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Carney Signals Bank of England Rate Can Stay Low as China Drags (News 05/11/15)

Today's Press

  • “Monetary policy must continue to balance two fundamental forces -– domestic strength and foreign weakness,” the Bank of England governor said at a press conference in London on Thursday. “The outlook for global growth has weakened since August. Many emerging-market economies have slowed markedly this year, and the committee has downgraded its assessment of their medium-term growth prospects.”

  • The economy of the 28-nation EU is set to grow by 1.9% this year, 2.0% in 2016 and by 2.1% the year after.

  • The dollar surged to a three-month high and European and Asian stock markets dipped on Thursday as expectations hardened of the first rise in U.S. interest rates in almost a decade coming next month.

Next Trading Day's Important Events

Forex Quotes:

  • USDJPY: 121.82
  • EURUSD: 1.0884

Indices:

  • S&P 500: 2,102.31
  • NASDAQ : 5142.5


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