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Book of the Month                               

This month we are recommending "The Cul-de- Sac Syndrome: Turning Around the Unsustainable American Dream".
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Financial Market News

Global Economic News from the Financial Times

  1. Mexico insists reform of Nafta trade deal must suit all sides
    Foreign minister Luis Videgaray warns that current impasse could disrupt global trade
  2. Nigerian bond deal unlikely to herald bright new dawn
    Deposits and loans continue to fall despite end of painful recession
  3. Disagreements on eurozone reform may produce best outcome
    A common ground could be to combine a euro budget with a debt restructuring mechanism
  4. Daily briefing: China party congress, Rio Tinto fraud charges and Black Monday risk
    President opens Communist party congress that will cement his status as a transformative leader
  5. Pay squeeze continues for British workers
    Unemployment is at 42-year low but wages fell in real terms
  6. UK wage growth slips even as jobless rate holds 42-year low
  7. South African inflation rises further than expected
  8. Central bankers have one job and they don’t know how to do it
  9. Why Wall Street’s fear index remains calm
    The Vix index is a 30-day measure and does not give weight to long-tailed risks
  10. Election tests Macri’s promise to make Argentina ‘normal’ again
    Legislative poll will be a referendum on the reformist president

Financial Market News from the Financial Times

  1. Qudian surge gives sentiment boost to tech IPOs
    US stocks advance as both the S&P 500 and Dow Jones hit fresh highs
  2. Reckitt slides as sales headache intensifies
    UK stocks advance with the FTSE within touching distance of record close
  3. Middle Eastern debt boom continues
  4. Oil pares gains after gasoline inventories rose more than expected
  5. Treasury sector alarm over ‘Taylor rule’ looks misplaced
    Policy sensitive short-term yields rise on risk of a more active central bank
  6. Nigerian bond deal unlikely to herald bright new dawn
    Deposits and loans continue to fall despite end of painful recession
  7. US stock futures higher amid Mnuchin comments, Fed chair talks
  8. BP’s Dudley says “swimming pools are draining” as oil market tightens
  9. Mnuchin warns stocks face fall without tax reforms
    Treasury secretary says investors have ‘baked in’ expectations of cuts
  10. German banks balk at ‘€1bn’ Mifid II price tag
    Bulk of costs linked to technical infrastructure required to record telephone calls