Turmoil hit the global markets at the very beginning of the year. Drop in commodity prices, slipping stocks, worn down inflation all in combinations made central banks adapt a more dovish outlook. That's a trend which might carry on in the near future with weaker economic data.
On Thursday, figures released by the administration showed that this year President Obama's health care law surpassed expectations by gaining big number of sign ups.
Sylvia M. Burwell, Health and Human Services Secretary said that approximately 12.7 million people opted to sign up for either individual private insurance policies or renew their coverage for 2016.
Christine Lagarde, the Managing Director of the International Monetary Fund used the last day of the World Economic Forum in Davos to announce her candidacy for another term in office and secured quick support from all directions. The news that she might be facing possible trial in France did not stop the leaders from rendering support to her for a second term.
On Friday, the dollar somewhat firmed versus a basket of key currencies as traders could not decide whether there will be any action according to expectations that there will be monetary easing by some of the major central banks. The hopes for any further rate hike by the Federal Reserve also appear to fade, as jobless claims increased this week.
In September, the government of Puerto Rico released its five-year plan that would work to reduce the huge debt of the island and revive the economy. But, that plan seems to be too optimistic and on Monday, top economic officials of Puerto Rico said they had been too confident about the plan and is revising the plan to face the worse.
In the recent past years China has been the growth engine for the global economy. But the cooling in economic activities noted of late has brought in worries that conditions in the second-largest economy of the world may be deteriorating fast.
The drop in imports prices is likely to create a downward pressure on U. S inflation levels this year.
On Thursday, the Labour Department said, in December 2015, the import prices dipped 1.2 percent compared to the previous month. That was a drop for the sixth consecutive month. Compared to 2014 December the import price in December was 8.2 percent down.
According to the official data on Saturday, in December, the consumer inflation in China gathered momentum. However, it remains below the comfort zone defined by the government. That offers continual scope for the central bank of Chain to ease its monetary policy.
In December, the factory activity in China contracted for the tenth consecutive month. That was at a greater pace compared to November according to a private survey. With the data, spirits were dampened regarding a quick recovery in the second-largest economy of the world. Eyes will eagerly watch how things shape up in 2016.
- J. Michael Pearson, Valeant’s Chief Executive Officer Spent Christmas in Hospital for ‘Severe’ Pneumonia
- Eversource Faces Stiff Challenge from ‘Society for the Protection of New Hampshire Forests’ over Burying Power Lines
- Shaw Communications Agree to Buy Wind Mobile for C$1.6 Billion
- Supporters of The Export-Import Bank in Congress make an Attempt to Revive It