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Commodities

Fed must hike rates sooner or risks falling behind the curve, says Bullard

Fed must hike rates sooner or risks falling behind the curve, says Bullard

Fri, 30 January 2015

St Louis Federal Reserve president, James Bullard, said the Fed should not delay its decision to hike interest rates for much longer as it risks falling behind the curve. Bullard, who isn't a Federal ... [more]

Romney decides against running for president again

Romney decides against running for president again

Fri, 30 January 2015

Republican Mitt Romney has decided against running for president in the 2016 US elections. Romney, who was beaten by President Obama in the US 2012 election, said he had decided it was "best to give o... [more]

Apple shares hit record $120

Apple shares hit record $120

Fri, 30 January 2015

Apple reached a new milestone on Friday, as shares set a new record high by breaking through the $120 mark. Shares in the iPhone maker rose by as much as 0.9% in the first two hours of trading in New ... [more]

US economic growth cools more than forecast

US economic growth cools more than forecast

Fri, 30 January 2015

US gross domestic product (GDP), the broadest measure of goods and services produced across the economy, grew at a 2.6% annual rate in the fourth quarter, the Commerce Department said on Friday. Econo... [more]

Russia unexpectedly cut benchmark interest rates

Russia unexpectedly cut benchmark interest rates

Fri, 30 January 2015

Russia has unexpectedly cut benchmark interest rates amid concerns over an impending recession. The one-week auction rate was reduced to 15% from 17 %, the central bank said in a statement on its webs... [more]

27 dead after ISIS-linked terror group strikes Egypt

Fri, 30 January 2015

A terror group associated with ISIS has killed at least 27 people in several co-ordinated attacks on Egyptian police and military in the Sinai Peninsula. The strike, led by Egypt's most active terrori... [more]

US pre-open: Markets set for lower open ahead of GDP

Fri, 30 January 2015

Markets look set for a lower open on Friday ahead of the latest quarterly US gross domestic product (GDP) figures while the US dollar remains strong. Spreadex analyst Connor Campbell said: "A strong c... [more]

Commodities: Oil prices continue rise, gold slumps

Fri, 30 January 2015

Oil prices rose on Thursday to hover below $50 a barrel but a lack of market demand means that long-term increase is still unlikely. At the end of Wednesday's session, Brent futures rose 1.2% to $49.0... [more]

Russia considers giving financial help to Greece

Thu, 29 January 2015

Russia's finance minister has said that the country would consider giving aid to Greece. Anton Siluanov told CNBC that Russia would not rule out giving debt-ridden Greece a helping hand if they asked.... [more]

Maternity hospital explosion in Mexico leaves 3 dead, more than 50 injured

Thu, 29 January 2015

An explosion at a children's hospital in Mexico City has left three dead and more than 20 infants injured, and the building on the verge of collapse with some people reported to be trapped inside. Eme... [more]

US initial jobless claims fall to 14-year low

Thu, 29 January 2015

US initial jobless claims fell from 308,000 to 265,000 in the week ending 24 January, reaching their lowest level in 14 years. The decline, the biggest since November 2012, was much larger than antici... [more]

Greek concerns hit markets but Europe may escape meltdown

Thu, 29 January 2015

As recently elected Greek anti-austerity party Syriza clashed with its European Union (EU) partners, Athen's stock market has tumbled, Greek sovereign debt yields have soared and the country's banks r... [more]

German unemployment rate slips but less than expected

Thu, 29 January 2015

Germany's jobless rate declined in January, though the number of unemployed dropped less than economists expected. The German unemployment rate declined to 6.5% from December's revised reading of 6.6%... [more]

Commodities: Oil and gold drop, copper rebounds en route to Fed meeting

Thu, 29 January 2015

Oil prices and gold futures were negative on Wednesday while copper futures rebounded ahead of the Federal Reserve meeting. At the end of Wednesday's session, Brent futures fell 2.2% to $48.49 while I... [more]

Fed preview: no policy move expected, yet statement change 'guaranteed'

Wed, 28 January 2015

Though market experts do not widely expect large adjustments to the language in the Federal Reserve's (Fed) monetary policy statement on Wednesday, they will be watching for hints on the timing of fut... [more]

Anglo American production declines and impairments planned

Wed, 28 January 2015

Production in the fourth quarter generally declined at Anglo American as the mining giant warned that crumbling commodity prices would lead to impairment charges in its full year results. Compared to ... [more]

Commodities: Gold wins favour, oil rebounds and copper declines in volatile global market

Wed, 28 January 2015

Oil prices and gold futures were positive on Tuesday as the flailing US market took centre stage, while copper futures dipped ahead of the upcoming meeting of the Federal Reserve. At the end of Tuesda... [more]

Greece's new government aims to end 'vicious circle'of bailout and borrowing

Tue, 27 January 2015

Yanis Varoufakis, Greece's new finance minister, said the country's newly-elected government will aim to "end the vicious cycle" of bailout and borrowing. Varoufakis, who replaced Alexis Tsipras, the ... [more]

Putin claims S&P's decision to cut Russia's rating was politically motivated

Tue, 27 January 2015

Russian president Vladimir Putin has blamed Standard & Poor's decision to cut Russia's government debt to 'junk' on political pressure. On Monday, the rating agency slashed its rating on Russian sover... [more]

Saxo Bank to take legal action if necessary to recover negative balances

Tue, 27 January 2015

Saxo Bank executives have emphasised that losses from negative balances, although immaterial, would be pursued with legal action to protect client accounts. The company claims to have enough cash to... [more]

'Internet of Things' vehicles will reach 250m by 2020, says Gartner research

Tue, 27 January 2015

New research by Gartner has claimed that a quarter of a billion connected vehicles will be on the roads by 2020. In a discussion of the internet of things, which alludes to the idea that at some point... [more]

EU in talks to place more sanctions on Russia

Tue, 27 January 2015

Government heads at the EU have requested that foreign ministers contemplate additional government sanctions on Russia following the latest rebel violence in eastern Ukraine, for which the bloc has at... [more]

Greece's election outcome is credit negative, Moody's says

Tue, 27 January 2015

Moody's Investors Service said the outcome of the elections in Greece were credit negative for the country's rating because it caused prolonged financial uncertainty as the anti-austerity party Syriza... [more]

Commodities: Oil declines, metals mixed ahead of Fed meeting

Tue, 27 January 2015

Oil prices were receding late on Monday after rebounding slightly in the day, while gold and metal futures were mixed ahead of a Federal Reserve meeting. At the end of Monday's session, Brent futures ... [more]

S&P downgrades Russia credit grade to junk level

Mon, 26 January 2015

Rating agency Standard & Poor's (S&P) lowered its long- and short-term foreign currency sovereign credit ratings on the Russian Federation to 'BB+/B' from 'BBB-/A-3'. The agency also lowered the long-... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Randgold Resources Ltd. 5,685.00 4.89 16:44
Fresnillo 899.00 4.23 17:00
Tullow Oil 365.00 4.02 16:44
Dixons Carphone 435.00 2.55 17:13
BHP Billiton 1,446.00 2.09 17:13

FTSE 100 Top Fallers

Name Last Chg.% Time
International Consolidated Airlines Group SA (CDI) 544.50 -3.46 17:09
Sainsbury (J) 255.40 -3.18 17:13
Ashtead Group 1,088.00 -2.77 17:07
Morrison (Wm) Supermarkets 179.90 -2.70 16:41
BT Group 417.90 -2.61 17:09