Wall Street up as Fed signals December interest rates hike – New York Report November 18, 2015 Indications from the Federal Reserve’s October policy meeting yesterday that there is solid core of officials backing a possible December rate hike pushed US stocks up by more than one per cent. The Dow Jones industrial average rose 247.66 points, or 1.42 per cent, to 17,737.16, the S&P 500 gained 33.14 points, or 1.62 per [...]
FOMC minutes: Federal Reserve hints US rate hike in December is looking likely November 18, 2015 Get ready for lift-off. Barring “unanticipated shocks” the Federal Reserve looks set to raise US interest rates for the first time in nearly a decade before the year is out, show the minutes from the central bank’s latest rate-setting meeting in October. Interest rates have been at a record low since 2006, but with US jobs [...]
Investors bet on 2015 Federal Reserve interest rate hike as they pile cash into stocks and real estate – Bank of America Merrill Lynch’s fund manager survey November 17, 2015 Investors are gearing up for an imminent US interest hike and are piling cash into stocks, real estate and alternative investments, according to new survey figures. Four fifths of the 201 panelists – who have $576bn (£379bn) under management – said they expected a Federal Reserve interest rate hike before the end of the year, [...]
Markets will remain subdued after Paris attacks – eToro Tips & Picks November 16, 2015 Friday's horrific scenes in Paris will undoubtedly have an economic impact, and although it seems trivial to talk about financials and markets at a time of such horror and pain for so many people, the events will nevertheless leave their mark. Investors gravitated towards gold as a relative safe haven after a mixed start [...]
German growth slows as GDP edges up 0.3 per cent in third quarter November 13, 2015 The German economy grew just 0.3 per cent in the third quarter, an estimate published today showed – down from 0.4 per cent in the previous quarter. Although the figure met economists' expectations, it was nonetheless disappointing for those hoping for a stronger performance. Destatis, Germany's official statistics body, said that while final consumption expenditure [...]
Wall Street has worst day in two months – New York Report November 12, 2015 Wall Street suffered its worst session in over a month yesterday as lower commodity prices weighed on energy and materials stocks and comments by a Federal Reserve policymaker hinted at an approaching interest-rate hike. The Dow Jones industrial average fell 1.44 per cent to end at 17,448.07, the S&P 500 lost 1.4 per cent to [...]
US budget deficit shoots up in October November 12, 2015 The US federal government budget deficit hit $137bn (£90bn) in October, a 12 per cent increase on the same month last year, the Treasury Department said today. Total receipts edged down one per cent to $211bn while spending was up four per cent on the year to $348bn. The timings of certain payments were to [...]
Bearish Barclays economists foresee more trouble in China in their quarterly Global Outlook report November 12, 2015 "Curb your enthusiasm" was the message from Barclays economists, who doubted how long China's recovery could be sustained, and warned of "significant" disruption risks in their quarterly Global Outlook report. Christian Keller, head of economics research at Barclays, questioned how long China's rebound would last, saying he expected "further weakening activity" as underlying problems in the real estate [...]
India isn’t the new China – but Indian Prime Minister Narendra Modi’s UK visit is worth exploiting November 11, 2015 In 2010, David Cameron chose Bangalore for one of his first transcontinental visits as Prime Minister, promising that taking the economic relationship between India and Britain “to the next level” was a political priority. Since then, bilateral trade, investment and banking have shrunk relative to the size of the two countries’ economies. Both nations have [...]
Divergent monetary policy from the European Central Bank and the US Federal Reserve sends euro to seven-month low against the dollar November 10, 2015 The euro fell 0.6 per cent against the dollar to $1.0682, sliding to a fresh seven-month low against a backdrop of increasingly divergent monetary policy from the European Central Bank (ECB) and US Federal Reserve. Yesterday four ECB government council members hinted a consensus is forming at the Bank to take one of its benchmark interest rates deeper into negative [...]