It’s time to end the cruel delusion of cheap money and reckless spending December 2, 2013 GEORGE Osborne will present his Autumn Statement to a country in the grip of a cruel economic delusion, perpetrated against the poor and the aspirational. Welfare states everywhere are spending chronically beyond their means while papering over the cracks with easy money. Budget 2013 forecast spending in excess of receipts of about £9bn a month. [...]
A data-driven Fed could well taper in December December 2, 2013 But whenever the QE wind-down begins, a dramatic pull-back for equities will not necessarily follow In a data-heavy week for the US, investors will scrutinise consumer sentiment, revised GDP figures, and the crucial non-farm payroll report on Friday for signs that the Federal Reserve could judge the US economy ready for the start of tapering [...]
CNBC Comment: Why US equities could stay strong December 2, 2013 THE US stock markets are flying high. Last week, the S&P 500 saw gains for the eighth consecutive week. But will it continue? I was reading the most recent Barclays Global Macro Survey, and thought I’d share a few of its main findings with you. While it is no surprise that the possibility of the [...]
DailyFX: Analyst picks December 2, 2013 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Stay long sterling-yen Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few weeks The sterling-yen long from net ¥160.80 remains in play and, after considerable upside over the past few days, I have moved up my trailing stop. Previously, it was held [...]
The S&P 500 is on its longest winning streak in over a decade December 2, 2013 As US markets continue to enjoy the Fed's quantitative easing, the S&P 500 has risen for eight consecutive weeks in the aftermath of the temporary government shutdown. S&P rises for 8 weeks in a row, its longest winning streak in a decade. — Jamie McGeever (@ReutersJamie) December 2, 2013 Fed chairman Ben Bernanke shocked [...]
What you need to know before the open – 02/12 December 2, 2013 It's a big week for the UK, with manufacturing, construction and services PMIs for November and, of course, the chancellor's Autumn Statement on Thursday. US markets continue to go from strength to strength, with the S&P 500 hit another record high on Friday. Busyness on the macroeconomic front will be seen more widely, too, [...]
ECB lays blame for market risk on taper gossip December 2, 2013 TURBULENCE in global markets is an escalating risk to the Eurozone’s financial stability, even as funding challenges for the region’s banks begin to abate, according to the European Central Bank (ECB). Yesterday’s financial stability review from the ECB says that concerns around turbulent markets have grown since May, blamed mainly on the expectation of major [...]
New York Report: Investors eye retail and jobs data for clues December 1, 2013 A WEEK packed with data awaits investors eager for fresh clues on when the Federal Reserve will start to trim its stimulus program, as traditionally bullish December kicks off with the S&P 500 poised to mark its best year since 1998. Traders will also sweep through sales data from retailers after the long Thanksgiving weekend, [...]
ECB lays blame for market risk on taper gossip November 27, 2013 TURBULENCE in global markets is an escalating risk to the Eurozone’s financial stability, even as funding challenges for the region’s banks begin to abate, according to the European Central Bank (ECB). Yesterday’s financial stability review from the ECB says that concerns around turbulent markets have grown since May, blamed mainly on the expectation of major [...]
Xbox One: know your console November 27, 2013 Everything you need to know about the long-awaited sequel to the Xbox 360 LIVE TV TV and video signals from set top boxes such as Sky, Freeview and Virgin can be fed through the console so you don’t have to switch inputs between gaming and watching TV. But British users have experienced compatibility problems, complaining [...]