Remarkable Fed statement keeps tapering on hold
The Federal Reserve has decided to keep its bond buying programme unchanged, according to a ‘remarkable‘ statement issued last night that failed to touch on the government shutdown.
The Federal Reserve has decided to keep its bond buying programme unchanged, according to a ‘remarkable‘ statement issued last night that failed to touch on the government shutdown.
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Asian leaders should use the current slowdown to push through some much-needed structural reforms, First State’s Angus Tulloch and Martin Lau have said, arguing that turning weakness to their advantage will boost growth over the longer term.
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Sentiment towards European equities has reached a six-year high, according to the Bank of America Merrill Lynch Fund Manager Survey for October.
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Mid-cap stocks look to be key beneficiaries following the encouraging UK GDP data from the Office for National Statistics, according to industry commentators.
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The recovery in the European economy is pretty tepid, but the fundamentals have stopped getting worse, which is all it takes for investors to profit, says John Bennett, fund manager of Henderson European Focus Trust.
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Raghuram Rajan inspired an outbreak of optimism when he took the reins as the Governor of the Reserve Bank of India. Economists now suggest that this is not merely irrational exuberance, and is grounded in realistic expectations of economic improvement.
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Raghuram Rajan inspired an outbreak of optimism when he took the reins as the Governor of the Reserve Bank of India. Economists now suggest that this is not merely irrational exuberance, and is grounded in realistic expectations of economic improvement.
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High yield bonds, and companies struggling to borrow, are both unexpected ‘safe places to hide’ in an era of cheap money, according to Ben Bennett, credit strategist for Legal & General.
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It looks increasingly likely that tapering will be off the table in the US following the weaker than expected payrolls numbers.
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China’s growth accelerated to 7.8% year-on-year, reversing the slowdown seen during the first half of 2013.
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The US budget deadlock was broken overnight but after being closed for 16 days, the fingerprints of the shutdown are clear to see.
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Ratings agency Fitch last night said it could cut America’s prized AAA credit rating, but investors have shrugged off the warning.
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