This week’s 4 must-see charts March 7, 2014 The Fed’s use of the word “weather”, vulnerable high street profits, gold’s revival, and the economic effects of the Ukraine crisis. We bring you some of our favourite analysts’ picks of the most important graphs this week. David Lebovitz, global market strategist at JP Morgan Asset Management: There has been a lot of discussion of [...]
Ukraine PM says there will be no recognition of Crimean referendum March 7, 2014 The Ukrainian prime minister Arseniy Yatsenyuk, has told CNBC that there will be no international recognition of the referendum aking the people of Crimea if they wish to join the Russian Federation. Yatsenyuk said: No-one will recognise this referendum, apart from maybe North Korea, Syria and Israel. I want to be very clear – Crimea [...]
What you need to know before the open March 7, 2014 A mixed open for Europe this morning as investors await the US employment report. Consensus is that US hiring increased enough in February to leave the Fed’s tapering plan on track. The S&P 500 saw a record finish again yesterday as weekly jobless claims dropped to a three-month low. The ECB disappointed yesterday, leaving its [...]
City & Gild: How Russia presented my consultancy with a brand dilemma March 7, 2014 Talk about timing: a couple of months ago our brand consultancy was approached to work with Moscow on rebranding Russia to make it more attractive to business. It’s been done before. In the late 1980s, Mikhail Gorbachev dramatically rebranded the Soviet Union, and Russia as its core member, from closed to open, building a nation [...]
Russians hit by US travel ban over Ukraine March 6, 2014 RUSSIAN officials accused of orchestrating the invasion of Ukraine face a US travel ban, are set to have their assets frozen and will be stopped from doing business with American firms, under an order signed by President Obama yesterday. The EU froze ousted President Viktor Yanukovych’s assets in Europe, as well as targeting 18 people [...]
London Report: Corporates push up FTSE despite ECB and Russia March 6, 2014 BRITAIN’s top share index edged higher yesterday, buoyed by updates from Aviva and Aggreko, although lack of action by the European Central Bank (ECB) and uncertainty over Ukraine capped gains. Equities in London tracked Eurozone stocks lower, after ECB president Mario Draghi offered no new measures to boost lending in the region. Speculation that he [...]
New York Report: Stocks climb as investors wait for jobs report March 6, 2014 US STOCKS mostly rose yesterday, with the S&P 500 closing at yet another record high on better-than-expected jobless claims data and the European Central Bank’s move to keep rates unchanged. But the overall sentiment was cautious ahead of today’s all-important US nonfarm payrolls report and tensions between Ukraine and Russia. The CBOE Volatility Index or [...]
Letters to the Editor – 07/03 – Punishing savers, Fractional reserves, Best of Twitter March 6, 2014 Punishing savers [Re: People too scared to save because they don’t trust politicians, yesterday] The older generation, who scrimped and saved in order to buy their homes, have now been punished by having to sell them to pay for their old age care, wiping out any useful inheritance that may have helped their children to [...]
What you need to know before the US open March 6, 2014 US stocks futures suggest a muted open for US markets, as investors digest some of the data and announcement we’ve had today. Initial jobless claims for last week beat expectations, with 323,000 people signing up for unemployment benefits, down from 349,000 a week earlier. Continuing jobless claims are at 2.907m, from 2.915m. Nonfarm productivity missed [...]
US imposes visa restrictions on Russians and Crimeans March 6, 2014 The US will be imposing visa restrictions on Russians and Crimeans who are threatening Ukrainian security. A statement issued by the White House said the US: Is putting in place visa restrictions on a number of officials and individuals, reflecting a policy decision to deny visas to those responsible for or complicit in threatening the [...]