Commentary
We publish information about the five most important events happened last week on the market.
1. Spring swoon sequel no reason for economic growth scare in U.S. Like a horror movie with multiple sequels, The Economy: Spring Swoon IV probably won’t be as surprising or as scary as its predecessors. Read more:
http://www.bloomberg.com/news/2013-...reason-for-economic-growth-scare-in-u-s-.html
2. Unemployment data signals tepid growth The number of Americans filing new claims for unemployment benefits rose last week and factory activity in the nation’s mid-Atlantic region cooled in April, providing further signs of a moderation in economic growth. Read more:
http://www.nytimes.com/2013/04/19/b...als-a-softening-economy.html?ref=economy&_r=0
3. Climbing, stretching and stumbling Engineers used to dominate Chinese policymaking. But the Communist Party’s highest organ, the seven-member standing committee of the Politburo, now includes three economists, for better or worse, including Li Keqiang, the prime minister. On April 14th he chaired his first “symposium” of economists since taking office, inviting views on China’s prospects from fellow members of the tribe. The economy, he concluded, would have to “climb hills and cross ridges”. Things, in other words, might get bumpy. Read more:
http://www.economist.com/news/china...res-are-not-end-world-climbing-stretching-and
4. European shares rebound with Italy bonds as Yen weakens European stocks rebounded from the biggest weekly drop in five months and Italian note yields slipped to a record as the country elected a president and the Group of 20 nations offered no opposition to Japan’s stimulus policies. The yen weakened while gold rose for a fifth day. Read more:
http://www.bloomberg.com/news/2013-...r-low-on-g-20-japanese-stocks-gold-climb.html
5. Japan stocks jump as yen drops; Shanghai slips Japanese shares jumped to lead Asian markets by a big margin Monday, with the yen falling as investors interpreted a statement from Group of 20 nation officials as offering the international community’s support for Tokyo’s economic stimulus. Read more:
http://www.marketwatch.com/story/ja...ops-shanghai-slips-2013-04-21?link=MW_popular