Dollar expected to strengthen further on the Federal Reserve policy
The rest is expected to finish the week with gains against all major peers on the back of the Federal Reserve’s announcement it will withdraw its monetary stimulus program by the middle of 2014. The Federal More...
China secure $60 billion contract for Russian oil
Highlights: China seals $60bn deal for oil from Rosneft Commodities & Energy fall across the board Precious metals at their lowest in for more than 2 years Russian Pres. Vladimir Putin has announced More...
S&P 500 retreats on Federal Reserve tapering
Hightlights: DJIA and S&P 500 declined by 2.3% and 2.5% All sectors register declines DJIA failed to find a single constituent with gains at the close of play US stocks joined equities from across the More...
News from the US and China gets the better of the FTSE 100
Highlights: FTSE 100 slides by almost 3% Miners plummet on concerns of Chinese demand Decline is biggest single day drop in almost 2 years Fresh news from the world’s two largest economies drove the FTSE More...
Federal Reserve to begin winding down bond purchasing program
The Federal Reserve and its chairman, Ben Bernanke, today announced the results of its June meeting. While there were many items on the agenda, one stood head and shoulders above the rest – the continuation and More...
US stocks hit by Ben Bernanke’s announcement
US stocks declined by 1 percent on the back of Ben Bernanke’s confirmation that the central bank for the world’s largest economy could begin to taper their quantitative easing within the next six months More...
FTSE 100 snaps four-day rally on US concerns
The FTSE 100 ended down today, registering a loss of 25.39 points, or 0.4 percent, closing at 6348.82. There was an air of uncertainty on the London Stock Exchange as investors awaited the results of the Federal More...
US benchmarks advance by almost 1%
As the Federal Reserve began its two-day meeting, of which the highlight will undoubtedly be the continuation of the central bank’s $85 billion a month monetary stimulus package, US stocks climbed higher, More...
Ben Bernanke heading for Fed exit
President Obama has all but confirmed that the Federal Reserve chairman, Ben Bernanke will step down at the end of his current term. The Fed’s chief policymaker is now expected to step down at the end of January More...
US stocks advance as investors await Fed’s comments
The S&P 500 advanced by 0.8% today as investors continued to trade with the Federal Reserve at the forefront of their every move. With the Fed’s board meeting tomorrow to discuss the continuation, or scaling More...