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US CPI rises slightly faster than expected in September

US CPI rises slightly faster than expected in September

Wed, 22 October 2014

US consumer prices remained unchanged in September at a 1.7% year-on-year rate of change, according to the latest figures from the Bureau of Labour Statistics. That was one tenth of a percentage point... [more]

Commodities: Copper and oil gain on Chinese data

Commodities: Copper and oil gain on Chinese data

Wed, 22 October 2014

Three-month copper futures on the LME gained 1.66% to $6,669 per metric tonne out on the LME following a smaller than expected slowdown in Chinese economic growth in the third quarter. Front month Wes... [more]

Eleven Eurozone banks poised to fail stress tests - UPDATE

Eleven Eurozone banks poised to fail stress tests - UPDATE

Wed, 22 October 2014

As markets prepare for the official results of the European Central Bank (ECB) stress tests and asset quality review on Sunday, a report stated that 11 Eurozone banks would fail similar tests by the E... [more]

MPC minutes emphasise lack of inflationary pressures

MPC minutes emphasise lack of inflationary pressures

Wed, 22 October 2014

As anticipated by economists, the minutes of the 7 to 8 October meeting of the Monetary Policy Committee (MPC) revealed that the decision to maintain Bank Rate and the current size of the Bank's bond ... [more]

US existing home sales rose past forecasts in September

US existing home sales rose past forecasts in September

Tue, 21 October 2014

Existing home sales in the US grew by 2.4% month-on-month in September to reach a 5.17m unit pace, the quickest this year, according to the National Association of Realtors (NAR). The consensus estima... [more]

ECB said to be considering corporate bond purchases

Tue, 21 October 2014

Today's surge in European equities is being attributed by some market commentary to reports that the European Central Bank (ECB) is considering the purchase of corporate bonds. According to The Wall S... [more]

Moody's warns oil could fall into $70s but remain solid long-term

Tue, 21 October 2014

The sharp drop in oil prices is not a prelude to a long-term collapse, insisted rating agency Moody's, but prices could fall into the $70 range in coming months. After trading within a $20 band for se... [more]

International air passengers up 4.5% in August, IATA says

Tue, 21 October 2014

The number of international air passengers improved by 4.5% in August, up from a 2.6% increase in July, the International Air Transport Association (IATA) said. The results show that the business is i... [more]

Commodities: Gold futures rise ahead of peak demand season in India

Tue, 21 October 2014

The commodities complex saw some mixed trends on Monday, although there was clear selling pressure in some of the most economically sensitive areas of the market, despite an absence of any significant... [more]

Banks may pay up to $41bn to settle currency fixing claims, analysts say

Tue, 21 October 2014

Banks could be forced to pay as much as $41bn to settle an investigation into their alleged collusion and manipulation of the foreign exchange market, Citigroup analysts have said. Deutsche Bank is ex... [more]

India's Finance ministry asks for controls on gold imports

Mon, 20 October 2014

India's finance ministry has reportedly asked the country's central bank, the Reserve Bank of India, to consider re-imposing some controls on imports of gold following a surge in shipments in Septembe... [more]

Commodities: Kuwait and Saudi Arabia halt production at Khafji oil field

Mon, 20 October 2014

The commodities complex was to be seen mostly lower on Friday, likely pressured by a rebound in the dollar, albeit with some significant exceptions. Thus, front month West Texas crude futures finished... [more]

ECB leak reveals contents of first ever monetary policy minutes

Fri, 17 October 2014

European Central Bank (ECB) minutes reportedly got leaked on Friday for the first time ever. Although the Bank of England (BoE) and the Federal Reserve (Fed) regularly report the minutes of their deli... [more]

US housing starts beat expectations in September

Fri, 17 October 2014

US housing starts grew at a seasonally adjusted pace of 1.017m in September, for a 6.3% gain in month-on-month terms, according to the Department of Commerce. Versus the year-ago period they saw a ris... [more]

University of Michigan consumer sentiment index jumps to 86.4, ahead of forecasts

Fri, 17 October 2014

The University of Michigan's preliminary consumer confidence index for the month of October edged higher, to a reading of 86.4. The consensus estimate had been for a print of 84.2. In a positive deve... [more]

Ukraine digs anti-tank ditches along Russian border

Fri, 17 October 2014

The Ukrainian State Border Service (USBS) has built more than 200 watchtowers on the Russian border and has been digging ditches in case tanks across state lines with Russia, the Ukrainian National Se... [more]

Brent futures gain as global capital markets try to find their feet

Fri, 17 October 2014

Front month Brent futures are now edging higher following a large bounce in the previous session, mimicking price movements in the other main asset classes following Wednesday spasm, which sent US, UK... [more]

US Philly Fed index comes in slightly ahead of forecasts

Thu, 16 October 2014

Manufacturing conditions in the north-eastern US cooled a tad in October, according to a monthly gauge on activity crafted by the Federal Reserve bank of Philadelphia. The headline index derived from ... [more]

Putin warns of siphoning as Ukraine plans EU and US gas transport tender

Thu, 16 October 2014

Ukraine said it expected European and US companies to bid to invest in its gas transport system when the public tender process is launched shortly, though Russia has warned that "unsanctioned gas siph... [more]

China steps up Ebola preparations in hospitals

Thu, 16 October 2014

China has stepped up preparations for a potential outbreak of Ebola, ensuring hospitals have ample equipment and setting up a national database of suspected and confirmed Ebola patients. The country's... [more]

Philadelphia Fed president Plosser says rates should rise sooner rather than later

Thu, 16 October 2014

Unperturbed by the latest ructions in global capital markets, on Thursday the president of the Federal Reserve bank of Philadelphia, Charles Plosser, said the US central bank should begin raising its ... [more]

Initial weekly US jobless claims drop to lowest since April 2000

Thu, 16 October 2014

Initial weekly US jobless claims dropped by 23,000 over the seven days ending on 11 October, according to the Department of Labor. That was the lowest tally since April 2000. The consensus forecast ... [more]

Islamic State pulls back from Kobani as US airstrikes intensify

Thu, 16 October 2014

US strikes in the Syrian city of Kobani intensified on Thursday, forcing jihadi group Islamic State (IS) to retreat from its attempt to take over the region lying between the borders of Syria and Turk... [more]

Greek 10-year bond yields surge on political uncertainty

Thu, 16 October 2014

Yields on 10-year Greek government bonds were surging higher in later morning trading on Thursday as international capital markets continued to react to a perceived increase in political uncertainty i... [more]

Commerzbank settlement with US officials postponed

Thu, 16 October 2014

German bank Commerzbank's settlement with US authorities over alleged sanctions violations has been postponed, as prosecutors aim to end a separate probe. The inquiry US authorities are focused on rel... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
GlaxoSmithKline 1,388.50 3.46 16:05
Direct Line Insurance Group 279.80 3.21 16:05
Admiral Group 1,281.00 3.06 16:05
ARM Holdings 824.50 2.30 16:05
Babcock International Group 1,080.00 2.27 16:05

FTSE 100 Top Fallers

Name Last Chg.% Time
Sainsbury (J) 241.70 -3.32 16:05
British American Tobacco 3,358.00 -3.13 16:05
Morrison (Wm) Supermarkets 157.50 -2.84 16:05
Fresnillo 786.00 -2.78 16:05
Randgold Resources Ltd. 4,170.00 -2.55 16:05