RBA Minutes highlight labour market uncertainty - Capital Economics

Paul Dales Chief Australia & New Zealand Economist at Capital Economics noted that the minutes of Februarys Reserve Bank of Australia meeting do a good job of summarising the uncertainties surrounding the labour market and wage growth and how they will influence interest rates.Key QuotesThis is why the RBA has been downplaying the chances of an interest rate hike this year and why we suspect the first hike may not come until the second half of next year.The minutes restated the comments used in Februarys policy statement [read more]

Kraken CEO Jesse Powell;

Cryptocurrency market will hit $1 trillion valuations this year CEO of top exchange says         Jesse Powell founder and CEO of Kraken said Tuesday that the cryptocurrency market would continue to see an acceleration of growth.         Asked whether he thought the market capitalization of all cryptocurrencies would hit the $1 trillion [read more]

Will UK Rise Interest Rate As Inflation Outstrips Growth?

Will UK interest rates rise as inflation outstrips wage growthConsumer price inflation in Britain is now three percent which is close to its highest level for six years. Consumer price inflation in Britain is now three percent which is close to its highest level for six years.After Britons voted to leave the EU in 2016 the pound tanked and inflation rose as the cost of imports went up. [read more]

This US Stocks Lead The Rebonced

Apple these other stocks have led this monster bounce from last weeks lows         Major U.S. stock indexes climbed more [read more]

Abe set to reappoint BOJ Gov. Kuroda for second term

Bank of Japan (BOJ) governor Kuroda is set to be the first governor to serve two terms since 1954.  Reports are doing the rounds that Prime Minister Shinzo Abe is set to nominate Haruhiko Kuroda to lead the Bank of Japan for another five years.  The Japan News quotes a source as saying that Abe is determined that Kurodas skills are still needed to bring about an end to deflation a top goal of the Abe Cabinet. The Bank of Japan governors term is five [read more]

The Bull Is Not Dead Just Taking A Breather

Bull market looks safe for now as fewer than half of corrections deepen into fullblown bears         Weight of the evidence [read more]