eurozone optimists too simplistic
F&C’s Ted Scott is still cautious over the rate of the eurozone’s recovery despite improving economic data relating to the region.
Macro News
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lower inflation not a priority for carney
Bank of England governor Mark Carney has fleshed out his monetary policy plans, reiterating the forward guidance of the last Monetary Policy Meeting but refusing to take the potential for further stimulus off the table.
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china will act if growth slumps
The shift in Chinese authorities' political rhetoric from a hawkish position to one of a more dove-like tone indicates potential for more pro-growth measures in the latter part of the year, according to Henderson's Charlie Awdry.
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will carney seize on greater uk growth
UK economic growth in Q2 has been revised upwards to 0.7% from a first estimate of 0.6%, prompting commentators to ask whether Bank of England governor Mark Carney’s monetary policy will be affected.
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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.
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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.