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 [...]
One US indicator suggests that economic growth is lower in October November 27, 2013 The Chicago Fed National Activity Index (CFNAI) dropped from 0.18 (revised up from 0.14) to minus 0.18 in October. The Chicago Fed said that the decline resulted from fall in employment and production related indicators. The index is a weighting of 85 different indicators of US economic activity. Employment-related indicators were responsible for -0.05 of [...]
What you need to know before the open – 27/11 November 27, 2013 Data will be coming in pretty thick and fast for the UK and US today, although we're not expecting any surprises as far as UK GDP goes. US trading is expected to be pretty light today, ahead of the Thanksgiving break tomorrow. Rising military tension between China and Japan prompted mixed reactions on Asian markets, [...]
Mid cap stocks gain favour as UK economic optimism rises November 26, 2013 But don’t write off the more international FTSE 100 blue chips THE UK recovery has finally taken hold. But not only is growth returning, many are now more optimistic about our economic prospects compared to other advanced nations. Last week, the OECD revised down its 2013 global growth forecasts to 2.7 per cent from 3.1 [...]
US manufacturing sector strengthens on shipments and new orders November 26, 2013 The US manufacturing industry looked more upbeat in November, with the Richmond Fed manufacturing index coming in at 13, up from 1 in October and sailing past the expectation of 3. Shipments and the volume of new orders both rose over the month, with employment, average workweek and wages also picking up. Capacity utilization [...]
Letters to the Editor – 26/11 – Lobbying airports, State banking, Best of Twitter November 25, 2013 Lobbying airports [Re: Why low cost carriers and hub buster planes make Gatwick the UK’s future, yesterday] The main problem with Stewart Wingate’s argument is his approach to state planning: “Out to the 2040s, there is only enough demand for one new runway.” But in the case of London’s airports, there is no good reason why Gatwick [...]
DailyFX: Analyst picks November 25, 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 I took half profit on my sterling-yen long position at ¥161.45 (closed from ¥158.30 and ¥160.00), leaving my net long entry at ¥160.80 (from ¥160.16 and ¥161.45). With holiday [...]