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Thursday, 2nd September 2010
MERGER talk among the travel, telecoms and mining sectors helped Britain’s top shares to their biggest daily gain in almost two months yesterday, as strong manufacturing data from the US and China...
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Thursday, 2nd September 2010
WALL Street posted its best day in eight weeks yesterday as investor mood brightened after better-than-expected factory data from the United States and China.
Investors jumped on stocks across the...
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Wednesday, 1st September 2010
BRITAIN’S top shares closed up yesterday as miners gained on firmer US economic data which eased investor anxiety on the global economic recovery, while ARM Holdings jumped on renewed takeover talk....
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Wednesday, 1st September 2010
US stocks ended little changed in choppy trading yesterday, closing out an August the bulls would like to forget.
Positive data surprises sustained a rally for most of the session, but declines in...
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Wednesday, 1st September 2010
Jessica Mead
ANALYSTS comparing the prospects for the world’s two most populous countries often evoke an Asian
version of Aesop’s famous fable of the tortoise and the hare – the elephant and the tiger. The...
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Wednesday, 1st September 2010
Kathleen Brooks
IT HAS been a rocky couple of years for pension funds. Some high profile defined benefit plans, such as those of BT and British Airways, have suffered badly since the on-set of the financial crisis....
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Wednesday, 1st September 2010
KATHLEEN BROOKS
NORTHERN TRUST OPENS DOOR TO CHINA
Asset manager Northern Trust announced that it has been granted permission to open a branch office in Beijing. The new office plans to support institutional clients...
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Wednesday, 1st September 2010
KATHLEEN BROOKS
THE dollar is at a cross roads. At the peak of the financial crisis it was firmly in the set of “safe haven” currencies and was bought in favour of the euro, the pound and most emerging market...
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Wednesday, 1st September 2010
BORIS SCHLOSSBERG
Boris Schlossberg
DIRECTOR OF CURRENCY RESEARCH, GFT
ONE of the inviolable rules of speculative markets such as foreign exchange is that traders will push prices beyond all rhyme and reason as long as momentum remains...
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Wednesday, 1st September 2010
Jessica Mead
DRAGONS and tigers are known for their voracious appetites. China and India, it appears, are no exception – these Asian powerhouses’ demand for raw materials has proved unrelenting despite the...
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Wednesday, 1st September 2010
FOREX STRATEGIST
JOHN KICKLIGHTER
My pick: Short sterling-dollar from $1.5500 and short sterling-Aussie below A$1.7175
Expertise: Combining fundamental and technical analysis
Market conditions are...
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Wednesday, 1st September 2010
je
MUTTERINGS of further intervention by the Bank of Japan are being put to the test by the market, which is betting on the central bank being unable to stem the tide of yen appreciation.
There was a...
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Tuesday, 31st August 2010
Kathleen Brooks
THE world of foreign exchange tends to get very tricky when central bankers start getting worried about the strength or weakness of their currency. This is the position in which the Bank of Japan (...
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Tuesday, 31st August 2010
IT IS a busy week for the markets crammed with the usual start-of-the month economic data releases. The most eagerly awaited of these will be from the US. Manufacturing data out on Wednesday and...
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Tuesday, 31st August 2010
MARTIN SLANEY
Martin Slaney
WITH the UK stock market closed yesterday for the bank holiday, a fairly weak start is forecast for the open this morning, following a negative cue from US shares yesterday.
GFT is quoting the FTSE...
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Tuesday, 31st August 2010
US stocks fell in the year’s lightest volume yesterday as worries about the pace of economic recovery overshadowed data showing a rise in consumer spending and income.
The uncertainty weighed more on...
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Tuesday, 31st August 2010
JESSICA MEAD
WHEN nervous markets are jumping upon every single piece of economic data as an excuse to swing one way or the other, it can be extremely difficult for contracts for difference (CFDs) traders to...
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Tuesday, 31st August 2010
DAVID MORRISON
David Morrison
CFD MARKET STRATEGIST, GFT
WE’RE getting closer to the end of the summer and there is a growing fear that the rest of the year will see serious ructions in the financial markets. US economic data...
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Tuesday, 31st August 2010
Kathleen Brooks
THINGS can’t get much worse for Carl-Henric Svanberg, chairman of BP. After receiving a drubbing for his handling of the Gulf of Mexico oil spill, he is also nursing a £2m paper loss on shares he...
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Tuesday, 31st August 2010
SANDY JADEJA
CHIEF TECHNICAL ANALYST
SANDY.JADEJA@CITYINDEX.CO.UK
Q.Dear Josh, what’s the market sentiment for the prospect of a double- dip recession after Friday’s GDP data?
A.First both UK and US GDP readings...
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Friday, 27th August 2010
BRITAIN’S top share index rose yesterday, boosted by a rebound in commodity stocks and helped by better-than-expected economic data from the US.
The FTSE 100 closed up 46.44 points, or 0.9 per cent,...
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Friday, 27th August 2010
US stocks sagged yesterday and the Dow closed below 10,000 a day ahead of an expected downward revision in US second-quarter economic growth and a major speech by Federal Reserve chairman Ben...
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Friday, 27th August 2010
Jessica Mead
THERE was a time, not so very long ago, that bling was in. Fast cars, sleek super yachts, and private planes were fundamental to living the jet-set lifestyle which was the City dream for much of the...
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Friday, 27th August 2010
KATHLEEN BROOKS
RECESSION FLAT SHARE ANYONE?
According to a new survey by easyroommate.co.uk there has been a surge in the number of people looking for flat shares in the wake of the recession. It found that flat...
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Thursday, 26th August 2010
Jessica Mead
INVESTORS fed up with volatile, range-bound markets that apparently have little sense of clear direction will be cheering the end of the summer and the dust being swept off the City trading floors....
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Thursday, 26th August 2010
Kathleen Brooks
TOO much choice can be a problem for investors these days. Online consumer champion Which? singled out structured products as being some of the most confusing instruments on offer and was...
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Thursday, 26th August 2010
ETP TURNOVER 10PC OF EQUITY ACTIVITY
The latest figures from BlackRock’s exchange-traded fund (ETF) division show that exchange-traded product turnover was 10.45 per cent of equivalent equity market...
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Thursday, 26th August 2010
Jessica Mead
DESPITE the yawning deficit in Britain’s public finances, 10-year gilts have been finding favour thanks to the ongoing theme of risk aversion. The flight from equities has seen yields dropping...
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Thursday, 26th August 2010
BRITAIN’S top share index fell to a seven-week closing low yesterday on growing unease that the global economy may slip back into another recession following further weak economic data from the...
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Thursday, 26th August 2010
US stocks staged a comeback yesterday, breaking a four-day losing streak by major indexes, as key technical support triggered bargain hunting that offset weak economic data.
The S&P 500 index...
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Wednesday, 25th August 2010
BRITAIN’S top share index closed lower yesterday after weak US existing home sales data cast further doubt on the economic recovery story, with UK banks, miners and energy stocks bearing the brunt of...
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Wednesday, 25th August 2010
US stocks slumped, with the Dow and S&P 500 on track for a fourth day of declines as an unexpectedly large drop in home sales ratcheted up concerns about the economic recovery.
Sales of US...
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Wednesday, 25th August 2010
Kathleen Brooks
FOREX traders diligently looking at the cable chart in recent weeks might be rather gloomy about the outlook for the pound. Yesterday it broke below a key level against the dollar, which suggests...
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Wednesday, 25th August 2010
BORIS SCHLOSSBERG
DIRECTOR OF CURRENCY RESEARCH, GFT
ONE of the ironclad rules of FX trading is that political turmoil triggers instant selloffs in the country’s currency as speculators run first and ask questions...
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Wednesday, 25th August 2010
Kathleen Brooks
THERE aren’t many economies that can experience three months of political protest without it denting growth, but that is exactly what HAS happened to Thailand. The protests, which lasted from March...
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Wednesday, 25th August 2010
Kathleen Brooks
WITH the yen hitting a nine-year high against the euro, people have wondered if it can go any further. But coupled with poor economic data continuing to come out of Europe, the trend is likely to...
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Wednesday, 25th August 2010
FOREX STRATEGIST DAVID RODRIGUEZ
My pick: Stay short euro-dollar below $1.2750
Expertise: Algorithmic trading
Average time frame of trades: Two-10 weeks
I remain short the euro-US Dollar pair from $...
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Wednesday, 25th August 2010
FOR a manager of a billion-pound global fund that is more than a century old, Bruce Stout, fund manager for Murray International Investment Trust and a senior portfolio manager on the global equities...
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Wednesday, 25th August 2010
KATHLEEN BROOKS
PICTET LAUNCHES ENVIRONMENT FUND
Swiss private bank Pictet is capitalising on the latest move towards more socially responsible investing with the launch of its Pictet-Environmental Megatrend...
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Tuesday, 24th August 2010
Kathleen Brooks
THE consumer staples sector is usually considered fairly robust. The types of goods it produces – alcohol, food and household products –?tend to be immune to fluctuations in earnings and during...
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Tuesday, 24th August 2010
DAVID MORRISON
David Morrison
CFD MARKET STRATEGIST, GFT
WHILE July was a good month for most stock indices, August has been pretty grim so far. An early rally faded as the S&P encountered significant resistance around 1,130...
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Tuesday, 24th August 2010
JESSICA MEAD
FXCM ENHANCES NO DEALING DESK EXECUTION
This summer, FXCM has enhanced its no dealing desk execution service by adding a price improvement service. If a better price becomes available before a limit...
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Tuesday, 24th August 2010
Jessica Mead
POLITICAL turmoil and the prospect of a hung parliament pushed the Australian dollar to its lowest level in more than a month against the greenback yesterday. Independent MPs have now become the...
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Tuesday, 24th August 2010
BRITAIN’S leading share index ended a three-session losing run yesterday, helped by a spate of corporate takeover activity, though trading was thin.
HSBC said it was in talks to buy up to 70 per...
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Tuesday, 24th August 2010
US stocks slipped in one of the lightest volume sessions of the year as investors took refuge in defensive shares after the latest corporate M&A failed to soothe concerns the recovery is stalling...
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Monday, 23rd August 2010
Jessica Mead
THE old City adage of selling in May and not returning until St Leger’s Day in early September typically refers to the equity markets, which suffer from low volumes and choppy trading during the...
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Monday, 23rd August 2010
Kathleen Brooks
IT’S A case of how low they can go for bond yields. After another week marked by disappointing jobs and manufacturing data in the US, investors ploughed into the relative safety of government debt,...
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Monday, 23rd August 2010
Kathleen Brooks
WITH increasing demand for commodities and as emerging market consumers develop a sweeter tooth, the appetite for sugar continues to rise. ETX Capital is quoting the October sugar contract at $19.95...
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Monday, 23rd August 2010
SANDY JADEJA
CHIEF TECHNICAL ANALYST
sandy.jadeja@cityindex.co.uk
Q. Dear Sandy, how could I have traded the decline in last week’s FTSE 100?
A. In the previous article we discussed the use of pivots. If you...
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Monday, 23rd August 2010
MARTIN SLANEY
Martin Slaney
THE FTSE 100 index closed at its lowest level since July 20 on Friday, but the early call from GFT is for bargain hunters to step in and lift the index back above the 5,200 level this morning....
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Monday, 23rd August 2010
THE Australian dollar fell one per cent and bonds eased in early trade this morning after an inconclusive election appeared to have delivered investors’ worst fears -- a minority government with...
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Friday, 20th August 2010
BRITAIN’S top share index fell to its lowest close in a month yesterday, as weak US labour and other data cast further doubt on the strength of the global recovery and as oil stocks fell on lower...
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Friday, 20th August 2010
US stocks plummeted to their lowest close in nearly a month yesterday as the latest batch of data amplified concerns the economy is stuck in neutral.
The selloff was broad, with five stocks falling...
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Friday, 20th August 2010
Jessica Mead
BOOKSHOP shelves are overflowing with self-help guides, aimed almost exclusively at women. And sitting alongside the dating and diet manuals are copies of Savvy Investing for Women, Money Matters for...
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Friday, 20th August 2010
GOOD wealth management requires a holistic approach to your finances that coordinates everything from private banking to investments and even planning for retirement, ill-health and your children’s...
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Friday, 20th August 2010
KATHLEEN BROOKS
LOYALTY DOESN’T ALWAYS PAY
Shopping around for a cheaper quote for your car insurance really does pay off, according to research from Which?, the independent product-testing and consumer campaigning...
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Thursday, 19th August 2010
Banks and commodity stocks pushed Britain’s top shares lower yesterday, with worries over the global economic recovery knocking sentiment and weak volumes exacerbating stock moves as the FTSE 100...
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Thursday, 19th August 2010
WALL Street rose yesterday, led by gains in consumer stocks after a sales forecast from discounter Target temporarily quelled concerns about consumer demand.
Shares of Target rose 2.5 per cent to $51...
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Thursday, 19th August 2010
Juliet Samuel
INVESTORS with money in physical gold exchange-traded products (ETP) might have had a scare this week as gold-backed ETPs came under heavy fire in a paper by Hinde Capital, a hedge fund. The hedge...
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Thursday, 19th August 2010
Jessica Mead
IT IS a rare thing that Americans look at Europe with envy. But in recent weeks, more than a few policymakers stateside have been turning a rather violent shade of green. Over the course of the...
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