There’s a hint of the financial crisis about this market rout – eToro Tips & Picks August 24, 2015 CHINA and global growth fears are likely to dominate markets throughout the week, after they were hammered yesterday in yet another rout for investors. Oil markets have followed equities downwards and there is unlikely to be a reprieve for European and US equity markets as we go through the week. There is very much a [...]
Black Monday: Equities bloodbath continues on US markets as Dow Jones and S&P 500 plummet August 24, 2015 US markets continued the trend set by global markets, plummeting in mid-morning trading, with the the S&P 500 and Dow Jones both trading more than four per cent down. That followed huge falls in Asia and Europe, with the FTSE 100 tumbling below 6,000 for the first time since 2012, while stocks in China fell [...]
Investors seek signs of rate hike from Fed – New York Report August 23, 2015 ALL EYES will be on Jackson Hole, Wyoming, this week, as the Federal Reserve begins its annual meeting. Investors will be looking for any signs that the central bank is increasingly worried about global issues or whether it is going ahead with what had been a widely-expected interest rate hike in September. The Fed has said its [...]
TfL Tube strike 26 and 28 August 2015: Driverless trains would break the militant unions forever August 23, 2015 This week, fed-up Londoners will be forced to endure two more Tube strikes. And this despite Transport for London having already offered the unions: a two per cent salary increase this year, inflation-protected rises in 2016 and 2017, a £500 bonus for all staff on Night Tube lines, £200 extra per Night Tube shift for [...]
Middle East stock markets plummet August 23, 2015 Low global oil prices as well as a decision by credit ratings agency Fitch to cut its outlook for Saudi Arabia weighed on stock markets in the Middle East today. The Dubai Financial Market fell almost seven per cent to 3,451.48 points, while Saudi Arabia's benchmark exchange was also down seven per cent to 7,441.33 points. [...]
Identity of Canary Wharf’s resident seal revealed August 21, 2015 Just last week we asked our readers to settle the debate over the identity of Canary Wharf’s resident seal. Now, senior fisheries inspector at Billingsgate Market Barry O’Toole has exclusively revealed that the notorious marine mammal, who lives underneath the market and is fed the freshest salmon in London by resident fishmongers, is called neither [...]
FTSE suffering longest losing streak since 2011 – London Report August 21, 2015 BRITAIN’S top share index fell to its lowest point in seven months yesterday, its worst losing run since 2011 as investor concerns over the global economy resurfaced. The blue chip FTSE 100 index dropped 0.6 per cent to 6,367.89 points, its lowest level since January. The index was down for the eighth straight session and [...]
Manufacturers and home sales buoy US outlook August 20, 2015 Manufacturers in the Philadelphia region are growing strongly this month, according to survey figures released yesterday, easing fears over the sector’s health. Meanwhile, US existing house purchases rose to an eight-year high last month, showing that consumer spending was in fine fettle. The Philadelphia Federal Index ticked up to a score of 8.3 this month from [...]
Tiger Woods shoots lowest round for two seasons at Wyndham Championship August 20, 2015 Fallen former world No1 Tiger Woods has rekindled hopes that his days as a golfing force may not be over by shooting his lowest round since 2013 yesterday on the PGA Tour. Woods, who has plummeted to 187th in the rankings, carded a 64 at the Wyndham Championship – a tournament he needs to win [...]
Fed minutes raise concerns – New York Report August 19, 2015 US STOCKS fell in choppy trading yesterday as minutes from the latest Federal Reserve meeting highlighted concern over the state of the global economy. This drove markets to question the likelihood that the central bank will interest raise rates next month. The Dow Jones industrial average fell 162.61 points, or 0.93 per cent, to 17,348.73, [...]