When the leaders of Brazil, Russia, India, China, and South Africa announced the formation of a jointly-run development bank earlier this week, the news sent a clear message: The developing world has arrived.
* Fed meeting minutes on Wednesday in focus (Updates prices, adds Goldman economists’ rate expectations)
Summary: Dow, S&P 500 start second-half of the year with lifetime highs fueled by U.S. and China factory data; Netflix surges on Goldman buy rating; GM defies fears as industrywide sales top forecasts
Standard Chartered analysts expect ECB to implement QE in the second half of 2014 Their modelling shows that the impact of ECB action on global liquidity will have about the same impact as the Federal Reserve The say that “focus should start shifting from the actions of the Fed, to what the ECB will do.” – Earlier I posted on what Goldman Sachs are saying about equity markets and also that Goldman Sachs note to clients says EUR/USD should remain a sell on rallies
Goldman Sachs Earnings Report (Q1 14): EPS $4.02 v. $3.49 exp.