- ‘Topics’ – Media Round Up – week ending 17 November 2013
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Welcome to our “Weekly Round Up” – our complimentary summary of this week’s financial news. This publication includes my own commentary and index of links to articles, allowing you to scan over and tune into what’s important to you.
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Dermot.
Commentary
The main financial news this week was the announcement by Minister for Finance, Michael Noonan, that Ireland has decided to exit the bailout program in December 2013 without the safety net of a credit line from the trokia. This means that the Minister is putting his faith in Ireland’s ability to raise funds solely from the (private investor) markets in the future. This is dependent on the economy continuing to grow in 2014 in order to illustrate to the markets that we have the ability (funds) to repay loans received. Other items of news included the biggest increase in activity in the construction sector since 2006, the continuing rise in property prices in Dublin and the announcement of 700 new jobs by Deutsche Bank in Dublin.
Irish Economy
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Construction sector sees biggest increase in activity since 2006. Read more
- Ireland to exit bailout without extra credit line. Read more
- Value of exports falls in September – CSO. Read more
- Deutsche Bank’s expansion to create 700 jobs in Dublin. Read more
Taxation
- Registration for Tax Relief at Source (TRS) – Mortgage Interest Relief. Read More
- Local Property Tax – What do I need to do for 2014? Read more
Banking / Credit
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Mortgage market activity continues to grow in third quarter of 2013. Read more
- Central Bank warns on forthcoming SEPA deadline. Read more
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EU expected to pledge support for stressed banks. Read more
Property
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New figures show cost of renting continuing to rise. Read more
Global Economy
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EU negotiators agree €135.5 billion budget for 2014. Read more
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EU starts investigating German current account surplus. Read more
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Euro zone recovery slows more than expected in third quarter. Read more
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UK inflation falls to 12 month low. Read more
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UK house prices near all time high – ONS. Read more
- Surprise as UK retail sales down 0.7% in October. Read more
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Fuel, telecoms pull down euro zone inflation in October. Read more
Stock Markets
- Stocks rise as Fed chief backs stimulus
- Dublin Iseq closes up 0.25%
- London FTSE 100 gained 0.4%
- European stocks advanced for a sixth week, longest winning streak since August 2012
- US stocks rose amid speculation the Federal Reserve will maintain stimulus.