Nick Batsford, CEO of Tip TV, and Tony Cross, Market Analyst for Trustnet Direct, combined to provide the Weekend Press Review on the Tip TV Finance Show including headlines on Oil, Standard Chartered (L:STAN) and risk assets.
Key Points –
Fed horror show – Will interest rates be hiked in the US before the end of the year?
Frackers Crack in oil price fight – The oil price has fallen from $80 to $47 Y/Y to November, with the FTSE 100 mining shares value almost halving.
Profits plunge at Standard Chartered – Emerging Markets are facing a slowdown and this is where the majority of business is for Standard Chartered.
Risk assets in favour as bears hibernate – Inflows into risk assets last week significantly rose ahead of the FOMC meeting, but this is likely to be a short phenomenon.