China’s renewed commitment to reform and run of positive data buoyed investor confidence in the year ahead. Mounting structural challenges and a drag on growth from policy shifts may temper optimism. Click here to continue reading.
Taming bulging credit, not price pressure, will probably drive China’s monetary policy in 2014. Price data for November shows inflation remains muted. The consumer price index rose 3 percent from a year earlier, down from a 3.2 percent gain in October. Click here to continue reading sample article.
BIG PICTURE COMMENTARY BY TOM ORLIK, BLOOMBERG ECONOMIST China’s renewed commitment to reform and run of positive data has buoyed investor confidence for the year ahead, though mounting structural challenges and a drag on growth from policy shifts should temper optimism. Click here to continue reading [...]
Friday’s November nonfarm payroll report should mirror the modest increase in third-quarter output with job gains near the six-month average of 190,000. The Bloomberg consensus forecast is for 185,000 new jobs created. While gains near the six-month average will continue to slowly bring down the U.S. unemployment rate, the majority of jobs are still being created in the low-paying service sector. Click here to [...]
Boyd Gaming may try to lower the cost of some of its $4.3 billion in debt in 2014 if the Fed continues its bond-buying programs that are keeping interest rates low, according to CFO Josh Hirsberg. Click HERE for more.
MDC Partners aims to use free cash flow on acquisitions to boost earnings and cut indebtedness, said CFO David Doft. It plans to take the ratio of net debt to Ebitda under 2.5 times, from 3.1, in two to three years, Doft said. Click HERE for more.
The European Central Bank will probably be forced to ease monetary policy again as inflation decelerates. It may eventually choose to conduct a policy of quantitative easing. Click here to continue reading sample article.
The Chinese economy is like a bicycle. Ride at an unsustainably high speed and the bicycle will spin out of control. Move too slow and the bicycle will lose momentum and topple over. In the previous week, investors, made impatient from the speculation and the anticipation over the Communist Party plenum, reacted with disappointment at the indefinite wording of the initial communique. Yet, changes in the existing policy regime [...]
Below is a link for Bloomberg’s “China’s Reform Plan,” a collection of commentaries, compiled by the editors of Bloomberg’s Economics Asia and China Briefs, that showcases the responses of leading analysts and academics to key elements of the country’s reform package. To view the supplement, click the link below. http://www.bloombergbriefs.com/files/Chinas_Reform_Plan-PRINT.pdf Inside: A Bloomberg Brief analysis [...]
Since the U.S. government shutdown came to an end on Oct. 17, attention has turned to its potential lasting effects on the economy. A consensus emerged early on of output losses, but data from our global survey of finance professionals suggest a more nuanced picture. Click here to continue reading sample article. Please note full access is available to subscribers.