Fed strikes soft tone on rate rises
The Federal Reserve has kept interest rates on hold in its latest meeting as expected, and the tone of Chair Janet Yellen’s comments indicated that when it comes the rise will be less than was anticipated.
The Federal Reserve has kept interest rates on hold in its latest meeting as expected, and the tone of Chair Janet Yellen’s comments indicated that when it comes the rise will be less than was anticipated.
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Despite the ongoing Greece sage, deflation worries in the eurozone are increasingly looking like a thing of the past according to Moody’s Analytics.
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Investors who cannot see the positive long-term prospects for Japan are being too short-sighted, according to industry experts.
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The Bank of England’s monetary policy committee is still united in holding the base rate at 0.5%, according to minutes from the last meeting released today.
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Parmenion has further decreased its allocation to the US, as recent dollar strength and high valuations outweigh solid economic fundamentals.
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The majority of global pension funds have been increasing their equity allocation in the past six months. However, many would prefer to decrease it if they could just find yield somewhere else, because they expect a serious market correction.
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The United Kingdom has crept quietly out of deflation with a 0.1% rise in prices being recorded in May, the Office for National Statistics said.
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Saudi Arabia has today opened its $570bn (£367.7bn) Tadawul stock exchange to direct foreign investments for the first time, which is being widely seen as a crucial stepping stone to the kingdom’s entry into the MSCI Emerging Markets index.
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George Osborne’s announcement that the government is to sell its stake in Royal Bank of Scotland may lead to shareholder upside according to industry experts, though investors should exercise caution.
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United States non-farm payrolls were reported to be 280,000 up in May by the US Bureau of Labour Statistics.
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UBS Wealth Management is rolling out a wealth management app and has set up an “innovation centre” in Singapore that aims to commercialise ideas that would help serve its clients.
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European Central Bank president, Mario Draghi told journalists on Wednesday that markets should get used to higher levels of volatility.
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