Wealth Management
BRITAIN’S benchmark equity index rose yesterday to its best closing level since late 2000, helped by rising bank stocks, and analysts said there was little holding it back from its all-time highs.
US stocks ended slightly down yesterday, with indexes hovering near record levels as concerns about a correction cut earlier gains that had been prompted by news about a flurry of acquisitions.
Central bank stimulus is only part of the reason equity markets have continued their recent upward trend
I WAS recently at a lunch with Garry Kasparov, the man who became the youngest world chess champion in history in 1985 at the age of 22.
CURRENCY STRATEGIST
CHRIS VECCHIO
My pick: Closed long dollar-yen, and closed short Aussie-dollar
Expertise: Fundamental and technical analysis
Average time frame of trades: A few hours to a few weeks
Tom Welsh talks with IG’s chief market strategist David Jones about the recent stock market rally, why timing is everything, and what you can expect from City A.M.’s Active Trader Conference this June
HOUSEHOLDS are in line for a bonus this week, with news that inflation is slowing because of recent falls in oil and commodity prices.
WITH the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street’s rally inevitably hitting a ceiling is starting to get old.
THE UK’S top share index snapped a 10-session winning streak yesterday, with weak US data taking some shine off and with technical charts pointing to an increasing risk of a correction.
STOCKS fell yesterday, with the downturn accelerating late in the day after a Federal Reserve official said the central bank could begin easing up on its monetary stimulus this summer.
SOLID corporate earnings helped push the UK’s top share index to a fresh five and a half year closing high yesterday, led by EasyJet after a robust update.
US stocks rose on yesterday, with the Dow and S&P 500 hitting new all-time highs in a broad market rally as the recent upward momentum persisted.
The UK’s top share index scaled fresh five and a half year highs yesterday, taking heart from a handful of upbeat earnings and with a bid for Severn Trent fanning expectations of more takeovers of utilities.
US stocks rallied to fresh highs yesterday as investors picked up large-cap companies’ shares on the expectation that central bank stimulus will help propel the rally further.
Standard policies may not cover your requirements
THE Prime Minster remains unable to silence his Tory Eurosceptic critics, and the issue of whether the UK should remain in or should exit the European Union continues to rumble on.
BRITAIN’S blue chip shares edged up to fresh five and a half year highs yesterday, reversing early losses as strength in defensive stocks helped compensate for steep losses in the banking sector.
US stocks ended flat yesterday, pausing after hitting record highs last week, but strength in healthcare issues helped to keep declines in check.
The S&P 500 healthcare sector climbed 0.7 per cent and was the day’s best performer.
Costs vary widely and some firms suit novices better
A correction may be coming but it’s a painful wait for the money men
CURRENCY STRATEGIST
CHRIS VECCHIO
My pick: Long dollar-yen and short Aussie dollar-dollar
Expertise: Fundamental and technical analysis
Average time frame of trades: A few hours to a few weeks
Tom Welsh talks with investment maverick Clem Chambers about trading with data, why investing is easy, and what to expect from his adrenaline-fuelled speech at City A.M.’s Active Trader Conference
SIR Mervyn King’s final inflation report on Wednesday could set the scene for more easing under incoming Bank of England boss Mark Carney.
WITH the Dow and the S&P 500 setting another string of record closing highs last week, the old Wall Street adage – “Sell in May and Go Away” – is starting to look weak.
BRITAIN’S top share index edged up to fresh peaks yesterday, with the market at a five-and-a-half year high, and traders said a backdrop of central bank support would keep its upward trend intact.
THE S&P 500 broke a five-day string of record closing highs yesterday, ending a fairly volatile session lower as recent momentum lost steam and Apple shares declined.
THE UK’S top share index hit a five and a half year closing high yesterday, bolstered by solid corporate earnings newsflow and robust Chinese trade data.
THE S&P 500 closed at an all-time high for a fifth day yesterday in a broad rally that keeps surprising investors with its longevity and resilience.
A SURGE in banking shares lifted Britain’s top share index to a five-year high yesterday after Europe’s largest lender HSBC reported estimate-beating results.
THE Dow closed above 15,000 for the first time yesterday and the S&P 500 ended at another record high, extending the market’s rally as more investors rushed to join the party and German industrial data beat expectations.
Traditional high street names are trying to fend off competition from newer contenders
THE disconnect between stock markets and their respective economies continues to play out in earnest, as global indices have hit new multi-year (if not all-time) highs.
EUROPEAN stocks fell in a thin market yesterday, pulling back from last week’s rally and weighed down by German utility E.ON after it traded without rights to its latest dividend.
THE US dollar rose against the yen and euro yesterday and US stocks closed at a new record as the outlook for the US economy continued to brighten following last week’s strong jobs report.
Tom Welsh speaks with City veteran David Buik about his career in the City, his views on central bank intervention and the Eurozone, and what to expect from City A.M.’s 2013 Active Trader Conference
Slowing GDP growth isn’t eroding unusual stock market confidence
CURRENCY STRATEGIST
CHRIS VECCHIO
My pick: Long dollar-yen, short Aussie dollar-dollar
Expertise: Fundamental and technical analysis
Average time frame of trades: A few hours to a few weeks
BRITAIN’S FTSE 100 posted its highest close in a month yesterday, supported by the European Central Bank (ECB) delivering some widely expected stimulus and by reassuring earnings numbers from the energy sector.
US stocks closed about 1 per cent higher yesterday, led by tech shares, after weekly jobless claims figures pointed to improving labour market conditions a day before the closely watched monthly payroll report.
THE FTSE 100 ended higher in thin trade yesterday as heavily weighted bank shares rose on hopes of monetary easing in Europe, although it pared gains after weaker-than-expected US data.
WALL street stocks fell sharply yesterday as the latest economic data continued a trend of indicators pointing to anemic growth while bellwether companies disappointed on revenue.
THE UK’S leading share index fell yesterday after weaker-than-expected US data hit growth-sensitive stocks, managing nevertheless to score its longest run of monthly gains.
US STOCKS rose moderately yesterday, with the S&P 500 ending at another all-time closing high on a jump in Apple and upbeat economic data.
The market could be a wise investment but is not without its risks
BANKER bashing has been a popular pastime since the financial crisis. But even before the credit crunch hit in 2007, there was a feeling that the good times couldn’t last forever.
MINING and energy stocks led Britain’s top share index higher yesterday after inflation data from Europe and the United States heightened expectations of more action from central banks to stimulate the economy.
THE S&P 500 index ended at an all-time high yesterday as growth-oriented stocks, including energy and technology, lead the way to the index’s sixth rise in the past seven sessions.
Tom Welsh talks with Saxo Bank’s chief executive Lars Christensen about the Cyprus bailout, and why anti-euro parties are only just beginning to thrive
Why the statistics on the old investment adage tell a wider story
CURRENCY STRATEGIST
CHRIS VECCHIO
My pick: Short Aussie-dollar, sterling-dollar, and long dollar-yen
Expertise: Fundamental and technical analysis
Average time frame of trades: A few hours to a few weeks