Luxurious way to curry favour March 24, 2014 City chef John Woodward tells Melissa York why lobster is the real food of love I‘VE WORKED in a lot of hotel restaurants in my time, but Strip Bar & Steak at the Malmaison Hotel, is more like a restaurant with rooms than a hotel with a restaurant. You don’t get all the politics you [...]
What you need to know before the US open March 24, 2014 US stock futures have crept higher today, on speculation that the continuing weak Chinese data – this time in the form of manufacturing numbers – will prompt the government to introduce further stimulus to help deal with the slowdown. Friday saw the S&P 500 hit an intraday record, though it closed lower. European markets are [...]
Wall St The Week Ahead: Federal Reserve chair Yellen in investors’ focus March 24, 2014 FOR US stock investors, the main event will be Federal Reserve Chair Janet Yellen’s return trip this week to Capitol Hill. Wall Street will hang on her every word about the weather, of all things, when she goes before the Senate Banking Committee to complete her semi-annual testimony about monetary policy. Yellen will speak to [...]
4 reasons now is the right time to get excited about gold March 21, 2014 With last year's 28 per cent price crash – suffering its sharpest fall in 30 years – it wasn’t just gold bugs and mining companies who have had to endure gold’s bumpy road, as its crashing popularity signalled a shift in economic confidence, upping the favour of paperless assets. This year, things have started to [...]
What you need to know before the US open March 21, 2014 US stock futures have climbed higher, putting Wall Street on track for a good week, despite ongoing geopolitical worries and an interest rate-related fright from the Fed. Things have been escalating between Russia and the West. Obama’s targeted some of Putin’s nearest political and business allies, and the EU’s imposed sanctions on more individuals, in [...]
This week’s 3 must-see charts March 21, 2014 How global tightening will affect emerging market stocks, the Federal Reserve's fuzzy guidance, and Italy's flailing growth rates. We bring you some of our favourite analysts’ picks of the most important graphs this week. Julian Jessop, chief global economist at Capital Economics Fears that US monetary tightening will prompt a collapse in emerging market (EM) [...]
What you need to know before the open March 21, 2014 Despite a stronger finish yesterday, markets are expected to remain cautious today, still recovering from Janet Yellen’s surprise suggestions on Wednesday that interest rates could go up sooner than expected. Better than forecast weekly jobless claims and manufacturing activity in Philadelphia in March gave equities something of a boost yesterday. European markets will most likely [...]
London Report: Failed vaccine test for Glaxo pricks the FTSE March 20, 2014 BRITAIN’S top equity index fell yesterday, hit by a drop in drugs giant GlaxoSmithKline and a hint from the Federal Reserve that US interest rates may rise sooner than previously expected. The blue-chip FTSE 100 index, which rose 14.4 per cent in 2013 and came close to a 13-year high in January, closed down 30.69 [...]
New York Report: Upbeat data helps to drive Wall St higher March 20, 2014 US stocks rose yesterday, after a batch of economic data pointed to an improving economy and investors reassessed Fed Chair Janet Yellen’s comments that had fueled speculation of an earlier-than-expected rate hike by the central bank. After several weeks of soft economic data attributed by many investors to harsh winter weather conditions, labor market data [...]
What you need to know before the US open March 20, 2014 It seems investors haven’t quite recovered from Janet Yellen’s press conference yesterday. In it she hinted that US interest rates could begin rising sooner than expected. S&P 500 futures and US Treasury futures are both lower, in the wake of yesterday’s selloff. European bond markets are still taking a hit on the message, pushing up [...]