Asian markets climb after upbeat Fed comments June 19, 2014 Asian markets are up after positive comments from both the Federal Reserve and Chinese Premier Li Keqiang, with the situation in Iraq failing to dampen optimism. The US central bank has indicated that rates will remain low for some time to come after a two-day policy review. The remarks sent the S&P 500 to a [...]
What the other papers say this morning – 19 June 2014 June 18, 2014 FINANCIAL TIMES US share dividends hit record US share buybacks and dividend payments climbed to a record level in the first quarter of 2014, as companies chose to boost shareholder returns in the absence of robust revenue growth. Members of the S&P 500 index – led by Apple, IBM, ExxonMobil and FedEx – spent $241bn [...]
S&P hits record after Fed assures markets on rates and economy June 18, 2014 THE S&P 500 closed at a new record high last night as US stocks rose in the wake of the Federal Reserve striking a doveish tone in its post-meeting statement. The Fed hinted at a slightly faster pace of interest rate increases starting next year, but also suggested long-term rates would be lower than indicated [...]
London Report: Concern over oil price pushes up London shares June 18, 2014 THE FTSE 100 was up yesterday, with oil companies lifting the market due to high crude prices in the wake of heavy fighting in Iraq, Opec’s second-largest producer. The index closed up 0.2 per cent, or 11.79 points, at 6,778.56 points. Brent crude oil rose towards $114 a barrel as Sunni militants pushed forwards in [...]
New York Report: Stocks rise on Fed outlook on interest rates June 18, 2014 WALL Street stocks jumped on Wednesday, taking the S&P 500 index of top companies to an all-time record after the Federal Reserve promised to keep in place low interest rates until 2015 and forecast a moderate growth in the economy. The Dow Jones industrial average rose 98.13 points, or 0.58 per cent, to end at [...]
Stock market correction: How to protect yourself from losses June 17, 2014 Income can help you weather any volatility, but be wary of bonds AFTER a stellar few years for global stock markets, concerns are growing over a looming correction. The S&P 500, Dow Jones Industrial Average, FTSE 100 and MSCI All-World share index have all been at or near record highs in recent weeks, and valuations [...]
What the other papers say this morning – 17 June 2014 June 16, 2014 FINANCIAL TIMES Cameron faces setback over Juncker David Cameron’s campaign to head off Jean-Claude Juncker’s election to the EU’s most high-profile job is facing its most serious challenge yet with Germany pressing for a vote to override the British Prime Minister’s objections as early as next week. Angela Merkel, the German Chancellor, has told European [...]
IMF says Fed could keep rates at zero for much longer June 16, 2014 Fed chair Janet Yellen has suggested that the first US rate hike could come six months after the end of tapering quantitative easing (QE) – this would land in roughly April 2015. But the staff of the International Monetary Fund (IMF) say today that with a muted inflation outlook and full employment still some [...]
Bubble trouble: We’re sacrificing financial stability for a growth illusion June 12, 2014 THERE is a growing conflict at the heart of economic policymaking – and a rising danger. The risk is that financial stability is being sacrificed on the altar of growth, and that memories of the financial crisis are growing short. Consider these recent disparate examples. Mario Draghi has boldly gone where no G7 central banker [...]
How to survive a World Cup with England June 10, 2014 Every minute you are at a World Cup is the most special experience you can have as a professional footballer. You wake up in the morning and instantly appreciate it. It’s an absolute adrenaline rush. But being in the squad is only the first battle. Even if you were initially happy just to be in [...]