Jason Day: New world No1 has made $6m in two months to take 2015 PGA Tour earnings to $9.2m September 23, 2015 Jason Day has pocketed more than $6m (£3.9m) from an incredible run of form in the last two months which has pushed him above Rory McIlroy and Jordan Spieth to golf's No1 ranking. Read more: Day rids himself of nearly man status with maiden Major success The Australian has stormed to the No1 spot after winning [...]
The future of the FTSE 100: What next? The quarterly reshuffle has changed the complexion of the leading index September 23, 2015 The Bloodbath continued yesterday as mining shares plummeted further and the FTSE dipped below 6,000 points. Glencore, whose shares fell by 10.63 per cent yesterday, only graduated to the elite index in 2011, but the commodities supercycle has come to a juddering halt, depressing the internationally exposed FTSE. This week also saw one [...]
Volkswagen crash hurts Wall St indices – New York Report September 22, 2015 A SELL-OFF in commodities dragged down materials shares yesterday, while Volkswagen suppliers’ shares dropped following the German carmaker’s emissions scandal. The Dow Jones industrial average fell 179.72 points, or 1.09 per cent, to 16,330.47, the S&P 500 lost 24.23 points, or 1.23 per cent, to 1,942.74 and the Nasdaq Composite dropped 72.23 points, or 1.5 [...]
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 [...]