Five things investors learned in the last week
- 4 October 2013
1) The US government has shut down with Congress failing to agree a budget this week. All eyes are on the debt ceiling due roll-0ver which falls on the 17 th October. Most commentators say they won’t dare default. If they do, it will be uncharted territory. A long debate over the ceiling will harm the economy says the Washington Post politics site. The head of the IMF Christine Lagarde says it is mission critical.
2) Twitter has passed its papers to the SEC and says it hopes to raise £1bn as Sky News reports.
3) The Barclays cash call sees 95% of investors taking the chance to buy shares at 185p for every four shares they owned as Investment Week reported on Thursday.
4) The Chancellor of Exchequer George Osborne says a Conservative government will aim to deliver a budget surplus by 2020 as CityAM reports. The Guardian’s economics blog predicts more cuts to get there.
5) Challenger online DFM business Nutmeg says it will publish its performance figures soon in a bid to shake up the discretionary fund market as chief executive Nick Hungerford tells MindfulMoneyTV.
- The UK economy combines both house price inflation and goods price disinflationary pressure
- With the strong UK employment market is it time for Forward Guidance mark three?
- Why is Janet Yellen talking the US Dollar down?
- Are the oil majors having to come to terms with the dawning of solar power and what should investors do?
- Challenger banks Shawbrook and Close Brothers launch market leading fixed-rate bonds
- Are you an Expat with investment property in the UK? - You could be liable for UK Capital Gains Tax
- Where to find an inflation beating savings account
- Budget pension revolution: Just 5% of pension investors planning to blow all the money and rely on state pension
- Cost of living eases as inflation drops to 1.6% in March - its lowest level since October 2009
- Tenants to get greater protection as property letting agents are made join approved 'redress scheme'