Equities respond positively to Fed hawks
Markets responded positively to the release of the Federal Open Market Committee minutes, which showed a December rate rise is increasingly likely.
Federal Reserve
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PA ANALYSIS: Bulls on parade, but beware an earnings shock
The latest BofA Merrill Lynch Fund Manager Survey has found reignited appetite for risk amid expectations of a December Fed rate hike, but are investors being premature?
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PA ANALYSIS: The US and UK are unconsciously ‘de-coupling’
The past week has been one of stark contrasts for the two sides of the ‘special relationship’ in economic terms.
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US job number points to December rate rise
The number of jobs created in the United States in October rose to 271,000 the Labor Department revealed today – far above the consensus forecast of 182,000- fuelling expectations of a December rate hike.
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PA ANALYSIS: Reality check for dovish BoE
The Bank of England eschewed any great fireworks today, releasing the doves instead.
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Hawkish Fed spurs on December rate hike expectations
An upbeat Fed has caught markets by surprise, reinforcing the high probability of a rate hike in December, according to commentators.
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Preparing today for tomorrow’s rate rise – Amundi’s Stevens
Nobody on the planet knows when the Fed is going to put up interest rates but Amundi has a fixed income proposition that is ready whenever the balloon does go up.
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The Fed has made a policy error – M&G’s Lord
Keeping interest rates as low as they are for as long as they have done is a policy error on the part of the Fed says M&G bond manager, Ben Lord.
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PA ANALYSIS: Weak US job numbers may prompt another Yellen U-turn
The US economy seems to be treading water at best now, with the latest non-farm payroll data released by the Labor Department decidedly unimpressive.
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US rates may still be below 1% in five years – Martin Currie
US interest rates may still be below 1% in five years’ time, says Martin Currie’s Tom Walker, and equity investors should be happy with 5% annual returns.
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PA ANALYSIS: UK bets on Chinese golden age as Fed drops baton
If any further evidence was needed of the long term direction of travel for global financial markets, one need look no further than Aberdeen Asset Management’s announcement that it has been granted a business licence to operate in China.
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PA ANALYSIS: The Fed has set a dangerous precedent
In holding interest rates at rock bottom this week, the Federal Reserve has set a dangerous precedent which may come back to haunt it, and the global economy.