Jackson Hole provides little in the way of monetary policy update
On the whole, the Jackson Hole symposium provided very little in the way of fresh indications on either the Fed or the ECB’s monetary policy, market experts say.
On the whole, the Jackson Hole symposium provided very little in the way of fresh indications on either the Fed or the ECB’s monetary policy, market experts say.
Pan Che via Caixin |CBRE, the world’s largest commercial real estate services firm by revenue, said China’s official data on outbound direct investment (ODI) does not fully capture the overseas shopping pattern of Chinese companies, particularly those with assets and lending facilities offshore.
Nick Ottens via Atlantic Sentinel |French president Emmanuel Macron has won support from the leaders of Austria, the Czech Republic and Slovakia for reform of the EU’s posted workers regime. The French president argues the rules must change to make Europeans feel the EU works for them.
Currently, even yields on European high-yield bonds are below equity dividend yields, making investment in stocks a better way of generating income. For US bonds, the focus is on the Fed’s planned balance sheet normalisation.
Carax Alphavalue |Santander has made a very strategic move with its recent acquisition of ailing lender Banco Popular, refocusing on its business in Spain as economic growth accelerates. And it’s stock market performance is reflecting this positive story.
Wu Xiaomeng and Leng Cheng via Caixin | Sales of investment products that involve bank staff and take place in banks premises must be recorded both visually and audibly, the China Banking Regulatory Commission (CBRC) said Wednesday.
Bestin Samuel via Fair Observer | While India teems with billionaires on one end, many are left counting pennies. The country has a glaring rich-poor divide.
Utilities in Europe have made a sudden stock market comeback since late July, after performing well in May, underpinned by strong Q1 earnings and some speculation about possible further consolidation in the industry. Q2 results have also been solid and fuelled earnings upgrades.
Nick Ottens via Atlantic Sentinel |It is impossible to appeal to progressive middle-class and nativist working-class voters at the same time. Social democrats across Europe are caught in the middle of a culture war. Ahead of next month’s elections, Germany’s Social Democrats have to pick a side.