Wall St The Week Ahead: Crimean vote spooks market March 17, 2014 INVESTORS will start the week early as yesterday’s referendum to decide if Crimea becomes part of Russia or remains Ukrainian will likely reverberate in markets worldwide. US stocks closed Friday with their largest weekly drop in the last seven weeks as the strongest confrontation between Russia and the West since the end of the Cold [...]
What you need to know before the US open March 14, 2014 US futures had been moving higher today, pointing to a more optimistic open for markets after a difficult week. But bond yields have slipped after an unexpected fall in producer prices: The producer price index fell 0.1 per cent in February, with services decreasing 0.3 per cent. Goods, however, rose 0.4 per cent. Consumer confidence, [...]
This week’s 4 must-see charts March 14, 2014 International exposure to Russian banks, a turnaround in the Eurozone’s inflationary trends, an uptick the Baltic Dry index, and the ongoing strength of the euro. We bring you some of our favourite analysts’ picks of the most important graphs this week. Alexander Dryden, analyst at JP Morgan Asset Management Financial and economic sanctions by the [...]
What you need to know before the open March 14, 2014 Talks between US and Russia will be taking place in London today, ahead of the much-contended referendum in Crimea on Sunday. Concerns over the fortunes and future of the region continue to eat into investor confidence, with European markets expected lower across the board today. Asian markets suffered in Friday trading from the anxiety-induced risk [...]
Investors pulling billions out of crisis-hit Russia March 13, 2014 INVESTORS are deserting Russia, according to a new study by Goldman Sachs, which says capital outflows from the country could double from last year. The bank estimates that outflows have already risen to $45bn (£26.98bn) in this quarter, a 60 per cent increase on the same period last year, and that the estimate is consistent [...]
London Report: Supermarket fears lead FTSE to a fifth consecutive drop March 13, 2014 BRITISH shares fell for a fifth straight session yesterday, dragged down by supermarket stocks after WM Morrison cut its profit outlook, as well as by escalating tensions between Russia and the West over Ukraine. Morrison’s was the worst performer on the FTSE 100 index, plunging 11.9 per cent, and its revised outlook triggered a sell-off [...]
New York Report: Tensions over Ukraine hit US March 13, 2014 US stocks tumbled yesterday, with the Dow and the S&P 500 suffering their worst day since early February, on rising concerns over Ukraine and Russia and new signs of a slowdown in China. Selling accelerated in afternoon trading after Russia launched military exercises near its border with Ukraine, showing no sign of backing down in [...]
Curlers advance to semi-finals March 13, 2014 WINTER PARALYMPICS: Great Britain’s curlers reached tomorrow’s semi-final despite a 6-3 defeat to China yesterday. Following an 8-7 win over the United States, Britain had to rely on Russia, their last-four opponents, to beat Slovakia in order to advance.
Gold touches 6-month high on Ukraine and China fears March 13, 2014 Rising tensions between Ukraine and Russia and growing concern about Chinese economic growth have seen gold climb to a six-month high today. The safe-haven asset rose 0.4 per cent to $1,373/oz, up for the third day in a row. It’s currently up 0.1 per cent. Tumbling exports and a recent bond default have sent equities [...]
Merkel: Russia’s is “the law of the jungle” March 13, 2014 Germany’s chancellor Angela Merkel has accused Russia of invoking “the law of the jungle” in the Crimea crisis, warning that EU leaders are poised to take further action. If Russia continues on its current path, it’ll be a catastrophe not just for Ukraine and the EU, but for Russia as well, she said. In a [...]