23 August, 2015 by The TZ Newswire Staff Comments Off on CBI raises UK growth forecasts
CBI raises UK growth forecasts
Confederation of British Industry out overnight with their latest, improved, outlook
– 2015 +2.6% vs +2.4% prev
– 2016 +2.8% vs +2.5% prev
– lower inflation, rising wages and higher productivity all cited to boost consumer spending
Earlier on BBC radio CBI director-general John Cridland said interest rate hikes would have minimal impact on industry but recognized some shock to household budgets.
23 August, 2015 by The TZ Newswire Staff Comments Off on US crude falls below $40 to hit Feb 2009 low
US crude falls below $40 to hit Feb 2009 low
Oil futures hit fresh 6-1/2-year lows on Monday as investors fretted that a slowing Chinese economy will lead to weaker demand amid an oversupply.
23 August, 2015 by The TZ Newswire Staff Comments Off on Futures Movers: Oil tumbles to fresh lows on China market turmoil
Futures Movers: Oil tumbles to fresh lows on China market turmoil
Brent crude, the global oil price benchmark, dropped below the $45 a barrel mark for the first time since March 2009.
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23 August, 2015 by The TZ Newswire Staff Comments Off on Eurostoxx 50 futures down 3% in early European trading
Eurostoxx 50 futures down 3% in early European trading
Large drop after the Chinese fall-out with official markets opening in one hour
– DAX futures -3.3%
– CAC40 -2.5%
– FTSE -2.8%
Bund futures up 38 at 155.99
23 August, 2015 by The TZ Newswire Staff Comments Off on Nikkei 225 closes down -4.61% at 18,540.68
Nikkei 225 closes down -4.61% at 18,540.68
Another turbulent day led by large Chinese market falls
– -895.15
– open 19075.05
– high 19154.65
– low 18498.80
– USDJPY 121.12 after 120.73 lows
23 August, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: China plans to flood banking system with new liquidity
The Wall Street Journal: China plans to flood banking system with new liquidity
The expected move to free up more funds for lending—by reducing the deposits banks must hold in reserve—is directly aimed at countering the effects of a weaker currency, which could send more funds away from Beijing’s shores
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23 August, 2015 by The TZ Newswire Staff Comments Off on The Exquisite Market Setup, 23 Aug
The Exquisite Market Setup, 23 Aug
There is an exquisite setup building once again. Tight fundamentals in the gold market apply upwards pressure on the price. For quite a while, we have been saying gold’s fundamental price was around a hundred bucks above the market price. Well, the market price moved up $46 this week. What happened to the fundamental price? You’ll have to read on to see (no cheating and reading ahead!) but suffice to say it’s quite a bit higher than the market.