As Irish bonds extend their rally, the gains for investors may be disguising a different story.
Investors face a 50 percent chance of sharing in losses in Irish government debt, Citigroup Inc. economist Michael Saunders said.
Bank of England policy makers will today consider restarting asset purchases and a range of other measures as they redouble efforts to revive Britain’s economy.
Investment spending in emerging markets is outpacing expenditures in developed economies for the first time, as a surge in infrastructure supports global growth and profits at companies from Siemens AG to Caterpillar Inc.
"The MPC's prior forecast of a second-half slowdown reflected their assumption that pent-up consumer demand would slow as the savings rate levels off, while investment would pick up only gradually."
- Michael Saunders on Aug 10, 2014