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London is still the world’s leading financial center. It extended its lead over New York notwithstanding Britain’s looming departure from the EU, as a poll disclosed on Monday.
The UK’s departure from the EU bloc has given grounds to predict London might lose its pre-eminent status as a leading financial center. Nevertheless, there’re few signs of it taking place yet.
London has been successfully holding the first position, followed by New York, Hong Kong as well as Singapore in the Z/Yen global financial centers index, ranking up to 92 financial centers on such factors as infrastructure as well as access to high quality staff. As for New York, it found itself just 24 points behind London, the greatest gap between the two since the poll started in 2007.
Evidently, New York's ranking edged down 24 points from 2016, which is the largest dip among the top contenders, a sag the survey's authors told turned to be presumably due to concerns over US trade.
On Thursday, American leader Donald Trump unveiled that he generally disliked the Fed’s decision to have interest rates lifted, telling that he was concerned about their probable impact on the American economy as well as American competitiveness…
Inflation data is the most important indicator that affects the central bank’s monetary policy.
Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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