Dollar Further Down To Record Lows

The value of the dollar has fallen to a new record low against the euro off the back of Federal Reserve interest rate cuts earlier in the week, which has seen many currency investors turn away from the dollar in favour of more beneficial currency investment.
The dollar fell below the benchmark $1.40 to the euro […]

Stock Markets Continue Improved Trading

Markets across the world have again enjoyed a day of positive trading, after yesterday’s much anticipated interest rate cut at the Federal Reserve brought some much needed stability back to world markets.
The move comes amidst fears of the extent of the sub-prime situation, and the wider economic effects of tightening liquidity conditions on economies across […]

UK MPC Hold Rates At 9-0

The Bank of England voted unanimously to hold rates at 5.75% in September, according to the minutes of the meeting of Monetary Policy Committee which were released today.
The minutes of the meeting showed that members were in no doubt as to the immediate future of interest rates in light of recent external disruption from the […]

Oil Prices Soar To New Record Highs

Oil prices have soared to new highs off the back of the US interest rate cuts, after market trading significantly improved as a result of the increasing stability afforded by the cheaper cost of borrowing.
The price of crude oil rose to $82 a barrel, a new record high as markets saw the impact of significantly […]

Worldwide Stock Markets Trade Heavily Up

The world stock markets have enjoyed a comprehensive day of positive trading, mainly as a result of the dramatic interest rate cut announced by the Federal Reserve, and the anticipation of the same earlier in the day.
The Federal Reserve today announced that the US interest rates were to be cut by a significant two increments, […]

Zimbabwe Inflation Down

Zimbabwe’s official rate of inflation appears to have slowed over the course of the last month according to government figures released today.
In figures released by the Central Statistical Office, the prime rate of inflation on an annual basis had fallen over the course of August to 6,592.8%, from last month’s official 7,634.8%.
Whilst the official figures […]

UK Rate of Inflation Down

The UK rate of inflation has recorded a further fall over the course of August, down to just 1.8% as an indicator that increased interest rates have finally had an impact on dampening inflation.
In official figures released today the UK rate of inflation was shown to have fallen further within the government’s safety zone of […]

Crude Oil Breaks $81/barrel

The price of crude oil has today reached a new high point, breaking the landmark $81 mark for the first time in history to reflect ongoing supply shortages in the wake of increasing demand from the global economy.
The news comes on the announcement that US crude stock piles are running fatally low, at their weakest […]

Feds Poised To Cut Interest Rates

The Federal Reserve is today poised to slash interest rates, with many analysts predicting they could slash the prime rate of lending by up to two incremental steps in order to bring some stability to financial markets.
The Federal Reserve will begin its talks tomorrow, which are scheduled to last for a day, with the result […]

UK To Suffer In Coming Years Says Greenspan

Alan Greenspan, former Chairman of the Federal Reserve, has today spoken out against the UK housing boom, predicting significant unrest over the coming years as a result of the US sub-prime sector.
In a statement made today, Greenspan said that UK inflation would more regularly break the 3% mark resulting in a need for higher interest […]

Northern Rock Latest Sub-Prime Victim

Mortgage lender Northern Rock has today hit rock bottom as a result of over exposure to the sub-prime sector, which saw it pleading with central banks for emergency funding.
The UK based lender, one of the country’s biggest with a market share of almost 19%, was today involved in an emergency liquidity situation as a result […]

Economic Growth Could Be Hit According To Ernst & Young

The rate of growth in the UK economy could be down by as much as 1% over the next two years, as the credit crunch begins to take hold of the economy according to a report by Ernst & Young.
The report forecast that the impact of a credit crunch on the UK economy may be […]

UK Housing Market Continues To Slow

The housing market in the UK is continuing its slow down as a direct consequence of higher interest rates, according to figures released by the Royal Institution of Chartered Surveyors.
The figures suggest that more regional surveyors have experienced a decrease in prices than those that have reported an increase, suggesting that the momentum the housing […]

World Stock Markets Strong On Day’s Trade

Stock markets across the world have closed strongly up on the day, after a positive day of strong trading worldwide off the back of reassuraning measures from within the US and further afield.
With the Federal Reserve poised to cut interest rates, oil supply guaranteed to increase in November, and the Bank of England having injected […]

Oil Down Just Short Of Record Prices

The cost of crude oil on open commodity markets has fallen slightly from the record highs recently experienced, despite the fact that it remains fairly high by comparison to desirable market standards.
The news comes in the wake of OPEC’s surprise decision to step up output of crude oil by as much as half a million […]

Bank of England Pledge More Cash To Help Banks

The Bank of England has announced a further cash injection to the value of £4.4 billion, roughly $9 billion, to relieve liquidity pressures in the banking sector amidst the ongoing tight credit environment.
The central bank has increased the total available fund from which banks can borrow to £23.1 billion in a bid to remove much […]

UK Wages Up, Unemployment Down

The average wage in the UK has experienced strong growth over the last three months to July, beyond analysts previous predictions, whilst unemployment figures have continued to fall according to official figures released today.
The figures released today by the Office for National Statistics reflectd a 3.5% increase in the average wage on the year, despite […]

Wheat Prices Up Beyond $9 On Commodity Markets

Wheat prices have again closed at a record high over $9 a bushel, prompting global fears that the price of bread and other wheat based products could rise.
The price of wheat touched the heights of $9.113 in the US on open commodity markets, as a result of supply shortages caused by bad weather across the […]

World Bank Project Increase In Chinese Growth

The World Bank has announced today that it is increasing its projection of China’s economic growth over the year by 1%, as a result of growing consumer spending within the economy.
The announcement takes the prediction of growth in China for the year to 11.3%, revised upwards from a previous forecast of growth at around 10.4% […]

Markets Enjoy Heavy Trading Gains

Worldwide stock markets have enjoyed heavy gains on the day’s trade, seeing significant growth off the back of OPEC’s surprise increase in oil output and news of a reduction in the US trade deficit.
The Dow Jones led the way with enormous successes in response to positive news about both the US economy, and indeed world […]

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