Economics / Markets

Fears over US monetary tightening, rate hikes, and recession triggered the 1987 stock market crash, and there are parallels with today's market environment, according to Société Générale's Albert Edwards.

As the summer draws to a close, Smith & Williamson's James Burns provides a round-up of macro events around the world and takes a look at what to expect next.

The new Bank of England governor, Mark Carney, has said he will step in to prevent a house price bubble caused by low interest rates and the Government's Help to Buy scheme.

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The US economy expanded at a much greater rate than expected, according to latest figures released this afternoon, helping push benchmark US treasury yields back up to 2.82%.

The Co-operative group has been hit with more than half a billion pounds worth of losses in the first half of this year, after sizeable write-offs at its troubled banking arm.

Sterling dropped and then recovered sharply minutes after new Bank of England Governor Mark Carney told the world he has no plans to raise rates any time soon, but was upbeat on UK growth.

Mark Carney has moved to defend the Bank of England's 'forward guidance' policies and said further stimulus may be necessary keep the UK economic recovery on course.

J.P. Morgan could be hit with a fine of more than $6bn from US authorities as they pursue the bank over sales of securities to government-backed mortgage companies.

Markets around the world sold-off overnight while oil continued to soar, as the prospect of military involvement in Syria's civil war grows.