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Now let's have a little look at what's been happening on the markets, the share markets. Well, earlier I spoke to Justin Urquhart Stewart, co-founder and director of Seven Investment Management. I began by asking him about the latest US jobs figures.
They were solid. They were slightly better than expected. But more to the point they're now at the position where we are being given really pretty strong messages from Ms Yellen who runs the Fed to say that actually interest rates are likely to go up. Their next meeting is 15th to 16th of December. The Fed has never ever put rates up before Christmas but maybe this time is gonna be the exception. These rates in terms of what we've had now it's nearly ten years since we've ever had a rate rise. It is absolutely astonishing. But now with position of the unemployment being at low, seven-and-a-half-year low, 5%, and some of the previous months have been reappraised as well, it turned out actually there were more jobs than expected. Now it's the time to actually try and do that. We've also had some figures on hourly pay as well and they've been increasing as well, slightly slower pace overall. But nonetheless, be prepared we're gonna see rates rise in the States. That does not mean though that Britain slavishly follows it because a rate rise in the States has an impact. A rate rise in UK has a much quicker impact and it could be a lot more sensitive. | 
发表于 2016-12-23 22:40:00