Trading Update |
10-Jul-14, 8:50am: With Fed minutes pointing to an end to asset purchases in October, the Dow saw a late rally last night, however, European markets are in the red this morning. |
10-Jul-14, 9:05am: Dovish Fed Minutes Sees Volatility in the DollarThe dollar saw broad-based losses last night as the latest Fed minutes pointed to an end to tapering in October, but did not raise the prospect of a rate hike. Stock market indices are seeing fairly mixed trading, with the Dow moving back towards the highs, but European and Asian markets drifting lower. |
10-Jul-14, 1:09pm: Burberry Impresses but Suffers from Strength of SterlingThe fashion retailer has shown a 12% increase in like-for-like sales but is seeing increasing pressure from the foreign exchange markets. |