The creation of the Federal Reserve 100 years ago helped develop a new world of investing in which bond returns fell, and the start of its next century may also mark a new era in monetary policy making, says Deutsche Bank AG.
German economic growth accelerated more than economists forecast last quarter, providing fuel to help the euro area’s recovery offset an unexpected stalling in France and renewed slump in Italy.
German factory orders rebounded in April from the biggest plunge in more than a year, signaling that growth in Europe’s largest economy remains on track.
The Swiss National Bank’s foreign- currency reserves rose to a record in May, a month during which the franc fell against both the euro and dollar.
German business confidence unexpectedly rose in April, signaling optimism that Europe’s largest economy will withstand risks from tension in Ukraine to price weakness in the euro area.
Don’t bet the house on a robust revival of the U.S. property market, says the Yale University professor who predicted the bursting of the dot-com and subprime-mortgage bubbles.
The Swiss central bank’s currency holdings rose to a record last month after policy makers imposed a franc cap to help exporters and fight deflation threats.
Investors may have to think twice before taking on Philipp Hildebrand and his printing press at the Swiss central bank.
"It's more a return to reality for the euro area, a wake-up call, that you have to do more, especially in France and in Italy."
- Alexander Koch on Aug 14, 2014