Why it’s too risky for Mark Carney to move interest rates for Brexit July 31, 2019 The Bank of England risks upsetting the economy if it changes interest rates before there is more clarity about Brexit, some of the City’s top economists have warned. Ahead of the Bank’s key meeting tomorrow, City A.M.’s shadow monetary policy committee (MPC) has said worries over slowing economic growth are outweighed by growing concerns that [...]
Fed interest rate cut: Will Donald Trump get what he wants? July 31, 2019 The US Federal Reserve is set to cut interest rates for the first time in 10 years this evening, with the raging trade war with China and signs of slowing momentum darkening policymakers’ moods. Yet US economic growth is stronger than its peers and unemployment is at record lows, meaning the Fed will likely plump [...]
Stock markets slide as Donald Trump lashes out at China before key meeting July 30, 2019 US President Donald Trump has fired a broadside at China ahead of the two sides’ trade negotiations, criticising its economy and saying the US has “all the cards”. Read more: ‘Faulty thought process’: Trump lashes out at Fed – again The attack has sent global stock markets sliding as the tensions between the world’s two [...]
Could this be the biggest monetary policy meeting in years? July 30, 2019 The Federal Open Market Committee (FOMC) begin a two-day policy meeting today, the results of which are the most hotly anticipated in a long time. The market consensus is they’ll cut rates, but how likely is that? Stocks are currently at record higher, based on a certainty that short-term interest rates will be cut for [...]
Reckitt Benckiser cuts full-year guidance after ‘slow start to the year’ July 30, 2019 Consumer goods company Reckitt Benckiser cut its full-year revenue guidance today, blaming poor performance in its health division. The Nurofen-maker said it was cutting its 2019 net revenue target to plus two-to-three per cent like-for-like growth from a previous target of plus three-to-four per cent. For the first half the firm posted a like-for-like performance [...]
Unflappable Brooks Koepka shows why he’s world No1 and tees up intriguing FedEx Cup battle with Rory McIlroy July 29, 2019 Major wins may have been behind Brooks Koepka’s rise to world No1 but he was always going to start becoming more prolific across the board – he is just too good not to. The American underlined that fact in magnificent style on Sunday, winning only his third PGA Tour event outside of the Majors at [...]
Stop all that corporate drivel and get to the point July 29, 2019 Lots of recent heavy-duty research suggests that millennials and generation Z are different from other consumers. According to such studies, these younger generations care more about ethical issues and the environment, they want to know what their pensions and investments are being used for, and they want to buy from companies that have a higher [...]
Fed set to cut interest rates for first time in 10 years July 28, 2019 The US Federal Reserve is poised to cut interest rates for the first time in a decade when it meets this week in a preemptive effort to stave off the effects of trade tensions. Read more: US economic growth falls short of Trump’s target Market players think it is certain that the Fed will cut [...]
A mechanical wristwatch may be based on 19th-century principles – but that doesn’t mean it’s immune to innovation July 23, 2019 The idea of “new technology” in Swiss watchmaking seems rather oxymoronic – especially when you consider how much stock this rose-tinted industry places in heritage and hand craftsmanship. But as mechanical watches have reasserted themselves in recent decades, after near-decimation at the hands of quartz technology back in the 70s, the more forward-minded brands are [...]
Traders foresee small Fed interest rate cut July 21, 2019 The US Federal Reserve is set to lower interest rates for the first time in nearly a decade when it meets at the end of this month, although there is confusion about the size of the cut. Read more: ‘Faulty thought process’: Trump lashes out at the Fed Market participants now think it is certain [...]