Fitness Expert: Ways to burn calories on your fasting days November 4, 2013 THERE’S a good chance you’ve either tried, or know someone that’s trying, the 5:2 diet. It’s relatively simple, doesn’t involve cutting out a bunch of your favourite foods, and is extremely effective as far as weight loss is concerned. But where and how does exercise fit in? Is it okay to work out on fasting [...]
What you need to know before the open – 04/11 November 4, 2013 The euro's poorer performance last week has been put down to the anticipation of rates cuts by the ECB either this week or in December. At the moment, expectations are that Draghi will suggest this week that action will be in December. * BNP Paribas: we are not expecting an ECB rate cut at its [...]
Global monetary policy in four charts November 1, 2013 Societe Generale's Kit Juckes has a great note out with some observations about central bank policy around the world. He compares current policy with what the Taylor Rule suggests central bankers should implement. The Taylor Rule – devised by John Taylor – is a monetary policy rule that suggests prudent rates in order to stabilise [...]
Bumper car sales vindicate Fed’s stance on shutdown November 1, 2013 The October numbers for the "Big Eight" car makers in the US suggest that shutdown may not have been quite so economically impactful as has been bandied about – and vindicate the Fed's decision not to mention it in its latest open market committee meeting earlier this week. Analysts were quick to look at the [...]
What you need to know before the open – 01/11 November 1, 2013 US markets rounded off October markedly higher, despite yesterday's negative finish. Data from Europe does continue to worsen, thought, with anticipation of a potential European Central Bank rate cut next week pushing the euro down. Chinese manufacturing PMI, coming in overnight, has eased worries over a softness in recent Chinese economic activity. On the official [...]
New York Report: Fed’s fallout sends Wall St to a low close October 31, 2013 US STOCKS finished lower yesterday as the Federal Reserve’s statement the day before added to investors’ anxiety about the timing of a pullback in its stimulus programme. While it was a second consecutive day of losses for the market, all three major indexes ended October with solid gains. Dragging on the Dow and the S&P [...]
What you need to know before the open – 31/10 October 31, 2013 The Fed's decision last night to stick with its current stimulus level wasn't a big surprise, given the probable damage caused by shutdown. US markets were dragged down, however, on the absence of discussion on shutdown, tight credit conditions and high interest rates. Asian markets were cooled by the news, too, with Seoul shares edging [...]
Fed sticks with stimulus level as US deficit eases October 30, 2013 THE US Federal Reserve revealed a relatively bearish outlook over the country’s economy last night as it confirmed that it would stick to its massive $85bn (£53bn) a month stimulus programme. Yet there was some rosier news in a separate data release by the US Treasury department, which said that the state’s deficit has been [...]
London Report: FTSE ekes out gains ahead of Fed’s decision October 30, 2013 BRITAIN’S top shares edged to a new five-month high yesterday, boosted by good earnings from the likes of Next but suffering in later trade from profit taking ahead of the US Federal Reserve policy decision. Britain’s second-biggest clothing retailer rose 4.7 per cent after it raised its 2013 profit guidance and third-quarter sales came in [...]
New York Report: Bernanke pulls Wall St lower with dim view October 30, 2013 US STOCKS fell yesterday, with the S&P 500 snapping a four-day streak of gains after the Federal Reserve said it had a weaker growth outlook for the economy, even as it held steady with its stimulus programme for the time being. Trading was volatile following the release of the statement, with the major US stock [...]