Global equity markets slid on Friday as investors sought direction after this week's U.S. Federal Reserve meeting and a jump in coronavirus cases in Europe rattled sentiment, while gold rose and safe-haven buying lifted the Japanese yen.
Federal Reserve policymakers on Friday began fleshing out what their new tolerance for inflation will mean in practice, an issue critical to how investors and households reshape their own outlooks even if it may not be relevant to any immediate decisions by the U.S. central bank.
福利网站The credibility of Indonesia's central bank with investors remains intact following parliamentary proposals to overhaul its mandate, but the changes must be carefully handled to prevent any pressure on its sovereign rating, S&P Global said on Friday.
Globalisation will be sustained and supply chains will be diversified as firms adjust to novel coronavirus disruption, Japan's central bank governor said on Friday, challenging an assumption the virus will lead to fragmentation of world trade.
Japan's next quarterly survey will likely show its big manufacturers were less pessimistic than they were in the June quarter, when business sentiment struck an 11-year low following a nationwide lockdown due to the coronavirus outbreak.
Global equity markets slid and the dollar eased on Thursday after a report showing persistently high claims for U.S. unemployment benefits reinforced the Federal Reserve's assessment of a still difficult economic outlook.
British shares ended lower on Thursday weighed down by major banks and investment stocks, but came off intraday lows after the pound fell on the Bank of England flagging a possible shift to negative rates.
The Bank of England said it was looking more closely at how it might cut interest rates below zero as Britain's economy faces a triple whammy of rising COVID-19 cases, higher unemployment and a possible new Brexit shock.
福利网站The Bank of Japan will monitor not just inflation trends but job growth in guiding policy, its governor Haruhiko Kuroda said, signalling the BOJ's readiness to ramp up stimulus if job losses from the coronavirus crisis heighten the risk of deflation.
福利网站The Bank of Japan kept monetary policy steady on Thursday and slightly upgraded its view on the economy, suggesting that no immediate expansion of stimulus was needed to combat the coronavirus pandemic.