[Chart courtesy of MarketWatch.com] The major market indexes finished modestly higher with the S&P 500 index extending tiny gains into the fourth straight session, it’s longest since August after economic data in China beat estimates, overshadowing political uncertainties in Europe and the continued stalemate over budget negotiations in Washington. Europe was back in the spotlight after Italian Prime Minister Mario …
Will The US Q2 GDP Number Trigger Another Round Of Quantitative Easing?
Friday’s GDP growth number may not be the best, but it’s still much better than the European nations, particularly when compared to the horrible UK number that we saw this week, says Peter Dixon, global equities economist at Commerzbank AG in London. The economy clearly shows a downside risk since growth momentum slowed down to 1.5 percent in Q2 from …