As a result of global central bank policy, the rich got richer, and the poor kept on getting poorer, even though as we predicted the global political powers would, at least superficially, seek to enforce policies that aimed to reverse this wealth redistribution from the poor to the rich (a doomed policy as the world’s…
By Ben Turney We’ve just heard that US GDP in the last quarter grew by 1.7% against a projected figure of 1.1%. Even though the unexpected gain was negated by Q1’s downward revision of 0.7% to 1.1%, this number is still fairly decent. Of course when I say “decent” I don’t mean by historical standards,…
Global markets continued to push forward today, but marginally, as key resistance levels impacted any substantial gains. Updates from Diageo and Tullow captivated investors’ confidence in the equity markets and research notes which showed that UK-listed companies’ earnings seem to be beating European companies’ earnings for this quarter also provide bulls with further ammunition. The…
Yesterday’s news of a £5.8 billion pound rights issue from Barclays, which it announced alongside its interim results, reminded UK investors that we are far from out of the woods where this crucial sector of the UK economy is concerned. Barclays has decided to raise capital through a heavily discounted issue of new shares and…
The Chinese experiment is over—at least that’s what some in the financial media are saying. Well, guess what? It’s not over, but there will be hurdles along the road for China, as the country struggles to drive its domestic consumption and make sure the economy doesn’t tank. The reality is that what happens in China…
Chinese stocks extended monthly gains during the Asian session overnight helped by property shares which rallied on speculation the government may loosen property curbs. However, the majority of other Asian markets declined ahead of the US economic growth data and the conclusion of a Federal Reserve policy meeting later today. Early figures this morning showed…
The Federal Open Markets Committee (FOMC) is widely expected to keep monetary policy on hold at its July meeting. Nevertheless, the meeting is unlikely to be a non-event. The Committee will have seen US GDP data for the second quarter before the conclusion of the policy meeting on Wednesday; therefore, any policy decision – or…
I suppose the reason that it is becoming ever easier to be bearish on stocks in general, and those in the U.S. in particular, is the box that the Federal Reserve has placed itself in over QE. Indeed, to my mind the die of doom was cast last September as the central bank sought to…
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