Fed could take the wheel from Trump and drive markets this week

The Federal Reserve could rival the White House as a source of volatility in the week ahead. Since he was elected, President Donald Trump has taken the driver’s seat for markets, pushing the obsessive focus on the Fed aside, with his promises of big pro-growth fiscal policies impacting market expectations. But the current back seat driver could More...

by subhadip | Published 3 months ago
By subhadip On Wednesday, January 18th, 2017
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UK consumers to be more cautious spenders, GDP growth to slow – Reuters poll

British consumers will be cautious about spending this year as inflation soars, but the country will avoid recession as the Bank of England is expected to maintain its ultra-easy policy stance, a Reuters poll found. Britons More...

By subhadip On Wednesday, January 18th, 2017
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Public finances ‘unsustainable’ says OBR

The chancellor is likely to find it impossible to balance the books in the years ahead without increasing taxes or cutting spending, the Office for Budget Responsibility (OBR) has warned. The OBR said the public More...

By subhadip On Wednesday, January 18th, 2017
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Rising inflation hurts outlook for UK households – survey

Rising inflation weighed on the financial outlook of British households in January, a survey showed on Wednesday, an early sign that price pressures caused by sterling’s fall after the Brexit vote may be More...

By subhadip On Tuesday, January 3rd, 2017
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Gunman in Istanbul nightclub attack may have trained in Syria

The gunman who killed 39 people in an Istanbul nightclub on New Year’s Day in an attack claimed by Islamic State appears to have been well versed in guerrilla warfare and may have trained in Syria, a newspaper More...

By subhadip On Tuesday, January 3rd, 2017
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UK manufacturing growth unexpectedly hits 2-1/2-year high – PMI

British manufacturing growth climbed to a two-and-a-half-year high last month, fuelled by new orders from both home and abroad and adding to signs the economy ended 2016 strongly, a survey showed on Tuesday. The More...

By subhadip On Tuesday, January 3rd, 2017
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Dollar, stocks up on upbeat data; oil falls

The U.S. dollar touched a 14-year high boosted by strong data, while upbeat figures out of China and Europe lifted debt yields and major stock markets got off to a higher start in the new year. Crude oil gave up More...

By subhadip On Tuesday, January 3rd, 2017
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Britain’s EU envoy abruptly resigns just months before formal Brexit talks

Britain’s ambassador to the European Union, who sometimes clashed with London over its approach to Europe, abruptly resigned less than three months before Prime Minister Theresa May is due to trigger formal More...

By subhadip On Monday, December 12th, 2016
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Lockheed Martin shares suffer after Trump F-35 tweet

Shares in Lockheed Martin have fallen after President-elect Donald Trump said he would cut the cost of its F-35 Joint Strike Fighter after taking office. He tweeted: “F-35 program and cost is out of control. More...

By subhadip On Thursday, December 8th, 2016
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Commerce secretary pick says Mexico has better trade deals than America

Wilbur Ross, President-elect Donald Trump’s choice for Commerce secretary, told CNBC on Wednesday he wants to overhaul “dumb trade” deals that the U.S. has with countries around the world. “Believe More...