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Global asset prices may be set to rise following the Fed’s decision to implement a third round of quantitative easing. During QE1, the MSCI World Index rose about 40 and during QE2, global equities rallied about 18 percent. They advanced 16 percent during Operation Twist, which was extended in June. The CRB Commodity Index benefited during QE1 and QE2, [...]
Dutch Prime Minister Mark Rutte’s Liberals took 41 of the 150 seats in yesterday’s national elections, up from the 31 in the outgoing parliament, according to news agency ANP after 98 percent of votes were counted. The Labor Party won 39 seats, up from 30. D66 rose to 12 from 10, as the Christian Democrats lost eight seats [...]
Germany’s Constitutional Court will rule today whether the country can contribute to the 500 billion-euro bailout fund. The taxpayer-backed fund will be able to lend money to troubled countries that are unable to borrow from investors. The permanent rescue fund cannot commence without Germany’s participation. Angela Merkel may comment on the decision shortly afterwards in a budget debate in [...]
European Daybook by Chris Kirkham: What to watch, economics, government, companies, and markets – click here to read more!
Click here to read more about the consensus forecasts for European economic growth, commodities and major exchange rates.
Listen to our Exclusive Podcast Here>> Tom Keene is an editor-at-large at Bloomberg News and host of “Bloomberg Surveillance,” Bloomberg’s morning program where the day’s conversation on economics, finance and investment begins. Keene can be heard on “Bloomberg Surveillance” starting at 6 AM/ET across Bloomberg Television, Radio, Bloomberg.com and Bloomberg’s devices for mobile and tablets. [...]