markets dip on fear of qe ending in the us
The US Federal Reserve has hinted its quantitative easing (QE) programme could be halted by the end of 2013, prompting markets to hand back some of their recent gains.
The US Federal Reserve has hinted its quantitative easing (QE) programme could be halted by the end of 2013, prompting markets to hand back some of their recent gains.
The US has averted going off the edge of the fiscal cliff – the $600bn package of automatic tax increases and spending cuts that could have sent it back into recession.
The UK economy is likely to falter further throughout the coming year, leading think tanks have warned.
The US government has reached to a deal to help the country avoid the looming fiscal cliff that threatened to send it back into recession.
Fixed income proved to be popular during 2012 as investors continued their flight to safety and stayed reluctant to move back to equities en masse.
The world’s emerging markets took a hit over 2012 as global growth slowed and the eurozone debt crisis continued to drag on exports.
The UK economy grew by less than originally thought in the third quarter of the year, according to revisions to official data.
The past year has been a rollercoaster for Europe, with commentators spending the bulk of it fearing a Greek exit from the eurozone and a disorderly break-up of the single currency.
Many recent headlines about the US focused on the fiscal cliff – that $600bn package of automatic tax increases and government spending cuts that threatens to send the country back into recession.
The last year saw the UK mired in a double-dip recession until the Olympic boost helped the economy to finally achieve some growth.
Fitch Ratings has warned about complacency spreading through fixed-income markets and among policymakers as tentative progress is made in the eurozone debt crisis.
Consumer price inflation was unchanged over November, according to official figures, although it remains above target and could rise again in the coming months.