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.
BRITAIN’S top share index hit a five-week closing high yesterday, bolstered by mining stocks, after the US Federal Reserve chairman Ben Bernanke signalled a commitment to monetary stimulus for the foreseeable future.
THE S&P 500 index and the Dow industrials closed last night at record highs, a day after Federal Reserve chairman Ben Bernanke said the Fed will keep a loose monetary policy for some time to lower the unemployment rate.
THE TOP share index ended slightly weaker yesterday, led lower by miners as disappointing Chinese trade data raised fresh concerns about the pace of growth in the world's biggest metals-consuming country.
The UK’S blue chip share index rose to one-month highs yesterday, backed by a fresh batch of strong domestic data and with heavyweight mining stocks cheered by forecast-beating results from US peer Alcoa.
US STOCKS rose for the fourth session in a row yesterday as investors bet that companies will be able to surpass the low bar set for earnings season, leaving room for better-than-expected results that could drive the rally further.
BRITAIN’S top share index rallied in thin volume yesterday as speculation about the divestment of the government’s stakes in Royal Bank of Scotland and Lloyds Banking Group lured buyers into UK lenders.
BRITAINS’ top share index posted its biggest gain for 20 months yesterday, boosted by cyclical financial, oil and mining stocks after the Bank of England and the European Central Bank signalled extended periods of monetary stimulus.
EUROPEAN stocks posted their biggest one-day jump in 11 months yesterday after central banks in Britain and the Eurozone signalled that, unlike the United States, they are in no hurry to unwind stimulus.
IT’S a big week for UK monetary policy. Mark Carney has just taken over as governor of the Bank of England and he’s got a lot to prove. He attends his first rate setting meeting on Thursday, but faces a delicate decision.