Data will show Fed’s appetite – New York Report October 11, 2015 FIGURES out this week will give another indication regarding the appetite of the Federal Reserve to raise rates from historic lows before the end of the year. Producer prices for last month, published on Wednesday, are expected to remain negative, down 0.8 per cent year on year. September inflation data, to be released on Thursday, [...]
Employee exodus: The housing crisis is now a dire threat to the future of London’s businesses October 11, 2015 Tomorrow will see a key intervention in the housing debate. Business leaders from across the capital will launch a major campaign called Fifty Thousand Homes. That’s the number of houses we need to build a year to keep up with London’s growing population. Housing costs are becoming a problem for employers as much as [...]
Dow crosses 17,000 for first time in weeks – New York Report October 8, 2015 Signs of dovishness in the Federal Reserve September meeting minutes which shed light on its decision to keep interest rates near zero helped to maintain an upward momentum in US stock markets. The Dow Jones industrial average rose 137.86 points, or 0.82 per cent, to 17,050.15, the S&P 500 gained 17.56 points, or 0.88 per [...]
US Federal Reserve September meeting minutes: Members worried about low inflation October 8, 2015 The US Federal Reserve held off raising interest rates in September due to concerns about low inflation. The minutes from the meeting on September 16 and 17 released today showed some Fed officials said they weren't any more confident that inflation would return to the target of two per cent in the next two years. [...]
US jobless claims fall to lowest in almost 42 years October 8, 2015 The (albeit brief) US jobs market scare is over. The number of people in the US filing for jobless benefits has hit its lowest proportion of the labour force since records began in 1948, quelling fears that the US labour had slowed. Figures last month from the US Bureau of Labour showed the number [...]
Federal Reserve Chair Janet Yellen reiterates US on course to hike interest rates this year October 7, 2015 Federal Reserve chair Janet Yellen today reiterated that the US is on course to raise interest rates this year. Speaking a week after the Fed delayed a rise in borrowing costs, she said inflation is being weighed down by temporary factors such as a strong dollar and low oil prices. However as these decrease inflation [...]
Why mobile ad blocking is good for the advertising industry October 7, 2015 Over the last few weeks it has been impossible to read any trade publications without encountering an article on ad blockers. With the introduction of iOS 9 last month, mobile ad blocking risks rising, as users receive the opportunity to opt out of advertising. Rather than descend into a blind panic about ad blockers and [...]
The Bank of England’s October minutes and interest rate decision: What economists will be watching October 7, 2015 With the minutes from the Bank of England's October meeting expected to be somewhat uneventful, economists are preparing to drill into the detail for clues as to when it will start raising interest rates. Tomorrow's meeting is the one before so-called "Super Thursday", which will see the release of the Bank's interest rate decision, minutes and [...]
Wall St dips on third-quarter earnings jitters – New York Report October 6, 2015 A five-day winning streak came to an end on Wall Street yesterday, as investors focused on upcoming quarterly reports that are expected to reflect a dip in corporate earnings. The Dow Jones industrial average edged up 0.08 per cent to end at 16,790.19 points. The S&P 500 lost 0.36 per cent to 1,979.92 and the [...]
World oil rally pushes Wall St acceleration – New York Report October 5, 2015 RISING oil prices boosted energy stocks in the US yesterday, with the S&P 500 up for a fifth day in a row for the first time this year, while investors also bet the Federal Reserve would delay raising interest rates until 2016. The Dow Jones industrial average rose 304.06 points, or 1.85 per cent, to [...]