Do markets have much to celebrate going into 2019? Analysts say anything is possible January 2, 2019 Is a rebound across global indices on the cards in 2019? Callum Keown asks top analysts for their predictions. AS 2019 begins, the year inherits a smorgasbord of risks and uncertainty from a tumultuous 2018, which was characterised by market volatility, global growth concerns and emerging market crises. US stock markets had their worst year in [...]
FTSE 100: These are the biggest winners and losers of 2018 January 2, 2019 THE UK market felt the impact of Brexit last year as politicians scrambled to reach a deal on Britain’s fast approaching departure from the European Union. With a vote on Theresa May’s heavily criticised deal not expected until mid-January, and as the government pumps billions into planning for a no-deal Brexit scenario, it seems unlikely [...]
White House assures Fed chairman job is safe despite Trump’s Christmas Eve criticism December 26, 2018 A White House official has assured that the head of the US Federal Reserve is not at any risk of losing his job, amid jitters on Wall Street throughout December caused in part by Trump’s criticism of the Fed. Asked on Boxing Day if Fed chairman Jerome Powell’s job was safe, economic advisor Kevin Hassett [...]
Oil prices hit new 14-month low after global selloff December 20, 2018 Oil prices fell to another 14-month low earlier today as markets worried a slowdown in the US economy could hit demand. The Brent crude standard dropped over four per cent to breach the $55 per barrel mark, landing as low as $54.82. Speculators were spooked after international markets fell on the US Federal Reserve’s decision [...]
Federal Reserve goes through with expected US interest rate hike, chair Jerome Powell says he is ‘not worried’ about Trump criticism December 19, 2018 The US central bank, the Federal Reserve, has confirmed it is raising interest rates for a fourth time this year in the face of sustained opposition from President Donald Trump. As expected before the announcement, the Fed said it would hike interest rates by 0.25 to a range of 2.25 per cent 2.5 per cent [...]
From tech to Trump – here’s what prompted the big market moves of 2018 December 18, 2018 From Brexit to trade wars, nothing has been plain-sailing about 2018. It’s been a year of peaks and troughs across all major markets, so let’s have a look at the big moves of the past 12 months. Tech in turmoil This was the year when the tech giants raced to become the first ever $1 [...]
Trump attacks Federal Reserve again in row over interest rates hike December 17, 2018 President Donald Trump has continued his spat with America’s central bank, the Federal Reserve, ahead of its interest rates announcement this week. The Fed is expected to raise interest rates for the fourth time this year on Wednesday, a decision Trump today called “incredible” on Twitter. “It is incredible that with a very strong dollar [...]
Federal Reserve expected to raise US interest rates this week as all eyes on predictions for 2019 December 16, 2018 The US Federal Reserve is this week widely expected to raise interest rates for the fourth time this year, with an anticipated range of between 2.25 and 2.50 per cent. But doubts have begun to emerge about Wednesday’s announcement among analysts, after comments from Federal Reserve chairman Jerome Powell that the level of interest rates [...]
Editor’s Notes: The Bank of England must protect its independence December 7, 2018 Former chair of the US Federal Reserve Janet Yellen once said “the principle that a central bank should be independent from the government is unassailable.” Donald Trump probably thinks unassailable means you can’t sell it, but even if he understood Yellan’s point he seems determined to ignore it. His broadsides against Fed policy are quite [...]
From Northern Rock to lunch tables, no one is immune from the herd mentality December 5, 2018 The Bank of England and Federal Reserve held a two-day conference last week in London on big data and machine learning. All very interesting stuff. There was an intriguing vignette as we emerged from the conference room for the frugal lunch on the first day. Straight ahead was a table with sandwiches, fruit and the like. [...]