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Carney is being ‘too aggressive’ on interest rate hike threats and is ‘confusing the markets’

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The Bank of England Governor Mark Carney has increasingly warned the markets that Britain’s main interest rate will rise from its record low of 0.5% soon. The interest rate has been at that level since 2009. But Dominic Rossi, the global chief investment officer of equities at the world’s second largest fund manager, Fidelity, told the BBC in an...
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The European economy will take at a €100 billion hit if it re-establishes permanent border controls

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The European economy is set to lose around €100 billion (£76 billion, $109 billion) if officials decide to re-establish border controls within the Schengen Area. That’s according to the French government’s economic planning agency France Strategie, which released its warning this morning in a note entitled “Policy Brief – The Economic Cost of Rolling Back Schengen.”...
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A new global oil deal could draw lessons from 1998

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By Dmitry Zhdannikov LONDON (Reuters) – After a year of secret diplomacy and hushed-up private talks around the world, OPEC’s mighty Saudi Arabia and rival Venezuela were persuaded to cut a deal by non-OPEC Mexico which overcame mutual acrimony and led to a much-needed rise in oil prices. It was 1998, trust had long broken...
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European PMI day: France is holding everyone else back

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It’s PMI day in Europe. The performance of France, the eurozone’s second largest economy, is worrying. The country’s manufacturing sector was stagnant in January, pointing to big problems in the country’s manufacturers. Overall, the picture for the euro area isn’t looking great, with Italy missing forecasts by a big margin, and growth in France flat,...
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China share trading volumes are up 218%

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Trading on China’s stock markets has more than tripled in a year, according to the World Federation of Exchanges. The value of share trading in China increased 218% from $13.5 trillion to $43 trillion in 2015, according to a report from the industry group. The number of trades rose 186% from 2014 to reach 10.1 billion at...
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