Wall St soars as Fed dampens fears over hike – New York Report October 8, 2014 US STOCKS soared yesterday, with major indexes posting their biggest one-day jumps of 2014 after the Federal Reserve reassured investors that its first interest rate hike would not come until it deemed the economy could withstand it. The Fed’s less aggressive posture lit a fire under US stocks, which had struggled in recent days, and [...]
US lending data disappoints as Fed officials play down rate hike October 7, 2014 US CONSUMER credit failed to meet expectations for August and increased far less than expected, according to experts. Growth for July was also revised lower, the Federal Reserve said yesterday. The news will force economists in America to look on the pace of economic expansion with caution and has led to calls for the Fed [...]
Russia optimists are making an increasingly implausible case October 6, 2014 A potential economic outcast is a bad place to invest money. Russia's economy has taken a battering this year. The conflict in Ukraine and the subsequent sanctions tit-for-tat with the West has delivered an enormous blow to confidence, with some of the country’s largest companies now all but locked out of dollar debt refinancing [...]
Why the price of gold is down to a year low? Falling US unemployment boosts investor confidence October 6, 2014 Gold's appeal has been tarnished by stronger-than-expected employment data for the US. The commodity, which is viewed by investors as a safe haven at times of economic instability, fell in value by 0.7 per cent to $1,183 per ounce during Asian trading this morning – its lowest price since June last year. On [...]
US jobs likely to see increase in September October 1, 2014 US ECONOMIC growth looks robust as data released yesterday showed more Americans were getting jobs as well as the manufacturing sector growing strongly. Private employers created 213,000 jobs in September, according to payroll processor ADP.Trade, transportation and utilities led the job gains, with 38,000. Manufacturers added 35,000, and professional and business services, 29,000. Economists now expect [...]
Forget Crossrail, Boris Johnson proposes south London Tube extension to Camberwell, Lewisham and Bromley September 30, 2014 Are you a south Londoner, fed up with the lack of Tube infrastructure, forced to rely on overcrowded overground trains for your daily commute? Me too. So maybe you should respond to this consultation over a proposed extension to the Bakerloo line, bringing the Tube out to New Cross, Lewisham, Bromley and Hayes. [...]
QE or not QE? Mario Draghi’s policy dilemma – CNBC Comment September 29, 2014 It seems as if the European Central Bank (ECB) has been debating whether to head down the QE path forever. ECB-watchers have been reduced to pondering what the shade of Mario Draghi’s (usually blue) tie might mean for future asset purchases. But no matter how reluctant Draghi might be to label it as such, this [...]
US consumer spending rises 0.5 per cent: Were the US’ job woes just a blip? September 29, 2014 Over the past few weeks, economic data coming out of the US has been less than encouraging, but new personal spending figures suggest those disappointments were little more than a blip. Figures from the US Commerce Department released today showed personal spending rose 0.5 per cent in August, having fallen 0.1 per cent in July, [...]
New York Report: US jobs figures will give clues on bond buying September 28, 2014 US JOBS numbers on Friday are likely to confirm that the fast-recovering American economy has reached the point where the Federal Reserve can finally halt its massive bond-buying stimulus. The US economy looks to be on course for growth of about two or 2.5 per cent this year, and the Fed intends to halt its [...]
“Maybe I’m just a 70-year-old Justin Bieber”: The best quotes from new Janus Capital hire, Pimco co-founder Bill Gross September 26, 2014 Legendary investor Bill Gross has defected from his hugely successful business Pimco to Janus Capital. After 43 years at the firm which manages trillions of dollars of assets, he knows a thing or two about investments. Here are some of Gross’ best quotes from creating the buzzword “new normal” (but not trademarking it) to human [...]