THE INSURANCE market is not always seen as the most innovative sector, but this reputation may be undeserved. Major institutions, as well as new market entrants, increasingly provide inventive ways of helping you bring down your premiums.
THE BANK of England’s decision to link interest rates to unemployment was widely expected. Accordingly, interest rates could remain at all-time lows until at least the middle of 2016. So what does this mean for investors?
MANAGING God’s money would test the patience of Job. The archbishop of Canterbury discovered this last week when his attempt to take on payday lender Wonga exposed the Church of England to accusations of hypocrisy.
INDEPENDENT SCHOOL fees have risen by an average of 3.9 per cent in the past year according to research by the Independent Schools Council. While this is the lowest annual rise since 1994, paying for your children’s education remains costly.
WALL Street is experiencing its best month since January and looks poised to extend the rally with a deluge of earnings this week, though significant gains may be harder to come by with major indexes at record highs.
THE DOW Jones and the S&P 500 closed at record highs yesterday after Morgan Stanley and others reported better-than-expected earnings and Federal Reserve chairman Ben Bernanke’s comments further reassured markets.
BRITAIN’S FTSE 100 rose yesterday, with miners cheered by a string of solid output numbers from the likes of BHP Billiton, and with the US Federal Reserve reassuring that stimulus will only be cut if the economy is strong.
THE S&P 500 snapped its eight-day winning streak yesterday after disappointing sales from Coca-Cola, while investors turned cautious on the day before the Federal Reserve chairman’s congressional testimony.
ONE Chinese economist suggested on Monday that five straight quarters of growth at less than 8 per cent was “a clear sign of financial distress.” I would dare him to say the same to the Spanish Prime Minister.
BRITAIN’S blue-chip stock index recorded a six-week closing high yesterday, with banks leading the advance after strong results from US bank Citigroup improved investors’ outlook on the financial sector.
AFTER the latest Federal Open Mark Committee minutes, and Fed chairman Ben Bernanke’s reiteration that easy monetary policy “is needed for the foreseeable future,” we remain in an environment favourable to equities.