England's central bank raised interest rates a quarter percentage point to 5.25 percent, citing diminished spare capacity in the economy and rising inflation pressure.
The US Labor Department said 299,000 people filed initial unemployment claims last week, down from 325,000 the week prior and fewer than the 320,000 expected by economists.
Bottom line:
1. Central banks keep tightening to slow down their economies. How long can the global bull market in equities last?
2. The US labor market remains strong reflecting a growing economy. Unemployment claims close to 300k represent very good news for the economy. But not for bonds.
George Dagnino
aka Peter Dag
www.peterdag.com
1 comment:
To: The kind people who comment on this blog.
If you know of a website that posts the global yield curve, please let me know the URL.
Thanks,
Lou Schott www.invest-tnl3000.com
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