Australia powerless to stop England sealing the series in Manchester July 31, 2013 WILLIAM CHRIMES PREVIEWS THE THIRD ASHES TEST AND BILL ESDAILE GIVES HIS BEST BETS FOR GLORIOUS GOODWOOD ENGLAND’S toughest test this Investec Ashes summer might just come from the weather as they look to secure a fourth series in five contests. A belligerent 347-run victory at Lord’s shows England are in no mood to let [...]
Progressive Code Of Honor can get punters off to a flyer at Goodwood July 31, 2013 HENRY Candy’s CODE OF HONOR was a confident selection for this column a few weeks back at Sandown and he didn’t disappoint, storming clear and returning at a rather generous looking 4/1. I know connections were surprised the talented three-year-old was only put up 6lb by the handicapper for that easy three-length win and he [...]
Obama gives “full-throated defense” of Fed candidate Summers July 31, 2013 President Barack Obama has given a full defense of Lawrence Summers, according to House Democrats. Summers is tipped as a hot candidate to replace Ben Bernanke as chairman of the Federal Reserve when he departs. Representatives Gerry Connolly and Brad Sherman have said that Obama believed that Summers has been "unfairly criticised". While Obama is [...]
US growth beats forecasts in second quarter July 31, 2013 THE US economy grew at 1.7 per cent in the second quarter, according to official data released today. The figure beat analysts’ expectations of 1.2 per cent, a positive sign for the US recovery, after fears that federal spending cuts earlier this year would trigger an economic slowdown. The data is an improvement from the [...]
US data misses out on hat-trick as new orders stumble July 31, 2013 US data has just missed out on going three-for-three as the Chicago purchasing manager's index has missed, rising from 51.6 to just 52.3. That's the fourth miss of the last five prints. The headline number was leaked just before it was expected to be printed at 14.45. New ordesrs are down from 54.6 to 53.9, [...]
Rumours of Twitter float as Facebook trades close to IPO price July 31, 2013 Despite founder Jack Dorsey's protestations – many don't believe a Twitter float will be avoided for much longer. As Facebook's stock has seen a revival, speculation that we may see an IPO as early as this year is back. Floating at $38, Facebook has been considered a bit of an underperformer, but it's now come [...]
US not seeing slowdown, but acceleration as growth picks up in second quarter July 31, 2013 US GDP has come in at 1.7 per cent in the second quarter, well ahead of economist forecasts, with a consensus prediction of 1.2 per cent growth. That news has driven up the dollar against the pound (note that this is the second spike after good private sector job creation numbers 15 minutes before): GDP [...]
US private sector job creation suggests Friday’s unemployment number could be better than expected July 31, 2013 Private sector job creation totalled 200,000 in July, according to ADP employer services. That's up from 198,000 jobs created last month (revised from 188,000). Analysts had forecast job creation of 182,000 in July. Things are less spectacular for the manufacturing sector, which sees jobs down by 5,000. That's the sector's third drop in the last [...]
Draghi’s calls for publication of ECB minutes could help us unravel what’s going on July 31, 2013 European Central Bank (ECB) president Mario Draghi has told German newspaper that he wants to publish ECB minutes. A rough translation of his comments: "I consider this a necessary next step, therefore the ECB Executive Board to the Governing Council is a proposal. submit for discussion and decision, "he told the Süddeutsche Zeitung. (Süddeutsche Zeitung) [...]
US mortgage applications decline accelerates to two year low July 31, 2013 US mortgage applications have fallen 3.7 per cent in the week ended 26 July, from a 1.2 per cent fall the week before. That's a two year low for the mortgage applications index. The Mortgage Bankers Association purchase index fell by 3.4 per cent.
