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EUROPE
U.K. forward guidance has
effectively died. Another sharp drop in U.K. unemployment looks
like the final nail in the coffin for the Bank of England’s plan to explicitly
link the jobless rate to its interest-rate plans.
EU28 current account surplus 39.4 bn euro – Eurostat
Euro area annual inflation down to 0.5% - Eurostat
UNITED STATES
Yellen Suggests That Fed Will Push to Shore Up Market for Short-Term
Debt – WSJ
Yellen: The recovery could be nearly complete within two years – WaPo
Yellen Pegs Europe’s Economic Struggles to Weak Banks – WSJ
Yellen’s speech – FT
Yellen: Three Big Questions for the FOMC – Calculated
Risk
Fed’s Lockhart Sees First Rate Hike in Second Half of 2015 – WSJ
Fed’s Fisher Reiterates Support for Winding Down of Bond-Buying Stimulus
– WSJ
Industrial Production increased 0.7% in March – Calculated
Risk
ASIA
Growth slowed further but industrial production suggests stabilization –
Danske
Bank
More Rounds of BOJ
Easing May Be Needed – WSJ
Nakahara, a former BoJ policy board member and an adviser to Prime
Minister, says the bank may need to consider successive rounds of quantitative
easing.
OTHER
EM Bond Snapshot:
April 2014 – Danske
Bank
Commodities Update -
Nickel rally not over yet – Danske
Bank
FINNISH
Alhaiset korot ja virheinvestoinnit – Roger
Wessman
Ei alhaisia
korkoja voi syyttää siitä, jos korkeamman tuoton toivossa lainataan rahaa
maksukyvyttömälle asunnonostajalle. Se on nollakorkojen aikanakin vain tyhmää.
Tätähän haluttiin? – Henri
Myllyniemi / US
Kaupan ala,
kuten sisämarkkinat kokonaisuudessaan, on tarkoitus vetää vessasta alas
sisäisen devalvaation myötä.