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Economic update

Who wants what from the summit?

13 December, 2011
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In this week’s bulletin: Despite a volatile week, stocks closed the week on a positive note amid hope that Europe’s efforts would work. Attention continues to be on the eurozone summit in Brussels, intended to provide a solution to the crisis in bank funding. Who wants what from the summit though? Many major nations...

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China reduces level of bank reserves

6 December, 2011
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China reduces level of bank reserves

In this week’s bulletin: Global equity markets enjoyed one of their best weekly rallies in over two years last week with most major indices up around 7%. The gains followed two weeks of losses and came after a group of the world’s Central Banks announced a concerted package of help to increase liquidity for...

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2011 Autumn Statement delivered

29 November, 2011
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In my bulletin this morning I we promised a followup on the Chancellor’s statement, it’s implications for the UK economy and any practical steps investors should take. The Chancellor of the Exchequer delivered his 2011 Autumn Statement to Parliament today. Responding to the Office of Budget Responsibility’s update on the economic outlook, the Chancellor...

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The eurozone and UK economies slowing markedly

29 November, 2011
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In this week’s bulletin: Ahead of the Chancellor’s Autumn Statement tomorrow, we have included the first in a series of articles written for us by Dr Andrew Sentance, Senior Economic Adviser at PricewaterhouseCoopers and former member of the Bank of England Monetary Policy Committee. Dr Sentence discusses some of the possible steps policymakers might...

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A small fall in the UK CPI figure was heralded by many …

22 November, 2011
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A small fall in the UK CPI figure was heralded by many …

In this week’s bulletin: The eurozone bond market was once again ravaged by investors last week who turned their attention to Spain and France. Yields on Spanish bonds came perilously close to the 7% ‘danger’ level at which economists believe it would be impossible to financially sustain. With all eyes focused on Spain and...

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EU leaders have many routes to take …

15 November, 2011
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EU leaders have many routes to take …

In this week’s bulletin: Italy took centre stage in the markets as the issue of their rising sovereign debt yields came to the fore. French bond yields also came under fire following a mistaken downgrade by Standard & Poor’s rating agency. However, a new government for both Greece and Italy and ECB intervention in...

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G20 summit in Cannes proved a damp squib

8 November, 2011
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In this week’s bulletin: Better than expected economic data from the US and UK was, once more, overshadowed by the ongoing Eurozone sovereign debt crisis causing equity markets to give ground and end the week mostly lower. Greece’s announcement of a referendum on the latest bail-out package was unexpected and sent stock markets into...

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The big question is where the extra money for the EFSF will come from

1 November, 2011
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In this week’s bulletin: Stock markets globally enjoyed a strong rally last week on the back of the eurozone ‘grand plan’ announced by its leaders. Sentiment was also buoyed by better than expected economic news from China and the US. The latest bail-out measures, whilst light on detail, were sufficient to convince investors that...

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likely loss of up to 50% on the Greek sovereign bonds

25 October, 2011
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likely loss of up to 50% on the Greek sovereign bonds

In this week’s bulletin: As the eurozone sovereign debt crisis rumbled on last week investors suffered bouts of uncertainty mixed with optimism, creating continued volatility in global markets. Notwithstanding, developed economy equity markets posted some small gains unlike in the Far East where China’s latest GDP data disappointed. Having originally committed themselves to a...

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Better US economic data showed improving consumer spending patterns

18 October, 2011
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Better US economic data showed improving consumer spending patterns

In this week’s bulletin: Global equity markets enjoyed strong gains on the back of much improved investor confidence, buoyed by hopes that eurozone leaders will deliver a workable solution to the debt crisis over the next two weeks. Better US economic data showed improving consumer spending patterns – crucial to any recovery because consumers...

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