FTSE stumbles despite retail sales boost
The FTSE 100 has had its worst intraday fall since June, despite the fillip of a jump in retail sales.
Macro News
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inflation peaked but remain above target
Inflation may have peaked, but it is also unlikely to get back to its 2% target in the foreseeable future Ernst & Young’s ITEM Club has predicted.
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cameron – uk cannot afford to miss fracking
Prime Minister David Cameron has given controversial fracking technology his unequivocal backing, saying it could drive energy prices down, create jobs and give money back to local neighbourhoods.
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Manufacturing output up as UK recovery continues
Manufacturing output rose 1.9% in June, its strongest growth since 2010 and more than double the expected rate according to the Office of National Statistics.
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Banks boost bond issuance between June and July
Global bond issuance increased 24% between June and July as the total value of new issues for the month hit $220bn.
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all eyes on inflation report as rate held
Fund managers have predicted the UK inflation report due next week will be of greater importance than the interest rate announcement today, which said the monetary policy committee under Mark Carney had chosen to hold the base rate at 0.5%.
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Bernanke reiterates Fed monetary policy
Ben Bernanke made moves to allay fears the Fed has changed course on its monetary policy, announcing QE easing will only be implemented if the all economic requisites are met.
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MA activity continues to fall through Q2 2013
European mergers and acquisitions dropped year on year in Q2 2012, both in terms of deal value and deal volume according to data provided by Mergermarket.
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china gdp growth 7 per cent
China's GDP continues to grow but its level of growth dropped for the second consecutive quarter as Premier Li Keqiang's policies to rein in his country's credit boom start to kick in.
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Investor sentiment a tale of two sides
Investor optimism has improved over the past six months and UK and international shares in particular have become more attractive investment prospects.
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uks growth expectations given boost
The UK services sector reported its sharpest rise in activity for more than two years month-on-month in June, with the purchase managers’ index reading of 56.9 way ahead of the crucial 50 mark which indicates the sector is in expansion.
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Hungry shoppers boost retail sales in May
Retail sales were up significantly in May, driven in large part by a 3.5% rise in supermarket food sales according to Office of National Statistics (ONS) data.
