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US consumers still see no improvement in wages, survey shows

Fri, 01 August 2014

The University of Michigan's consumer confidence index edged lower in July, hitting 81.8. That followed a preliminary estimate of 82 and a final June reading of 82.5. The consensus estimate was for ... [more]

RBS

RBS puts restrictions on Russian lending

Fri, 01 August 2014

Royal Bank of Scotland (RBS) said on Friday that it placed restrictions on its lending in Russia after the country was hit with further sanctions. The European Union (EU) has cut off financing for fi... [more]

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Manufacturing ISM beat forecasts in July

Fri, 01 August 2014

The US ISM manufacturing index rose to 57.1 in July, versus a reading of 55.3 in June, indicating an expansion in activity levels for a 14th consecutive month. The consensus estimate had been for a r... [more]

Capitol Hill

Federal Reserve moving closer to interest rate hike, says Fisher

Fri, 01 August 2014

The Federal Reserve is moving closer to increasing interest rates, according to Dallas Fed president Richard Fisher on Friday. Fisher noted that the labour market had improved and data had pointed to... [more]

USA Flag

US non-farm payrolls increase by 209,000 in July - UPDATE

Fri, 01 August 2014

US non-farm payrolls increased by 209,000 in July, according to the Department of Labor, despite a noticeable slowdown in hiring by service sector firms. The consensus estimate had been for an increa... [more]

Commodities: Gold and oil futures fall back after FOMC meeting

Fri, 01 August 2014

The commodities complex saw widespread selling on Thursday as global capital markets continued to react to signs that the US Federal Reserve may have shifted its bias, even if only modestly. Fed fund... [more]

UK manufacturing growth slows to lowest level for a year in July

Fri, 01 August 2014

UK manufacturing activity slowed to its worst level in a year last month, fuelling fears that the country's fragile economic recovery may be faltering. The UK manufacturing sector purchasing managers... [more]

Weak Eurozone manufacturing will lift ECB speculation, Markit says

Fri, 01 August 2014

Activity in the Eurozone manufacturing sector remained unchanged at seven-year lows despite continued overall growth, fuelling speculation that the European Central Bank (ECB) will act again to boost ... [more]

Israel rejects ceasefire calls, PM determined to destroy Hamas tunnels

Thu, 31 July 2014

Israeli Prime Minister Benjamin Netanyahu has rejected calls for a further ceasefire in Gaza and has called up 16,000 army reservists to stock up its forces after booby traps claimed the lives of thre... [more]

Chicago manufacturing sector PMI falls sharply in June

Thu, 31 July 2014

Market News International's (MNI) Chicago regional manufacturing sector purchasing managers' index (PMI) fell back sharply in June, hitting the 52.6 point mark - the lowest since June 2013 - after a r... [more]

Argentina defaults for second time in 13 years

Thu, 31 July 2014

Argentina has been unable to afford its debt repayments for the second time in 13 years after last-minute negotiations between the South American country and a group of hedge funds fell through on Wed... [more]

US jobless claims rise, but monthly average hits eight-year low

Thu, 31 July 2014

Initial weekly unemployment claims rose slightly more than forecast last week but remained near a post-recession low after dropping to a 14-year low the previous seven days. Jobless claims rose 23,00... [more]

US employment cost index rises slightly more than forecast

Thu, 31 July 2014

The US employment cost index increased by 0.7% during the second quarter in terms of quarterly rates of change (2% year-on-year), according to the Bureau of Labor Statistics (BLS). Compensation for p... [more]

Eurozone unemployment and inflation fall to new lows

Thu, 31 July 2014

Eurozone unemployment unexpectedly ticked down to a 21-month low, according to Eurostat data for June, with experts still suggesting there is spare capacity in the market. Specifically, the jobless r... [more]

Commodities: Gold and oil slip as US dollar strengthens

Thu, 31 July 2014

Gold futures for December delivery ended the day $3.6 lower at $1,296.70/oz. on COMEX. Front month West Texas crude futures finished off by 86 cents at $100.27/barrel out on the NYMEX. Adding to the... [more]

Eurozone inflation at 2009 low, ups pressure on ECB

Thu, 31 July 2014

Inflation in the Eurozone decreased yet again in July to its lowest level since 2009 and increased the pressure on the European Central Bank (ECB) to take additional measures at their policy meeting. ... [more]

German unemployment decreases, retail sales mixed

Thu, 31 July 2014

Germany registered a larger-than-expected fall in the number of unemployed in July, even though the jobless rate remained unchanged, according to data published by the German Statistics Office on Thur... [more]

Ebola fears spark emergency Cobra meeting

Wed, 30 July 2014

The UK government has called a meeting of its emergency Cobra committee to prepare precautions should the outbreak of Ebola virus currently gripping west Africa spread to these shores. The European U... [more]

US GDP grows by 4% in second quarter

Wed, 30 July 2014

The US economy expanded at an annualised pace of 4% in the second quarter of 2014, bouncing back strongly from a steep contraction in the weather-disrupted first quarter. The estimate smashed economi... [more]

ADP private payrolls rise 218,000 in July, miss forecasts

Wed, 30 July 2014

The American private sector added fewer-than-expected jobs in July, as hiring cooled after the strongest reading in 19 months in June. According to ADP, private-sector payrolls increased by 218,000 i... [more]

Eurozone economic mood stable but consumers downbeat on jobs

Wed, 30 July 2014

Eurozone economic sentiment remained broadly stable in July, although employment concerns weighed on consumer confidence, according to data published on Wednesday by the European Commission (EC). The... [more]

Higher interest rates could hurt global growth, IMF warns

Tue, 29 July 2014

The International Monetary Fund (IMF) on Tuesday warned that higher interest rates around the world and a weakness in emerging markets could reduce global growth by two percentage points in the next f... [more]

EU extends sanctions against Russia - UPDATE

Tue, 29 July 2014

The European Union (EU) agreed on Tuesday evening to impose new sanctions on Russia for its involvement in the turmoil in Ukraine. Amongst the new measures contemplated are limits on Russian st... [more]

Over 100 Palestinians killed as Israel steps up Gaza attacks

Tue, 29 July 2014

Ongoing fighting in Gaza on Tuesday claimed the lives of at least a hundred Palestinians, according to reports. Israel is said to have stepped up its attack of Gaza with 60 airstrikes targeting Hamas... [more]

Russia and Gaza conflicts present "disturbing" parallel with WWI

Tue, 29 July 2014

There is a real and troubling danger of conflict emerging in Europe, Asia and the Middle East, according to a former US Deputy Secretary of State. "My crystal ball is no better than any other," Strob... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Smith & Nephew 1,065.00 3.80 17:10
BG Group 1,208.50 3.11 16:42
Royal Mail 428.10 2.56 17:06
International Consolidated Airlines Group SA (CDI) 338.20 2.24 17:10
IMI 1,451.00 1.98 16:56

FTSE 100 Top Fallers

Name Last Chg.% Time
United Utilities Group 856.00 -3.82 17:08
Severn Trent 1,877.00 -3.00 17:00
Schroders 2,329.00 -2.55 17:12
Johnson Matthey 2,884.00 -2.53 17:00
Standard Life 365.50 -2.48 17:02