Economics

LEHMANS SPECIAL

The FTSE 100 has jumped almost 1% after former US Treasury secretary Larry Summers withdrew his candidacy to replace Federal Reserve chair Ben Bernanke next year.

Markets across Asia started the week brightly as traders bet the withdrawal of Fed chair candidate Larry Summers' could slow the US' curtailment of quantitative easing.

Official consumer prices index (CPI) inflation is expected to dip this week when official figures are released.

Former US Treasury Secretary Larry Summers has withdrawn his candidacy to succeed Ben Bernanke as head of the US central bank, the Federal Reserve.

Hargreaves Lansdown's legal challenge to HMRC's move to tax platform rebates was the story of most interest to Investment Week's readers this week.

Mining stocks led a drop in the FTSE 100 today as falling commodity prices weighed on shares.

Mark Carney yesterday declared the British economy is picking up but warned the recovery may prove to be another ‘false dawn'.

Analysts at the Bank of America Merrill Lynch have tipped the FTSE 100 to rise to 7,400 next year, citing the strengthening economy and an accommodating central bank as reasons why stocks can reach such highs.

Sterling has risen to a seven-month high against the dollar after the UK's unemployment rate unexpectedly dipped from 7.8% to 7.7%.