Wall St sags on new Bernanke talk July 14, 2011 US STOCKS fell yesterday as new comments from the Federal Reserve chairman dashed investors’ hopes for the chance of further stimulus and tech shares pushed the Nasdaq down one per cent. During a second day of testimony about the economy, Fed Chairman Ben Bernanke reiterated that the US central bank would be ready to inject [...]
Gold surges on QE3 hint and Euro crisis July 13, 2011 GOLD surged to a record near $1,590 an ounce yesterday as the possibility of more Federal Reserve stimulus coupled with Europe’s deepening debt crisis fuelled bullion’s longest winning streak in five years. Bullion’s gains accelerated after Federal Reserve chairman Ben Bernanke said the central bank is ready to ease monetary policy further if the economy [...]
Commodities boost FTSE rise as China data elevates miners July 13, 2011 BRITAIN’S FTSE 100 bounced yesterday, led by commodity stocks as economic data from China and soothing words from the US Federal Reserve raised hopes that stagnation in the global economic recovery might prove short-lived. Having fallen near five per cent over the previous three days, the mining sector rallied 1.8 per cent after China’s GDP [...]
Hints at QE3 cause mixed reactions July 13, 2011 US stocks stopped a three-day slide, but ended well off the highs yesterday as investors took the suggestion of further Federal Reserve stimulus as a mixed blessing. The three major US stock indexes rose more than one percent at their peaks after Fed Chairman Ben Bernanke suggested the Fed would consider additional measures to support [...]
Bernanke hints at further US stimulus July 13, 2011 Ben Bernanke, the chairman of the US Federal Reserve, has said more easing of monetary policy is on the cards if US economic growth continues to falter. Bernanke hinted that further rounds of quantitative easing may be possible to inject new momentum into the economy. The Fed completed a $600bn (£377bn) round of bond-buying representing [...]
US Fed is split over fresh QE July 12, 2011 A THIRD period of quantitative easing – dubbed QE3 – could be in the pipeline if the US economy continues to stagnate, the minutes of the last Federal Reserve monetary policy meeting revealed last night. “Some participants” believed that “it would be appropriate to provide additional monetary policy accommodation” if the economy fails to pick [...]
Taking a position on US jobs, rate hikes and Euro-geddon July 10, 2011 SPREAD betting has changed the way that retail clients can get exposure to financial markets, and spread bet providers are constantly coming up with new ways to allow easy access to an ever increasing range of markets. Though forex, commodity and equity markets can give you access to most market movements, here are three offerings [...]
THE WEEK AHEAD in association with GFT July 10, 2011 COMPANIES ● Today, Michael Page International delivers its second quarter trading update. The company was formed in 1976 by Michael Page and Bill McGregor. ● On Wednesday, Sainsbury holds its AGM. On the same day Marks & Spencer will report. It will be hoping for not just ordinary results, but… ● Also on Wednesday, J [...]
Stocks boosted by retail and jobs data July 7, 2011 US STOCKS closely sharply higher and the Nasdaq notched an eighth day of gains yesterday as improved labour market and retail sales data raised optimism before today’s critical June payrolls report. Equities have been on a tear recently as improving economic data and a potential resolution to Greece’s fiscal issues paved over fears of slowing [...]
Goldman and RBS aided in crisis July 6, 2011 Goldman Sachs, Lehman Brothers, RBS and UBS were the biggest beneficiaries of very short-term Federal Reserve loans extended at the height of the financial crisis, according to data out yesterday. The Fed’s figures showed Goldman took $15bn in exchange for securities ranging from Treasuries to mortgage bonds. UBS, RBS and Lehman took $10bn each.