Major Market Update Japan Prime Minister Shinzo Abe is running out of policy options to extend a rally that sent stocks to a six-year high, according to Goldman Sachs Group Inc. Vietnam Growth Worst Since 1980s Seen on Credit Crunch: Economy Three Federal Reserve presidents are calling for patience as the central bank weighs when to raise interest rates above zero, arguing moving too soon poses a greater risk to the economy than waiting too long. Prime Minister Narendra Modi today lays out his vision for a vibrant manufacturing sector in India, a narrative that helped him sweep to power. For businesses facing power shortages and a byzantine tax system, the follow-through can’t come soon enough. Federal Reserve Chair Janet Yellen says she wants investors to be prepared for the possibility that the Fed will raise interest rates sooner than they currently project. Her words are going unheeded. The euro dropped below $1.28 for the first time in 14 months after a report showed German business confidence fell more than forecast, fueling bets the European Central Bank will add further monetary stimulus. Indian rupee hits 1-week low on coal ruling, then recovers. Yen up on Shinzo Abes concern; record-breaking dollar run stalls.
Posted on: Thu, 25 Sep 2014 04:32:12 +0000