Five things investors learned last week
- 21 December 2013
1) The Federal Reserve has started tapering by $10bn a month with markets calm and even benefiting.
2) Yet Bank of England governor Mark Carney acknowledges the great risks to the economy of unwinding quantative easing.
3) Hargreaves Lansdown has suggested the Invesco Perpetual allows free switches from its funds into Neil Woodford’s new venture as Citywire reports.
4) UK growth continues to be revised up with the ONS saying September2012 to September 2013 saw growth was 1.9% as it revised figures for previous quarters.
5) Gold has suffered its largest falls in 30 years in 2013 as Investment Week reports.
- June was worst month for FTSE in three years
- Are European powers trying to drive Greece out of the eurozone?
- Greek PM will resign if voters back austerity plans
- Tullow Oil is a 'buy' despite profit drop
- Greece gives further ground to creditors as Bank of England warns of risk to UK stability
- UK growth higher than expected
- Greece misses payment deadline to IMF but reports suggest Tsipras will now accept many creditors' conditions
- Cash-strapped drivers delay repairs
- A fifth of over-50s targeted by pension fraudsters
- Charges for using mobile data in Europe to be scrapped