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Japan’s inflation edges higher but its central bank is still in a bind

Japan’s inflation edges higher but its central bank is still in a bind

Finance
Japan's core inflation picked up slightly in March from a year earlier, but remained distant from the Bank of Japan's ambitious 2% target in a sign of rising pressure on the central bank. Over the past year, policymakers have had to contend with a slowdown in global demand as the Sino-U.S. tariff war put a dent on world trade and hit Japanese exporters. This has made the Bank of Japan's task of generating inflation even more difficult. Data on Friday showed a 0.8% increase in the nationwide core consumer price index (CPI), which includes oil products but excludes volatile fresh food costs, compared with a median market forecast of 0.7%. In February, an...
SC ruling on higher pension from EPFO may pave way for you to become EPS member

SC ruling on higher pension from EPFO may pave way for you to become EPS member

Finance
The recent Supreme Court (SC) order relating to EPS may open the doors for employees who were till now excluded from EPS to join the scheme. Also, the pension calculation formula may change resulting in increase in pension for employees who have already contributed to pension on full pay in the past. Going forward, the pension may be calculated on the basis of average salary of last 12 months and not 60 months which was the basis till now. Apart from these, the ruling has also opened doors to all existing members of EPFO to avail option of contributing on higher salary for a higher pension in the future. However, the above is in the realm of 'possible' because EPFO is yet to come out with its view on the impact of the SC ruling. All the above possibilities stem from the fact that the SC ha...
Stocks set to open slightly higher on US-China trade deal hopes; jobs data in focus

Stocks set to open slightly higher on US-China trade deal hopes; jobs data in focus

Finance
U.S. stock futures traded slightly higher Friday, as investors monitored progress in U.S.-China trade talks and looked ahead to upcoming jobs data. As of 03:20 a.m. ET, Dow futures were up 46 points, indicating a higher open of 44, while the S&P 500 and Nasdaq were also in positive territory. On Thursday, the Dow closed more than 150 points higher, while the S&P 500 notched its first six-day winning streak since February, buoyed by positive trade news. Investors continued to digest the latest developments in trade negotiations between Washingt...
Stocks set to open slightly higher amid reports of US-China trade breakthrough

Stocks set to open slightly higher amid reports of US-China trade breakthrough

Finance
U.S. stock futures were slightly higher Thursday, amid reports the U.S. and China have begun outlining a deal to end their protracted trade war. As of 1:45 a.m. ET, Dow futures rose 63 points, indicating a higher open of 78 points. S&P 500 and Nasdaq futures also climbed. Reports early Thursday morning said Washington and Beijing have begun drawing up memorandums of understanding over trade. Officials from both countries met for talks this week and higher-level discussions are set to be held on Thursday and Friday. The U.S. and China are trying to resolve their diff...
The way stocks are gliding higher could be a bullish sign for the year

The way stocks are gliding higher could be a bullish sign for the year

Finance
Compared to the rough ride down, stocks have much more quietly and gently recovered more than 13 percent of their losses from the Christmas Eve low. That's good news for bullish investors, who expect that the turbulent Christmas lows marked the bottom of the rout that took the S&P 500 down 20 percent on an intraday basis. The S&P 500 Friday closed out a fourth week of gains and was up 13.6 percent from the Christmas Eve close. "It's a grind higher, but I think that's classic. The market takes the stairs up and elevator down. The elevator was a horror show in December. The market is just grinding its way back," said Ar...