Publication: MarketWatch

Quotes

...systems have grown rapidly in recent years and have become more complex, more interconnected and more global in their activities,' the report said. "The U K financial system is no exception, with a relatively concentrated banking system whose assets are equivalent to more than four times annual GDP."
"Information received since the FOMC met in April suggests that the pace of economic contraction is slowing" the statement said
...Mervyn King told a parliamentary committee Wednesday. "The program began only three months ago, so there are few indications of its effects. The little evidence that we do have, though, seems to be positive" King said, pointing to a pickup in broad money growth and indications the BOE's asset purchases have helped encourage private issuance in credit mar...
...' They also said that with focus on the bank's recent upgrade of its economic outlook, the BOJ must "explain its view of not only the direction of economic activity but also its level."

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NewsWatch: U.S. stocks seek further fuel for rally [Published MarketWatch - May 09 2009]
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