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 [...]
Apple’s own app can’t understand its stock split June 9, 2014 Apple has just finished its first stock split since 2005, and it's confusing more than just humans. The company's own stocks app has been baffled, and reports that Apple has a market capitalisation of nearly $3.9 trillion. The tech giant's value is actually closer to $560bn, around a seventh of what users of the iOS [...]
Murray breaks with norm and hires Mauresmo June 8, 2014 FORMER world No1 Amelie Mauresmo insists paving the way for more women to mentor males is not on her agenda, after agreeing to become the new coach of Britain’s Andy Murray. The 34-year-old, who won two grand slam titles and spent 39 weeks at the top of the world rankings, is set to coach Murray [...]
US stocks hit record as 217,000 new jobs send employment above pre-crisis peak June 6, 2014 US MARKETS opened at record highs yesterday as the country’s labour market added a seasonally adjusted 217,000 jobs in May – taking the total number jobs above its prerecession peak. According to the Bureau for Labour Statistics US employment now stands 98,000 above its January 2008 peak, setting a new all-time high, although the numbers [...]
US job additions take total above pre-recession peak June 6, 2014 The labour market appears to have defrosted. According to nonfarm payroll figures released today, the US added a seasonally adjusted 217,000 jobs in May. That's just 1,000 lower than the 218,000 additions that economists had forecast for this month. According to the Bureau for Labour Statistics that takes the total number jobs above their pre-recession [...]