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‘Low rate makes fiscal spending poweful’

Bloomberg Bank of Japan Governor Haruhiko Kuroda stepped into the global debate about whether governments need to do more heavy lifting to support their economies, saying that the ultra-low interest environment created by Japan’s central bank makes fiscal spending more powerful. Kuroda said the BOJ wasn’t planning to add to its stimulus in tandem with some form of government spending ...

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HSBC says it’s time to sell off risk assets

Bloomberg A combination of mixed macroeconomic data and stretched investor sentiment suggests it’s time to sell risk assets, according to HSBC Holdings Plc. “Fundamentally, the macro data does not justify the recent outperformance of risk assets,” wrote strategists including Max Kettner in a note to clients. “We think risk assets are ripe for a pullback in the coming weeks.” The ...

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Brazil central bank cautious about ‘easing cycle’

Bloomberg Brazil’s central bank refrained from providing guidance on its easing cycle beyond its next policy meeting in December, opting instead to signal it will remain cautious in efforts to add stimulus to a weak economy. A benign consumer price outlook should allow for another rate cut “of the same magnitude” next month, the central bank board wrote in the ...

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