Posts Tagged ‘Paralympics’

FPS’ Friday Fiver

Happy Friday peeps! Here is our fiver with a definite sporty feel to it this week. Thanks to KB, DC, CC and newby Sallie Bale, who writes about life as a fresh graduate, for this week’s contributions.

A new virtual team member….First of all, a quick welcome to our new virtual team member, DR DOOM, who we anticipate making more appearances on this blog over the coming months. We may yet recruit an alternative superhero breeding confidence into our markets, but for the time being we provide you with a depressing reminder that:

  • German, Italian and French markets were all down this week
  • Gold is reached a record value of $1,900/oz
  • And the all important services sector recorded its weakest growth in a year this August according to the Markit and our client CIPS’ (Chartered Institute of Purchasing and Supply) services index this week

International Paralympics Day….This week all eyes have been on the Paralympics with a huge event being held in Trafalgar Square to mark the occasion of International Paralympic Day yesterday. The event drew an impressive crowd, unsurprising considering there was a lot on offer: David Cameron and Boris Johnson taking on a (rather competitive looking) friendly doubles tennis match and Paralympic stars such as Oscar Pistorius and Ellie Simmonds were also in attendance.

Boris and Dave faced off over the net this week - it could be a sign of things to come (Image: Daily Mail)

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FPS’ Friday Fiver

Hello All! August really isn’t showing any sign of slowing down is it? At the start of the week there was a collective pause for breath, but since Wednesday it’s been a case of deja vu with the world’s markets continuing to do their best impression of the Pepsi Max Big One. The focus of the Friday Fiver this week is understandably on these events, but we also find time for a bit of sporting action too. Thanks to Ed, Ross, Jonathan and new writer Helen this week.

Wither Angela, Woe Nicolas…..Tuesday’s summit between Angela Merkel and Nicolas Sarkozy was their latest attempt to tackle the Eurozone’s woes. However, no matter what they do to try and convince markets otherwise, politicians both sides of the Atlantic are still failing to win over investors’ confidence.

It's not all hugs and smiles in the Eurozone anymore - another tough week for Merkel & Sarkozy

Does democracy have any culpability for this? Well yes, it does. Merkel is finding it increasingly difficult to win domestic support for the continued underwriting of Eurozone debt – Germany’s latest growth figures won’t help her cause here either. She knows that the electorate are less likely to vote for a Chancellor who uses German money to bail out other nations, than one who does not. Despite this, the Eurozone’s survival largely depends on German financial commitment.

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