Non-farm payroll numbers higher than pre-recession, Lloyds TSB IPO
June 9, 2014 7:08 am
IMF Director Christine Lagarde has admitted that the IMF ‘got it wrong’ when it warned against the coalition government’s policy of combating the recession through austerity measures. The UK economy is predicted to grow by 2.9% in 2014, faster than any of the other nations comprising the G7.
Friday’s US Non-farm payroll figures came in at 217,000, slightly above the predicted 213,000. However, the real news surrounding the announcement is that the number of non-farm jobs is now higher than it was before the recession. The news sent stocks soaring, particularly in Japan, where the Nikkei reached a three-month high.
Goldman Sachs has predicted that a sixth World Cup victory for host nation Brazil will lift Brazilian stocks, citing previous World Cup wins as an example. However, UBS has stated that a defeat for the host nation could hurt Brazilian President Dilma Rousseff and her already unpopular government, which the Swiss bank believes could spark short-term stock gains ahead of the Presidential elections in October.
Lloyds Banking Group is intending to sell a 25% stake of TSB in an upcoming IPO, offering 125 million shares at 220-290p. The price is almost a third below book value, in an attempt to woo investors in an IPO climate that many believe is getting tougher.
IMF Director Christine Lagarde has admitted that the IMF ‘got it wrong’ when it warned against the coalition government’s policy of combating the recession through austerity measures. The UK economy is predicted to grow by 2.9% in 2014, faster than any of the other nations comprising the G7.
Friday’s US Non-farm payroll figures came in at 217,000, slightly above the predicted 213,000. However, the real news surrounding the announcement is that the number of non-farm jobs is now higher than it was before the recession. The news sent stocks soaring, particularly in Japan, where the Nikkei reached a three-month high.
Goldman Sachs has predicted that a sixth World Cup victory for host nation Brazil will lift Brazilian stocks, citing previous World Cup wins as an example. However, UBS has stated that a defeat for the host nation could hurt Brazilian President Dilma Rousseff and her already unpopular government, which the Swiss bank believes could spark short-term stock gains ahead of the Presidential elections in October.
Lloyds Banking Group is intending to sell a 25% stake of TSB in an upcoming IPO, offering 125 million shares at 220-290p. The price is almost a third below book value, in an attempt to woo investors in an IPO climate that many believe is getting tougher.
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