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Stocks Edge Up On Fed Easing Bets

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World stocks rose on Monday as investors bet on further asset buying by the U.S. Federal Reserve and a continuation of global currency flows towards emerging markets.

The dollar rebounded as profit-taking by dollar bears reversed the flow against the U.S. currency, weakened amid rising expectations for Fed stimulus.

Finance policymakers meeting over the weekend in Washington produced no quick fix for global economic imbalances, providing no barriers to the cheap money trade of selling dollars to buy emerging market assets and commodities.

Reflecting this, MSCI's main emerging market stock index .MSCIEF climbed more than half a percent for a nearly 12 percent year-to-date gain. JPMorgan's EMBI+ index showed investors snapping up emerging market government debt.

Both moves are continuations of massive flows into emerging markets in search of faster growth and higher yields than those available in developed economies.

Printy printy.

Seems even talking about free money is generating huge returns, Bernanke will be pleased now all he has to do is deliver on the promise with free money otherwise we might have the mother of all crashes on our hands.

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  • 419 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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