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Fed's Dudley warns against overly cautious approach on rates hike

Fed's Dudley warns against overly cautious approach on rates hike

Fri, 27 February 2015

William Dudley, the president of the New York Federal Reserve, said that longer-run value of the federal funds rate is 3.5%, way below its historical level of 4.5%. The longer-run value is important a... [more]

US consumer confidence falls for the first time in seven months

US consumer confidence falls for the first time in seven months

Fri, 27 February 2015

US consumer confidence declined in February, retreating from an 11-year high in the wake of rises in fuel costs and severe winter weather in parts of the country. The University of Michigan final inde... [more]

Chicago PMI tumbles to five and half year low in February

Chicago PMI tumbles to five and half year low in February

Fri, 27 February 2015

The Chicago Purchasing Managers' Index tumbled to 45.8 from 59.4 in February, its lowest level in five and a half years. The reading came in way below analysts' expectations of a 58.0 reading and fell... [more]

US GDP falls from 2.6% to 2.2% in the fourth quarter

US GDP falls from 2.6% to 2.2% in the fourth quarter

Fri, 27 February 2015

US gross domestic product in the fourth quarter fell to 2.2% from a 2.6% in the previous quarter, but above analysts' expectations of a 2.0% reading. Meanwhile, US personal consumption declined slight... [more]

German consumer price index above forecast in February

German consumer price index above forecast in February

Fri, 27 February 2015

German preliminary consumer price index (CPI) inflation rose 0.1% year-on-year in February, compared with expectations of a 0.3% contraction and after a 0.4% decline in January. The harmonised year-on... [more]

Commodities: Gold prices pare gains amid US data flurry

Fri, 27 February 2015

Gold prices rose on Thursday as buyers in China returned after the New Year break, but trimmed gains as a flurry of US economic data gave investors plenty to think about. Gold futures for April delive... [more]

Jihadi John's true identity revealed

Thu, 26 February 2015

The masked Islamic State (IS) militant known as "Jihadi John", who appeared in a series of videoed beheadings has been named as Mohammed Emwazi. He is a Kuwaiti-born British man in his mid-20s from We... [more]

Citi cuts its 2015 outlook for US but raises for Eurozone

Thu, 26 February 2015

US banking giant Citigroup adjusted its economic outlook for the US and Eurozone, cutting 2015 growth forecasts for the world's largest economy but raising its forecasts for the 17-nation bloc. In its... [more]

ECB's QE triggers EUR92bn increase in European pension liabilities

Thu, 26 February 2015

The European Central Bank's quantitative easing measures will indirectly increase European pension liabilities by €92bn, according to Standard & Poor's. The ratings agency says that the launch of... [more]

Orders for US durable goods sprint past forecasts

Thu, 26 February 2015

US durable goods orders grew by 2.8% month-on-month in January according to the US Department of Commerce. Economists had been expecting an increase of 1.7%. Excluding the transportation sector order... [more]

US consumer prices dip into negative territory, but core prices hold up

Thu, 26 February 2015

US consumer prices drifted into negative territory in January as energy prices dropped by an out-sized 9.7%, according to the Bureau of Labor Statistics (BLS). The consumer price index (CPI) fell by 0... [more]

US unemployment claims jump unexpectedly

Thu, 26 February 2015

Initial weekly unemployment claims jumped by 31,000 to reach 313,000 over the seven days ending on 21 February, according to the US Department of Labor. The consensus forecast was for a print of 290,0... [more]

US unemployment claims jump unexpectedly

Thu, 26 February 2015

Initial weekly unemployment claims jumped by 31,000 to reach 313,000 over the seven days ending on 21 February, according to the US Department of Labor. The consensus forecast was for a print of 290,0... [more]

Afghanistan suicide bomber drives explosive car into Nato envoy

Thu, 26 February 2015

A suicide bomber rammed a car packed with explosive into a vehicle containing NATO's top envoy in Afghanistan, Turkish officials said. "A car bomb attack has been carried out on the vehicle of the sec... [more]

Commodities: Oil rises as US output steady at record highs

Thu, 26 February 2015

Front month West Texas crude futures rose by $1.83 to settle at $50.99 per barrel on the NYMEX. That came despite an out-sized build of 8.43m barrels in US commercial oil inventories over the last wee... [more]

US home sales above expectations in January

Wed, 25 February 2015

New US home sales sold at an annual rate of 481,000 in January, declining slightly from 482,000 in December. However, analysts had expected a reading of 470,000. Meanwhile, revised data for December ... [more]

Germany voices doubts over Greece bailout extension vote

Wed, 25 February 2015

After the approval from the Eurogroup on Tuesday, Greece needs now the vote from several eurozone countries to a four-month bailout extension, with German politicians expected to pose a tough challeng... [more]

US mortgage applications decline to lowest level since January

Wed, 25 February 2015

Applications for US home mortgages fell for a third consecutive week in the week ended 20 February. According to figures released by the Mortgage Bankers Association (MBA), the adjusted index of mortg... [more]

Irish 10-year government bond yield drops below 1%

Wed, 25 February 2015

On Wednesday morning the yield on Irish 10-year sovereign bonds dipped below 1% for the first time on record. That came despite what some market commentary described as a speech from US Federal reserv... [more]

Russia threatens to stop natural gas exports to Ukraine

Wed, 25 February 2015

Russian energy company Gazprom has threatened to stop delivering natural gas to Ukraine in the next two days after incurring in late payments. The feud over natural gas was thought to have been settle... [more]

Chinese manufacturing activity back in expansion zone

Wed, 25 February 2015

Manufacturing activity in China ended a two month reversal by moving back into expansion zone in February, according to a preliminary reading of HSBC's index which tracks the sector. Despite the run o... [more]

Commodities: Gold prices drop to two-month low

Wed, 25 February 2015

Gold prices fell to a two-month low on Tuesday as increased investor risk appetite benefitted equities after Federal Reserve chair Janet Yellen lowered expectations for a rate increase any time soon. ... [more]

US service sector activity bounces back in February

Tue, 24 February 2015

Activity in the US services sector bounced back in February, as new work at companies recovered from the prior month's record low levels, the results of a survey showed. Markit's services sector purch... [more]

US consumer confidence declines in February

Tue, 24 February 2015

US consumer confidence dropped to 96.4 in February, after reaching a seven-year high of 103.8 in January. Barclays analysts had expected a reading of 99.5. The present situation index edged lower, fa... [more]

Yellen hints at plans for dropping 'patient' from Fed's statement

Tue, 24 February 2015

Federal Reserve Chairwoman Janet Yellen told the Congress the Federal Reserve was making plans to drop the word "patient" from its statement. Speaking on Tuesday, Yellen insisted that investors should... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
International Consolidated Airlines Group SA (CDI) 580.00 3.66 17:11
Associated British Foods 3,125.00 2.49 17:10
Intertek Group 2,530.00 2.43 17:10
InterContinental Hotels Group 2,650.00 2.12 17:10
Imperial Tobacco Group 3,193.00 2.08 17:08

FTSE 100 Top Fallers

Name Last Chg.% Time
Intu Properties 353.50 -5.10 17:07
Royal Bank of Scotland Group 367.20 -5.02 17:11
Barclays 256.90 -1.98 17:11
Weir Group 1,704.00 -1.73 16:56
Aberdeen Asset Management 468.60 -1.53 17:07