10 themes Goldman Sachs thinks will dominate markets in 2015 November 20, 2014 It's the most wonderful time of the year – the time banks, analysts and other finance futurologists dust off their crystal balls and start trying to work out what the market's going to be thinking about next year. Goldman Sachs has got in there early, with its "Top 10 market themes for 2015" research note. [...]
Fed to raise interest rates before Bank of England November 19, 2014 US INTEREST rates are expected to rise before those in the UK, as the Federal Reserve last night indicated it will not slow down its path to tighter money despite wobbles in the world economy. Mark Carney has indicated the Bank of England will keep rates lower for longer as wages are not yet rising [...]
Poulter uses Norman tips to avenge Stenson November 19, 2014 THERE may not be a personal wager riding on it this time, but England’s Ian Poulter is still desperate to beat Henrik Stenson to the DP World Championship – the finale of golf’s European Tour – starting today. Poulter finished second to Sweden’s Stenson 12 months ago and, as a result of their bet, had [...]
What the minutes from the Federal Reserve’s October meeting tell us November 19, 2014 The minutes from the Federal Reserve's October 28 – 29 meeting showed little debate between its members on the key aspects of last month's statement. Last month, the Fed stuck to its pledge to keep interest rates near zero for a "considerable time" but gave little indication as to when interest rates would raise. [...]
Shinzo Abe’s snap elections: Can they save Japan’s flagging economy? November 18, 2014 Mark Williams, chief Asia economist at Capital Economics, says Yes. The lustre has come off Abenomics and its three arrows of fiscal, monetary and structural reform. The decision to postpone the sales tax hike that had long been scheduled for next year puts a huge dent in the government’s goal of eliminating the budget deficit [...]
Tyson sales up but it has beef with income November 17, 2014 TYSON Foods, the largest US meat processor, yesterday reported a better-than-expected quarterly profit. Sales increased 13.6 per cent to $10.10bn (£6.45bn) in the fourth quarter ended 27 September, Tyson said. But net income attributable to Tyson nearly halved to $137m, , down from $261m in the same period last year. “Operating income decreased for the [...]
Warning lights are flashing on the global economy: The reform laggards will suffer November 17, 2014 DAVID Cameron has warned of an unstable global economy. He says red lights are flashing on the dashboard. They are, but only in some parts of the world. Elsewhere, recovery looks firmly entrenched. Hot on the heels of US Treasury secretary Jack Lew’s comments about a “lost decade” in Europe, the Prime Minister’s remarks show [...]
Warning lights are flashing on the global economy – and it’s the reform laggards who will suffer November 17, 2014 DAVID Cameron has warned of an unstable global economy. He says red lights are flashing on the dashboard. They are, but only in some parts of the world. Elsewhere, recovery looks firmly entrenched. Hot on the heels of US Treasury secretary Jack Lew’s comments about a “lost decade” in Europe, the Prime Minister’s remarks show [...]
Goodbye QE, hello uncertainty November 13, 2014 The Federal Reserve in the US has been looking to extract itself from its quantitative easing (QE) programme over the last 18 months, but feared if it did so too soon, it would cause turmoil in the financial markets. It has finally concluded, having made $4 trillion (£2.5 trillion) of bond purchases, that it is [...]
Back to the 90s: What’s in store for 2015 markets November 11, 2014 US equities will stay in bull mode, but the problems for Europe look likely to persist. As we approach the end of 2014, many investors will be reviewing the performance of their portfolios, with a view to repositioning them ready for 2015. Here are my thoughts on where the major markets are heading. [...]