Summer‘s Sun is fading as autumn‘s reality sets in September 3, 2012 THE US markets reopen today after a long holiday weekend. Yesterday’s Labor Day marked the end of summer in the US, and of course the first week in September is when the UK and Europe also gets back to work. Even our politicians return to Westminster, although perhaps it would be better for all of us [...]
Gold bugs should remain patient September 3, 2012 For months, it was as if the gold price only had eyes for the US Federal Reserve chairman Ben Bernanke. This perception was reinforced as the markets reacted to his speech at Jackson Hole last week, sending the yellow metal to five-month highs. In his speech, Bernanke stopped short of announcing another round of easing. [...]
Gunners recruits find feet as Rodgers rues Carroll absence September 2, 2012 LIVERPOOL (0) vs ARSENAL (2) ARSENAL manager Arsene Wenger hailed a colossal midfield performance from Abou Diaby after the Gunners plundered their first Premier League win of the season and turned up the heat on new Liverpool boss Brendan Rodgers. Summer signings Lukas Podolski and Santi Cazorla neatly teed each other up for a goal [...]
FTSE opens flat ahead of Jackson Hole speech August 31, 2012 The blue chip index opened modestly up this morning, as investors were cautious ahead of Fed chairman Ben Bernanke’s Jackson Hole speech later, where he is expected to signal more stimulus for the US economy. Rental equipment supplier Lavendon Group led the risers, up more than nine per cent in early deals. Investors were buoyed [...]
Bernanke may hint at more stimulus at Jackson Hole August 31, 2012 Federal Reserve Chairman Ben Bernanke will likely acknowledge the US central bank is actively considering another round of monetary easing in his keynote Jackson Hole speech today. But the Fed chief could disappoint fidgety financial markets if he stops short of signalling another bond-buying program is imminent, which many analysts say is a strong possibility. [...]
Wall St treads water ahead of Jackson Hole August 30, 2012 US stocks fell yesterday after several days of muted trading as investors took a defensive posture before Federal Reserve chairman Ben Bernanke’s much-awaited speech today. Bernanke, due to speak to central bankers in Jackson Hole, Wyoming, at 1400 GMT today, is expected to keep markets guessing about the timing of another round of bond purchases. [...]
US economy in slow recovery, report reveals August 29, 2012 THE US economy is slowly but steadily recovering, a tranche of releases from official bodies and industry groups said yesterday. Retail and car sales were driving a gradually growing economy, the Federal Reserve said in its Beige Book report of anecdotal evidence, but they also warned of a slowdown in manufacturing expansion. And the US [...]
Light trading in US ahead of Jackson Hole August 29, 2012 US stocks edged higher yesterday in the lightest trading of the year as investors waited for a key speech by Federal Reserve chairman Ben Bernanke on Friday. Daily volume this week has been very low, even for a seasonally slow period, with the market recording three of the four lowest volume full sessions of 2012. [...]
US consumers keep tight hold on their wallets August 28, 2012 US CONSUMER confidence collapsed in August, according to data released by the Conference Board, just as the Richmond Fed said decline in the manufacturing industry slowed down in the same month. Consumer confidence was at its worst level for nine months, the Conference Board’s index showed, dropping to 60.6, down from 65.4 in July and [...]
FTSE flat as gloomy forecasts from Japan highlight worldwide slump August 28, 2012 BRITAIN’S top share index ended flat yesterday, with the market stagnating as expectations for economic stimulus measures were countered by concerns over global growth, which was reinforced by gloomy forecasts from Japan. The government in Tokyo cut its economic assessment yesterday, citing the impact of a slowdown in the United States and China on top [...]