(eToro Blog) Facebook’s recent IPO launch is still taking center stage on Wall Street, as new data comes out which suggests that a series of unfortunate events conspired to make the launch far less than successful than markets had anticipated. Whether those events were intentional or not remain to be seen but are now the [...]
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Yen Edges Higher as BOJ Takes Wait-and-See Approach on Easing
(eToro Blog) The Bank of Japan announced earlier today that it would make no changes to its existing monetary policy, keeping the benchmark interest rate at 0.1% and maintaining the asset purchase program at ¥40 trillion ($504 billion). While that had been generally in line with the consensus of analysts polled, some market players had [...]
Hopes for BoE Easing Build as IMF Pushes for a Pro-Growth Agenda
(eToro Blog) Earlier today, the International Monetary Fund joined the chorus in the calls for the Bank of England to provide more stimulus through interest rates cuts and money printing. They also suggested that the government prepare an alternative “Plan B” (i.e. fiscal) response to cutting the budget deficit, in the event monetary policy is [...]