Finance

Greece’s outlook improves

It doesn’t seem that long ago GREXIT was on the agenda and that the EU was going to collapse as we know it! Now Greece is on the mend. Today I notice that the outlook for Greece has been revised to positive from stable by Standard & Poor citing improving …

Finance

Bank of Japan

The 2% inflation target is eluding the Bank of Japan (BOJ). It still appears to be some way-away before this target is reached – and maybe not until 2020? Loose monetary policy is to be maintained at a time when other central banks appear ready to slowly tighten theirs.

Finance

FOMC Two-day meeting starts on 25th July

Heads up! The Federal Open Market Committee (FOMC) starts a two day meeting on Tuesday 25th July to decide its policy on interest rates.

Finance

Are US shares world’s most expensive?

US indices have been trading this week at record levels. Based on price to earning ratios the US sits at around 30 times and that’s high. But is it the highest it has ever been and can it go higher still?

Finance

Hyperloop News

Just seen this update tweeted by Elon Musk about him receiving ‘verbal’ government approval to build hyperloop on America’s East Coast. Science Fiction becoming science fact. Shouldn’t the UK government look at this idea for the HS2?

Finance

ECB Monetary Policy Meeting

No change! EU interest rates remain unchanged at 0% – next ECB monetary policy decision on: 7th September 2017 No changes to stimulus programme. Euro rallied on this news. ECB monetary policy statement

Finance

Sunshine for UK retail sales

Latest retail sales statistics from the Office for National Statistics (ONS) were better than expected for June, thanks to the hot weather. Sales volumes were up, lifted by clothing sales and fans no doubt. Good results for the retail industry in general.

Finance

More highs for US Indices

The S&P 500 and the NASDAQ reached record highs yesterday (19/07/17). S&P500 at 2473 & the NASDAQ at 6385 The DOW 30, S&P500 and the NASDAQ Composite are all holding at record high levels. I know we are in the middle of US reporting season and we have seen some …

Finance

Oil up!

Oil prices are up today. Brent crude is close to $49.04 a barrel and US oil price is at $46.70 (West Texas Intermediate). US oil inventory is due for release on Wednesday (19/07/17).

Finance

To bank or not to bank holiday

If this is correct – I should be annoyed really… but it just doesn’t surprise me at all! Apparently, it has been reported (allegedly) that the UK’s BREXIT secretary (create your own job if there isn’t one for you, Mr David Davis) doesn’t want to work on August bank holiday …