Weekly Global Financial News Dec1-Dec7

Standard

Working oil pumps

Assessing the fallout from the fall in oil prices, Published: Dec 5

http://reut.rs/1zcpVGy

With crude oil prices hitting five-year lows, investors are scrambling to speculate on how the decline in oil prices has impacted or will impact. However, whether the drop will have an effect on other sectors is yet unclear. 

China to deepen economic reforms in 2015: Xinhua, By Reuters, Published: Dec 5

http://reut.rs/1s8qI5w

China will deepen reforms in the world’s second-largest economy in 2015 as it tries to remake its growth model into one that is greener and more sustainable. 

Bullish U.S. jobs report keeps Fed on track for mid-2015 rate hike, By Reuters, Published: Dec 5

http://reut.rs/1CMxA2r

The employment report provided that latest sign that a strengthening job market is starting to spur faster wage growth, a key factor that could draw the Federal Reserve closer to raising interest rates. 

ECB Chief Goes Stumping for Stimulus Votes, a Trillion Euros on the Table, By Bloomberg, Published: Dec 5

http://bloom.bg/12zNmNh

With inflation already at a five-year low, Draghi strengthened his language on possible stimulus by saying that policy makers “intend” rather than “expect” the ECB’s balance sheet to grow toward its levels of early 2012. 

Gold Futures Drop as Payrolls in U.S. Surge by Most Since 2012, By Bloomberg, Published: Dec 6

http://bloom.bg/1wh50Dn

Gold slumped after the U.S. added the largest number of jobs in almost three years, fueling concern that the Federal Reserve will move closer to raising interest rates.

International lending to China soars in 2014: BIS, By Reuters, Published: Dec 7

http://reut.rs/15X18vy

China has become the largest emerging market destination for international bank lending, accounting for more than a quarter of cross-border claims on all emerging market economies. Concerns are mounting of a credit bubble developing in China.

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