Mark Deans, Moneycorp
Daily brief: Moneycorp
Mark Deans, Dealing Manager at Moneycorp
19 June 2013
Six years after Northern Rock went down the pan, the Parliamentary Commission on Banking Standards has at last completed its study of failed banks and has made a series of recommendations to the chancellor.
18 June 2013
For some people,you can never be too safe. Several of them appear to have been at work calming the FX market yesterday, especially among the major currencies...
17 June 2013
For the last ten days sterling has been going nowhere fast, hovering mostly between €1.17 and €1.18. It was doing that again at the end of last week, allowing the pound to start this morning less than a dozen ticks adrift from Friday morning/s opening level.
14 June 2013
Investors had a bit of a rethink yesterday and decided that Wednesday's buying had been overdone. There was no solid evidence to provoke the change of mind; it was more a matter of the buyers running out of steam.
13 June 2013
Christoph Bartneck, a reader at the University of Canterbury in New Zealand, having nothing better to do, made a study of 3,655 Lego minifigures produced between 1975 and 2010.
12 June 2013
A German bank clerk intending to transfer €62.40 out of an account inadvertently transferred €222,222,222.22 instead. He got the sack.
11 June 2013
The Bank of Japan slightly surprised investors this morning when it omitted to do or say anything to calm the volatility that has been a recent feature of Tokyo bond and equity markets.
10 June 2013
After a 165k increase in April investors were expecting to see around 167k new jobs in May. What they got was a 175k increase and a -12k downward revision to the previous month's figure; a net increase of 163k.
7 June 2013
Japanese investors have not the vaguest idea what the government and the Bank of Japan have in mind for their currency...
6 June 2013
The annual Bilderberg meeting starts today in Watford. Attendance is by invitation only, with delegates drawn from the upper echelons of international politics, finance and commerce.
5 June 2013
The EC is keen to shift Euroland away from fossil fuels and into cheap renewable energy. But not too keen. And certainly not too cheap.
4 June 2013
All Euroland readings yesterday were below 50, thus indicative of falling activity, but all were also better on the month. Unfortunately, better was not good enough to match Britain's 51.3, let along Switzerland's 52.2.
3 June 2013
As always at the beginning of the month, PMIs are in the main attraction today...
30 May 2013
New UK planning legislation comes into force today. One of its aims is that, by loosening the regulations about change of use, it will reverse the "cycle of decline" that has brought growing numbers of boarded-up shop fronts to provincial high streets.
29 May 2013
Researchers have discovered that people who undergo surgery on a Friday are less likely to survive it than those who have their operations on other days of the week.