Global Indices & Markets News
Global Equity Markets Review
The major market indices retreated last week. U.S.’s S&P 500 Stock Index dropped 1.01 percent, Hong Kong Hang Seng Index fell 3.07 percent.
U.S. Labor Market and Manufacturing Sector
U.S. employers created an anemic number of new jobs in March -- 88,000 -- the weakest job gain in nine months and less than half of what economists had expected. The ISM manufacturing index unexpectedly fell to 51.3 in March.
Stabilized of China’s economic growth
China's official purchasing managers index for March came in at 50.9, the highest in 11 months, from February's five-month low of 50.1. New orders at Chinese factories, meanwhile, rose sharply.
ECB may Cut Rate soon
European Central Bank President Mario Draghi opened the door to an interest rate cut as soon as next month.
BOE took No Action
The Bank of England decided not to pump fresh money into its stagnant economy , despite a new remit that gives it more leeway to disregard above-target inflation.
QE from BOJ
New Governor Haruhiko Kuroda committed the BOJ to open-ended asset buying and said the monetary base would nearly double to 270 trillion yen ($2.8 trillion) by the end of 2014 to end two decades of stagnation.
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