Australian bond futures prices are slightly higher after the European Central Bank said it will expand its economic stimulus program. On Friday, ECB president Mario Draghi told a conference he was ready to increase its bond purchases "without any undue delay" and said he would use any means available to boost the region's struggling economy.
When a Muslim cleric told Ahmad Salim that sharia law forbids paying interest, he returned his days-old loan to the bank and turned to the fast-growing industry of Islamic finance. It is a market that has doubled in size over the past four years and is now worth more than $2 trillion , with demand forecast to soar to new heights.
Voters trust Republicans over Democrats to handle the economy.... However, Matt Egan wrote on Foxbusiness.com that "a history actually shows that the U.S. economy, stock prices and corporate profits have generated stronger growth under Democratic administrations than Republican ones. According to McGraw-Hill's S&P Capital IQ, the S&P 500 has rallied an average of 12.1% per year since 1901 when Democrats occupy the White House, compared with just 5.1% for the GOP."
The growing anticipation of any dovish sign from the central bank in its upcoming monetary policy review kept the foreign investors interest focused on Indian equities. Supportive global cues, expectations of improvement in growth rates and expectations of an early interest rate cut have kept foreign investor's clued to the Indian markets.
Michael A. Gayed, CFA, winner of the 2014 Dow Award , is chief investment strategist and co-portfolio manager at Pension Partners, LLC. , an investment advisor which manages mutual funds and separate accounts according to its ATAC strategies focused on inflation rotation. Prior to this role, Gayed served as a portfolio manager for a large international investment group, trading long/short investment ideas in an effort to capture excess returns.
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The Dow Jones industrial average and Standard & Poor's 500 index carved out all-time highs on Friday, extending the market's gains for the week. It was the third record close for the Dow in the week and the fourth for the S&P 500.
Stocks surged after after China's central bank cut its benchmark interest rate and its euro zone peer announced asset purchases in efforts to boost each region's economy. US stocks closed higher on Friday, with major indexes notching a fifth straight weekly advance after China's central bank cut its benchmark interest rate and its euro zone peer announced asset purchases in efforts to boost each region's economy.
A long-awaited bounce in the spot iron ore price did little to comfort investors today and the Australian sharemarket lost ground for the ninth session out of ten. Offshore markets reversed early weakness from dismal global manufacturing data last night but the S&P/ASX 200 index lost 11.9 points, or 0.22 per cent, to 5304.3 as miners failed to mount a rally and profit taking capped three of the major banks.