"In three of the past four years the S&P 500 raced higher in March only to reverse all of those gains in a pullback of about 10% that began in late March or April," writes Jeff Kleintop at LPL Financial. With that in mind he points out the sixteen factors that could move markets in coming months. Each of these sixteen factors fall into one of four factors, economy, policy, fundamentals and sentiment.
In: Finance23 Apr 2014
Standard Chartered analysts said that last year, less than 50 ships moved through the North Sea Route, compared to more than 18,000 ships travelling through the Suez Canal.
Publication of minutes detailing conversations between Bank staff and foreign exchange dealers have placed the spotlight on Martin Mallett, its chief dealer, who chaired the group. For its first few years, meetings were held not in conference rooms but at the tables of top City restaurants including The Don and Smiths of Smithfield. The issue of fixing was first raised at a meeting in July 2006, when attempts to move the market around the time of daily benchmark fixings were flagged.
In: Finance22 Apr 2014
If they were all under five we'd take the lock off the door, but try telling your pre-teen daughter that you are removing the bathroom lock and see what happens. The force of her indignation can be felt several universes away.
Sutherland has been less than a year at the helm, but he has obviously been frustrated by the group’s failure to fundamentally reform the fuzzy corporate governance that got it into trouble with its acquisition of the Britannia building society and failed attempt to buy some 600 bank branches from Lloyds.