Federal Reserve’s decision to further trim the economic stimulus plan dealt a heavy blow to benchmarks yesterday, which were already suffering following dismal earnings releases earlier in the day. Benchmarks hit multi-months low and S&P 500 is now at its worst monthly performance since May 2012.For a look at the issues currently facing the markets, make sure to read today’s […]
A more optimistic outlook on emerging markets and promising consumer data helped benchmarks rebound to a positive finish after three consecutive sessions of losses. In fact, the Dow snapped its five-day rout and was 10 points short of a 100-point gain. Pfizer’s earnings beat also helped benchmarks buck the downtrend. Investors will now closely watch what the Federal Reserve has […]
I would say there is no pleasing some people, but that statement is incomplete; a better assessment is that there is no pleasing people in general and people eager to shift responsibility in particular. Take the nonstop complaining by receivers of the dollar carry trade after the launch of QE in March 2009. Political leaders — a class well-versed in […]
Concerns over China’s manufacturing slowdown left investors wary of equities and emerging market currencies; dragging the domestic benchmarks to heavy losses. The concerns merged with fears of the Federal Reserve further trimming its economic stimulus. The Dow had its worst day since last June while the blue-chip index and S&P 500 suffered their worst weekly runs in many months. Improved […]
A screen showing the Nikkei 225 Stock Average in Tokyo, Japan, as it slid earlier today. Photograph: KIYOSHI OTA/EPAGood morning and welcome to our rolling coverage of events across the financial markets, the global economy, the business world and the eurozone.Asian markets have taken a pummelling overnight as the share rout which began last week hit its largest stock exchanges. […]
Turkish lira bills at a currency exchange office in Istanbul. Turkish lira hit record lows despite the central bank spending an estimated £1bn to prop up the curerency’s value during the day. Photograph: Murad Sezer/REUTERSA series of political scandals and accusations of mismanagement in some of the world’s major developing economies triggered turmoil on international stock exchanges on Friday.The FTSE […]
