As builders take on new work, a shortage of skilled tradespeople has allowed subcontractors to ramp up their hourly rates. At the end of year assembly, Ashley Terron’s teacher pulled him to one side in a last-ditch attempt to persuade him to stay on to do A-levels. Terron was a good pupil and…
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Bricklayers’ boom highlights ‘skills timebomb’ in UK construction industry
“If you cannot make money out of the leading active issues, you are not going to make money out of the market as a whole.” “The leaders of today may not be the leaders of tomorrow.” Jesse Livermore Trading is simple but it isn’t easy. The simplicity is that trading often involves finding a strong…
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Finding & Trading the Next Big Mover in Forex
Tuesday’s a busy day of macro updates, including a string of preliminary estimates of economic activity for Europe and the US through flash data on purchasing managers indexes for September. This trio of releases begins with new figures on Germany’s manufacturing and services sectors, followed soon…
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3 Numbers: PMIs show German slowdown, Eurozone PMIs, US manufacturing
China’s economy remained stuck in “low gear” this quarter, with struggling retail and residential real-estate industries countering improvements in manufacturing and transportation, a private survey showed. Growth in investment slowed further, borrowing costs rose and the share of firms applying …
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China Beige Book Shows Economy Stuck in Low Gear
Goldman Sachs has an office in Moscow. So do Citigroup and Morgan Stanley. JPMorgan Chase and Bank of America Merrill Lynch, too. Russia was supposed to be a growth market for Wall Street. It is quickly turning out to be a potential financial nightmare and a political hot potato. With the deteri…
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High Hopes for Russia Are Fading on Wall St.
The assets most likely to benefit from the U.S. dollar’s march higher may not be stateside, with analysts looking to Europe and other regions. …
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How to play a stronger dollar
Investment bankers might actually be worth their astronomical pay. That’s one of the findings of new research out of Harvard Business School and the University of Zurich. “What we observed in the finance industry is that if you are the most talented, you are the most well compensated,” said st…
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Why Bankers Make So Much Money
A Chinese manufacturing gauge topped estimates this month, suggesting targeted stimulus is helping the economy withstand a property slump. The preliminary Purchasing Managers’ Index from HSBC Holdings Plc and Markit Economics was at 50.5, compared with the median estimate of 50 in a Bloomberg New…
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China Manufacturing Gauge Tops Estimates in Support for Growth
Moderate pace of output growth sustained in September Key points Flash China Manufacturing PMI™ at 50.5 in September (50.2 in August). Two-month high. Flash China Manufacturing Output Index at 51.8 in September (51.8 in August). Unchanged from August’s two-month low. “Th…
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Moderate pace of China manufacturing output growth sustained in September
When the value of the US dollar rises, US goods become more expensive in overseas markets. General, a weaker local currency is good for economies that are driven by exports and maintain big trade surpluses. The US dollar has been showing strength in recent weeks. And considering the significant f…
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The Myth Of What A Stronger Dollar Means For Stocks
Currencies of commodity-exporting nations including Australia fell as a gauge of raw materials slid to a five-year low on speculation demand will drop after China signaled slower economic growth. The Australian dollar sank to a seven-month low against its U.S. counterpart, dropping against most o…
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Currencies of Commodity Exporters Drop on China Outlook
The team of analysts who has been responsible for the content side of ForexLive has announced that effective immediately the team of content contributors to ForexLive has taken over management of the website from Currency Mountain Holdings. One of the first moves made by the new management team w…
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Analysts Operating ForexLive Acquire the Company from Currency Mountain Holdings
Stocks were generally higher last week, with the Dow Jones Industrial Average rising 1.72% to close the week at 17,279, the S&P 500 Index climbing 1.26% to 2,010 and the Nasdaq Composite Index inching up 0.26% to 4,579. However, the Russell 2000 Index, which tracks small-cap U.S. stocks, fell 2.17%….
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Worlds Apart? Investing in an Era of Divergence
Thank you for that generous introduction, and thank you for the invitation to join you here today. This is my second trip to Marquette since becoming president of the Federal Reserve Bank of Minneapolis five years ago, and I’m glad to be back. I’m planning to spend most of my time today talking a…
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Fed Kocherlakota: On the Objectives of Monetary Policy
I bemoaned the market a couple or a few months back as lacking volatility which to me was a sign that something was up. Of course it was the northern hemisphere summer but complacency was everywhere and strong. So the moves that we are seeing now are entirely in keeping with my hypothesis at the …
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Aussie on its way to the target zone, USDJPY top in?
The Securities and Exchange Commission today announced an expected award of more than $30 million to a whistleblower who provided key original information that led to a successful SEC enforcement action. The award will be the largest made by the SEC’s whistleblower program to date and the fourth…
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SEC Announces Largest-Ever Whistleblower Award
The evidence is weighing against risk assets this week, says Bank of America Merrill Lynch. “Specifically, the week after September Triple Witching (which occurred Friday and is the term used to describe the quarterly expiry of US equity index futures, options on equity index futures and equity…
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S&P500, USD/JPY, EUR/USD: Triple Witching Hangover – BofA Merrill
Concern about a potential economic slowdown in China pressured world stock indexes on Monday and helped pushed Brent crude oil below $97 a barrel. Emerging markets sank, with the MSCI Emerging Market index falling 1.3 percent, its biggest daily percentage drop since March. The dollar rose against…
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Stocks fall on China slowdown concern; Brent ends below $97/bbl
Billionaires are holding mountains of cash, offering the latest sign that the ultra-wealthy are nervous about putting more money into today’s markets. According to the new Billionaire Census from Wealth-X and UBS, the world’s billionaires are holding an average of $600 million in cash each—greate…
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Billionaires are hoarding piles of cash
Stocks and bonds are telling different stories about the future of the U.S. economy — a contrast that is becoming harder to reconcile as the Federal Reserve gradually removes its support for the recovery. Last week, the Dow Jones Industrial Average registered five straight days of gains to reach…
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The Stock Market Has Fewer Reasons to Rise
