ROUND-UP
FT markets round-up: “Better news out of Europe and building optimism that a US budget deal can be reached, alongside hopes for more central bank easing, has extended Wall Street’s latest winning streak. Wall Street’s S&P 500 is gaining 0.7 per cent, its fifth straight day of gains while the FTSE Eurofirst 300 index is up 0.4 per cent and the single currency has advanced 0.5 per cent to $1.3005. Moves across other asset classes mostly point to general bullishness, with “havens” in retreat. The dollar index is down 0.3 per cent and US Treasuries are under pressure, pushing yields up 4 basis points to 1.65 per cent.” (Financial Times) Read more
There’s a problem with the Starbucks story, which first broke in mid-October when a Reuters report noted that the company hasn’t been paying corporation tax in the UK due to technically being loss-making.
It’s a real pain to visualise. So FT Alphaville threw this together… Read more
Live markets commentary from FT.com
HSBC to pay $1.9bn over money laundering accusations || Asian shares mixed ahead of Fed meeting || Monti in talks to run for PM || StanChart settlements to reach $667m || Optimism over fiscal cliff talks || Treasury to sell final AIG holdings || Little urgency ahead of next EU meeting || China November new loans below forecasts || Mervyn King warns of currency wars Read more
Who doesn’t enjoy a bit of Starbucks bashing? FT Alphaville has certainly engaged in a spot of “what’s that burnt coffee smell? Oh look, there’s a Starbucks!” on our way to our local caffeine supplier, but we don’t hold a candle to the lethal swarm of British politicians, campaigners and journalists that have surrounded the company of late. Read more
A somewhat familiar tale of investors who thought their money was safe as a deposit in a state-backed bank… and a curious regulatory response. Read more
Elsewhere on Tuesday,
- Publishing warz: Economists vs computer scientists.
- Robots, recapped.
- Short China stocks, get chased by ‘tattooed gangsters’. Read more
HSBC to pay $1.9bn over money laundering accusations || Asian shares mixed ahead of Fed meeting || Monti in talks to run for PM || StanChart settlements to reach $667m || Optimism over fiscal cliff talks || Treasury to sell final AIG holdings || Little urgency ahead of next EU meeting || China November new loans below forecasts || Mervyn King warns of currency wars Read more
1Man walks into a gold bar. Au!
2The end of QE?
3The persistent supply-side constraints in US housing
4Bird, plane, Abe
5Bove vs Bloomberg, redux
Show more6A glorious episode in the history of the Revenue
7Stress you next year
8The short arm of the SEC
9Alphachat: Lee Buchheit edition, featuring Lee Buchheit
10The (early) Lunch Wrap
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