Initial Guidance | 20 October 2014

World stocks advance on strong data, earnings | Reuters
Global stocks climbed on Monday, with strong U.S. data and encouraging third-quarter earnings easing concerns about the pace of global economic recovery and raising appetite for riskier assets.
Volatility Unlikely to Alter Fed’s Policy Course | NY Times
The Federal Reserve is watching carefully as financial markets bounce around, but the likely course of monetary policy remains the same, officials have said in recent public comments and interviews.
Q3 Business Conditions Slowed, but Remained Solid; Growth Expected | NABE
Results from NABE’s October 2014 Business Conditions Survey suggest that growth is continuing at a majority of survey respondents’ organizations, with an increasing number of panelists also reporting employment growth and less difficulty in filling open positions.
European Leaders Pivot to Debt Crisis After Wake-Up Call | Bloomberg
European leaders jolted by the sudden return of debt-crisis turmoil will gather for talks in Brussels this week as they attempt to restore investor confidence in the euro area.
UK economic growth to fall to 2.4% in 2015, says EY Item Club | BBC
The UK economy will grow by 2.4% in 2015, well below the 3.1% growth expected this year, forecasting group EY Item Club has said.