Posts Tagged ‘Wednesday’
Weekly Focus: Greece Blocks ECB Exit
Greece remained on the radar screen as massive private sector strikes on Wednesday and negative statements from rating agencies emphasised the uncertain outlook. Standard & Poor’s said late on Wednesday that it might cut Greece’s BBB+ rating by one or two notches within a month. This drove EUR/USD down further…
Governor King to Play Down Inflation Threat
Following on from a dovish Quarterly Inflation Report (QIR), attention in the UK will shift this week to the details of the February MPC minutes (Wednesday). Although the tone of the minutes are likely to echo key the messages emanating from the report – chiefly, that should the evolution of…
BoE MPC to Provide Further Detail Behind Decision to Halt QE
Following on from last week’s decision by the MPC to halt its programme of quantitative easing, attention will shift to the detail of its quarterly Inflation Report (published on Wednesday), which would have been a key input into the MPC’s deliberations. Key themes arising from the statement accompanying the policy…
Wednesday’s fatigue continues
THE tiredness exhibited by the local market on Wednesday proved to be a precursor of things to come as prices fell yesterday across-the-board. Weighed down by weakness in Hong Kong and by expectations of a soft Thursday for Wall Street, the Straits Times Index finished 17.24 points down at 2,913.25, with the broad market recording 256 falls versus 190 rises, excluding derivatives. In the previous … more
Stocks end back-and-forth day slightly up
Stocks ended marginally higher Wednesday as rising commodity prices offset losses that followed a disappointing report on housing.
Business – Investing – Dow Jones Industrial Average – Stocks and Bonds – Stock market
Consumer sentiment improves in December
Consumer sentiment improved in December from November on some income growth and less gloomy job conditions, a survey showed on Wednesday.
Consumer Confidence Index – Consumer Information – Home – Advocacy and Protection – United States
Fed to Reiterate Low Interest Rates Warranted for an ‘Extended Period’
The Federal Reserve’s open market committee (FOMC) is expected to follow the recent decisions by the ECB, BoJ and BoE and keep interest rates pegged at a record low of 0-0.25% on Wednesday. However, in the accompanying press statement, financial markets will also be looking for confirmation that the FOMC…
House OKs tax hike for investment managers
The House voted Wednesday to slap higher taxes on Wall Street investment managers to help pay to extend $31 billion in tax breaks for a wide range of Americans.
Wall Street – Business – Tax break – Investing – Financial Services




