Meanwhile, there also is a full plate of
economic news this week, but all of that, and the latest rise in oil quotations following the agreement between OPEC and non-OPEC oil members on production cutbacks, probably will take a backseat to the Fed.
But there was another piece of
economic news this week that was much more significant.
Well, watching
the economic news this week, there's been no shortage of doors crashing towards our battered politicians.
Major
economic news this week centered around the steady rise of mortgage rates, the anticipated Fed decision and retail sales.
Not exact matches
Yet in the intervening
weeks, stocks have been gyrating wildly and have featured near - constant quicksilver rallies and sell - offs that reflect indecision and extreme sensitivity to policy and
economic news.
The fact that the bond market retreated during the first
week of the year on «old»
news and in the second
week on very little new
economic news, though Wednesday saw softer JOLTS (where job openings slid to a six - month low) and Import Price data barely rising at all, is revealing.
Last
week's
news that
economic growth slowed in the first quarter supports the tame - inflation narrative.
This
week's chart shows the new BlackRock Macro GPS
economic indicator and the good
news it implies about...
... positive
economic news will start to overpower the stock market in the upcoming
weeks.
... there should be more good
economic news in the upcoming
weeks.
Specifically, the FOMC is opting to retain its easy monetary policies, but undertake no new initiatives at this time, Perhaps the Fed went this more conservative route in view of the somewhat better
news out on the
economic front over the past few
weeks, notably the generally improving housing metrics, the pickup in June's personal income, and the surprising uptick in the Conference Board's Consumer Confidence Index for July issued yesterday.
On our politics podcast this
week: worsening
economic news, doctor - assisted suicide, and federal - provincial health talks.
Pressure mounted on rates, though, as a series of positive
economic news reports emerged in the
weeks ahead of the election.
A combination of bad
economic news from Germany, hawkish comments from key Federal Reserve committee members that appeared to contravene Janet Yellen's doctrine, and the continued bullish endeavours of the markets ensured that the dollar started this
week in a very similar position to last, as demonstrated by the chart (from IG's global forex trading system) that shows AUD, GBP and EUR retracing gains made on Wednesday October 8 by Sunday 12..
Plenty of interesting
economic and earnings
news items on tap for the next couple of
weeks.
In New York state government
news, legislators in Albany are taking a
week off ahead of difficult budget decisions, and Republicans in the Senate are calling for the elimination of one of Democratic Gov. Andrew Cuomo's signature
economic development programs.
News this
week of New York Governor Andrew Cuomo's Upstate Revitalization Plan — a competition among seven upstate regions for $ 1.5 billion in
economic development, with three ultimate $ 500 million winners — has Utica - area Assemblyman Anthony Brindisi cautiously optimistic.
The June Political Monitor shows mixed
news on the relative
economic credibility of the parties following last
week's speeches by Ed Miliband and Ed Balls.
Weeks later, when
news leaked that the federal investigation into the state's
economic development contracts had come to center on Mr. Howe and Mr. Kaloyeros, Mr. Kennedy's instructions ceased to inspire much confidence.
News of the plan broke last
week in a report on 45 local projects that have been recommended to receive state grants and tax credits by the Central New York Regional
Economic Development Council.
The Buffalo
News defends ESDC Chair Howard Zemsky and says the bipartisan legislative grilling he received last
week in Albany over the Cuomo administration's
economic development programs was «more than a little bizarre.»
Last
week Nigerians heard gloomy
economic news from a most unlikely quarter.
This is the second article in three
weeks that criticized people with six pack abs (the other being a Natural
News article written by Mike Adams on Oct. 14 dealing with the coming
economic collapse).
News breaks down the
week's most notable
economic developments.
Today's Japanese Nintendo eShop
news: Nintendo eShop pre-paid cards available at BitCash, Puzzle & Dragons X Free 2 Play game, DLC, and manga, screenshots for World End
Economic Episode 2, Lionel City Builder 3D: Rise of the Rails releasing in Japan next
week, and a sale for several Cosen titles!
Governor Malloy and Education Commissioner Stefan Pryor's education reform and
economic development strategy came into greater focus this
week with
news that a few months ago Stefan Pryor continued his un-ending effort to divert scarce taxpayer funds to consultants.
The research comes out of the Royal
Economic Society and will be presented this
week, according to Education
News.
Mass production of a 4.7 - inch successor to the wildly popular iPhone 5 series of smartphones will begin during the third
week of July, Taiwan's
Economic Daily
News said, without citing sources.
This
week's chart shows the new BlackRock Macro GPS
economic indicator and the good
news it implies about...
The 10 - year Treasury fell all the way to 2.3 % last
week on a string of bad geopolitical
news and mixed
economic data.
This
week there is a full slate of
economic news that will drive mortgage rates.
After noting insiders» bullish behavior, Moreland writes: «While we hardly think it's «all good» on the
economic front in the U.S., the price action of numerous indices have become increasingly constructive in recent
weeks, despite poor earnings and
economic news.
ShareThis
week there is a full slate of
economic news that will drive mortgage rates.
Last
week was quiet for
economic news.
Higher Treasury yields, driven by rising commodity prices, more Treasury issuances and the steady stream of solid
economic news, are behind the uptick in rates over the past
week.
ASHI's Industry
News — Your Weekly Update of Trends of Interest to Home Inspectors Each week you receive this email reporting of the latest trends in the housing market, consumer preferences, and world and national economic developments — selected from well - known news sour
News — Your Weekly Update of Trends of Interest to Home Inspectors Each
week you receive this email reporting of the latest trends in the housing market, consumer preferences, and world and national
economic developments — selected from well - known
news sour
news sources.
, Irish Times, October 23 Louise Jury, «Now they're REALLY taking the p ***: urinating model is shortlisted for Turner Prize», London Evening Standard, October 22 Aidan Dunne, «Derry courts controvery as Turner Prize opens offshore for first time», Irish Times, October 22 «Turner Prize exhibition due to open in Londonderrry», BBC
news, October 22 «Turner Prize Exhibition Unveiled In Derry For City of Culture 2013», Artlyst.com, October 22 Ashoke Nag, «Christie's London evening auctions of post-war classics and Italian sales raises 54,586,900 euros», The
Economic Times, October 22 Ashoke Nag, «Collectors from around the world gathers at Sotheby's Frieze
Week sale in London», The Economic Times, October 18 Anny Shaw, «The Kids are alright», The Art Newspaper, October 18 Mary M. Lane, «Christie's Sells View of a Space Station for $ 3.8 Million», The Wall Street Journal, October 18 «The ArtLyst Power 100: 2013 Alternative Art Power List Unveiled», Artlyst.com, October 16 «Chistie's Art Cornucopia: Auction Houses as Exhibition Spaces», Huffington Post, October 13 Colin Gleadell, «London auctions capitalise on Frieze week», The Telegraph, October 8 «The Power 1000 — London's most influential people 2013: Imagineers, Artists and Curators», London Evening Standard, September 19 «Slideshow: See Massimiliano Gioni's Encyclopaedic Palace in 20 Key Works», Blouin Artinfo, August 1 «John Moores Painting Prize 2013 new open for entries», a-n, July 25 «Lynette Yiadom - Boakye», ART post blog, July 16 «Tate Patrons Report 2012 - 2013», Tate, London, pp. 16 - 17 James Hilton, «Who is Lynette Yiadom - Boakye?&ra
Week sale in London», The
Economic Times, October 18 Anny Shaw, «The Kids are alright», The Art Newspaper, October 18 Mary M. Lane, «Christie's Sells View of a Space Station for $ 3.8 Million», The Wall Street Journal, October 18 «The ArtLyst Power 100: 2013 Alternative Art Power List Unveiled», Artlyst.com, October 16 «Chistie's Art Cornucopia: Auction Houses as Exhibition Spaces», Huffington Post, October 13 Colin Gleadell, «London auctions capitalise on Frieze
week», The Telegraph, October 8 «The Power 1000 — London's most influential people 2013: Imagineers, Artists and Curators», London Evening Standard, September 19 «Slideshow: See Massimiliano Gioni's Encyclopaedic Palace in 20 Key Works», Blouin Artinfo, August 1 «John Moores Painting Prize 2013 new open for entries», a-n, July 25 «Lynette Yiadom - Boakye», ART post blog, July 16 «Tate Patrons Report 2012 - 2013», Tate, London, pp. 16 - 17 James Hilton, «Who is Lynette Yiadom - Boakye?&ra
week», The Telegraph, October 8 «The Power 1000 — London's most influential people 2013: Imagineers, Artists and Curators», London Evening Standard, September 19 «Slideshow: See Massimiliano Gioni's Encyclopaedic Palace in 20 Key Works», Blouin Artinfo, August 1 «John Moores Painting Prize 2013 new open for entries», a-n, July 25 «Lynette Yiadom - Boakye», ART post blog, July 16 «Tate Patrons Report 2012 - 2013», Tate, London, pp. 16 - 17 James Hilton, «Who is Lynette Yiadom - Boakye?»
Sources for this report include: AAP Information Services; Alexander's Oil and Gas Connections; Asia Pulse; Australian Petroleum Production and Exploration Association Ltd.; Australian Financial Review; Coal
Week International; Dow Jones
News wire service; DRI - WEFA Asia
Economic Outlook; Economist Intelligence Unit ViewsWire; Financial Times; Gas - to - Liquids
News; Hart's Asian Petroleum
News; Oil and Gas Journal; Petroleum Intelligence Weekly; Platt's International Coal Report; The Times (London); U.S. Commerce Department, International Trade Administration — Country Commercial Guides; U.S. Energy Information Administration; World Markets Energy.
In a
week when we heard the sad
news that «the queen of prefab design and marketing» Michelle Kaufman is closing her business's doors due to difficulties posed by the
economic downturn, TH Blog Love scours the blogosphere for positive green architecture stories and thankfully we weren't disappointed!
And here's some of the good
news that's come out since the financing approval at the start of last
week via the
Economic Times:
Following this
week's
news that Qatar has been cut off from several gulf nations, and all diplomatic ties, travel links and
economic markets have been stripped, the UAE Attorney - General has warned that showing any sympathy for Qatar, whether by social media or any other means, is now punishable by...
With so much depressing
economic news, we thought we'd leave you with a roundup of uplifting holiday stories before signing off for the
week.
Although there have been a few glimmers of hope in recent
economic news, including an increase in mortgage applications, an increase in retail sales, some positive cash flows and even profits by some of the larger banks, more clarity from the President about his stimulus package, and a rise in the stock market over the past
week, so far nothing has turned positive for the trucking industry, and other than seasonal increases coming into the spring, likely won't for some time.
This
week there were a couple of advances internationally on Bitcoin regulations, as
news of the Bitcoin price surged; although no one knows for sure on why the price spiked, some speculate it has to do with Greece's
economic turmoil.
News broke last
week that Donald Trump responded to the prospect of the
economic collapse of 2007 by saying: I sort of hope that happens because then people like me would go in and buy.
Rosenblatt Securities analyst Jun Zhang said as much in a note last
week, which the report from
Economic Daily
News happens to mention.
In the Bitcoin
news today — Venezuelan authorities are cracking down on Bitcoin mining facilities and are focused on «weakening» these mining operations within the region; Ethereum at a crossroad as corporate interest grows; Last
week at the World
Economic Forum 2017 Annual Meeting in Davos, Switzerland, the technology firm Bitfury announced the formation of the Global Blockchain Business Council (GBBC); Cryptoseed Adds Security to Your Bitcoin Recovery Seed; Paxful has unleashed their new «Bitcoin Kiosk» widget allowing anyone to buy bitcoin in 300 different ways; A working group within the US central bank believes digital currencies and distributed ledgers could come to have a significant impact on how its citizens and businesses conduct payments — 60 page report.
About Blog - Asia - focused English - language publication that brings you insights about business, finance,
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About Blog At LightNOW, lighting industry journalist, analyst and marketing consultant Craig DiLouie blogs about the latest lighting industry, technology and
economic news Frequency about 5 posts per
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Local, political, sports,
economic, technical and entertainment
news from the UAE, the Arab world and the world Frequency - about 168 posts per
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