Global Economics & Investing

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

China Holdings of U.S. Treasuries Rise Amid Buildup in Reserves

China’s holdings of U.S. Treasuries rose in October as the world’s second-biggest economy rebuilds its currency reserves.<p>China’s holdings of U.S. …

Economy

Empire State Manufacturing Survey: Continued Growth In December

<i>By Jill Mislinski</i><p>This morning, we got the latest Empire State Manufacturing Survey. The diffusion index for General Business Conditions at 18.0 was a …

Economy

The Latest: Rubio a 'yes' on GOP tax bill in major boost

WASHINGTON (AP) — The Latest on Republican tax overhaul legislation (all times local):<p>2:32 p.m.<p>Republican Sen. Marco Rubio will vote for his party's $1.5 trillion tax bill. That gives a major boost to the prospects that GOP leaders will be able to push their prized measure through Congress next …

U.S. Congress

Tech companies lead US stocks higher as tax plan advances

Wall Street capped the week with broad gains, propelling the major stock indexes to a new set of milestones Friday.<p>Investors welcomed signs that Congressional Republicans were solidifying support for a major overhaul of the nation's tax laws ahead of an expected vote next week.<p>Technology stocks led …

Markets

Venezuela default more likely on sovereign bonds than PDVSA's: bondholders

NEW YORK (Reuters) - Venezuela is more likely to default on its sovereign bonds than on those of state-run oil company PDVSA given how essential the latter's cash flow is to the country's fortunes, bondholders and legal experts have said.<p>Both asset classes cratered last month after President …

Venezuela

Take Five: World markets themes for the week ahead

LONDON (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.<p>1/BOJ JOB<p>The Bank of Japan holds the last of this year's major central bank meetings next week.<p>Japan's economy is now into its best period …

Economy

US stocks move broadly higher in afternoon trading

U.S. stocks moved broadly higher in afternoon trading Friday, erasing modest losses from the day before and placing the major indexes on course for new highs. Technology companies, banks and health care stocks were among the biggest gainers. Investors were encouraged by signs that the …

Markets

The Global Economy Is Partying Like It’s 2008

In late 2008, at a meeting with academics at the London School of Economics, Queen Elizabeth II asked why no one seemed to have anticipated the world’s worst financial crisis in the postwar period. The so-called Great Recession, which had begun in late 2008 and would run until mid-2009, was set off …

Economy

Japan's big manufacturers' mood hits 11-year high: tankan

TOKYO (Reuters) - Big Japanese manufacturers' business confidence improved for a fifth straight quarter in the three months to December to hit a 11-year high, a central bank survey showed, a sign the economy is gathering momentum from robust exports and booming corporate profits.<p>The data may help …

Economy

Asia stocks edge higher after Fed meeting; dollar, U.S. yields sag

TOKYO (Reuters) - Asian stocks edged higher on Thursday after the Federal Reserve delivered a much-anticipated interest rate hike but flagged caution …

Economy

Japan to cut new government bond issuance for 8th straight year - Nikkei

TOKYO (Reuters) - Japan's government is expected to cut new bond issuance for fiscal 2018 from the previous year thanks to economic recovery pushing …

Economy

Bank of England's Brexit views in focus as rates set to stay on hold

LONDON (Reuters) - The Bank of England's views on Brexit will be scrutinized by investors on Thursday when the central bank announces its first …

Economy

Mexico sees possible EU trade deal as NAFTA talks drag on

BUENOS AIRES (Reuters) - Mexico and the European Union could reach a framework for a trade deal by the end of the year, though differences remain over agricultural market access, Mexican Economy Minister Ildefonso Guajardo said on Wednesday.<p>The two sides are currently in technical meetings and …

Globalization

Flat U.S. yield curve not signaling recession risk: Yellen

NEW YORK (Reuters) - For all those market mavens out there fretting about the relentless flattening of the U.S. Treasury yield curve, Federal Reserve Chair Janet Yellen has a message for you: Get over it.<p>In response to her final question at her final press conference on Wednesday, after nearly four …

Economy

Hong Kong's central bank raises base rate 25 basis points after Fed hike

HONG KONG (Reuters) - The Hong Kong Monetary Authority raised the base rate charged through its overnight discount window by 25 basis points on Thursday to 1.75 percent.<p>The move from Hong Kong's de facto central bank followed the Federal Reserve's decision to raise interest rates by a quarter of a …

Economy

Fed Raises Interest Rates Again As Economy Rolls On

For the third time this year and the fifth time since the financial crisis, the Federal Reserve has increased interest rates another quarter of a point.<p>Fed policymakers announced an increase in the benchmark federal funds rate to a range of 1.25 percent to 1.5 percent, the third increase in the key …

Economy

Treasuries Rise, Dollar Falls on Fed's Outlook: Markets Wrap

A more tempered view on growth and inflation from the Federal Reserve pushed Treasury yields and the dollar lower as a dovish tone emanated from …

Economy

South Korea to prepare for market impact of Fed interest rate hikes

SEOUL (Reuters) - South Korea's vice finance minister said on Thursday the government will prepare for the possible effects of the U.S. Federal Reserve's interest rate increases on markets, although there was little impact from the latest rate hike overnight.<p>Vice minister Ko Hyoung-kwon added the …

Economy

Steady as she goes: ECB to keep money taps wide open

FRANKFURT (Reuters) - The European Central Bank is likely to bump up some of its economic forecasts on Thursday and may debate tweaking its pledge to keep money at its current, ultra-easy level, but will ultimately reaffirm is policy stance.<p>Meeting just six weeks after agreeing to halve asset buys, …

Economy

Wall Street sees repeat of three U.S. rate hikes in 2018: poll

(Reuters) - Wall Street’s top banks expect the Federal Reserve to raise U.S. interest rates three times in 2018, matching the number of rate hikes this year and the central bank's own outlook, as policy-makers turned more upbeat on economic growth and the jobs market.<p>Still, stubbornly low inflation …

Economy

WTO summit ends without substantial deals after US criticism

BUENOS AIRES, Argentina – A World Trade Organization conference dampened from the start by criticism from the United States has ended without any substantial agreements.<p>The ministerial-level meeting that wrapped up Wednesday in Argentina's capital addressed trade issues involving food and …

Robert Lighthizer

EU, US, Japan agree to cooperate to end excess factory capacity

WASHINGTON, Dec 12 (Reuters) - The United States, European Union and Japan said on Tuesday they agreed to cooperation in the World Trade Organization …

China

Asia Stocks Face Mixed Start, Await Central Banks: Markets Wrap

The dollar climbed with Treasury yields and U.S. equities posted fresh all-time highs after a higher than forecast U.S. inflation print, with …

Economy

Public pension funded ratio up in third quarter 2017: report

NEW YORK (Reuters) - The funded status of 100 of the largest U.S. public pension plans grew by $36 billion in third quarter of 2017, boosted by strong equity returns, according to a report released on Tuesday by consulting services company Milliman.<p>The funded ratio of the plans climbed to 71.6 …

Economy

Japan to keep record-low interest rates in FY2018 budget draft: sources

TOKYO (Reuters) - Japan's government is set to keep an assumed interest rate at a record low of 1.1 percent as it compiles the budget for the next fiscal year starting in April, which will keep its borrowing costs low, government sources told Reuters on Wednesday.<p>The assumed interest rate hit a …

Economy

Japan's machinery orders jump 5 percent in October

TOKYO (Reuters) - Japanese machinery orders rose more than expected in October, the Cabinet Office said on Wednesday, rebounding after a big fall in the prior month in a sign capital spending will remain resilient.<p>Core machinery orders, a volatile data series regarded as an indicator of capital …

Economy

Market Sees Two Fed Hikes in 2018 for First Time in Nine Months

(Bloomberg) -- On the eve of Janet Yellen’s second-last Federal Open Market Committee meeting as chair of the U.S. central bank, before handing over …

Economy

EU to agree extending economic sanctions on Russia until mid-2018

BRUSSELS (Reuters) - European Union leaders will agree on Thursday to prolong for another six months the bloc's economic sanctions on Russia, imposed …

Russia

US broadside leaves WTO meeting in tatters

At the current meeting of the World Trade Organization, the top US trade representative has launched a broadside at the trade body's 164 members, …

Brexit