How the Fed will determine when to hike interest rates – DailyFX Tips & Picks June 1, 2015 IT WILL be an interesting week for those trying to figure out the Fed’s next move, and consequently for those trading dollars (as higher rates should increase demand for the greenback). Core personal consumption expenditures (PCE), non-farm payrolls, and the unemployment rate are all released. It’s these measures the Fed tries to control by raising [...]
US GDP beats expectations – but still falls by 0.7 per cent May 29, 2015 US GDP fell by 0.7 per cent in the first three months of the year, official statistics published today showed – better than the 0.9 per cent drop expected by analysts, but nevertheless a disappointing performance. The figure is a sharp fall from the 0.2 per cent growth originally estimated for the first quarter, although [...]
Yellen remarks signal change – New York Report May 25, 2015 FOLLOWING Fed Chair Janet Yellen’s confirmation last week that she expected the US central bank to raise rates in 2015, the market is expected to become choppier over the coming weeks. Though the process is expected to be gradual, with the timing of the first hike dependent on the strength of economic data, Yellen’s tone [...]
US interest rate hike: Are emerging markets in for a bumpy ride? May 25, 2015 Developing economies are better prepared to withstand higher US interest rates. A slowdown in global trade and investment growth, as well as a fall in commodity prices are dominating the outlook for emerging economies. Major central banks – notably China, India, Indonesia and Turkey – have focused on cutting interest rates to shore up [...]
“Sell in May and go away, don’t come back till St Leger Day”: With a week to go, should you sell in May? – CNBC Comment May 25, 2015 You have a week left to make up your mind about what to do with your money. But don’t panic – there’s no reason to call your broker just yet. This countdown only applies if you believe the much-touted adage for investors, “sell in May and go away, don’t come back till St Leger Day”. [...]
US stocks fall on Fed inaction – New York Report May 20, 2015 US STOCKS ended a touch lower yesterday after Wall Street saw little in the minutes from last month’s Federal Reserve meeting to alter expectations of when the central bank will raise interest rates. Following the minutes’ release, the Dow and S&P 500 pushed into record territory before giving up their gains. Officials at the Fed’s [...]
As Japanese growth picks up pace, can we expect QE in the Eurozone to be as successful? May 20, 2015 Christian Schulz, senior economist at Berenberg, says Yes Since early 2013, when Japan’s QE became imminent, its average quarterly annualised GDP growth rate has risen to 1 per cent, from 0.2 per cent in 2011/12. In the Eurozone, with the European Central Bank (ECB) launching QE, GDP expanded by 1.6 per cent in the first [...]
UBS to pay US authorities $545m over forex-rigging scandals May 20, 2015 UBS is to pay $545m (£351.7m) to US authorities to settle a series of investigations into the bank's alleged rigging of the foreign exchange markets and Libor. The Swiss bank confirmed the total, to be paid to the Department of Justice, the board of governors of the Federal Reserve and the Connecticut Department of [...]
Home permit data boosts US – New York Report May 19, 2015 US STOCKS ended mixed yesterday, with the Dow rising marginally to a second straight record high, as Wall Street digested housing data that some saw as hopeful for an economy struggling to grow. US housing starts jumped to their highest level in nearly seven and a half years in April. Some investors interpreted that as [...]
Apple helps to send Wall St to new highs – New York Report May 18, 2015 T HE DOW Jones industrial average and S&P 500 ended at record highs yesterday, helped by a rally in Apple as well as tepid economic data suggesting the Federal Reserve may wait to raise interest rates. The S&P 500 racked up its third straight all-time high close, gaining 6.47 points, or 0.3 per cent, to end [...]