Global Indices & Market News
Global Equity Markets Review
Fed leaves US stimulus unchanged, led global Equity Markets rose last week. The S&P 500 Stock Index climb up by 1.30%. Nikkei 225 index and Hong Kong’s Hang Seng Index rose by 2.34% and 2.56% respectively.
U.S. industrial production rises 0.4% in August
Industrial output increased 0.4% in August, the Federal Reserve said last Monday. Capacity utilization edged up 0.2% to 77.8%. The gain matched economic forecast. U.S. industrial production rose in August as a bounce back in motor vehicle assembly lifted manufacturing output, a hopeful sign for the economy growth.
UK inflation rate fell, but house prices index rose in August
The Office for National Statistics said that UK inflation measured by the consumer prices index (CPI) fell to 2.7% from 2.8% in July. The drop was due to air fares, petrol and diesel, and clothing prices rising more slowly than in August 2012. However, house prices have reached a record high from another report; this could further exacerbate the concern of housing bubble.
Euro-zone exports fell in July
The European Union's statistics agency last Tuesday said that without a seasonal adjustment, the euro zone had a surplus in its goods trade of EUR18.2 billion euros up from EUR13.9 billion in July 2012. However, on a seasonally adjusted basis, exports fell 1.6% from June, while imports slid 0.1%.
Fed leaves US stimulus unchanged
The Federal Reserve left its $85 billion a month stimulus program in place last week. Fed officers cut their growth forecast for this year and next, and said they wanted to further gauge the economic impact of government spending cuts and a spike in interest rates in the past four months.
U.S. initial jobless claims near 6-year low
Initial Jobless claims in the week ended 14 of September dropped to 309,000, the Labor Department said Last Thursday. The number of U.S. workers filing for initial jobless benefits stayed near a six-year low.
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