The greatest impact on real economic activity throughout Europe will come from fiscal measures rather than any more monetary stimulus, according to head of European equities at Fidelity International Paras Anand.
After years of economic stagnation, the gradual recovery in the eurozone is beginning to show signs of sustainability.
The US Federal Reserve will likely raise interest rates one or two times this year, according to Garth Taljard, the firm’s head of multi-asset products for Asia.
In an unexpected move, the Bank of England’s (BoE) entire nine-member rate setting committee voted to hold interest rates at 0.5%, and cut its GDP growth forecast.
Bank of England governor Mark Carney has delivered a speech indicating a first interest rate rise since the 2008 financial crisis is further off than many had thought.
Our view – and it is one we have stated many times – is that the issues facing the global economy are largely structural, not cyclical.
The past week has been one of stark contrasts for the two sides of the ‘special relationship’ in economic terms.
With the most anticipated interest rate decision of recent times imminent, it seems the Federal Reserve is firmly stuck between a rock and a hard place.
Bank of America Merrill Lynch has said it is retaining a ‘baseline forecast’ for the Federal Reserve to raise rates in September despite the recent stock market turmoil.
Europe is becoming the world’s ‘comeback kid’ in economic terms, according to chief strategist at Julius Baer Christian Gattiker.
As news of healthy numbers in the United States today hardens expectation that the Federal Reserve will raise rates next month or very soon after, investors may be thinking everything is just as heavily advertised.
The Bank of England monetary policy committee is getting more concerned about the possibility of inflation coming through into the British economy, minutes from the July meeting revealed today.
