Spreadex Market Update
28.01.12 Saturday Morning
Asian markets tend to do well when global economic prospects are improving Overall around the world you have prospects of improving economies and therefore improving corporate earnings. The two largest economies are behaving in a positive fashion, and Japan has announced a lot of policies that are more reflationary.
UK Chancellor George Osborne is apparently coming around to the idea of changing the Bank of England's inflation target to one focussed on the amount of spending. Osborne still wants the new governor of the Bank, Mark Carney, to be more active in trying to put an end to Britain's economic woes, but there would be no need to target nominal gross domestic product.
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