Lost while you can – Newspaper

Lost while you can – Newspaper

Saturday, August 23, 2014

It was the speech by Janet Yellen, president of the United States Federal Reserve (Fed), the which ended marking the close of European stock markets and the beginning of American. The owner of US issuing bank, in its first formal speech in Jackson Hole-last year it was at the meeting, but did nothing to overshadow the legacy of his predecessor Ben Bernanke reiterated his usual doctrine that will employment indicators unemployment and those who end up determining the interest rate policy of the institution he presides.

As the data from the USA, referring to July, were not bad because fewer applicants for unemployment benefits were detected of which had been anticipated, the controversy erupted immediately: Was announced or not Yellen, who

could have rising interest rates since October? The market consensus, at that time, was yes. Posted hot, the message was interpreted as the moment the economic recovery remains weak, as reflected by indicators quarterly and monthly performance of the GDP of the major developed economies, for which central banks set the interest rate will remain conditional by the weakness of economic growth. Although time difference intervention Mario Draghi in Jackson Hole came with European market close and the Americans with quotes and adjusted his words, full of nuances, they were not decisive.

income markets Variable closed the week with gains. The Ibex 35, despite losing 0.53% yesterday, is in the 10,505 points.