London Report: FTSE stalls at a five-month high as big storm hits October 28, 2013 BRITAIN’S blue chip share index steadied yesterday after hitting a five-month high, stalling just above the key 6,700 points level as a mixed crop of earnings led to profit taking and bad weather curbed activity. Airlines were among those hit by profit taking, as the St Jude storm in Britain disrupted flights. Easyjet dropped 2.3 [...]
New York Report: S&P 500 closes at record figure on US Fed talks October 28, 2013 THE S&P 500 closed at another record high yesterday as expectations were lifted that the Federal Reserve will keep its stimulus in place when it meets this week. But the overall market was little changed, with the Dow and Nasdaq ending down slightly, after the recent sharp run-up in the stock market lost some momentum. [...]
CNBC Comment: Caution reigns over Fed taper decision October 28, 2013 WITH Christmas just around the corner (according to one retail analyst, seasonal merchandise has been on the shelves since early August – a new record), markets are now focusing on the final quarter of the year. The Federal Open Market Committee’s meeting tomorrow will be closely watched for hints about how far away the Fed’s [...]
DailyFX: Analyst picks October 28, 2013 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Short dollar-yen, long Aussie-yen Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few weeks Yen crosses have been volatile this past week, and both my long Australian dollar-yen and short dollar-yen have seen an uptick in volatility – in the wrong direction [...]
The NHS needs a complaints handling revolution says new review October 28, 2013 2,500 responses describing lack of care and compassion, and deep dissatisfaction with the way in which complaints had been handled were received by a review looking into the way the NHS handles complaints. The independent report, commissioned by the prime minister and health secretary Jeremy Hunt, follows the failings at Mid Staffordshire NHS Trust and [...]
Dallas Fed: October sees less optimism of business conditions but manufacturing activity strengthens October 28, 2013 Perceptions of business conditions in Texas were less optimistic in October, as the Dallas Fed manufacturing business index came in at 3.6 – still positive, but down from last month's reading of 12.8. Texas produces more than 11 per cent of total manufactured goods in the US, putting it second behind California in factory production. [...]
US debt problem may be solved sooner than expected October 28, 2013 America's debt problem may be solved sooner than many think, according to new research from Capital Economics. Their analysis suggest that in the short term, rising GDP growth and a limited rise in interest rates will contain American debt. The sharp fall in the size of the deficit means that America is no longer expected [...]
St Jude unlikely to have a significant impact on UK economy October 28, 2013 After strong winds battered the UK today, causing nationwide damage, as well as disruption to transport networks across the City, Howard Archer of IHS Global Insight suggests that the impacts won't be long lasting for the UK economy. Archer says that he doesn't think the storm "will have a significant impact on the economy" as [...]
US home sales fall for fourth month running in September October 28, 2013 US pending home sales have fallen by 5.6 per cent to 101.6 in September, after estimates of just a 0.5 per cent fall and last month's decline of 1.6 per cent. The index, which is based on contract signings, is at its lowest since December 2012 (101.3). The National Association of Realtors' Lawrence Yun said: "declining [...]
US industrial production leaps past analyst expectations in September October 28, 2013 US industrial production has jumped up by 0.6 per cent in September. Analysts had expected production to rise at the same 0.4 per cent rate as it did in August. Underlying indicators were more mixed, with manufacturing output rising by just 0.1 per cent. Capacity utilisation rose from 77.9 per cent to 78.3 per cent, [...]