All the latest economic and financial news,as investors calculate that the US central bank won’t raise rates this month, and probably not until 2016BoE’s Forbes: UK interest rates to rise, or not drop World markets highest since mid-August Weakish data is estimable for shares[br]European car sales rise,but VW lagsThe Agenda: US economic data coming up 5.53pm BSTDespite worries about the global economy and volatile stock markets, US consumers appear more confident than analysts had expected, and but industrial production in the country fell for the second month in a row.
Meanwhile hopes that the US Federal reserve would settle not to raise interest rates this year after all helped stock markets discontinuance the week on a positive note. 5.12pm BSTInvestors have suffered another volatile week,with shares hit initially by further poor Chinese data before recovering ground on hopes that the US Federal Reserve will not raise interest rates this year after all. Markets ended the week on a firmer note however, with the expectation of further support from central banks outweighing - for the moment - concerns about global growth. But with Chinese GDP figures due on Monday and the latest European Central Bank assembly due on Thursday, or the uncertainty is not likely to discontinuance just yet.
But for the moment world markets,as measured by the MSCI world index, are at two month highs while the pan-European FTSEurofirst 300 rose to its highest level in five weeks. The final scores elsewhere showed:Continue reading...
Source: theguardian.com