Global Indices & Market News
Global stock market review
The Nikkei 225 index rose 4.28 percent last week, however, U.S. S & P 500 Index and Hong Kong's Hang Seng Index fell 2.11% and 3.37% respectively.
Fed increased the expectation of GDP growth, and decreased the expectation of jobless rate
Federal Reserve announced the expectation of 2014 GDP growth will be 3.0% to 3.5%, and the 2014 unemployment rate was expected to fall to 6.5% -6.8%. This is a critical point to start raising interest rates. However, most Fed officials expect to raise interest rates at the beginning of 2015.
U.S. initial weekly unemployment benefits claimants increased
Last Thursday, U.S. Labor Department announced that the initial weekly unemployment benefits claimants increased by 1.8 million to 35.4 million.
German economies will gradually recover in the second quarter
German Ministry of Finance announced that data of second-quarter economic indicators showed German economy gradually recovered, economy growth will be improved in second-half year. According to IFO business climate survey, Markit manufacturing purchasing managers' index and other indicators, Ministry of Finance said that the second quarter industrial growth is better, so temporary weakness in German industry is expected to gradually overcome.
Japan May export growth better than expectation
Last Wednesday Japan's Finance Ministry announced that Japan's exports in May grew by 10.1% compared to last year, which exceeded market expectations.
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