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.
World economy
Jackson Hole: Draghi and Yellen warn the US against scrapping financial rules
In Jackson Hole, the FED and ECB Chairs have voiced concern about US plans to unravel the Dodd-Frank financial regulation act, thus undermining overall stability.
Survey Finds China Data Don’t Show Full Picture of Overseas Shopping Spree
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.
China: Regulator Steps Up to Curb Improper Bank Sales Practices
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.
Will Trump set his house on fire?
The US Congress used to bully the White House by threatening to put a lid on public expenditure, forcing the administration to face failure. Mr Trump has turned the rules of the game upside down by menacing that he will do this should Congress fail to fund the Mexican wall.
The Billion-Dollar Problem in India
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.
European utilities see a revival; US solar eclipse shows growth in clean energy
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.
Secular stagnation rears its head once again; the global economy is not yet back to normal after the crisis
The global economy is not yet back to normal after the crisis. The real figures continue to show that Larry Summers and his “Secular Stagnation” hypothesis are right. We are not strong. And every time we want to break the pessimism, the indicators are weak.
Stock markets become immunised to recurring terrorist attacks
Jaume Puig (Managing Director GVC Gaesco Gestión) | Recurring terrorist attacks end up making the markets immune to them, so that is one good reason to buy stocks now in August after the tragic events in Barcelona.
Jackson Hole: Yellen could provide clues on monetary policy; Draghi seen keeping low profile
US Fed chair Janet Yellen and ECB President Mario Draghi will both be speaking at the Jackson Hole conference later this week. They will be under close scrutiny from investors for any clues on future monetary policy decisions. Analysts believe the Fed should matter more than the ECB at this week’s event.