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Markets rally as investors see no early US rate hike - business live

Discussion in 'Market News' started by Lily, Oct 16, 2015.

  1. Lily

    Lily Forum Member

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    All the latest economic and financial news, as investors calculate that the US central bank won’t raise rates this month, and probably not until 2016

    7.50am BST

    There’s also talk in the markets that the Chinese government could announce fresh stimulus measures soon.

    Pressure on Beijing could grow on Monday, when Chinese GDP figures are released. Economists predict that growth slowed to 6.8% in the last quarter, down from 7% in Q2.

    7.43am BST

    Asia-Pacific stock markets have hit their highest level in two months, as traders in Tokyo, Shanghai and Melbourne anticipate that the era of ultra-low global interest rates isn’t over yet.

    Japan’s Nikkei jumped 1%, on hopes that the US Federal Reserve isn’t going to end the party this month. Other stock markets in the region are also showing gains:

    7.16am BST

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

    Today’s US industrial and manufacturing production data for September are expected to reinforce the disappointing narrative with declines in both of -0.3% and -0.2% respectively, both of which would be negative for the second month in succession.

    .... is hard to see how policymakers can arrive at a consensus for what would be a momentous decision of being the first rise in US rates for 9 years. No-one will want to be remembered for getting a call of that magnitude wrong.

    Our European opening calls: $FTSE 6386 up 47 $DAX 10150 up 85 $CAC 4714 up 39 $IBEX 10215 up 113 $MIB 22403 up 185

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