Global Indices & Market News
Global Equity Markets Review
Global Equity Markets generally rose last week. The S&P 500 Stock Index climb up by 1.98%. Nikkei 225 index and Hong Kong’s Hang Seng Index rose by 3.92% and 1.30% respectively.
German inflation eases to 1.5% in August
German inflation rate eased to 1.5 percent in August, dropping from higher levels in previous months, according to German Federal Statistical Office (Destatis) last Wednesday. Destatis explained that the drop of inflation in Germany was mainly due to the slow price increase of energy.
Japanese manufacturer's optimism in Q3 reaches
Sentiment among large Japanese firms brightened in July-September, results of a survey by the Ministry of Finance showed Wednesday. The business sentiment index rose to 12 in July-September from 5.9 in April-June. Companies' expectations for the coming months were also firm, but less upbeat than in the current quarter. The outlook index for the October-December period was 9.8 and that for January-March 2014 scored 8.5.
UK unemployment rate drops to 7.7% in May - July
The rate of unemployment in the UK dropped to 7.7% between May and July from 7.8% in the previous three months. The number of people unemployed fell 24,000 in the period.
US weekly initial jobless claims fell 31,000 to 292,000
Jobless claims in the week ended 7 of Sep dropped 31,000 to 292,000, the Labor Department said Last Thursday.
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