Markets are hooked on one big event December 17, 2013 Markets are still fixated on one big event – The Federal Reserve announcement at 7.00pm tomorrow. The Federal Open Market Committee (FOMC) may decide to start slowing the pace of its asset purchases, as the US economy recovers and the Fed doesn't deem QE as necessary. Investors expect the withdrawal of that support to make [...]
All this analyst wants for Christmas is Fed tapering. Here’s why December 16, 2013 Most would put the uncertainty of a Fed tapering announcement near their top of big 2013 unknowns – and some strong data from the US has convinced some Fed watchers that they may start to remove monetary support. But the discussions over when the Federal Open Market Committee (FOMC) will actually get round to tapering [...]
One of the top candidates for Microsoft CEO just got snapped up by Qualcomm December 13, 2013 A day after rumours circulated that Steve Mollenkopf could be one of the top picks for the Microsoft CEO job, Qualcomm has announced that he'll be its CEO and president. Mollenkopf will take the lead from 4 March 2014 at the chip giant. He's been at the company for nearly 20 years, and replaces Dr. [...]
Turns out Friday 13th isn’t such an unlucky day for investors December 13, 2013 Friday the 13th might be lucky for some after all. Brian Lucey, professor of finance at the School of Business, Trinity College Dublin has posted some of the academic literature on how stocks perform on days like this. Turns out it's not too bad. Lucey found in his 2000 paper "Friday the 13th: International Evidence" [...]
It’s going to take the UK “some time” to get its AAA rating back December 12, 2013 Fitch's chief sovereign analyst, James McCormack, has told Reuters that "it is going to take some time" for the UK to get its AAA rating back. Ratings agency Fitch followed Moody's in downgrading Britain's sovereign rating to AA+ in April. "At the time I think that was the right call to make," McCormack told Reuters. [...]
Spike in US jobless claims could eliminate chances of December taper December 12, 2013 After some great US unemployment data last Friday, today's spike in initial jobless claims (for the week to 6 December) may mean that any chance of the Federal Reserve beginning tapering in December has vanished. Those initial jobless claims have jumped from 300,000 (revised up from 298,000) to 368,000. Analysts had anticipated an increase to [...]
It’s Groundhog Day for investors as Fed tremors continue to scare markets December 12, 2013 European markets are in the red as investors fret over the prospect of reduced asset purchases by the Federal Reserve. Mike van Dulken, head of research at Accendo Markets says that those Fed tapering fears are "ruling the roost". A surprise improvement in last Friday's unemployment data was originally greeted by rallies in US equities, [...]
Supergroup boss Dunkerton is right to be confident as sales jump by over 20pc December 12, 2013 In July, Supergroup boss Julian Dunkerton took great pride in the turnaround he's achieved at the head of the company. "Where there were doubters, now there are none," he said, hailing a "return to form". Today's results show that he's yet again earned that confidence – as Supergroup's sales for the 26 weeks to 27 [...]
This one chart shows how we’re drastically better off than in 1970 December 11, 2013 The washing machine is one of the many unsung heroes of economic growth – the benefits of which many of us would not want to live without. That's why the chart below is fantastic news. The ownership of washing machines in the UK from 1970 to now has skyrocketed. This data, from the Office [...]
Pictures: London shrouded in fog December 11, 2013 HMS Belfast & Tower Bridge (Laura Lean/City A.M.) The Shard & London Bridge (Laura Lean/City A.M.) Southwark Bridge (Laura Lean/City A.M.)
