improvements in the us economy boosts international markets
Last Updated : GMT 13:26:10
Arab Today, arab today
Arab Today, arab today

Improvements in the US economy boosts international markets

Arab Today, arab today

Arab Today, arab today Improvements in the US economy boosts international markets

Kuwait - KUNA

The U.S. economy gained traction in the midst of a post-crisis environment, leading the financial markets towards recovery, as better than expected economic indicators bloom markets with positive sentiment, and pushing global indices on to the green side, with the Dow Jones reaching record highs, said a local report on Sunday. The economy in the U.S. is in a growing phase, in which it created great momentum towards recovery. Better economic figures raised the question whether the Federal Reserve will alter its accommodative policy of quantitative easing, added the global financial report by National Bank of Kuwait, NBK. Moreover, sentiment on the Euro remained supported, after ECB President Draghi said monetary policy would remain firmly accommodative and added that confidence was returning to financial markets. In addition, the Bank of England have refrained from any further easing, while keeping the interest rate unchanged. To no one\'s surprise, the European Central Bank have kept the key benchmark interest rate unchanged at 0.75pct. The Euro regained ground across major currencies after the decision outcome of no immediate need for further easing. \"We always think and study and reflect, but we are not committing to or planning anything special,\" said Mario Draghi. \"Yes, we have discussed the possibility. We wouldn\'t pre-commit to anything as specific as a rate cut in the future\", the ECB President said over the possibility of an interest rate cut. Moreover, Draghi has stated that inflation has declined below 2pct in February as expected, and that inflationary pressures should remain contained over the coming months, while \"the underlying pace of monetary expansion continues to be subdued\", indicating that the ECB will continue with its accommodative monetary policy stance. The ECB President reiterated that the \"medium term risks for inflation remained balanced and that the positive impact from improving financial conditions on economic fundamentals may need time to materialize\". After dismissing comments over the existence of a \"currency war\", Mr. Draghi said on the matter \"that the exchange rate is not a policy target for the ECB. The nominal and real exchange rates are by, and large continue to be near their long term averages. The exchange rate is very important for growth and price stability. The central bank will stick with the G20 consensus\". The ECB President added that the central bank \"will continue to look at the exchange rate as part of the overall assessment of the current situation\". After some turbulence in the the markets following the Italian elections, Mr. Draghi stated that Italy \"should continue on the structural reform path\". The Bank of England policymakers left the key benchmark interest rate unchanged at 0.5pct. The Monetary Policy Committee, led by Governor Mervyn King, said the target for its bond purchases will remain at GBP 375 billion. Several economists have stated that an increase in the policy program is possibly delayed rather than totally abandoned, and that an expansion is foreseen in the next two to three months. Policy makers outvoted Governor Mervyn King for a second time, after February\'s meeting where he suggested to increase the Asset Purchase Program by GBP 25 billion, to GBP 400 billion, as they are keen on monitoring the impact of their Funding for Lending Scheme, which started in August, before approving anymore stimulus. On the price of gold, NBK said that it erased earlier losses after central banks in Europe and Asia left monetary policy unchanged, dimming some prospects for further stimulus measures. The precious metal traded between a low 1,567.48 and a high of 1,586.50 during the week. Gold ended the week at 1, 577.95.

arabstoday
arabstoday

GMT 03:39 2017 Friday ,24 November

European markets wobble amid US Thanksgiving holiday

GMT 22:09 2017 Thursday ,23 November

Bahrain Bourse daily trading performance

GMT 02:02 2017 Thursday ,23 November

Asian markets rally after Wall St lead, euro struggles

GMT 22:40 2017 Wednesday ,22 November

Bahrain Bourse daily trading performance

GMT 11:50 2017 Tuesday ,21 November

European stocks shrug off Germany's political woes

GMT 03:59 2017 Tuesday ,21 November

Weekly inflation decreases by 0.88%

GMT 23:50 2017 Monday ,20 November

Bahrain Bourse daily trading performance

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

improvements in the us economy boosts international markets improvements in the us economy boosts international markets

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

improvements in the us economy boosts international markets improvements in the us economy boosts international markets

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday