View more on these topics

US interest rates cut by 0.5 per cent

The US Federal Reserve has made a 0.5 per cent cut in interest rates to 3 per cent minutes before the opening of the New York Stock Exchange.

The cut, the Fed&#39s eighth this year, had been anticipated by some analysts, and is aimed at securing investor confidence to avoid panic selling.

The Bank of England Monetary Policy Committee next meets on October 3, when a UK cut will be considered.

Recommended

Sandler only needs to read the news

If Ron Sandler needs any proof that recommendations of advisers may be influenced by commission he only needs to read your pages. The coverage of Scottish Amicable&#39s decision to halt initial commission included the assertion that they had been “aggressively chasing market share by paying among the highest rates of commission”. Andrew Bedford of Misys […]

Product Matters

If you were to take your average with-profits bond and throw away the bad bits, you would probably end up with something that looked like the new F&C With Prospects fund. Unfortunately this is not entirely a good thing.If the name was not a giveaway, the fund is pitched at the same market as with-profits […]

Friends Provident – Investment Portfolio Bond

Monday, 17 September 2001.Type: Unit linked bond.Aim: Growth or income by investing in a choice of four portfolio&#39s,cautious, balanced, managed, ethical or a choice of 10 out of 16 unitlinked funds.Minimum investment: £5,000.Fund links: Managed, property, investment trust portfolio, UK indextracking, Index linked, Pacific basin, stewardship managed, fund offunds, overseas equity, UK equity, fixed interest, […]

IFAs split as Hargreaves sends out &#39sell&#39 mailing

IFAs are divided over whether clients should sell out of equity funds in the aftermath of last week&#39s US terrorist attacks and subsequent market slump.In a mailshot distributed last Friday, Hargreaves Lansdown advised clients to bail out of poor performing investments in favour of cash or gilts.Chief executive Peter Hargreaves said he believes US consumer […]

Japan Economic Insight

James Dowey, Chief Economist, and Paul Caruana-Galizia, Economist

The conventional wisdom is that following a roughly 50 per cent rise in the stock market in 2013 in Yen terms, the Japan trade is over and done*. So the story goes, those big gains were due to a one-off boost from quantitative easing (QE) and a depreciation of the Yen — policies that one should think of as a palliative to Japan’s economic weakness, but not a cure. Rather the cure, and by implication the necessary condition for a longer-term investment case, is deep structural reforms — a painstaking re-weaving of Japan’s economic and social fabric, no less. The story continues: this is a much tougher test than launching a blast of QE, and one that prime minister Shinzo Abe, although well intentioned and well supported by the public thus far, is likely to fail. Stick a fork in Japan, it’s done…continue reading

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment