Tag Archives: stimulus
Fed stands by Herculean efforts to stimulate economy
Amid signs of a “spring slump” in the economy, the nation’s central bank decided to keep the pedal to the stimulus metal, leaving interest rates at historic lows to help spur demand from businesses, banks and shoppers.At the end of a regular, two-day meeting, the Federal Reserve Open Market Committee, which sets interest rate policy, said the economy has been expanding at a moderate pace. It also … Continue reading
Stocks sink as economic outlook dims; Dow off 138
NEW YORK (AP) — Signs of a slowing economy dragged down the stock market Wednesday. Even the prospect of continued stimulus from the Federal Reserve didn't help. Continue reading
Stocks sink on economic worries; Dow off 138
NEW YORK (AP) — Signs of a slowing economy dragged down the stock market Wednesday. Continue reading
ASIA MARKETS: Japan Stocks Soar As Yen Drops; Shanghai Slips
Japanese shares soared Monday, leading Asian markets by a wide margin, with the yen tumbling as investors interpreted a statement from the Group of 20 major economies Friday as offering the international community’s support for Tokyo’s monetary stimulus. Continue reading
Kuroda: BoJ Stimulus Not Aimed At Weakening Yen
TOKYO (dpa-AFX) – Bank of Japan Governor Haruhiko Kuroda on Thursday reiterated that the central bank’s stimulus program was not intended to weaken the yen. The central bank’s recent monetary easi… Continue reading
Wall Street gains 1 percent, lifted by gold, earnings and data
By Caroline Valetkevitch NEW YORK (Reuters) – Stocks jumped more than 1 percent on Tuesday, a day after their worst decline since November, as gold prices rebounded and earnings from Coca-Cola and Johnson & Johnson improved the outlook for first-quarter results. Inflation data, which reinforced expectations that the Federal Reserve will keep its stimulus plan in place, added to bullish sentiment. The price of gold jumped 1 percent after its record daily drop in dollar terms on Monday Continue reading
Record Wall Street lifts Asian shares
By Chikako Mogi TOKYO (Reuters) – Wall Street's record closing overnight and optimism about the Chinese economy underpinned Asian shares on Thursday while the yen marked time before testing fresh lows against major currencies as the Bank of Japan's bold stimulus moves continue to kick in. Chinese banks made 1.06 trillion yuan of new local currency loans in March, central bank data showed on Thursday, well above market expectations and adding to evidence of an economic recovery being fuelled by ample credit. .. Continue reading
Stocks Erase Gains in Late Trading
NEW YORK (TheStreet) — Major U.S. stock averages dived in the final hour of trading on Thursday, reversing day-long gains, as a lower-than-expected revision in fourth-quarter gross domestic product data offset better-than-anticipated Chicago business activity and jobless claims reports. The markets have largely continued to shrug off sequestration deadline concerns, with the Dow still hovering near its all-time closing high of 14,164 as monetary stimulus reassurances offset the fiscal drag. Continue reading →