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The move makes the BoJ the last central bank to unwind the ultra-loose monetary policy imposed after the financial crisis. It found that a net 21% of respondents expect a stronger economy in Europe over the coming twelve months, up from a net 11% that expected a further weakening last month.The share who thinks US growth will stay robust, helped by resilient consumption, stands at 58%, little changed from last month but up from 28% in January.
Deflation is over, real wages are rising, and maybe the equity market appreciates the long-term implications in a way the FX market doesn’t.has reported that this Indicator of Economic Sentiment for Germany has risen to 31.7 points in March, up 11.8 points on February.Germany is on the brink of recession; its economy shrank by 0.3% in the final quarter of last year, having stagnated for the previous six months.“Economic expectations for Germany are significantly improving.
Crest Nicholson says it expects to complete between 1,800 and 2,000 homes in the 2024 financial year, down from 2020 in 2023, citing “the low level of reservations in the first two months of the financial year”.Crest Nicholson adds that it has discovered build defects at four sites, which will cost up to £15m to fix.
DFS told shareholders that market demand has weakened significantly over the last two months, with orders across the market down 16% year-on-year in January and February. Yes, the Bank of Japan scrapped its negative rate policy, raised the rates from -0.10% to 0%, ditched its YCC policy and ended the purchases of ETF and Japanese real estate investment trusts. However, the bank said that it will continue to purchase sovereign bonds with ‘broadly the same amount’ and that the policy will remain accommodative for now.
Traders may approve of its plans to spin off its ice cream businesses, as well as the acceleration of its growth plan.Action is what shareholders wanted to see from the new team at the top, and that’s what’s been delivered today. Ice Cream always looked like the odd one out when you compare it to other product lines, and performance has struggled of late.
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