JP Morgan can start buybacks post Whale loss November 8, 2012 JP MORGAN Chase & Co revealed yesterday that US regulators have approved a plan for the bank to use its capital to buy back as much as $3bn (£1.87bn) of its stock in the first quarter of 2013. The company also disclosed that it has reached “an agreement in principle” with the Securities and Exchange [...]
All eyes on the fiscal cliff as conflicts linger November 7, 2012 INVESTOR worries over the so called US fiscal cliff are growing following the re-election of Barack Obama to the White House and continuing Republican control of the House of Representatives. Republican House speaker John Boehner last night told Obama that his colleagues were ready to be led towards a fiscal solution. Democrat Obama’s first term [...]
How the result might affect UK companies November 7, 2012 As the dust settled on President Obama’s second-term victory, share prices were quick to react yesterday to the impact of another four years of his reign. Financial shares lost ground as any hopes the Volcker rule, part of the Dodd-Frank reforms, curbing proprietary trading by Wall Street banks in securities and derivatives, would be repealed [...]
Economist says Dow would soar on Romney win November 5, 2012 A VICTORY for Republican candidate Mitt Romney in today’s US Presidential election could cause the Dow Jones to jump by a huge 500 points, it was suggested this morning. Analysts and investors are expecting incumbent Democrat Barack Obama to retain the top seat in the White House, with such an outcome believed to be priced [...]
How the dollar could predict the US victor November 5, 2012 Forget the exit polls and track how the greenback reacts tomorrow TUSCAWARAS. Volusia. Arapahoe. Investors looking for early signs of the outcome of the US presidential election tomorrow will want to scrutinise results from these three swing counties in Ohio, Florida, and Colorado respectively. Or they could just watch the dollar. The dollar, rather than [...]
America’s jobs nightmare requires fresh thinking November 5, 2012 TOMORROW is decision day for Americans, who must choose who they want to see in the White House for the next four years: Barack Obama, the Democratic incumbent, or Mitt Romney, the Republican challenger. America will also be voting for a new Congress. This newspaper is not shy of giving its endorsements to candidates in [...]
Czech Republic retain Fed Cup November 4, 2012 The Czech Republic beat Serbia 3-1 in Prague yesterday to successfully defend the Fed Cup. Lucie Safarova comfortably defeated former world No1 Jelena Jankovic 6-1, 6-1 after Ana Ivanovic had beaten Petra Kvitova to raise Serbian revival hopes.
House prices edge back up but market is still in the doldrums November 1, 2012 HOUSE PRICES climbed during last month, Nationwide revealed yesterday, bouncing back after the slip in September and months of weakness in the housing market. The Nationwide house price index grew 0.6 per cent last month, after the 0.4 per cent slip into September. Earlier slips mean the index is still 0.9 per cent lower than it [...]
QE may last until jobless hits 7.25pc November 1, 2012 Boston Federal Reserve president Eric Rosengren yesterday called on the Fed to carry on purchasing assets until the unemployment rate came down to 7.25 per cent. The headline rate was 7.8 per cent in September, but weekly new unemployment insurance claims seem to be trending downwards. New claims fell 9,000 over the last full week [...]
Unemployment targeting by the Fed could see equities move upwards October 30, 2012 AS WE approach the release of the final US employment report before the presidential election, we’ll see plenty of analysis about both the recent decline in country’s unemployment rate and the health of its overall economy. Yet, if you look at more frequently-released data, like weekly unemployment insurance claims, the jobless rate has fallen by [...]