Japanese shares are enduring a tsunami of their own as investors pull money out of a market that is becoming more and more unstable by the day. The Nikkei 225 Index plunged 10.6%. In Hong Kong the Hang Seng Index slid 2.9% and …
The Bank of England left interest rates at 0.5% for the 20th month in a row and maintained its asset-buying program unchanged, Reuters reported.
The interest rate decision was widely expected by economists. Still, mixed economic data and a divided policy-making board mean that the future is uncertain for the asset-buying program.
The U.K economy posted growth of 1.2% in the second…
Continue reading Bank of England Leaves Interest Rates, Asset Buying Unchanged
Bank of England Leaves Interest Rates, Asset Buying Unchanged originally appeared on DailyFinance on Thu, 07 Oct 2010 07:45:00.
Recent reports show that several banks have begun advising their wealthiest individual clients to put as much as 10% of their assets into the precious metal. And some are stocking up by the ton.
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Japanese stocks rallied Tuesday after the Bank of Japan announced it would slash its benchmark interest rate to near zero in an effort to revive its sluggish economy.
Continue reading Nikkei Rises and Yen Falls…
In Asia Friday Hong Kong’s Hang Seng advanced 0.3% to 22,119 and Japan’s Nikkei 225 fell 1% to end the day at 9,472 after yesterday’s vacation. Traders in Shanghai were still on holiday.
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