What you need to know before the open – 29/10 October 29, 2013 Despite all-time highs for US markets yesterday, it was a mixed finish as the Fed meeting – due to begin today and finish tomorrow – is considered. Asian markets closed lower, too, as investors waited for the policy meeting. European markets are expected to look just as subdued this morning. ETX Capital #morningcall FTSE -4, [...]
Banks too scared to be honest with regulators October 28, 2013 BANKS are wary of being honest with the authorities for fear of immediate reprisals, Barclays’ chairman said yesterday, warning that relationships between lenders and supervisors have broken down dangerously. Sir David Walker said “trust and respect” is needed in the relationships, and that bankers “need to be able to trust what [they] say to regulators [...]
New York Report: S&P 500 closes at record figure on US Fed talks October 28, 2013 THE S&P 500 closed at another record high yesterday as expectations were lifted that the Federal Reserve will keep its stimulus in place when it meets this week. But the overall market was little changed, with the Dow and Nasdaq ending down slightly, after the recent sharp run-up in the stock market lost some momentum. [...]
CNBC Comment: Caution reigns over Fed taper decision October 28, 2013 WITH Christmas just around the corner (according to one retail analyst, seasonal merchandise has been on the shelves since early August – a new record), markets are now focusing on the final quarter of the year. The Federal Open Market Committee’s meeting tomorrow will be closely watched for hints about how far away the Fed’s [...]
DailyFX: Analyst picks October 28, 2013 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Short dollar-yen, long Aussie-yen Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few weeks Yen crosses have been volatile this past week, and both my long Australian dollar-yen and short dollar-yen have seen an uptick in volatility – in the wrong direction [...]
Dallas Fed: October sees less optimism of business conditions but manufacturing activity strengthens October 28, 2013 Perceptions of business conditions in Texas were less optimistic in October, as the Dallas Fed manufacturing business index came in at 3.6 – still positive, but down from last month's reading of 12.8. Texas produces more than 11 per cent of total manufactured goods in the US, putting it second behind California in factory production. [...]
What you need to know before the open – 28/10 October 28, 2013 European markets look set for a marginally upbeat open this morning after a positive finish in the US on Friday. Traders may well be somewhat windswept in London this morning, though, as St Jude hits the UK. Markets due for a stronger open FTSE +25. Not quite so positive for Greater Anglia who have cancelled [...]
US manufacturers report that output fell during US shutdown October 24, 2013 OUTPUT in the US manufacturing sector fell for the first time in over four years during this month, according to a survey released yesterday by data firm Markit. The overall figure for the manufacturing purchasing managers’ index (PMI) fell to 51.1, indicating very marginal growth, the lowest level in a year. The output part of [...]
Bottom Line: Revamp can’t happen fast enough October 24, 2013 CHANGE can be good – great even – but it always come with risks. For months now Debenhams’ flagship Oxford Street store has been covered in scaffolding, with shoppers pointed towards a temporary entrance before being directed into a store that looks more like a building site than a shopping haven. All signs point to the [...]
A sci-fi treat with plenty of brains October 24, 2013 FILM ENDER’S GAME Cert 12a | By Simon Thomson Four Stars ENDER’S Game is a science fiction adventure about a special boy, sent to a special school, where he is trained to be a ruthless war commander. Basically, it’s Harry Potter. If he’d been sent to a military academy. In space. The internet has been [...]