Global stocks dip, dollar up as divided Fed seen inclined to stand pat

Stocks dipped and the dollar edged up on Tuesday after a Federal Reserve official’s remarks appearing to make a near-term rise in U.S. interest rates less likely only partially calmed investor nerves before a speech from ECB chief Mario Draghi. Fed Governor Lael Brainard on Monday cautioned against removing support for the U.S. economy too quickly. Her words weakened the dollar and sent U.S. stocks soaring…

Global stocks dip, Euro near 2-week high after ECB leaves rates unchanged

A gauge of global equity markets fell modestly and the euro strengthened on Thursday after the European Central Bank reaffirmed its commitment to run its bond-buying program as long as needed, but did not confirm a specific extension of the plan. However, with euro zone inflation still way below target and the ECB also trimming its 2017 growth forecast, Draghi said the bank was looking at options to enable it to pursue the money-printing program…

G-20 economies pledges to revive global trade and investment, says China’s Xi Jinping

HANGZHOU, China—China rallied the Group of 20 around a call to use new levers to revive global growth, though the group’s nine-page statement was short on concrete steps and there were few signs that Beijing would lead by example. Chinese President Xi Jinping said leaders would put in place guidelines on global investment and explore structural overhauls, acknowledging the need for measures beyond low interest rates to prop up the global economy amid growing resentment of globalization’s effects…

IMF likely to downgrade global outlook again ahead of G20 summit in China

The failure of policy makers to fix deep-rooted problems in the world’s largest economies has pitched the globe into the worst slow-growth rut in nearly three decades.
And it could be about to get even worse, the International Monetary Fund said Thursday, signaling another downgrade ahead in its global growth outlook. The IMF warned leaders of the Group of 20 largest economies meeting later this week in China…

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…

Dollar rallies, U.S. yields hit 2-week high on expectations of Fed rate hike signal

The dollar strengthened and U.S. Treasury yields hit a two-week high on Monday on expectations the Federal Reserve will give a signal this week that it is gearing up to raise interest rates. An upbeat assessment of the U.S. economy’s strength from Fed Vice Chairman Stanley Fischer on Sunday was seen raising the prospect of Fed chair Janet Yellen flagging up a rate rise at a meeting with the world’s central bankers on Friday…

Gold prices could climb as high as $1,850 an ounce if Trump beats Clinton

Athletes are about to go for the gold in Rio. But investors have been already doing that all year long. Gold prices are up nearly 30% this year. The yellow metal has been shining due to worries about the health of the global economy and continued concerns about the value of paper currencies in a world where interest rates around the world are extremely low — and, in some cases, negative…

Fed likely to hold rates unchanged, BOJ may ease its policy further

It will be a big week in monetary policy as two of the world’s biggest central banks, in Tokyo and Washington, announce their latest monetary moves. The Federal Reserve is likely to keep interest rates unchanged, but the Bank of Japan may take steps to ease its policy. Meanwhile, Brazil’s central bank unveils the minutes from its first policy decision made under its new governor.

G20 ministers to use all tools to promote worldwide economic growth

CHENGDU, China—Global finance ministers redoubled their commitments to use all available policy tools to boost economic growth, wary that myriad headwinds risk pushing the world economy into a low-growth rut. Among the most prominent of problems the Group of 20 largest economies cited is the U.K.’s surprise decision late last month to leave the European Union…

IMF issues ‘urgent’ call for G20 economies to roll out more growth-boosting policies

MUSCAT, Oman — Painting a dark outlook for the global economy, the International Monetary Fund on Thursday issued an “urgent” call for the world’s largest economies to roll out more growth-boosting policies. The IMF said central banks need to maintain their easy-money policies and the Group of 20 largest economies must prepare contingency plans should a stagnating outlook turn into a downturn…

IMF slashes global growth forecasts again over uncertainty over Brexit

The International Monetary Fund (IMF) cut its global growth forecasts for the next two years on Tuesday, citing uncertainty over Britain’s looming exit from the European Union. The move included a nearly full percentage-point reduction in the UK’s 2017 growth forecast. Cutting its World Economic Outlook forecasts for the fifth time in 15 months, the IMF said that it now expects global GDP to grow at 3.1 percent in 2016 and at 3.4 percent in 2017 …

G20 ministers approve trade growth strategy to reverse slowing global trade

In the face of a “worrying” rise in protectionism, trade ministers from the world’s major economies have agreed to cut trade costs, increase policy coordination and enhance financing, China’s Commerce Minister Gao Hucheng said on Sunday. The Group of 20 trade ministers, who wrapped up a two-day meeting in Shanghai on Sunday, approved a broad trade growth strategy aimed at reversing a slowing in global trade, and backed guiding principles for global investment policymaking…

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