Wall St closes worst month in three years – New York Report August 31, 2015 WALL Street wrapped up its worst month since 2012 yesterday on a sour note after comments from a senior Federal Reserve official heightened fears among investors of a potential US interest hike in September. The Dow Jones industrial average lost 0.69 per cent to end at 16,528.03 points and the S&P 500 fell 0.84 per [...]
Instability may put Fed hike on ice August 31, 2015 With oil so cheap, rising employment may not boost US inflation WHEN global markets dived last week, $900bn was wiped off the S&P 500 on Monday and Tuesday alone, and the prospect of a Fed rate hike in September went from consensus view to highly unlikely. But the end of the week brought promising news [...]
The US economy is powering ahead – despite China – eToro Tips & Picks August 31, 2015 SHARES in China rose during Friday’s Asian session as the resilience of the US economy once again impressed investors. US economic growth for the second quarter was revised up to an annualised 3.7 per cent, much more than the expected 2.3 per cent. The GDP print showed that, despite continued weakness out of China and [...]
Oil prices jump more than 10 per cent in biggest one-day rally since 2009 August 27, 2015 Oil prices went through their sharpest rise in six and a half years today, as the commodity benefited from recovering equity markets and reduced fears over China's economic slowdown. Read more: Commodities plunge to 16 year low as China fears push oil prices down further US crude finished the day 10.3 per cent higher [...]
FTSE 100 gains £60bn in one day as investors regain confidence August 27, 2015 It's been a rollercoaster of a week for the FTSE 100. Having lost £72bn on Monday, won half of it back on Tuesday and then suffered losses again on Wednesday, the direction the blue-chip index would head in next seemed far from certain. Read more: Emerging Market stocks and currencies rally on doubts of a [...]
Jackson Hole summit 2015: What is it, why is it important and who will be there? August 27, 2015 The annual central bankers' knees up in Jackson Hole, a mountain getaway in Wyoming, kicked off today. The "Davos" for central bankers features a heady mix of hiking trails and debates over monetary policy issues. This year central bankers, finance ministers, academics and financial market participants will chew over why inflation is so low, whether this is [...]
Emerging market stocks and currencies rally on doubts of a US rate rise August 27, 2015 Emerging markets made major gains today after doubts were cast over a US interest rate rise next month. Read more: US stocks rise sharply as investors recover from China panic The MSCI emerging markets index is currently 3.3 per cent higher, having climbed steadily since the start of trading. The rouble has also [...]
US GDP grew by much more than previously estimated in the second quarter August 27, 2015 The dollar jumped against a basket of currencies after revised data released today showed the US economy grew much more than previously estimated in the second quarter. The US commerce department said annual GDP rose 3.7 per cent between April and June, up from 2.3 per cent initially reported. It was buoyed by strong domestic demand, [...]
US markets rise but FTSE 100 closes lower as China uncertainty continues August 27, 2015 After a tumultuous session of trading yesterday during which traders on both the S&P 500 and the Dow Jones showed optimism until mass selloffs in the the final minutes of trading, both indices opened higher today, with the S&P rising 1.3 per cent per cent in early trading, while the Dow rose 1.8 per cent. [...]
Asian shares rebound on US gains, Shanghai Composite, Nikkei, Hang Seng up August 27, 2015 Asian shares staged a rebound in morning trading on the back of the Wall Street’s biggest one day gain since 2011. Markets were trading up across Asia, including China, following volatile trade yesterday and big losses earlier this week. Read more: US markets rise but FTSE closes lower as China uncertainty continues The Shanghai Composite [...]