FTSE retreats as Morrisons and Glencore drop – London Report September 15, 2015 BRITAIN’S top share index fell yesterday, with miner Glencore and supermarket group Morrisons underperforming as weak Chinese data and the possibility of a US rate rise weighed on markets. The blue-chip FTSE 100 index had initially risen but then lost ground to close 0.5 per cent lower at 6,084.59 points as caution crept in before [...]
US interest rate rise 2015: What will a Fed hike mean for global markets? September 15, 2015 The US Federal Reserve, after months of speculation, will announce on Thursday whether or not it is to raise its benchmark interest rate for the first time in nine years. Experts have questioned whether the US, and the world, is ready. Even the IMF has called for a delay. Unemployment in the States [...]
Sam Torrance’s Golf Comment: Walker Cup triumph was simply magnificent September 15, 2015 They were simply magnificent. I am of course talking about Great Britain and Ireland who beat a strong United States team on Sunday to regain the Walker Cup at Royal Lytham and St Annes. The Walker Cup is the pinnacle of amateur golf, the equivalent of the Ryder Cup. Great Britain and Ireland were [...]
Federal Reserve US interest rates hike: This is no Doomsday for emerging markets – The City View September 14, 2015 The prospect of a Federal Reserve rate hike looms large. On Thursday we will learn whether nearly 10 years of record low interest rates in the world’s largest economy are finally over. The date is a landmark because for much of this year consensus among economists has been for a September lift-off. The [...]
Fed and China worries push stocks down – New York Report September 14, 2015 MANY investors put off making big bets ahead of the Federal Reserve’s policy meeting this week, which, along with worries over weak economic data from China, pushed US stocks down yesterday. The Dow Jones industrial average fell 62.13 points, or 0.38 per cent, to 16,370.96, the S&P 500 lost 8.02 points, or 0.41 per cent, [...]
The US Federal Reserve won’t hike interest rates while markets wobble – eToro Tips & Picks September 14, 2015 It's a massive week for financial markets, as the Federal Reserve takes centre stage and with monetary policy the big talking point. Thursday sees the Fed make its latest announcement on interest rates, with many still uncertain as to whether we will see the much-anticipated hike this month or not. European markets remained [...]
Anglo American shares fall as miner completes sale of Norte copper mine after commodities fall hits profits September 14, 2015 Mining giant Anglo American completed the sale of its Chilean copper mines to an investor consortium led by Audley Capital. The sale of Anglo American's copper business Norte was announced in late August, as one of several cost-cutting measures to off-set the effects of the global commodities rout. Audley Capital and partner Orion Mine Finance [...]
Shanghai Composite Index shares suffer amid disappointing Chinese economic data September 14, 2015 Chinese shares came under pressure again today, after disappointing economic data stoked concerns that the world's second-largest economy is losing momentum. The Shanghai Composite Index closed down 2.7 per cent, taking it to 3,114.80 points, also constituting the sharpest one-day drop since late August. Mainland Chinese shares have shed nearly 40 per cent since its [...]
Federal Reserve’s US interest rates decision sets alarm bells ringing over global debt timebomb September 13, 2015 Global debt levels have hit dangerous heights, a top financial group has warned, leaving many countries vulnerable to a US rate hike which could come as early as this week. Recent swings in global stock markets are reflective of deep underlying problems in the global economy, the Bank of International Settlements (BIS) said yesterday. [...]
UK firms suffer a widespread dip in growth September 13, 2015 The UK economy looks to have cooled off over summer with new survey data showing businesses growing at their slowest for two years in August. The figures will add to concerns over the economy’s growth which were fed by a slew of negative data last week. Lloyds Bank’s purchasing managers’ index fell to a score [...]