Friday, 5 August 2011

How all this affects you (link)

The BBC have an excellent article explaining how this turmoil in the markets affects you. It's definitely worth a read!


Tuesday, 2 August 2011

US Debt Deal Made

Congress has passed the bill that will increase the debt ceiling and allow the US to avoid defaulting.

The debt ceiling has been raised to $16.7 tn (increase of $2.4tn from $14.3tn).

Regards, Sam


House of Representatives agree debt bill

Now eyes are on the Senate waiting for them to approve the bill.

Stay updated for updates.

Regards, Sam

Tuesday, 26 July 2011

Updates Around The World

In the US:

The US debt ceiling has been a hot topic. Obama and republicans have clashed over requests to raise the debt ceiling and plans to reduce government spending and to raise taxes. If a new deal is not made by early August we may find the world's foremost government defaulting on its debts - not good news.

In the UK:

Across the pond in the UK figures have been released by the ONS (Office for National Statistics) of the Q1 GDP showing 0.02% growth. This figure is way below forecasts of 1.7% growth for 2011. Analysts put this down to negative factors such as the  Japanese Tsunami, however they also note the positive role the royal wedding had on GDP growth.

Kind regards,

Thursday, 21 July 2011

New Greek Bailout Agreed

A 135bn euros over 30 years ballout has been agreed by Eurozone members and will, this time, include private investors.

Markets reacted positively to news that an agreement had been reach with the FTSE 100 climbing to 5,900 (+0.79%) and Eurofirst 30 to 1,100 (+1.10%)

Regards, Sam