CNBC's Rick Santelli discusses bond prices and yields.» Read More
Gary Dugan CIO, Asia & Middle East at Coutts warns that global markets may be in a bubble as revenue growth is still below par while there are some opportunities in the EMs.
*Yellen expected to win Senate confirmation. WASHINGTON, Nov 14- Fed Vice Chair Janet Yellen on Thursday robustly defended the Federal Reserve's bold steps to spur economic growth, calling efforts to boost hiring an "imperative" at a hearing into her nomination to become the first woman to lead the U.S. central bank.
*Trade deficit widens to $41.8 billion in September. "The reports reveal a slightly weaker path than we expected for exports and claims levels, which has modestly downgraded the outlook for the economy," said Mike Englund, chief economist at Action Economics in Boulder, Colorado.
*Yellen expected to win Senate confirmation. WASHINGTON, Nov 14- Janet Yellen on Thursday robustly defended the Federal Reserve's bold steps to spur economic growth, calling efforts to boost hiring an "imperative" at a hearing into her nomination to become the first woman to lead the U.S. central bank.
Fed Chair nominee Janet Yellen discusses the importance of the Fed to detect asset bubbles as they're forming. "I would not rule out monetary policy to address asset price misalignments," she says.
Fed Chair nominee Janet Yellen says her staff is monitoring the risks to the bond-buying program, and "does not see the program continuing indefinitely."
Fed Chair nominee Janet Yellen addresses the dangers to ending bond purchases too early. "It will be important that we do withdraw accommodation when the time has come," she says.
Fed Chair nominee Janet Yellen answers to how well she will improve the prospects for unemployment. "We know long spells of unemployment are particularly painful for households," she says.
Fed Chair nominee Janet Yellen testifies before the Senate Banking Committee. In this opening statement, she addresses the challenges the Fed faced during the economic crisis, and what further progress needs to be made.
The only way the Fed can get out of QE is to achieve "high endurable growth," Pimco's Mohamed El-Erian says.
Janet Yellen's GOP critics want the dovish Fed vice chair to give them a sign that extraordinary monetary measures won't go on forever, said a former Fed economist.
*Turkey has to attract some $225 billion to fund short-term debt. ISTANBUL, Nov 14- Turks are hoarding dollars and shunning their own currency as confidence in it dwindles, undermined by high inflation, a cloudy political outlook and fears of an exodus of foreign investors.
Greg Ip, U.S. economics editor at The Economist, tells CNBC that Yellen's statement reveals she wishes to "maintain continuity and status quo".
Jesper Koll, managing director & Head of Japanese Equity Research at JPMorgan Securities Japan points to factors signaling an end of deflation in Japan.
LONDON, Nov 13- The Bank of England slashed its unemployment forecast on Wednesday but said an early fall in the jobless rate would not trigger interest rate hikes, leaving analysts confused over its new centrepiece policy of forward guidance.
Larry Summers also said the Federal Reserve should concentrate on pushing the economy to expand.
Mark Carney, governor at the Bank of England, states that the Bank now expects the inflation target to be reached a year earlier than previously forecast and for the unemployment rate threshold to be hit by the end of 2015.
Stephen Gifford, director of economics at CBI, says that the optimism across several sectors and output growth shows that the UK economy is getting stronger.
*Core machinery orders -2.1 pct m/m vs f'cast -1.4 pct. TOKYO/ MATSUMOTO, Japan, Nov 13- Japan's core machinery orders fell more than expected and a central bank policymaker warned of headwinds from soft overseas growth, underscoring the challenges of sustaining an economic recovery generated by Prime Minister Shinzo Abe's stimulus policies.
LONDON, Nov 13- Bank of England Governor Mark Carney is likely to stress on Wednesday that he is in no rush to raise interest rates despite a marked brightening in Britain's economic outlook over the past three months.