Janet Yellen gets new job as fellow at Brookings Institution think tank in Washington February 2, 2018 Janet Yellen’s tenure as Federal Reserve Chair might end this weekend, but instead of taking a well-earned break, she is moving on to a new job. She will begin work on Monday morning as a distinguished fellow at the Brookings Institution in Washington DC. The Brookings Institution is a self described “non-partisan” American research group [...]
Non-farm payroll: Pound falls against the dollar after US job openings beat expectations (GBPUSD) February 2, 2018 The dollar rocketed in lunchtime trading in the UK after official data showed the number of job openings in the US rose above expectations last month, following a disappointing showing in December. The closely-watched non-farm payroll figure came in at 200,000 in January, while last month’s figure was revised up from 148,000 to 160,000. Economists [...]
Wall Street may be calming down after its month long rally February 1, 2018 Wall Street’s bull run had been due a reality check for weeks. Yet when it eventually came, the only surprise was its speed and scale. The trigger was that time-honoured red flag – an analyst note which prompted US traders to question their recent run of frothy exuberance. On Monday morning, Goldman Sachs warned that [...]
John McDonnell is going to Davos with “a warning for the global elite” January 24, 2018 John McDonnell is “going to Davos with a warning for the global elite” – that they stand in the way of change at their own risk. Labour’s shadow chancellor, who is attending the annual summit alongside Prime Minister Theresa May and US President Donald Trump, as well as the world’s richest people, will tell them [...]
What to expect from Jerome Powell, US President Donald Trump’s new Federal Reserve head January 24, 2018 Jerome Powell has been confirmed as the new Federal Reserve chair after a vote of US senators last night. So what can we expect from the incoming head of the central bank? Powell, 64, is a multi-millionaire Republican with an estimated income of at least $20m, and a former partner of Carlyle Group. He trained [...]
Bristol City 2, Manchester City 3 (Agg: 3-5): Pep Guardiola savours reaching first final as City boss January 23, 2018 Trophy-hunting Pep Guardiola savoured reaching his first final as Manchester City boss as his quest to eclipse the achievements of his predecessors continued with victory over Bristol City in the Carabao Cup. Leading 2-1 from the first leg, Leroy Sane and Sergio Aguero all but put the tie beyond the Championship outfit, while Kevin de [...]
Bayeux tapestry loan an example of epic trolling January 22, 2018 Another day, another development in Brexit negotiations. But this time it’s a big one for the City and one that’s likely to prove the key battleground in trade negotiations with the European Union (EU) in the coming year. And as fed up as we might be with Brexit, there’s no escaping it. Not unless the [...]
A year of President Trump: seven charts that reflect market reaction January 19, 2018 Donald Trump became president of the US on 20 January 2017. Markets reacted positively to his pro-business rhetoric and his promise to cut taxes and spend big on infrastructure. The global economy was already picking up a significant head of steam for the first time since the financial crisis. But Trump’s election and his policies [...]
Music for the soul: How you can beat the January blues January 19, 2018 Ah, January. The month many claim to be the most depressing of the entire year, and which has the single most depressing day in its midst – Blue Monday, a day you’re probably glad to have seen the back of. Created by Cardiff University Professor, Dr Cliff Arnall, the date of Blue Monday is calculated [...]
Inflation hit costs British households £24bn in 2017 January 15, 2018 The rising tide of inflation has cost British households an extra £24bn in 2017, with commuters suffering the most, new analysis to be published today will reveal. The increase in inflation seen from 2016 to 2017 cost Britons more than £900 per household, according to Simon-Kucher and Partners, a consultancy. The rise in transport prices [...]