Asian markets rally as investors shrug off sanctions March 18, 2014 Asian markets are rising as tensions in the Crimea cooled and investors failed to be significantly deterred by the limited US and EU sanctions imposed on Russia. The EU and the US imposed asset freezes and visa restrictions for a small number of Russian officials. However, markets will be keeping a close watch on the [...]
Sweet tweets as El-Erian waves Pimco goodbye March 17, 2014 FORMER Pimco chief executive and co-chief information officer Mohamed El- Erian may have left the world’s largest bond giant behind, but it seems the finance whizz has already found a potentially bigger audience. El-Erian, who is chief economic advisor at Allianz, joined Twitter only yesterday – and promptly racked up more than 10,000 followers. Using [...]
US factories rebound from winter freeze March 17, 2014 US INDUSTRIAL output hit a record high in February, official figures showed yesterday. The upbeat numbers reassured economists that the disappointing figures of recent months were caused by the bad winter weather, rather than any underlying slowdown in the world’s largest economy. Industrial output increased by 0.6 per cent in February, according to data from [...]
New York Report: US stocks rise as tensions in Crimea ease March 17, 2014 US STOCKS climbed yesterday, with the S&P 500 bouncing from its worst weekly drop in the past seven, as concerns eased over the situation in Crimea, while economic data indicated the economy was improving after a winter slowdown. The 97 per cent vote in Crimea in favour of quitting Ukraine was condemned as illegal by [...]
Rethinking the safe haven: What’s fuelling gold’s rise March 17, 2014 Simple assumptions about the yellow metal could result in traders getting burnt. Treasury yields could be a better metric for gauging where it may go next To many, gold’s sharp rise in recent months, widely attributed to increasing geopolitical tension in Ukraine and fears of a Chinese economic slowdown, has underscored its role as the [...]
The five interview gaffes to avoid March 17, 2014 How you perform will determine whether you get your dream job. Here’s what not to do FROM asking to be paid “in cash” to hugging the prospective boss, eager applicants can make fatal errors in the interview process. Aside from the basic mistakes like failing to do their homework or not looking up the interviewer [...]
Wall St The Week Ahead: Crimean vote spooks market March 17, 2014 INVESTORS will start the week early as yesterday’s referendum to decide if Crimea becomes part of Russia or remains Ukrainian will likely reverberate in markets worldwide. US stocks closed Friday with their largest weekly drop in the last seven weeks as the strongest confrontation between Russia and the West since the end of the Cold [...]
Sentiment falls as US consumers lose confidence about the future March 14, 2014 Consumer confidence in the US dwindled in March, according to a preliminary estimate from Reuters and University of Michigan. The consumer sentiment reading dropped unexpectedly, coming in at 79.9 this month, below the estimated 82 and following February’s 81.6. Although consumers were upbeat about the current situation, outlook on the future was less positive, with [...]
What you need to know before the US open March 14, 2014 US futures had been moving higher today, pointing to a more optimistic open for markets after a difficult week. But bond yields have slipped after an unexpected fall in producer prices: The producer price index fell 0.1 per cent in February, with services decreasing 0.3 per cent. Goods, however, rose 0.4 per cent. Consumer confidence, [...]
What the other papers say this morning – 14 March 2014 March 13, 2014 FINANCIAL TIMES Zuckerberg attacks US surveillance Mark Zuckerberg, Facebook founder and chief executive, has strongly criticised the US government for dragging its heels on plans to reform its mass surveillance programme. In a post on the social network, Zuckerberg said he had called President Barack Obama to express his “frustration” over the damage the government [...]