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Markets await US GDP growth figures and Yellen speech – business live

Discussion in 'Market News' started by Lily, May 27, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    All the latest economic news, including the second estimate of America’s GDP, and a conversation with Fed chair Janet Yellen

    8.32am BST

    Japan’s stock market has gained ground today, following reports that prime minister Shinzo Abe is considering postponing one of his flagship policies.

    Abe dropped a broad hint earlier today that the planned hike in sales tax could be delayed.

    “We must reignite powerfully the engine of Abenomics. That undoubtedly would include a decision on what to do with the sales tax hike.”

    #Japan's Nikkei ends up 0.4% at 16834.84 on reports Abe will delay hike to sales tax. pic.twitter.com/vXm8ZMFDdv

    8.13am BST

    Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

    It’s Friday, and it’s a bit quiet. But there are still a few events coming up that might get the blood pumping.

    Yellen speaks at Harvard’s Radcliffe Day, where she will engage in “a conversation about her groundbreaking achievements.” The widespread expectation is, of course, that she will reiterate the more hawkish line taken by almost all recent Fed speakers.

    Related: G7 summit: Obama makes historic visit to Hiroshima – live

    Continue reading...

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