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Top Stories
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- Prospect of releveraging bodes well for U.S. economy
Deleveraging an overhang of debt in the U.S. private sector has been the order of the day for several years. But now signs are emerging that the economy has reached the point that a gradual releveraging may be in store, promising to generate a "balance sheet recovery." Business Insider
(11/17)
- Eurozone panic eases into prospect of prolonged gloom
An array of factors including persistence with austerity measures, beleaguered and frightened consumers, and tough lending standards by banks are dimming any prospects for European recovery, even as market fidgets over the immediate implications of the eurozone crisis have eased for the time being. Record unemployment only compounds the problem as the region looks set for a period of little or no growth. The Boston Globe/The Associated Press(tiered subscription model)
(11/17)
- Bank of England official says more stimulus available if needed
The Bank of England has "not run out of ammunition" to combat the U.K.'s economic slowdown, says bank policymaker David Miles. "If it turns out that not enough has been done, that the economy's going to stay in a recessionary state and that's going to drive inflation down, there is more we can do," Miles said, noting that the central bank's current Funding for Lending program should provide some benefit heading into 2013. Bloomberg Businessweek
(11/18)
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- INTERNATIONAL MARKETS OVERVIEW
After a weekly drop of 1.45% in the S&P 500, U.S. investors will be watching a number of events this week, including the Gaza conflict, talks on the "fiscal cliff" and clues from the Federal Reserve on the future of quantitative easing. On Friday, the S&P 500 ended 0.48% higher at 1,359.88 on early indications of good intentions regarding the impending "fiscal cliff." The Stoxx Europe 600 fell 1% to 262.86 as investors focused on Mideast violence. Here is a continuously updated list of global stock indexes. The Wall Street Journal
(11/19)
, Forbes
(11/18)
, The Wall Street Journal
(11/16)
, CNNMoney
(11/16)
- China speculation tempers Asian shares as Japan's Nikkei surges
Anxieties over China's new leadership kept a lid on most Asian shares Friday, while election speculation in Japan and the prospect of more economic stimulus from a new government boosted shares there. The Nikkei jumped 2.20% to 9,024.16, while the Hang Seng edged up 0.24% to 21,159.01, the Kospi lost 0.53% to 1,860.83, and the S&P/ASX was down 0.29% to 4,336.85. Bloomberg Businessweek
(11/16)
Economic Trends & Outlook
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- Huge free-trade area likely product of ASEAN summit
The world's largest free-trade area is expected to be the main result of this week's meeting of leaders of the 10-member Association of Southeast Asian Nations in Cambodia. The new grouping would also include six major partner nations -- China, Japan, South Korea, India, Australia and New Zealand -- and account for as much as $20.7 trillion in total trade. The Business Times (Singapore)
(11/17)
Capital Markets & Financial Products
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- Yuan convertibility coming, central bank governor says
Building on Communist Party pledges to allow for freer movement of capital, the next stage in China's revamp of its exchange system will be "reform of convertibility" for the yuan, said central bank Governor Zhou Xiaochuan. "We are going to realize it; we are moving in this direction; we need to go further; we will have some deregulation," Zhou said. Bloomberg
(11/18)
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CFA Institute Financial NewsBrief: Asia Pacific Edition Issues:
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