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Economy
In reply to the discussion: Weekend Economists Hit the New Year (and it hits back) Goodbye 2013 / Hello 2014! [View all]xchrom
(108,903 posts)45. World indexes finish vintage year, more gains seen in '14
http://uk.reuters.com/article/2013/12/31/uk-markets-global-idUKBRE9920LO20131231
(Reuters) - U.S. stocks were set to close 2013 at record levels, with world equity markets close to six-year peaks on Tuesday, while benchmark bond yields were poised for their first annual rise since 2009.
Ultra-easy monetary policies and an improving economic outlook worldwide led to a stellar year for stocks. Equity strategists see the gains continuing into 2014 as economic growth improves even as the Federal Reserve steadily trims its bond-buying stimulus.
"Things still look pretty solid at the end of 2013, (and) 2014 will be a better year with less fiscal drag," said Gus Faucher, senior economist at PNC Financial Services in Pittsburgh.
"The other thing is a better global economy. Exports will be better. Europe is coming out of recession. Growth in Asia is expected to re-accelerate."
(Reuters) - U.S. stocks were set to close 2013 at record levels, with world equity markets close to six-year peaks on Tuesday, while benchmark bond yields were poised for their first annual rise since 2009.
Ultra-easy monetary policies and an improving economic outlook worldwide led to a stellar year for stocks. Equity strategists see the gains continuing into 2014 as economic growth improves even as the Federal Reserve steadily trims its bond-buying stimulus.
"Things still look pretty solid at the end of 2013, (and) 2014 will be a better year with less fiscal drag," said Gus Faucher, senior economist at PNC Financial Services in Pittsburgh.
"The other thing is a better global economy. Exports will be better. Europe is coming out of recession. Growth in Asia is expected to re-accelerate."
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