Carney speech could threaten FTSE 100 earnings
Mark Carney’s comments on interest rates at Mansion House last night are the clearest sign yet that a rise is not far off and could lead to earnings downgrades for some FTSE 100 companies.
Macro News
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Commodities roil on Iraq tensions SA strikes
Oil futures hit nine month highs on Friday, with gold and silver following its lead, while pgms continued their fall.
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For a view on rates look to the forward market
According to UBSs Joshua McCallum, currently the forward curve is pricing in too slow a move by the Bank of England.
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UK jobs numbers ups rates ante for BoE
According to the Office for National Statistics, the unemployment rate for the period between February to April 2014 improved to 6.6%.
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Downbeat World Bank could temper EM
Warnings from the World Bank on the level of economic growth and speed of reform in the developing world may make investors think twice about rushing to boost emerging markets allocations.
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Korea Taiwan no longer in running MSCI
According to MSCI the two countries have been removed from the review list for reclassification as developed markets because of an absence of progress on outstanding areas of concern.
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Schroders brings forward UK rate rise call
Schroders’ European economist Azad Zangana has brought forward his call on the likeliest point at which the Bank of England will raise interest rates
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How to play the historic ECB decision
While much of today’s ECB announcement was baked into the market, many of the measures will take some time to filter down.
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Fixed income ETPs remain on track for record year
According to its latest ETP Landscape publication, BlackRock said fixed income ETPs saw significant inflows in May.
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ETP investor focus shifting from gold to silver
According to ETF Securities, increasingly positive views on the outlook for the global economy has seen more industrially-sensitive commodities increase inflows.
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ECB fireworks on the way BAML says
European Central Bank likely to set off ‘fireworks’ at its Council meeting this Thursday
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L G says dont bet everything on rate hike
Legal & General warns investors to exercise caution when positioning themselves for the expected cycle of UK interest rate hikes.
