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Gold
4128.78
0.052%
Oil
60.326
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Real-time News
Goldman Sachs: It expects global equities to return an average of 7.7% per annum in dollar terms over the next decade, close to historical averages, despite current high valuations.November 12th - According to European Central Bank Executive Board member Schnabel, inflation risks in the Eurozone are tilted to the upside as the economy gains momentum and governments begin investing heavily in the military and infrastructure. Schnabel stated, "My narrative is one of a recovering economy, a narrowing output gap, and anticipated significant fiscal stimulus that will energize the economy." Schnabel is currently considered the most hawkish member of the Governing Council. She added, "This leads me to conclude that if there is any risk, it is that the risks are tilted to the upside." The German official stated that she believes interest rates are at an "absolutely" appropriate level, and policymakers must remain vigilant about the "still quite strong" rise in food costs and the "sticky" inflation in the services sector. Schnabel indicated that, overall, she is not concerned about small deviations from 2% and downplayed potential downside risks.The MBA mortgage application activity index in the United States for the week ending November 7 was 334.2, compared with 332.3 in the previous week.The MBA 30-year fixed mortgage rate in the United States was 6.34% for the week ending November 7, compared with 6.31% previously.The MBA Mortgage Purchase Index for the week ending November 7 was 172.7, compared to 163.3 the previous week.
