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Two strains of avian flu detected in US, but neither is a health concern

Two strains of avian flu detected in US, but neither is a health concern

Wed, 17 December 2014

Two strains of avian influenza, or "bird-flu", were detected in wild birds in the north-western US state of Washington, a government agency said on Wednesday. The two highly pathogenic strains found h... [more]

Fed likely to maintain low rates for a considerable time

Fed likely to maintain low rates for a considerable time

Wed, 17 December 2014

Following its meeting on Wednesday the Federal Open Market Committee (FOMC) has said that it can be patient in beginning to normalise the stance of its monetary policy. Significantly, it added that it... [more]

UK should be cautious, but is largely unaffected by Russian market strife, says BoE's Cunliffe

UK should be cautious, but is largely unaffected by Russian market strife, says BoE's Cunliffe

Wed, 17 December 2014

The UK must weigh up risks to its financial system in the wake of Russian market strife, according to Bank of England (BoE) deputy governor Jon Cunliffe. Although Britain has little exposure to Ru... [more]

Eurozone inflation confirmed at 0.3%, as expected, but risks remain

Eurozone inflation confirmed at 0.3%, as expected, but risks remain

Wed, 17 December 2014

Eurozone inflation rose 0.3% year-on-year in November, European statistics agency Eurostat confirmed on Wednesday, but economists are still concerned about the risk of potential deflation. The unrevis... [more]

Russia's economy is headed for a meltdown, say commentators

Russia's economy is headed for a meltdown, say commentators

Wed, 17 December 2014

Despite having increased interest rates to 17% on Monday, Russia's central bank has failed to stop the rouble's volatile free fall into the abyss, prompting fears of an imminent economic meltdown. On ... [more]

Greece fails to elect a new president in the first round of voting

Wed, 17 December 2014

The first attempt by Greek Prime Minister Antonis Samaras to elect a new head of state has failed, after he was unable to gather enough support from lawmakers. In the first round of voting 100 lawmake... [more]

Apple halts Russian sales after crash in rouble

Tue, 16 December 2014

Apple has halted its on-line sales in Russia due to the "extreme" rouble fluctuations, the company said. "Our on-line store in Russia is currently unavailable while we review pricing," Alan Hely, a ... [more]

US housing activity cooled slightly in November

Tue, 16 December 2014

The US housing sector cooled in November following two months of strong gains. Housing starts retreated 1.6% month-on-month to reach an annualised rate of 1.028m, according to the Department of Commer... [more]

Russian rouble plummets as traders bet against central bank

Tue, 16 December 2014

Overnight, Russia's central bank hiked short-term interest rates in a bid to stem a rout in the country's currency. The increasingly tense geopolitical situation and accompanying sanctions have been w... [more]

German economic sentiment beats expectations in December

Tue, 16 December 2014

German economic sentiment improved sharply in December thanks to a weak euro and the low price of crude oil, the Centre for European Economic Research (ZEW) said on Tuesday. The think tank's gauge jum... [more]

Chinese manufacturing slowed to a seven-month low in December

Tue, 16 December 2014

Activity in China's manufacturing sector slowed in December to a seven-month low, the results of a survey revealed. The HSBC/Markit manufacturing sector purchasing managers' index (PMI) fell to a read... [more]

Russia hikes rates to stem rout in Rouble

Tue, 16 December 2014

Overnight Russia's central bank hiked short-term interest rates in a bid to stem a rout in the country's currency. The monetary authority upped its main policy rate to 17% from 10.5% previously. As o... [more]

Growth in US industrial output exceeded forecasts in November

Mon, 15 December 2014

US industrial production grew at a 1.3% month-on-month pace in November, led by a jump in output from the manufacturing and utilities sectors, according to the Federal Reserve. By major market groups,... [more]

Oil prices rise amid stifled Libyan export capacity

Mon, 15 December 2014

Oil prices made a modest come back on Monday as armed clashes in Libya during the weekend disrupted about half of the country's crude export capacity. Head of planning at Libya's state-run National Oi... [more]

FX round-up: Traders trim risk ahead of US FOMC meeting, Greek elections

Mon, 15 December 2014

Judging by the losses sustained by equity markets and a small slip lower in the Japanese currency, there was a hint of risk aversion in the air at the end of last week. Dollar/yen was thus off by 0.29... [more]

China PBOC economist says 2015 GDP growth will slow to 7.1%

Sun, 14 December 2014

China's economic expansion is expected decelerate to 7.1% in 2015, as a slowdown in real estate investment continues. However, Ma Jun, chief economist of the People's Bank of China's (PBoC) research c... [more]

OPEC chief says cartel has no target price for oil

Sun, 14 December 2014

The chief of the Organisation of the Petroleum Exporting Countries (OPEC) said the cartel had no target price for oil, and urged Gulf states to keep investing in exploration and production. Abdullah a... [more]

Oil price decline could force companies to abandon projects

Sun, 14 December 2014

Over 30 oil projects in the North Sea and Europe could be scrapped as investment companies struggle to deal with tumbling oil prices. According to global energy consultancy Wood Mackenzie, 32 potentia... [more]

IEA cuts global oil demand forecast for the fourth time in five months

Fri, 12 December 2014

The International Energy Agency (IEA) has cut global oil demand forecast for the fourth time in the last five months. IEA estimates that global oil demand will be weaker in 2015 than previously antici... [more]

China loosens monetary policy to boost flagging economy

Thu, 11 December 2014

China has reported intentions to pump £41bn into the nation's banking system, while allowing banks to lend an extra £1.03tn in the final weeks of 2014 to stimulate flagging economic growth. The People... [more]

German inflation eases in November as energy prices drop

Thu, 11 December 2014

The rate of price increases in Germany slowed in November as most of the main item categories saw lower prices and energy prices had the largest downward impact. The consumer price index (CPI) printed... [more]

US CPI will hit 0% in the middle of 2015, Barclays says

Wed, 10 December 2014

The sharp drop in oil prices will drag headline US consumer prices sharply lower over the coming year, but it will have a more muted impact on core inflation readings. Economists at Barclays Research ... [more]

Carney stresses the start date for rate hikes is not what matters

Wed, 10 December 2014

Interest rates are headed higher, but what matters is not the start date but rather the path they will follow, which is expected to be gradual, Bank of England Governor Mark Carney told the Birmingham... [more]

US budget deficit shrank by more than expected in November

Wed, 10 December 2014

The US federal government's budget deficit shrank in November by more than expected, as continued hiring buoyed tax receipts. Red ink at the US Treasury receded to $56.8bn last month from the $135.2bn... [more]

Why should I cut output? Saudi oil minister says

Wed, 10 December 2014

The international price of 'black gold' moved sharply lower again on Wednesday, after a report predicted lower demand for oil and higher supplies from outside the Organisation of Petroleum Exporting C... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Petrofac Ltd. 739.00 5.57 11:12
SABMiller 3,355.50 4.99 11:12
Randgold Resources Ltd. 4,304.00 4.54 11:12
Tullow Oil 411.70 4.20 11:12
ARM Holdings 966.00 3.87 11:12

FTSE 100 Top Fallers

Name Last Chg.% Time
Coca-Cola HBC AG (CDI) 1,200.00 -3.38 11:12
United Utilities Group 905.50 -1.36 11:11
Land Securities Group 1,129.00 -0.88 11:12
BT Group 398.50 -0.82 11:12
Intu Properties 324.90 -0.40 11:12