Economics / Markets

Monkeys vs fund managers revisited (or the trouble with market cap weighted indices)

Central bankers are to confirm later today whether they will act on growing concerns about the housing market.

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Is there any value left in Europe?

A hike in the base rate of as little as 0.25% would have a much greater impact on the disposable incomes of highly indebted consumers, potentially threatening the UK's recovery, Neil Woodford has said.

Sterling has fallen back below $1.70 after Bank of England Governor Mark Carney sounded a more dovish tone on base rate rises.

Britain's recovery has become entrenched and the Bank of England should start to raise interest rates in the coming months to reflect the stronger economy, according to one of its most dovish policymakers.

European markets are set to join the global rally which followed the release of a ‘dovish' statement from the Federal Reserve on monetary policy.

Business secretary Vince Cable has called the financial sector "a public good", though admitted it often falls short of this lofty aim.