Fed taper not a grave threat to the Fragile Five January 6, 2014 But 2014 will see heightened political risk in emerging markets FOR MANY emerging market investors, 2013 will go down as a year to forget. The MSCI emerging market equity index fell from highs of over 1,055 at the beginning of the year to less than 884 in June, ending the year 5 per cent down [...]
CNBC Comment: Global markets in 2014: What to expect January 6, 2014 IT’S A new year, and I received the most important present just before Christmas. In 2014, I will never again have to ask whether the US Federal Reserve will start tapering its asset purchase programme. The relief of that single fact cannot be overestimated, and I would like to personally thank Ben Bernanke and the rest [...]
DailyFX: Analyst picks January 6, 2014 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Looking to buy euro-Aussie dollar and euro-yen Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few weeks In the absence of further central bank stimulus, a return of growth to Europe should bring a return of capital in 2014. Ahead of the [...]
Position your portfolio for a cautiously optimistic 2014 January 6, 2014 Large cap success, a stronger dollar, risky bonds, and volatility should be key themes DESPITE troubles in emerging economies, 2013 proved to be a strong year for developed economy equity markets. And while remaining cautious about the coming months, investors also have reason to be optimistic about 2014. With economic data improving, corporate earnings better-than-expected, [...]
Skip Aus Open or risk season, Robson warned January 6, 2014 BRITISH No1 Laura Robson has been urged to consider pulling out of next week’s Australian Open or risk spending most of the year on the sidelines. Robson withdrew from the Hobart International yesterday after suffering severe pain in her left wrist during her first match of the season, prompting fears that the 19-year-old could miss [...]
Wall St The Week Ahead: Investors await Fed’s minutes and jobs data January 5, 2014 INVESTORS in US stocks will be looking to Washington this week, awaiting key jobs data and minutes from the Federal Reserve’s most recent meeting, when it decided to cut its unprecedented monetary stimulus. Minutes from the Fed’s 17-18 December meeting, when the central bank announced its plan to reduce monthly asset purchases by $10bn to [...]
Letters to the Editor – 06/01 – Gold speculation, Payday lending, Best of Twitter January 5, 2014 Gold speculation [Re: Here’s why Capital Economics thinks gold will bounce back this year, Thursday] Buying gold at current prices is speculation, and not just over the potential removal of Indian import restrictions. Its price tells you about fear in an economy at any given point – and there just isn’t that fear around that [...]
Monetary Policy: Why 2014 should be a turning point for western economies January 5, 2014 SINCE the 1970s, years ending with a 4 have seen turning points in the global economy and had a particular significance for central bankers. This year is the fortieth anniversary of 1974. This was the most turbulent post-war year for the major western economies before the global financial crisis. The first recession in the global [...]
Investment Trends: A year for stock-pickers: 2014 investment winners and losers January 5, 2014 AFTER a surprisingly strong 2013 in many equity markets, I am cautiously optimistic for 2014. One of the key reasons for my slight wariness is that most of the predictions I am reading at the moment are unambiguously positive. There is an unusual consensus around a generally bullish outlook for stock markets, in particular those [...]
Head to the glittering lights of Glasgow for culture and cuisine January 5, 2014 Helen Ochyra gets acquainted with the food, and cattle, of the city set to host the Commonwealth Games in 2014 IF YOU had asked me last month which UK city has the best shopping district (apart from London), I’d have gone for Brighton, with its bohemian boutiques, or Newcastle for its vast Metro Centre. I’d [...]