super committee fails to agree us tax cuts
The US Super Committee has failed to reach an agreement on a plan to reduce the country’s $15trn national debt by $1.2trn.
Macro News
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brics and rising stars are future growth economies
Jim O’Neill says the BRIC countries and other “rising stars” should take over from the current economic power-houses that are simply members of groups like the G7 for historic reasons.
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uk inflation begins its rapid descent
UK inflation fell back last month in a drop that signalled the start of a rapid descent back to target level, according to commentators.
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more friendly fire from us at asia pacific
The US has once again criticised everyone else, particularly Asian countries, for not doing enough to stimulate global economic growth.
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long term investors should have 20 percent in asia
Investors should hold up to 20% of their portfolio in Asia over the long term, even though short-term volatility is set to continue, according to Fidelity’s director of Asian equities, Catherine Yeung.
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fund redemptions slow slightly in september
Long-term funds in Europe suffered redemptions of 46.2bn in September, as continued market volatility in the month sent investors running scared.
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gilt investors to see negative real yields
Investors in 10-year Gilts could receive negative real yields of between 30% and 40% if the government continues to use them to restructure debt by stealth.
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Surprising sector top consistency tables
The most consistent sectors for top quartile returns over the past three months were Emerging Markets, UK Smaller Companies and, surprisingly, Europe ex-UK, according to Thames River Multi-Capital.
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greek pm stands down as coalition is formed
Greek Prime Minister George Papandreou is to help form a new colaition government but will not be its leader.
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eurozone crisis to lead to further rate cuts
The ECB is likely to cut interest rates back to 1% in coming months as the Greek crisis lacks any near-term resolution, according to commentators.
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eus dash to china dampens markets
Euphoria seen on Thursday after the announcement of a three-pronged eurozone deal has retreated today to leave the FTSE 100 and other European indices trading in negative territory.
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european deal sees greek haircut
After 11 hour negotiations following months of conversations, a number of agreements have been reached to help reduce eurozone sovereign debt.
