Ben Bernanke heading for Fed exit
President Obama has all but confirmed that the Federal Reserve chairman, Ben Bernanke will step down at the end of his current term. The Fed’s chief policymaker is now expected to step down at the end of January 2014, eight years after he assumed office under the then President George W Bush. During a routine interview President Obama told a journalist More...
US stocks advance as investors await Fed’s comments
The S&P 500 advanced by 0.8% today as investors continued to trade with the Federal Reserve at the forefront of their every move. With the Fed’s board meeting tomorrow to discuss the continuation, or scaling More...
G8 concludes that the world economy has weathered the storm
One of David Cameron’s aides has confirmed that the Group of Eight has concluded that the worst of the world’s economic troubles have now passed, raising optimism for growth and improved employment. The More...
FTSE advances for third consecutive day
The FTSE 100 advanced today, completing a hat trick of successive daily gains as investors across the globe prepare themselves for the upcoming board meeting from the Federal Reserve and the announcement from Ben More...
The Advance: 17th – 21st June 2013
The upcoming week of trading is likely to revolve around the outcome of the Federal Reserve’s meeting which is scheduled to run from Tuesday through Wednesday, with an announcement from Ben Bernanke once the discussions More...
Week in Review: 10th – 14th June
US stocks declined across the week as investor unrest continued with no genuine signal of reassurance coming from the Federal Reserve regarding any possible tightning of monetary policy. Since May 22nd investors More...
US stocks decline, finishing the week in the red
US stocks declined today following a downgrade from the IMF regarding the US and its economic stability for next year. The downgrade came as a bitter blow and all but wiped out the gains made on the back of Standard More...
Nikkei advances on positive data, Yen rises
The Nikkei 255, Japan’s premier benchmark, closed on Friday with an advance of 1.9 percent, bouncing back from Thursdays declines and reiterating the willingness of bulls in Japan to get off the sidelines. Thursday More...
FTSE advances, led by real estate as house prices rise
The FTSE advanced for a second successive day today as it was announced that house prices in the UK had a record breaking month in May, rising by an average of 0.4 percent from April to May. As expected, real estates More...
S&P 500 rallies on retail data and Belo Corp buyout
The S&P 500 rallied today on the back of better than expected US retail sales data and the news that Gannett Co. had come to an agreement to purchase Belo Corp for a figure believed to be in the region of $1.5bn. The More...