So the Bank of England cut growth forecasts by the most ever and announced a large stimulus, as policy makers unveiled a stimulus package aimed at containing the fallout from the U.K.’s secession vote.
Today, our friends at the RBA meet to decide whether to cut official interest rates…. Over 70% of economists surveyed suggest that they will cut interest rates.We tend to agree… With inflation sitting near record lows and consumer & business confidence not improving, the RBA will cut interest rates today by 25bp
Good Morning, “A pinch and a punch”… yes, it’s the first day of the month… and boy, do we have a busy month ahead. So July was a very good month for equities…Brexit… what Brexit? A potential “hung-parliament”… who cares…. Japanese stimulus that failed to stimulate growth and a Chinese market rippled by debt….
U.S. stocks extended gains at an all-time high (Dow +134 points), amid corporate results that pointed to resilience in the global economy, while Treasuries slid with the yen as speculation central banks will add to stimulus sapped demand for havens.