Archive for the ‘stock market’ tag
Key numbers from the US lifts the stockmarket
Bad news…
For a long time there has been nothing but bad news, bad news but all of a sudden there is good news. The latest key numbers from the US has managed to lift the stock market. This positive news was needed, as it arrived this afternoon, as a rapport showed that the numbers of production rose more than expected.
The ISM-index
The so-called ISM-index went up from 32,9 in december till 35,6. The financial expert had only expected a rise till 32,5, which was marginal in comparason to the 32,4, which the numbers of december ISM-index was estimated to. read more aboute the ISM-index here
ECB do not lower the interest rate
Meeting about the interest rate
Today the bigwigs of the European Central Bank met to discuss weather the interest rate binding the menber states of the European union should be lowered. They did however decide not to lower the rent as many experts allready had predicted.
The main objective
The reason that the decision of not lowering the interest rate was made is not immedeately easy to understand. The main objective of the European Central Bank is not to secure generel wealth amongst people, but to make sure that the inflation is under control. The inflation controls the economic develpoment in the long run, wich is why, it is very important that it does not rice uncontrolled. read more about the recent meeting in the ECB