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Prospects Daily: US consumer confidence falls; inflation moderated in Chile, Peru and Mexico but rose slightly in Brazil

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Financial Markets…U.S. Treasuries slid for the first time in four days, with the benchmark note yields 3 basis points to 1.62%, as a government report showed U.S. employers added more than forecasted jobs in November. U.S government bonds have advanced 2.8% this year as of yesterday, after gaining 9.8% in 2011 and 5.9% in 2010.

Prospects Daily: Japan’s GDP contracts at annualized 3.5% (q/q) in third quarter

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Financial Markets…Global stock markets fluctuated between gains and losses, following three consecutive days of losses last week, as strong Chinese exports data in October offset worries over a prospect of the so-called U.S. fiscal cliff and Greek woes. The benchmark MSCI global equity index just slipped 0.04% in afternoon trading.

Prospects Daily: Year-to-date global corporate bond sales rose to $3.43 trillion

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Financial Markets…Year-to-date global corporate bond sales rose to $3.43 trillion, already surpassing 2011’s full year total of $3.29 trillion, as further stimulus from global central banks pushed yields to record lows. Funding costs for the riskiest to the most creditworthy corporates are plunging as the persistent low-yield environment spurred unprecedented investor demand.

Istanbul Conference (Part I) - Germany's and Azerbaijan's Labor Market Reforms

Ulrich Hörning's picture

Governments worldwide are increasingly exploring policies that will remove the constraints or disincentives for individuals to have access to jobs. One set of interventions are active labor market programs. In Part 1 of a three-part series, we speak to Ulrich Hörning, Head of Administrative Reform in Mannheim, on Germany’s labor reforms of 2003-05. We also hear from Huseyn Huseynov, Advisor, Department of Social Protection Policy, Ministry of Labor and Social Protection of Population, Azerbaijan, who explains active jobs programs.

Prospects Daily: US treasuries gained and the benchmark 10-year bond yield edged down

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Financial MarketsUS treasuries gained and the benchmark 10-year bond yield edged down 1 basis point to 1.66%, after rising as high as 1.7% earlier, while the 30-year bond yield slid by 2 bps to 2.83% in early Friday session after a government report on wholesale price in September showed domestic inflation remained muted.

Prospects Daily: European stocks slipped on Friday with the benchmark index falling to a three-week low

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Financial Markets…European stocks slipped on Friday with the benchmark index falling to a three-week low as early optimism on Spain’s new austerity measures was short-lived.

Spanish 10-year bond yield rose back above 6% amid uncertainty over its troubled banks before stress test results, fading optimism on the country’s debt cutting plan, and a looming Moody’s rating review which may cost the country its investment grade rating. 

Prospects Daily: European shares and euro continue to slump

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Important developments today:

1. European shares and euro continue to slump as Moody’s cuts the rating outlook for Germany, the Netherland, and Luxembourg

2. Output in the Euro Area contracts for the sixth month in July

Prospects Daily: Crude oil prices fall from 9-week high

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Important developments today:

1. Crude oil prices fall from 9-week high

2. German producer price inflation falls to lowest in two years

Focusing on Job Quality and Youth

Jürgen Zattler's picture

Germany is one of the world's largest foreign aid donors, but like most countries the recent financial crisis poses challenges both at home and abroad. We spoke with Juergen Zattler – the Deputy Director General for Multilateral and European Policy in the German Ministry for Economic Cooperation and Development – about how the ministry approaches job creation in developing countries and whether any lessons could be drawn from Germany’s own recent labor market experience.


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