- Expert Views
Daily brief: Moneycorp
Posted on: 7 November 2014
Mario Draghi was at it again. Although he was careful not to use his best-known catchphrase he told investors the ECB would do whatever it takes to prevent "too prolonged a period of low inflation".
Posted on: 6 November 2014
Although the UK has enjoyed fantastic growth so far throughout 2014 when compared to other western nations, yesterday’s Purchasing Managers Index survey release covering the dominant Services Sector certainly spooked the markets, when it reported a drop in activity from September’s reading of 58.7 to 56.2.
Posted on: 5 November 2014
"Immigrant tax gain revealed" (today's Daily Mail). "Immigration cost £120bn" (today's Daily Telegraph). "A falling oil price doesn't matter to the Norwegian krone" (last Friday). "A falling oil price is really bad for the Norwegian krone" (yesterday).
Posted on: 4 November 2014
For a third consecutive day the Japanese yen was the weakest performer among the major currencies, falling to a six-year low against sterling and a seven-year low against the US dollar.
Posted on: 3 November 2014
The BoJ's increased quantitative easing stimulus was one reason the yen took a pasting. The other was a change to the asset allocation of Japan's government pension fund which will direct more money into foreign equities.
Posted on: 31 October 2014
There is a degree of concern that central banks which have operated programmes of quantitative easing in the past are more likely to implement new ones in the future.
Posted on: 30 October 2014
In the last six years the Federal Reserve has given away $4.5tr (that's £4.5bn for European readers). Yesterday the Fed brought an end to its quantitative easing programme, just as everyone expected it would.
Posted on: 29 October 2014
Durable goods orders were down by -1.3% on the month, having been forecast to increase by 0.6%.
Posted on: 28 October 2014
On Monday it was the Canadian dollar that everyone wanted. It strengthened by a third of a cent against sterling, making it the day's top performer.
Posted on: 24 October 2014
The -0.3% monthly fall in UK retail sales was unhelpful to the pound. That figure and the 2.7% annual increase both undershot analysts' consensus forecast.
Posted on: 23 October 2014
A chap has been jailed in Manchester for credit card fraud. He committed his crimes by persuading the victims that he was Gaël Kakuta, a Frenchman who lives in Spain.
Posted on: 22 October 2014
A new NHS remuneration system will reward doctors for diagnosing dementia. It will mean more cases of dementia but a lower incidence of other ailments.
Posted on: 21 October 2014
The FX market was reasonably sensible and orderly on Monday. There was no sign of the hysteria seen a week ago and the biggest moves of the day were of +/-0.5%.
Posted on: 20 October 2014
Yuko Obuchi has stepped down as Japan's trade and industry minister after accusations that she misused campaign donations.
Posted on: 16 October 2014
A couple of days ago Guy Debelle, the assistant governor of the Reserve Bank of Australia, gave a prescient speech about "Volatility and Market Pricing".