Asian shares take a beating after US tech rout April 11, 2014 Asian shares are taking a beating after major sell-offs in US tech companies left investors shying away from riskier assets and emerging markets. The losses come hot on the heels of a tough day on Wall Street, with the Nasdaq suffering its worst single drop since 2011. Japan was left particularly vulnerable to the tech [...]
Record drop in shop prices with 11th month of deflation in March April 8, 2014 SHOP prices tumbled further in March, with the fastest deflation for more than seven years recorded by a major monthly report on the sector. According to the British Retail Consortium (BRC) and Nielsen’s latest research, shop prices fell by 1.7 per cent in the year to March, the largest drop since the groups began keeping [...]
Asian markets remain subdued as Bank of Japan holds firm April 8, 2014 Asian markets are holding steady after the Bank of Japan maintained its stance on monetary policy and disappointed some investors with a refusal to hike purchases of risk assets. Japan's current account balance showed a surplus for the first time in five months in February, this was attributed to strengthening exports and an increase in [...]
Asian markets head for best week since last April March 28, 2014 Asian stocks are heading for their biggest weekly advance in 11 months, with the MSCI Asia Pacific index gaining 0.7 per cent. Copper's pared a quarterly decline and investor confidence growing on hopes of further economic stimulus from the Chinese authorities. Chinese premier Li Keqiang has stated that the country does have policies in reserve [...]
London Report: Petrol prices to help inflation to a four-year low March 24, 2014 INFLATION is expected to hit a four-year low, with data this week likely to show petrol prices and the pound’s strength controlling prices. Consumer Price Index (CPI) figures due out tomorrow are forecast to show inflation at 1.7 per cent in February, down from 1.9 per cent in January. and the lowest since October 2009. [...]
US markets exercise caution ahead of Yellen speech March 19, 2014 US markets crept lower today at the open, following weaker European counterparts. Investors are awaiting the new inflation and growth forecasts from the Fed’s Open Market Committee, with Janet Yellen holding her first press conference (6.00pm GMT) since taking over as chair last month. Despite some recent weaker economic data, the Fed isn’t expected to [...]
Eurozone annual inflation falls to 0.7pc in February March 17, 2014 Latest Eurozone inflation figures show a fall in the annual rate to 0.7 per cent in February – hitting its lowest ever level again. More than a quarter of the euro area's in deflation, with half the bloc's economies with rates of 0.5 per cent or less. Howard Archer has described the numbers as "uncomfortable and [...]
Bird seeds, flavoured milk and Netflix added to inflation basket March 13, 2014 NETFLIX and flavoured milk have been added to the basket of goods used to calculate consumer price inflation, shedding light on the way that the UK’s spending patterns and habits have evolved. With technological developments, online video streaming has become increasingly popular with the provision of services like Netflix. This has been added to the [...]
Venezuela’s mad socialist experiment is destroying a nation March 11, 2014 IF you want to see how to destroy an economy and a society, look no further than Venezuela. One year after the death of Hugo Chavez, its disastrous communist president, the country is on the verge of total collapse under his equally appalling successor Nicolas Maduro. Food is running out, as are other essentials, even [...]
Venezuela’s mad socialist experiment is destroying a nation March 10, 2014 IF you want to see how to destroy an economy and a society, look no further than Venezuela. One year after the death of Hugo Chavez, its disastrous communist president, the country is on the verge of total collapse under his equally appalling successor Nicolas Maduro. Food is running out, as are other essentials, even [...]