Nokia is up smartly after it reported a really significant rise in Q3 earnings, with revenues up 13% to euros 3.32 bn and net earnings up 32% thanks to network deals.

Commodity prices do not move in lockstep with each other. In the olden days, people used the price of copper to forecast economic growth.

Harvard's expensive investment managers didn't invest very well. Its endowment gained all of 11.3% last year, despite the heavy spending. Meanwhile Yale gained 12.5%.

This July, the US imported 12% less oil (crude and products) than it had in July, 2013, 9.06 million barrels per day (mbpd). In fact, the imports were the lowest in any July since 1995, according to data from the American Petroleum Institute, an industry body.

It is not just the Bank of England where a minority of policymakers support tightening of credit. At our Fed too the hawks are swooping led by Kansas City Fed Chief Esther George.

Both GLD, SPDR Gold, and individual stocks like IAG, IAM Gold, are up more.