US Federal Reserve signals rate hike “likely” in June May 18, 2016 The Federal Reserve is likely to give US interest rates another hike next month, according to the minutes of its latest policy meeting published this evening. Unless the economy is blown off course, American ratesetters are gearing up to raise interest rates for only the second time since the financial crisis when they next meet [...]
Before the bell: What you need to know before the US market open May 18, 2016 Japan avoids a recession and the oil price could be about to climb over $50 per barrel for the first time this year. Here's what you need to know before the US market open at 2:30pm London time. Markets look flat before the open. S&P futures are dead-centre, not even a point off. The Nasdaq is down by 0.01 [...]
Rory McIlroy and Jordan Spieth had better recover their form soon or Jason Day will be out of sight May 16, 2016 It has been the subject of a three-way fight for some time but Jason Day took control of golf’s No1 ranking with an exemplary display to win The Players Championship at the weekend. Day demolished the field. He as good as killed off the competition with a first round of 63, and then cemented his [...]
Ryan Bertrand’s secret second career as a fintech entrepreneur – and John Terry is backing his latest venture May 11, 2016 The history of football’s relationship with technology is a chequered one, from the game’s long resistance to implementing goal-line gadgetry to the tale of former Aston Villa striker Darius Vassell taking a power drill to his toenail in the misguided belief that it would relieve pain. Ryan Bertrand hopes to change that perception. When he is [...]
The case for buying emerging markets on dips May 10, 2016 The beautiful magnolia trees are blossoming, and we all know what that means. Bluer skies over London, happy dogs in the parks, and speculation picking up about whether we’ll see a repeat of the “sell in May” strategy. Last week ended with a thud after a much weaker-than-expected US April jobs report. As soon as [...]
British No1 Andy Murray parts company with Amelie Mauresmo as coach count set to reach double figures May 9, 2016 Britain's Andy Murray is on the hunt for the 10th coach of his career after parting company with Amelie Mauresmo by mutual consent. The duo have worked together for the past two years, during which time world No3 Murray has won seven titles, including his first two on clay, but failed to add to his [...]
Mayoral election and local council results, Leicester City, Brexit and Donald Trump: Here’s what got us talking this week May 6, 2016 A man got so bored at work he decided to sue the company over it. Beyonce ditched Lemonade for watermelon water. And there was a Boatface volte-face. Here's what got us talking this week 1) The country went to the polls Whether you were north of the border or south of it, yesterday was a miserable day for [...]
US job openings growth was way lower than expected in April May 6, 2016 Job openings in the US slid back more than expected in April, figures published today showed – after one of the country's weakest quarters in years. The non-farm payroll figure fell to 160,000, against analyst consensus of 200,000 Last month's figures showed an unexpected rise in joblessness – although the number of job openings beat expectations. [...]
Does blaming slower growth on the EU referendum just mask deeper problems with the UK economy? May 6, 2016 James Sproule, chief economist at the Institute of Directors, says Yes. Economic data seem to suggest that UK businesses and consumers alike are holding back on long-term commitments as they are worried about the EU referendum. Quite possibly, but this is only part of the story. Economic slowdown is not just affecting the UK, it seems [...]
Donald Trump plans to drop fellow dove Janet Yellen… because of her political views (not monetary policies) May 5, 2016 Donald Trump has said he will ditch Fed Reserve boss Janet Yellen "when her time is up". The Presidential candidate, who this week became the presumptive Republican candidate after his rivals dropped out of the race, has indicted he would not reinstate Yellen when her current contract ends in February 2018. In typical Trump fashion, he [...]