Thursday, March 24, 2011

Global Market Weekly Review, 24-03-2011

Federal Reserve policy makers said U.S. growth is becoming more durable and higher energy prices will have a temporary effect on inflation as they affirmed plans to buy US$600bn of Treasuries through June. The Fed kept interest rates unchanged, as widely expected, and gave no indication what its next policy move will be after finishing the asset purchases.

Disruptions in Japan’s power supply after the world’s strongest earthquake in more than six years may affect the country’s economic output and hurt the rest of the region, Standard & Poor’s Ratings Services said. “There is a potential risk that because of the shortage of supply of electricity, general economic activities in Japan will be affected,” S&P credit analyst Takahira Ogawa said. “If that is the
case, there will be indirect implications on the economies in Asia.”

An indicator of China’s economic outlook rebounded, easing concerns that the government’s campaign to curb inflation and asset bubbles may lead to a sudden slowdown in the world’s second-biggest economy. The index rose 0.3% to 155 in Jan from the previous month, The Conference Board said, citing preliminary data. The indicator recorded the first decline since 2008 in December.

Source: ING Funds Berhad

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