Japanese defense minister sounds alarm on North Korea – ABC News

Japan’s defense minister asserted Monday that North Korea’s nuclear and ballistic missile capabilities have grown to an “unprecedented, critical and imminent” level, requiring “different responses” to the threat. The minister, Itsunori Odonera, said that this rising threat compels his country to endorse the U.S. view that “all options” must be considered, which President Donald Trump says includes possible military action…

IMF warns that using consumer debt to fuel growth risks crisis

The International Monetary Fund has issued a warning to governments that rely on debt-fuelled consumer spending to boost economic growth, telling them they run the risk of another major financial collapse. In a report before the IMF’s annual meeting in Washington next week, it said analysis of consumer spending and levels of household debt showed that economies benefited in the first two to three years when households raised their levels of borrowing, but then risks began to mount…

CA GDP m/m | September 29, 2017 | Currency Trading

CA GDP is expected to move the market in the event we get our tradable deviation (as listed below), and if we do not get our deviation, it is a no trade. Obviously, you could still trade using technical analysis or other fundamental factors, but as far as news trading is concerned, no deviation means […]

Not everyone knows exactly what the Fed does: WalletHub

Americans might be a little fuzzy on exactly what the Federal Reserve is and why the central bank’s activities matter, but many do believe it’s not working as well as it should. “When we’re talking about the Fed, not everyone knows exactly what it does,” said Jill Gonzales, an analyst at WalletHub. As it turns out, that’s an understatement…

Global trade volume rises only 0.1% in June, lowest monthly gain since 2009

Companies across the world are pumping the brakes this year on shipments and new purchases from overseas. Global trade volume only rose 0.1% in June compared to a year ago, according an analysis of government global trade data released Thursday by Panjiva, an analytics firm. It’s the lowest monthly gain since 2009. “We’ve have some pretty clear signs that global trade has slowed down,” says Chris Rogers, a research analyst at Panjiva…

Here comes $2 gasoline?

Now’s the time to plan that cross-country road trip. Summer gas prices haven’t been this cheap since 2004 — and there are growing signs they could slip even lower. As you might have guessed, cheap gas is being fueled by sub-$50 oil prices. But there’s another hidden force at play: a serious oversupply problem. It seems that the well-chronicled glut in crude oil has spread to gasoline and other products…

Fed’s Williams says presidential election wouldn’t prevent Fed from hiking rates

John Williams, president of the Federal Reserve Bank of San Francisco, said Sunday the presidential election wouldn’t prevent the central bank from raising interest rates later this year. “We’ve proven over and over again that we can act in presidential election years,” Mr. Williams said on Fox News’ “Sunday Morning Futures with Maria Bartiromo.”…

Brexit could cost UK as much as $144 billion, alomst one million jobs by 2020

Leaving the European Union could cost Britain as much as £100 billion ($144 billion) and 950,000 jobs by 2020, according to research commissioned by a business lobby group. The Confederation of British Industry said dropping out of the union would “cause a serious shock to the U.K. economy.” It was commenting on the analysis carried out by professional services firm PwC.

Dow Industrials aiming to mark biggest quaterly comeback since 1933

The Dow Jones industrial average and S&P 500 officially wiped out their year-to-date losses this week, as the weight of the Fed was lifted from investors’ shoulders. If the Dow can hold its gains through the end of the month, it would mark the biggest quarterly comeback since 1933. But if you’re expecting another big move from here, one technician warns you might have to cool your heels…

U.S. oil production in the Gulf of Mexico on the rise, on track to hit record high in 2017

It looks like the Gulf of Mexico didn’t get the oil crash memo. U.S. oil production in the deep waters of the Gulf of Mexico is on the rise and on track to reach a record high in 2017, according to the Energy Information Administration. That’s despite the enormous costs associated with drilling for oil at depths of nearly two miles and the dramatic decline in oil prices that has caused overall U.S. oil output to decline in recent months…

Sterling could lose another 20% if UK quits the European Union, warns HSBC

The pound tumbled below $1.39 for the first time in seven years on Wednesday as analysts warned that a vote to quit the European Union would severely damage the UK’s growth prospects. Sterling dropped to $1.3883 and also suffered against the euro after HSBC issued one of the starkest warnings yet of the dire consequences from a Brexit vote…

Yellen: Fed may hike rates sooner if labor market quickly improves

Federal Reserve Chairwoman Janet Yellen defended keeping interest rates low before Congress on Tuesday, but opened the door a crack to earlier-than-planned rate hikes if the labor market continues its surprising improvement. “If the labor market continues to improve more quickly than anticipated by the [Fed],”…

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