World Stocks Largely Down To Round Off Week

Stock markets across Europe and the US have tonight closed down on the start of trade, after a day of fairly mixed economic news led to an overall gloomier picture of the world economy.
News of US consumers continuing to spend was a welcome relief from the woes of recent months, and a sign that the […]

Strauss-Kahn Formally Announced As New IMF Chief

The International Monetary Fund has today officially named its new head in line with widespread analysts expectations, continuing what Russia has described as the trend of a European heading the IMF in return for an American heading the WTO.
Former French finance minister Dominique Strauss-Kahn was unveiled today as the new leader of the International Monetary […]

Oil Prices Continue To Rise

Oil prices in Asian markets have closed at a new record high through trade today, as a result of the ongoing weakness of the dollar and the perpetual supply fears that have propped up prices for the best part of this year.
Through trading in Asia today the price of oil per barrel broke the landmark […]

US Home Woes Continue

The number of new homes selling in the US has fallen dramatically over the course of August fuelling fears that the problems of the sub-prime crisis have finally spread to the wider economy, according to official figures released today.
The figures had been anticipated to be disappointing, which had seen a sell off on the greenback […]

Global Stock Markets See Positive Morning Trade

World stock markets enjoyed a morning of widely positive trading, off the back of fresh hopes that the Federal Reserve would further cut interest rates at their next policy meeting to reflect poor results from within the US.
Upon release of figures suggesting that demand for US durable goods had fallen despite the sharp drop in […]

Dollar Trades Weaker Against Euro Again

The value of the euro has yet again traded strongly up on the dollar on international currency exchanges, as the greenback continues to weaken in the face of poor macroeconomic figures published today.
The euro has traded up against the dollar for several successive sessions as investors heavily sell the dollar for fear of further interest […]

UK Growth Up On Q2

The UK economy has grown at a faster rate than analysts had expected over the second quarter on an annual basis, according to official figures released today.
The figures released by the Office of National Statistics this morning reflected growth of 0.8% in the second quarter of 2007, taking the annual growth rate up to 3.1%, […]

Sarkozy Budget Unveiled

French President Nicolas Sarkozy has today unveiled his first national budget, with an emphasis on economic growth and increasing tax revenue to fund commercially considered policy.
The budget opened a chain of new measures designed to promote and nurture business and economic growth within France as part of Sarkozy’s wider agenda for economic reform, which has […]

Japan Surplus Grows Through August

The Japanese trade surplus has shown growth to its widest level in almost 25 years in August, as a result of strong continuing trade with neighbouring Asian nations and Europe, according to official figures released today.
The monthly trade surplus reflects the difference between exports and imports within the economy, and is taken as a symbol […]

US House Prices Fall

The price of homes in the US’s top ten largest cities has fallen over the course of July by the steepest margin in nearly two decades, according to a survey published today, reflecting the growing depression in the US housing sector that has so badly plagued its economy in recent years.
The figures, derived from the […]

UK Sub-prime Malpractice Uncovered

A report by the BBC has uncovered widespread mal-practice in UK sub-prime mortgage lending, which it is predicted could lead to a mirror image problem of the US sub-prime lending crisis according to industry insiders and expert mortgage analysts.
The study into lending habits conducted through candid interviews with industry experts highlighted a popular trend towards […]

Global Stocks Largely Down, US Recovers

World stock markets faced a day of largely downward trading, after negative signals from within the US economy prompted analysts to sell off in European markets.
The news of a fall in US investor confidence was sufficient to revive some of the market jitters of European markets over the last few weeks, for fear that the […]

UK Public Finances Decline

The UK’s public finances have been shown to be further into deficit over the month of August, beyond analysts’ previous expectations, according to official figures released today.
Both of the government’s key indicators of the health of UK public finance reflected a downturn on previous months sending the national coffers further into the red, despite analysts […]

World Stock Markets Slightly Down

Global stock markets have enjoyed a mixed day of trading today with some remnants of last week’s interest rate cuts keeping values close to scratch on a day in which the International Monetary Fund predicted a worldwide economic slowdown.
The news from the International Monetary fund hit markets across the world, with European markets literally saved […]

IMF Suggests Global Slowdown Is On The Horizon

A global economic slowdown over the near future is very likely, as a by-product of the current credit crunch environment, according to an announcement made today by the International Monetary Fund.
Speaking today on the impact of the US sub-prime situation in its global stability report, the International Monetary Fund suggested that the outcome of the […]

UK Factors Orders Remain Healthy For August

The number of UK factory order has remained at a ‘healthy level’ for the month of August despite losing some value on the decade-highs witnessed through last month, according to a survey published today.
In a survey released today by the CBI, its monthly order index was up to the figure of +6 which remains at […]

Oil Prices Remain High

Oil prices on global commodity markets have remained high today off the back of ongoing fears of severe weather patterns in the Gulf of Mexico, which many are expecting to have an adverse impact on output.
Brent Crude trade in London hit a new high of $79.35 a barrel. whilst US light crude was down slightly […]

Global Markets Gain On Yesterday

World stock markets have enjoyed a day of recovery in trade, carrying on where they left off earlier in the week with momentum from the Federal Reserve’s interest rate cuts, designed to stabilise the rocky sub-prime sector.
The US sub-prime lending sector crisis had been responsible for a significant upset in world markets over the last […]

UK Retail Sales Up

UK retail sales have enjoyed growth over the course of August beyond analyst expectations as a result of widespread sales on the high street which has led to significantly decreased prices.
The sales figures released today by the Office for National Statistics show an increase in retail sales beyond the initial projections for the period, reflective […]

World Markets Trade Down For First Time Since Fed Cuts

World stock markets have seen their first day of all round negative trading after the Federal Reserve cut US interest rates to 4.75% earlier in the week, reflecting that the world economy may not yet be in to the clear.
The negative trading comes largely as a result of word from the Federal Reserve that the […]

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