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Reuters Today: Softly-softly into the Yellen era

Friday, January 31, 2014 - 04:37

Jan. 31 - Janet Yellen will take pains not to rock markets as she takes over at the Fed, says ING senior economist Carsten Brzeski, and more signs of recovery in Spain as bank earnings pick up.

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Coming up find that you might get in the top job at Microsoft. -- -- -- Meaning not healthy media in China. The fact that the dawn of a new ad lakes and the US and Janet -- takes it back at the federal is that an adequate testing start -- adult with the Fed's plan to reduce bond buying blamed for much talent and -- -- market currencies. Jamie now is IG senior economist constant is -- Cost swift jump -- and is it a case says softly softly as she goes. Nothing is exactly that will be at -- view than most things that mr. Bernanke are you kind of did part of her job because he started the tapering. This makes her life easiest to what you will have to do right now is it's really kind of implement the tapering strategy. Make clear to market that it's a gradual tapering. Make clear to market the tapering does not mean tightening so really communicate very clearly. At any rate hike in the US will not happen this year but at the earliest in 2015. And is -- costs and he's seen all this turmoil in the markets. You know weighing now waiting to see that -- countries in an imagine markets puts on capital controls so we have that nuclear option yet. Not a good rethink their cap restrictions are the nuclear option because that is something that -- effect tomorrow -- will will never forget. That what we have one. We reduce -- -- civilization right now I think we do things will have to get much worse. Before. Countries governments central banks in emerging markets would draw this nuclear option. ECB next week as well some. Well basis database and inflation this. All key assists and do you think there is at risk of disinflation. I think it did that did this inflation there I think deflation is not there that's obvious. I would expect even as a slight drop in headline inflation today. Thing is that the -- -- -- -- here at the last meeting. That monetary policy decisions should not be leading one to one. On any changes in headline inflation to this means we do see gradual recovery we do see very low inflation. Think these geese fly within it but they will be on higher that are there will continue to be on high alert and if anything happens. To the have you seen it strengthens emerging market turmoil continues. And then they would did not hesitate to act but this will not be the case next week but maybe in March. Thank you very much cause in resisting that from ING. Incorporate these keep an eye on Microsoft tool that the software giant maintain its new boss later today. The front runner reporters be such an -- currently head of -- cloud computing division. Okay pundit Bill Gates also expected to step aside as Shannon to be replaced by each independent threat that John Thompson. Gates set to stay on as a direct today. I feel and -- -- next on the side of the Atlantic more signs of recovery in Spain when number two bank of BB BA. And smaller rival Cai said bank of but the reporting a jump in profits beat BBA seeing full yet earnings rise by -- that's 22 point two debating here is. Says out of the 2014 has improved significantly. BP is seeing court regret for the fast time and point -- hobby is the British -- reporting Q percent rise in revenues. Thanks to strong democracy responsible parent and it's news sports TV Savvis. Well he is don't carry set to meet with Ukraine in opposition and he is late today. The US secretary of state TH -- -- on the sidelines of a security conference in Munich. The tools comments Ukraine's political crisis deepens the country now facing a political back he -- prime minister Viktor Yanukovich. Said he was going on -- me. Ukraine wracked by weeks of protests often the government rejected because it ties with the EU in Spain the deal with Russia. That's it for now I'll leave you with some images of the N Beijing Chinese need it today but it's not the -- -- you pull us. Authorities in Beijing Wednesday detonations towards each or five crack has been such talks. I'm -- long. -- -- --

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Reuters Today: Softly-softly into the Yellen era

Friday, January 31, 2014 - 04:37