Hawkish Fed spurs on December rate hike expectations
An upbeat Fed has caught markets by surprise, reinforcing the high probability of a rate hike in December, according to commentators.
Macro News
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Rate cuts help Chinese RE, but risk remains
The Chinese real estate market should improve in the fourth quarter, following a series of interest rate cuts, sources said.
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Room for optimism as UK GDP disappoints
UK GDP fell to 0.5% in the third quarter, the Office for National Statistics estimated on Tuesday, lower than the 0.6% many analysts had expected and down from 0.7% in Q2.
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China cut, lifts markets, fuels growth fears
The People’s Bank of China announced its sixth rate cut of 2015, lowering interest rates for one year lending and deposits by 0.25 percentage points to 4.35% and 1.5% respectively.
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Mixed earnings reports reinforce Fed’s wait-and-see approach
Q3 earnings season is still in its infancy, but already there are signs to be read from them, says Twentyfour Asset Management’s Gary Kirk, especially in terms of next week’s FOMC meeting.
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China GDP surprise does little to lift markets
China announced higher than expected gross domestic product growth of 6.9% overnight, but markets in the United Kingdom and elsewhere in Europe were unimpressed.
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Harris: Unwind of long dollar trade will be “violent and sustained”
A weakened dollar will be a boon for commodities, despite ever present deflationary threats in the global economy, according to City Financial’s Mark Harris.
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China’s middle class now largest worldwide
Funds that focus on China consumption are among those that should benefit from the expanding Chinese middle class, which has overtaken the US to become the world’s largest.
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UK unemployment drops to seven-year low
The United Kingdom’s unemployment rate has dropped to a seven-year low of 5.4%.
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Slip into deflation raises chances of ECB QE extension
Eurozone prices fell by 0.1% in September from a year earlier, reversing a 0.1% increase the previous month.
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Manufacturing weakness adds to BoE woes
Growth in UK manufacturing output stalled for the first time in two years the latest Industrial Trends survey from the Confederation of British Industry showed.
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Saracen: Rio Tinto among winners in a ‘fragile’ growth world
Global growth, albeit slow, will benefit more economically sensitive companies over the next three to five years, while the likes of Rio Tinto and BWM will be significant winners, according to Saracen Fund Managers.