United States President Barack Obama proposed overhauling the tax code to make it simpler for working-class Americans and limit tax breaks for the wealthiest. He proposed ending tax subsidies for housing, health-care, retirement and child care for those with yearly incomes exceeding $1 million. In an effort to keep manufacturing jobs in the U.S., He [...]

The begin of the Chinese New Year holiday affected the market liquidity, some market moves have been slightly overextended, Markets in China, Hong Kong, South Korea and Singapore are shut for the Lunar New Year holiday. In Japan, the central bank kept its asset-buying fund at 20 trillion yen, and its credit-lending program at 35 [...]

The yesterdays bond auctions which were carried out in France and Spain witnessed a decline in borrowing costs in the first case and a solid demand in the second, which caused most European stocks to rise. The UK held a very successful auction, at which 4-year bond yields fell. The global recovery is threatened by [...]