Eurozone confidence falls as debt worries start to spread May 31, 2010 LINGERING hopes that the EU sovereign debt crisis had not yet begun to affect the real economy were blown out of the water yesterday, as the eurozone economic sentiment monitor recorded an abrupt fall in May. Economic sentiment in the 16-country Eurozone area fell to 98.4 in May, down from 100.6 in April and below [...]
Jobs fears persist despite better than expected US?economic growth November 23, 2010 GROWTH in the US was higher than previously thought, it was announced yesterday. GDP growth was revised to 2.5 per cent for the three months to September, up from two per cent, said the US Federal Reserve (Fed). The rise was beyond the expectations of economists, who had predicted a slightly smaller rise. The Fed [...]
Jobs fears persist despite better than expected US?economic growth November 23, 2010 GROWTH in the US was higher than previously thought, it was announced yesterday. GDP growth was revised to 2.5 per cent for the three months to September, up from two per cent, said the US Federal Reserve (Fed). The rise was beyond the expectations of economists, who had predicted a slightly smaller rise. The Fed [...]
FAITH IN QE2 LIMITS FALLS IN EQUITIES November 15, 2010 CFD MARKET STRATEGIST, GFT RECENTLY, investors have got used to their expectations being met. Republican victories in the mid-terms led investors to expect a more business-friendly environment. The Fed’s latest QE announcement was in line with estimates, while a thumping gain in non-farm payrolls has raised hopes that unemployment may have turned a corner. With [...]
Best Buy bullish over the UK’s consumer climate October 25, 2010 US electricals giant Best Buy has said its UK launch has been a success with new stores trading ahead of expectations. The retailer opens a new store in Croydon on Friday and insisted it was upbeat about the long-term prospects for the consumer sector, despite data showing a bleak picture as the government’s cuts hit [...]
Young, hopeful and about to start boosting growth rates January 12, 2011 FOR MUCH of the last two decades, the Chinese economy has astonished investors and worried politicians. Growth of an average of 9.3 per cent has been driven by an astonishing bout of domestic investment. But it has also been helped on by an immense “demographic dividend”, engineered by the country’s one child policy. But with [...]
Young, hopeful and about to start boosting growth rates January 12, 2011 FOR MUCH of the last two decades, the Chinese economy has astonished investors and worried politicians. Growth of an average of 9.3 per cent has been driven by an astonishing bout of domestic investment. But it has also been helped on by an immense “demographic dividend”, engineered by the country’s one child policy. But with [...]
Soros: Euro in crisis June 23, 2010 BILLIONAIRE investor George Soros yesterday launched a blistering attack on German fiscal policy, warning that its unwavering pursuit of austerity savings is putting the future of the European Union and the single currency at risk. “By insisting on pro-cyclical policies, Germany is endangering the European Union. I realise that this is a grave accusation, but [...]
Fed’s doves will keep cash cheap December 14, 2010 INTEREST rates will stay “exceptionally low for an extended period”, the US Federal Reserve announced last night. And despite claims from home and abroad that it is fuelling a fresh bubble, the Fed will continue its lastest phase of quantitative easing (QE2), buying around $75bn (£47.5bn) of Treasury assets every month. Markets reacted to the [...]
THE TIPSTER June 13, 2010 FOOTBALL results might be capturing everybody’s attention at the moment but there are some key financial scores out this week. Following positive full-year results in March, grocer J Sainsbury is expected to announce first quarter profits this week. Will its management confirm Morrisons’ news that a slowdown in the market has begun? With the firm’s [...]