Saturday, April 5, 2014
Austerity budgets and public spending cuts are less critical to economic health as interest rates in the major advanced economies remain historically low, the International Monetary Fund said Thursday.
European stocks made modest gains Friday and Asian markets meandered as investors looked to the upcoming U.S. job report for a fresh trading cue.
The euro extended its losses in Asia on Friday after the head of the European Central Bank (ECB) signaled he was ready to aggressively loosen monetary policy as the eurozone faces the threat of deflation.
Oil prices climbed Friday ahead of a monthly U.S. jobs report that is expected to show a pickup in hiring.
Gold prices are settling lower as more signs of growth in the U.S. economy draw traders away from precious metals.
Friday, April 4, 2014
The European Central Bank is determined to maintain eurozone easy-money policies and will take rapid action if needed, bank president Mario Draghi said on Thursday after the bank held rates low.
Eighteen countries, including five of the world's leading arms exporters, ratified a landmark treaty regulating the multibillion-dollar global arms trade on Wednesday.
The head of the International Monetary Fund warned Wednesday that leading nations need to embrace bold policy steps to accelerate a still-modest and fragile global economic recovery.
World food prices reached their highest level for 10 months in March due to poor weather in major producing countries and the crisis in Ukraine, a top grain exporter, the United Nations food agency said on Thursday.
World stock markets were mostly higher Thursday as investors took heart from new stimulus in China and evidence of stronger U.S. hiring.