Global Indices & Markets News
Global Equity Markets
The major equity markets moved lower this week. U.S. S&P 500 Stock Index retreated by 0.24 percent, Hong Kong Hang Seng Index fell 1.85 percent and Korea KOSPI Index dropped 1.90 percent. The indices finished lower as investors concern the negotiation over the bailout between Cyprus and EU.
U.S. Fed Meeting
The Fed ended a two-day meeting last Wednesday with a pledge to keep its aggressive policy stimulus despite improvements in the U.S. economy, pointing to still-high unemployment, fiscal headwinds out of Washington and risks from abroad.
Crisis of Cyprus
Cyprus agreed to the outlines of an international bailout, paving the way for 10 billion Euros ($13 billion) of emergency loans and eliminating the threat of default. Investors concern failure in negotiation would cause bank run and the crisis would spread to other parts of Europe.
Minute of BOE’s Meeting
The Bank of England is no closer to providing more support for Britain's stagnant economy with most members of its policy committee worried by the weakness of the pound, minutes of its March meeting showed last Wednesday.
Signal of Slowdown in Europe’s Economic
The euro zone's economic downturn has deepened this month - even before Cyprus's bailout debacle. The Eurozone Composite Purchasing Managers' Index fell to 46.5 in March from February's 47.9.
Confidence among Japanese manufacturers improved
Japanese exports fell in February from a year earlier, but confidence among Japanese manufacturers improved for the fourth consecutive month in a sign that the economy is slowly recovering from last year's recession.
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