The US economy created more jobs than expected in February, while the unemployment rate remained unchanged, highlighting the ongoing improvement in the labour market. US non-farm payrolls increased by 242,000 last month, compared with economists' expectations for 195,000 new jobs, according to the Labor Department. Moreover, the previous two months' revisions were positive, adding a net 30,000 uncounted jobs.
Today the Spanish parliament will vote again on the candidacy of the minority centre-left coalition (Psoe, driven by leader Sanchez, and Ciudadanos). However, according to rumors, changes are not expected from the first vote that saw Sanchez in net minority and therefore new elections seem increasingly likely in June.
Gold posted steep declines on Friday (26 Feb.), falling as upbeat data from the US renewed optimism over the strength of the country’s economy and raised concerns that the Federal Reserve might return on the path of raising interest rates in 2016, driving the Dollar much higher.
Switzerland's economy unexpectedly accelerated, while exports showed signs of resilience in 2015, despite a strong Swiss Franc, migrant crisis and adverse external environment undermined the country's performance. The Swiss economy expanded 0.4% in the fourth quarter of 2015, supported by consumption expenditure from private households and the public sector, according to the State Secretariat for Economic Affairs.
The ultra-low policy that a growing number of Central banks is pursuing is damaging the entire economic system. In his monthly Investment outlook Bill Gross warns investors about it and points out the way Janus Capital unconstrained portfolios deal with it.
Now things are changing, as more central banks are starting to charge institutional depositors instead of paying them. In theory, it’s just another step in efforts to prod economic growth by making borrowing cheap, or encouraging those with cash to use it rather than store it. But “negative” interest rates are something of an unknown quantity, making many wonder if the policy could backfire.
The European housing markets keep on the recovery path, albeit with differences amongst the single countries. Pushing sales and prices are favourable conditions like low interest rates and economic growth. The headwinds come from markets turmoils, risk aversion and concerns about the strength of the banking sector in some countries.
Monaco Growth Announces Investor Conference in Monaco for July 24th – 26th
Regulierung – seit der Finanzkrise prägt der Ruf nach mehr Kontrolle das Banking: Wegen regulator
Die Fonds-Konferenz der SKSF ist eine wichtige, branchenspezifische Plattform für Wissens- und Erfa
2 evenings to find out about the latest from the digital industry & 2 days to find ideas and to crea
ICDA will return this year to its alpine home for the 38th Bürgenstock Meeting.
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