela will finalize a debt restructuring deal for Caracas by Nov. 15, the TASS news agency cited Venezuela's …

Russia

Yellen Says `Best Guess' Is Soft Inflation Won't Persist

Federal Reserve Chair Janet Yellen said that the U.S. central bank expects to continue to raise interest rates gradually as solid growth, a strong …

Economy

Yellen sounds upbeat note on economy and inflation prospects

Federal Reserve Chair Janet Yellen on Sunday sketched a bright outlook for the U.S. economy and for inflation prospects in coming months, saying the impact of the recent hurricanes will likely slow economic growth slightly but only temporarily and should be followed by a rebound by year's …

Economy

Qatar deflation deepens as real estate market weakens

DUBAI (Reuters) - Qatar’s consumer price deflation deepened in September as a downturn in the real estate market deepened because of economic sanctions imposed by other Arab states, official data showed on Saturday.<p>Consumer prices fell 0.5 percent from a year earlier last month, after a 0.4 percent …

Real Estate

ECB still believes in eventual inflation, wage rise: Draghi

WASHINGTON (Reuters) - Wages and inflation in the 19-country euro zone will eventually rise but more slowly than earlier thought, requiring continued patience from policymakers, European Central Bank President Mario Draghi said on Saturday.<p>Wage growth has failed to respond to stimulus for a list of …

Economy

BoC's Poloz says Canada growth to slow down in second half

WASHINGTON (Reuters) - Canadian growth will slow down in the second half of 2017 as the economy starts to approach full capacity in the wake of a prolonged oil shock, Bank of Canada Governor Stephen Poloz said on Saturday.<p>Poloz also said that although the economy as a whole had bounced back, there …

Economy

Carstens sees only short-term impact on Mexico if NAFTA ends

(Reuters) - The end of the North American Free Trade Agreement (NAFTA) would be negative for Mexico, but would create a short-lived downturn, the country's outgoing central bank chief said on Saturday.<p>In a question-and-answer session in Washington on the sidelines of the International Monetary …

Economy