While you were sleeping Optimism returns

Tue, 07 Jan 2014

By Margreet Dietz Jan. 8 (BusinessDesk) – Equities and bonds advanced as a larger-than-expected drop in the US trade deficit bolstered optimism about the accelerating pace of growth in the world’s largest economy, while a Federal Reserve official recommended maintaining a high level of stimulus. The US trade deficit narrowed more than expected in November, shrinking 12.9 percent to US$34.3 billion, Commerce Department data showed. "The report should dispel worries that fourth quarter growth will be really weak," Joel Naroff, chief economist...

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