Economics Page 352

Dollar in back pocket
Dollar lifts on US stimulus retreat

In a widely anticipated shift US Federal Reserve boss Janet Yellen yesterday confirmed the removal of economic stimulus it has poured into the American economy

Adrian Holliday
Photo of Federal Reserve
Yellen poised to hit the unwind button tonight

Will the US Fed announce The Big Unwind this evening? Stock market trading was marked by small skirmishes today at best as investors await the judgement of Janet Yellen

Adrian Holliday
ons chart
ONS reports UK retail sales rise in both volume and value

Retail sales rose in the UK in August, both in volume and value, according to the latest figures released by the Office for National Statistics this morning.

Brian Bollen
Wall Street photo
US stocks hit all-time high

At close to 4pm the Dow Jones was well past the 22,300 threshold at 22,335, up +0.30% while the S&P500 slid over the 2,500 barrier to 2,506.

Adrian Holliday
bis building
Missing debt mountains: a 'What if?' poser from the BIS

More than US$10.7tn of debt globally is not being recorded on any balance sheet anywhere, according to a just-published paper from the Bank for International Settlements

Brian Bollen
Paris-based Chinese-owned luxury goods group SMCP in IPO

Paris-based Chinese-owned luxury goods group SMCP has this morning confirmed that it plans to list on the French stock exchange, Euronext Paris.

Brian Bollen

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Federal Reserve
Economic preview: Fed and BoJ policy decisions loom

Central bankers take centre stage again this week, with monetary policy decisions from the US Federal Reserve on Wednesday and the Bank of Japan on Thursday

Neil Dennis
Tokyo street
Nikkei 225 shrugs off North Korean goading

Despite North Korea dispatching another ballistic missile over Japan and threatening to send it “into the sea” markets kept their cool.

Adrian Holliday
Bank of England
Bank of England holds but prepares markets for policy tightening

The Bank of England's interest rate setting committee elect to keep its main rate on hold, but issues forward guidance that make it clear the next move on rates will be higher

Neil Dennis
Construction site
Interserve shares plummet after fresh profit warning

Outsourcing company Interserve saw shares almost halve this morning with an unexpected announcement that its outturn would be “significantly below previous forecasts”.

Alison Bloomer
Walking outside Bank of England, photo
Will Carney shock markets with a midday rate hike?

A tighter jobs market, soaring inflation (at 2.9% well above target) and rising personal debt

Adrian Holliday
Oil prices surge as US reserves fall

The main commodity news was oil, up more than +2% after more evidence from the International Energy Agency that global crude production was stuttering

Adrian Holliday
Photo of Apple store logo
iPhone X fails to move Apple’s share price

Despite the hype of augmented reality and facial recognition Apple’s new £999 X iPhone (basic version) failed to lift Apple’s share price yesterday.

Adrian Holliday
Equitable Life
Think the unthinkable to avoid the next financial crisis

Banks trying to maintain profit growth in an era of low interest rates and executives who refused to think the unthinkable were responsible for the financial crisis and crucial lessons remain to be learned

Neil Dennis
Bank of America Merrill Lynch global fund manager survey
It's not the US market, stupid

It's not the US market, stupid, is the eye-catching headline on the just-published September Bank of America Merrill Lynch global fund manager survey.

Brian Bollen