Jobs headlines don’t tell the whole story
While encouraging jobs data is always welcomed, the headline stories only tell part of the story.
Big news day drives stocks up
World share markets have been trading at near record highs so far today, awaiting data on US jobs and the latest policy announcement from the European Central Bank.
Gold becomes less precious for investors
Mid-June saw a rise in the price of gold, boosted by concerns over Iraq and the Russia-Ukraine tensions.
Swiss pharma giant to buy San Diego innovator
Global pharmaceutical giant Roche has agreed to buy San Diego based Seragon for up to $1.7 billion.
Tech stocks set to gain at expense of auto
Since the early days of the automobile, innovation has been about speed, design, fuel efficiency, and engineering.
Hong Kong hits 7 month highs
The Hang Seng reached its highest level for 7 months today and showed the fastest gains in 7 weeks, up 1.6 per cent.
All eyes on US data – and Yellen today
The markets will be closely watching key US data this morning before turning attention to Fed chair Janet Yellen who’s at the HQ of the International Monetary Fund today, where she will deliver a lecture and meet with IMF managing director Christine Lagarde.
Canadian GDP set to rise
Figures released today are expected to see growth in Canada’s gross domestic product; the prediction is for 0.3 per cent for April, up from 0.1 per cent in March.
Don’t ignore the ‘worrying’ signs says BIS
The Bank for International Settlements warns that regulators should not ignore the risk from high property prices and rising credit levels.
GM compensation plan to be revealed
An announcement is likely today, by a compensation expert hired by General Motors, regarding settlements to accident victims following the firm’s defective ignition switch crisis.