Carney’s Brexit Worries Mean BOE Chief in No Rush to Tighten

Mark Carney is still worried about the impact of Brexit on the economy and signaled he won’t be rushing to raise interest rates anytime soon. In his first major comments in six weeks, the Bank of England governor addressed weaknesses in the economy, saying that domestic inflation pressures remain subdued and wage growth is anemic. He also highlighted the […]

Europe to open higher: Fed in focus

European stocks are expected to open higher on Wednesday as global markets await the outcomes of monetary policy meetings held by the U.S. Federal Reserve and Bank of Japan. The London FTSE index is expected to open 8 points higher at 6,838, the German DAX up 23 points at 10,417 and the French CAC up […]

European markets seen to open lower

European stocks are expected to open lower on Wednesday. The FTSE is set to open 24 points lower at 6260 The CAC is poised to open 17 points lower at 4459 The DAX is set to open 47 points lower at 10241 Today at 11:30 we expect data from the UK, worse than expected data […]

Economic calendar 21.03.2016

09:45  USA  –  FED for Richmond – Lacker speaks 11:00   EU –  Current account 13:00   UK   –  CBI Industrial Order Expectations 14:30   USA  –  FED Chicago Index 16:00   USA   – Existing Home Sales 16:00   USA   –  Existing Home Sales m/m 16:30 Australia – CB Leading Index m/m 17:00   EU   –  Consumer confidance […]

Wells Fargo’s Souring Energy Loans Jump 49% as Oil Prices Drop

Wells Fargo & Co. said soured energy loans soared 49 percent in the last three months of 2015, fueled in part by tumbling oil prices. Oil-and-gas nonaccrual loans, which includes those that are delinquent or have been written off, totaled $844 million as of Dec. 31, compared with $566 million at the end of the […]