Fri 17 May 2013 Better than expected economic data, JP Morgan raises year-end target for S and P 500 to 1,715 from 1,580, Large rise in US dollar index, Goldman Sachs sees Fed tapering QE in December-CNBC
Fri 17 May 2013 Industrial machinery maker Caterpillar has cut the cost of its acquisition of a Chinese mining equipment group, meaning that it will take a big write-down following alleged accounting “irregularities”, the The Wall Street Journal writes.
Fri 17 May 2013 The main US equity averages are now being called to start the day with strong gains as traders step in after yesterday’s late stumble following erroneous reports – in some media outlets - of important forthcoming policy signals from Fed officials, today.
Fri 17 May 2013 Moody's Investor Service has decided to upgrade Turkey's credit rating to an investment grade with a 'stable' outlook after the country underwent several reforms to its financial structure.
Fri 17 May 2013 Finance Minister Pierre Moscovici believes that growth will return to France in the second half of this year after data on Wednesday showed the French economy slipped into recession during the first quarter.
Fri 17 May 2013 - Some websites reported important messages coming from Fed on Friday
Hilsenrath (WSJ): Fed not worried about low inflation, Fed (Williams): May be able to trim bond buying by summer, BIS (Caruana): Central banks should normalise rates sooner rather than later, Fed (Rosengren): Highly accommodative policy currently appropriate, Fed (Fisher): Not yet time to stop Treasury purchases, but soon
Thu 16 May 2013 “Proving once again that he's a long-term investor, not a day trader, billionaire investor Warren Buffett's Berkshire Hathaway made few changes to its closely followed $85bn stock portfolio in the first quarter,” the USA Today reports. The paper says that Berkshire upped its stakes in “three blue-chip favourites” - Wells Fargo, Wal-Mart and IBM.
Thu 16 May 2013 BIS (Caruana): Central banks should normalise rates sooner rather than later; Fed (Rosengren): Highly accommodative policy currently appropriate; Fed (Fisher): Should slow mortgage bond purchases
Thu 16 May 2013 The main US equity averages are now being called to start the day on a mixed footing, with the slightest of gains on the Dow Jones Industrial and S and P 500, but alongside a small rise in the Nasdaq Composite.