Ireland Faces Severe Austerity - November 24, 2010 18:23

Ireland’s government has said today that spending will be cut by 20% and taxes will rise over the next 4 years as the ongoing bailout talks approach a conclusion. Welfare will be cut by €2.8 bn and income tax will rise to €1.9 billion. The plan is to rapidly narrow the budget deficit reigning in […]

Stock Declines on Fears of War - November 23, 2010 19:42

The Dow is down 1.2% and the FTSE is down 1.75% in trade today. The markets continue to decline due to nervousness in the markets caused by the clash between North and South Korea earlier today and the continued fear of the debt drisis spreading throughout Europe.

Euro dips on concern that economic problems will spread - November 22, 2010 18:13

The Euro has started to lose ground against the USD and the GBP amidst concerns that Ireland’s financial bailout has not assured markets that this crisis will not spread. First it was Greece at €110 billion, now Ireland at €90 billion. These are vast sums of money and are being banded around in the press […]

Irish Bailout Speculation Drives Markets - November 18, 2010 18:24

Ireland has finally admitted today that it may ask for a bailout as ECB President Jean-Claude Trichet signaled debt ridden nations can’t rely on him to keep their financial systems afloat forever. Lehinan has said that he would welcome contingency capital from the EU’s rescue fund. There is however now a growing concern that banks […]

US Stocks Climb on CPI figures - November 17, 2010 18:35

The S&P has rebounded from its largest drop since August as slower than expected inflation has helped to quash critics arguments against the Fed’s recent stimulus. This is a form of a relief bounce that has been caused by the lack of news and data coming from Europe and China and the slower than expected […]

UK Exposed to Irish Bailout? - November 16, 2010 19:07

This afternoon we have heard that the UK has a 13% exposure to the Irish debt situation and has therefore been called upon to help in a bailout package that could total upto €100 billion Euro’s. Mervyn King has stated that the UK’s exposure is by no means trivial which is in most traders eyes […]

US Retail Sales Climbs 1.2% and ECB sees Aid Necessary for Irish Banks - November 15, 2010 18:10

Retail sales figures in the worlds largest economy rose 1.2% today after climbing 0.7% last month. Stock markets have surged on this good news up 0.45% on the close as investors gain confidence in the US markets. The rise in retail sales was led by car sales and non-store retailers, both indicate that consumer demand […]

US Consumer Sentiment climbs to a five month high - November 12, 2010 18:32

US Consumer confidence has climbed to a five month high as improved labour market conditions, increasing wages and rising stock prices lift spending in the US.

Sterling make gains against the majors accross the Board - November 11, 2010 18:52

Today has seen another day off agressive purchasing of the British Pound on the renewed outlook for improved and sustained growth prospects moving into 2011. Speculators are scaling back expectations of QE in Q1 next year and with the BoE now adopting a wait and see aproach we will most probably see avoidance of more […]