The RBA kept interest rates steady at a record low 2.0 percent, in line with expectations, but the Australian dollar still pushed higher.» Read More
WASHINGTON, June 1- U.S. consumer spending unexpectedly stalled in April as households cut back on purchases of automobiles and continued to boost savings, suggesting the economy was struggling to gain momentum early in the second quarter. We need to see more of a rebound in growth before the Fed pulls the trigger on interest rates, "said Diane Swonk, chief...
CNBC's Steve Liesman reports on statements made by Federal Reserve Vice Chairman Stanley Fischer.
CNBC's Rick Santelli discusses bond prices and yields, after first quarter GDP was revised lower.
TOKYO— Japanese data on Friday showed a mixed outlook for the world's third-largest economy while a renewed decline in the value of the yen is adding to uncertainty over whether the recovery is gaining ground. By some measures, Japan's economy is on the upswing as share prices surge thanks to exporters profiting from the weak yen. Japan's jobless rate dropped to...
Apart from improvements in the economy, a global appreciation of stock markets also supported the benchmark Nikkei 225, says Takuji Okubo, principal & chief economist at Japan Macro Advisors.
Japan data painted a divergent picture, with industrial production and inflation beating forecasts, but consumers kept their wallets shut despite a better jobs picture.
Kathy Matsui, MD & Chief Japan Strategist at Goldman Sachs Japan, says it is crucial for Japanese corporates to release excess cash into the real economy via capex or wage hikes.
Kathy Matsui, MD & Chief Japan Strategist at Goldman Sachs Japan, explains why she remains upbeat about higher wages and real income growth in Japan over the coming months.
CNBC's Rick Santelli discusses bond prices and yields ahead of first quarter GDP revisions coming Friday.
Patrick Chovanec, chief strategist at Silvercrest Asset Management, says there is a danger of competitive devaluation between Europe and Japan and adds that Japan needs to roll out more comprehensive reforms.
Riad Younes, co-founder of R Squared Capital Management, says improvements in corporate governance are driving Japan's equity market and discusses the effect of a weak yen.
Haruhiko Kuroda, Governor of the Bank of Japan, says factors such as a possible "significant wage increase" put the central bank on track to achieve 2 percent inflation.
Haruhiko Kuroda, Governor of the Bank of Japan, says the movements of the Japanese yen are in line with economic fundamentals.
Ben Pace, HPM Partners, discusses his take on the latest action in the markets.
CNBC's Rick Santelli discusses bond prices and yields, and the action in Greece.
OTTAWA, May 27- The Bank of Canada held its key interest rate at 0.75 percent on Wednesday, largely shrugging off a weak U.S. economy in the first quarter, and said solid U.S. growth this quarter should help Canadian exports and business investment. The market had widely expected bank Governor Stephen Poloz to keep the benchmark rate steady, but some analysts had...
Steven Rees, JPMorgan, and Neil Dutta, Renaissance Macro Research, discuss momentum in the U.S. economy and forecast the Fed's next move.
BEIJING, May 27- China's central bank warned of deflationary pressure in the world's second-largest economy on Wednesday as it forecast subdued consumer prices for the year and a challenging growth outlook. But the People's Bank of China also tried to allay concerns about China's stuttering economy, saying it can expand around 7 percent this year, in line with...
The Bank of Japan's decision makers remained concerned their 2 percent inflation goal would be difficult to keep, meeting minutes show.
CNBC's Rick Santelli discusses bond prices and yields.