IMF’s Christine Lagarde says downside risks to global growth increased September 22, 2015 International Monetary Fund (IMF) boss Christine Lagarde today warned that the downside risks to the global economy have increased. "The downside risks are greater than they were," Lagarde said at a Brookings Institution event on global economic growth. She cited the commodity price rout, monetary policy realignment, as well as China. Fresh concerns over the [...]
Solheim Cup 2015 row: Europe were better off losing after ‘concession’ controversy – Sam Torrance’s Golf Comment September 22, 2015 Honesty and fair play are cornerstones of golf, so the row that erupted during the Solheim Cup between Europe and the United States on Sunday jarred horribly with everything this great game should be about. I was extremely disappointed with Europe’s behaviour after it emerged that American Alison Lee had picked up her ball [...]
QE programme details: Why all eyes are on ECB president Mario Draghi this week – eToro Tips & Picks September 21, 2015 The markets continue to be dominated by last week’s Fed rate decision. The Fed seems to have caused more concerns about emerging markets by not raising rates than it would have done if it had tightened policy. Investors are still trying to decipher just what last week’s meeting means for the markets and [...]
Fed’s decision gives housing stocks a boost – New York Report September 20, 2015 THE FEDERAL Reserve’s decision not to hike interest rates may have brought renewed volatility and a stock market selloff, but it also carved out breathing room for a couple of sectors: dividend payers and housing stocks. With 10-year Treasuries now yielding around 2.14 per cent, the 2.2 per cent dividend yield of the overall S&P [...]
As it decides to leave interest rates on hold this month, will the Federal Reserve hike at all this year? September 20, 2015 Dario Perkins, chief European economist at Lombard Street Research, says Yes. Janet Yellen is signalling that the Federal Open Markets Committee (FOMC) is now close to raising interest rates and probably would have done so last week had it not been for jittery markets and widespread speculation about a global economic slowdown. I suspect she [...]
Most Londoners want a career change, but are too scared to take the leap September 18, 2015 The majority of people working in London are fed up with their jobs and want a career change, according to a new report by the London School of Business and Finance. By carrying out a survey on adults from different parts of the UK, the researchers found that 55 per cent of those in [...]
Asian markets lifted by US Federal Reserve decision to hold rates September 18, 2015 Asian markets were higher this morning after the Federal Reserve held fire on interest rates last night amid fresh concerns over the global economy. Japan's Nikkei slipped 1.4 per cent, but elsewhere most shares were up. Hong Kong's Hang Seng Index rose 0.3 per cent, while China's Shanghai Composite Index shrugged off earlier losses to trade [...]
Fed up markets down? It’s about funding not rates September 18, 2015 Global markets were sent into a tailspin yesterday after the Federal Reserve held fire on interest rates amid fresh concerns over the Chinese economy and emerging markets. But market mavens should be paying attention to funding, rather than interest rates. It’s frequently said and not always in jest, that the credit markets are smarter than the stock [...]
Federal Reserve puts US interest rate rise on hold: Global risks trigger Fed chair Janet Yellen’s dovebomb September 18, 2015 The Federal Reserve left interest rates unchanged last night, sending markets on a roller coaster ride as investors struggled to understand the economic factors behind the dovish decision. Trading was turbulent after the Fed announced its decision to hold rates, with the three major US indices first hitting session highs, and briefly turning negative [...]
How the world reacted to the Federal Reserve interest rate decision: Emerging markets soar and US stocks whip about on Fed’s decision not to hike rates September 17, 2015 Emerging markets took off after the Federal Reserve’s decision to hold interest rates steady at a historic low – but the dollar swooped on the news. Blaming a shaky global economy, the Fed’s Federal Open Market Committee voted to hold its fire on a US rate hike, leaving interest rates at the zero to a [...]