UK EQUITIES rallied firmly into the close yesterday as bullish economic data both here and in the US calmed fears that the global economy may not be ready for a wind down in stimulus.
THE DOW Jones and the S&P 500 closed at record highs yesterday after Morgan Stanley and others reported better-than-expected earnings and Federal Reserve chairman Ben Bernanke’s comments further reassured markets.
BRITAIN’S FTSE 100 rose yesterday, with miners cheered by a string of solid output numbers from the likes of BHP Billiton, and with the US Federal Reserve reassuring that stimulus will only be cut if the economy is strong.
US stocks ended modestly higher yesterday after Federal Reserve chairman Ben Bernanke said the timeline for winding down the organisation’s stimulus programme was not set in stone.
MINING heavyweight Rio Tinto helped limit a slide in Britain’s blue-chip FTSE 100 index yesterday with a production update that assuaged some concern about Chinese demand.
THE S&P 500 snapped its eight-day winning streak yesterday after disappointing sales from Coca-Cola, while investors turned cautious on the day before the Federal Reserve chairman’s congressional testimony.
Don’t get caught out by insufficient policies and rising premiums
ONE Chinese economist suggested on Monday that five straight quarters of growth at less than 8 per cent was “a clear sign of financial distress.” I would dare him to say the same to the Spanish Prime Minister.
THE PROLIFERATION of credit, debit, and prepaid currency card deals means changing holiday money is no longer a matter of simply comparing rates along the high street.
BRITAIN’S blue-chip stock index recorded a six-week closing high yesterday, with banks leading the advance after strong results from US bank Citigroup improved investors’ outlook on the financial sector.
CITIGROUP’S solid earnings helped the S&P 500 end higher yesterday for an eighth straight day, the longest such streak since mid-January, though weak retail sales curbed the advance.
Liam Ward-Proud asks six leading trading firms about the services they offer to both novice and expert traders
AFTER the latest Federal Open Mark Committee minutes, and Fed chairman Ben Bernanke’s reiteration that easy monetary policy “is needed for the foreseeable future,” we remain in an environment favourable to equities.
My pick: Long Australian dollar-yen
Expertise: Fundamental and technical analysis
Average time frame of trades: A few hours to a few weeks
BANK of England governor Mark Carney is expected to face his first major economic hurdle this week with inflation likely to have reached a 14-month high.
THIS week marks the first big week of second-quarter earnings, and it is sure to bring both joy and misery to Wall Street.
BRITAIN’S top share index hit a five-week closing high yesterday, bolstered by mining stocks, after the US Federal Reserve chairman Ben Bernanke signalled a commitment to monetary stimulus for the foreseeable future.
THE S&P 500 index and the Dow industrials closed last night at record highs, a day after Federal Reserve chairman Ben Bernanke said the Fed will keep a loose monetary policy for some time to lower the unemployment rate.
THE TOP share index ended slightly weaker yesterday, led lower by miners as disappointing Chinese trade data raised fresh concerns about the pace of growth in the world's biggest metals-consuming country.
THE Dow slipped and the S&P 500 edged up less than a point yesterday, interrupting a four-day rally, with investors trying to gauge when the Federal Reserve may scale back on its economic stimulus.
The UK’S blue chip share index rose to one-month highs yesterday, backed by a fresh batch of strong domestic data and with heavyweight mining stocks cheered by forecast-beating results from US peer Alcoa.
US STOCKS rose for the fourth session in a row yesterday as investors bet that companies will be able to surpass the low bar set for earnings season, leaving room for better-than-expected results that could drive the rally further.
Checking your investments can help avoid shocks down the line
MARKETS have been acting very strangely recently – a bit like the British weather – and have proven difficult to call.
BRITAIN’S top share index rallied in thin volume yesterday as speculation about the divestment of the government’s stakes in Royal Bank of Scotland and Lloyds Banking Group lured buyers into UK lenders.
US STOCKS advanced yesterday heading into the start of earnings season, building on gains sparked by last week’s robust employment report and pushing the S&P 500 closer to May’s all-time high.
Carney and Draghi may struggle to diminish the market impact of Fed hawkishness, writes Liam Ward-Proud
IT MAY be Tuesday, but a lot of us are still recovering from a momentous weekend for British sport.
My pick: Buying US dollar dips
Expertise: System trading
Average time frame of trades: 2 to 10 weeks
AFTER a slew of upbeat economic predictions this morning, the City will be keenly watching tomorrow’s trade figures for further signs of a recovery.
FUNDAMENTALS will return to the forefront as companies begin to release second-quarter results this week.
BRITAINS’ top share index posted its biggest gain for 20 months yesterday, boosted by cyclical financial, oil and mining stocks after the Bank of England and the European Central Bank signalled extended periods of monetary stimulus.
EUROPEAN stocks posted their biggest one-day jump in 11 months yesterday after central banks in Britain and the Eurozone signalled that, unlike the United States, they are in no hurry to unwind stimulus.
BRITAIN’S benchmark equity index fell yesterday, with construction and mining stocks among the worst performers, as a clutch of worrying geopolitical situations hit markets.
US stocks ended slightly higher in a volatile half-day session yesterday as traders squared positions before today’s holiday and tomorrow’s job market data.
THE UK’S top share index fell yesterday due to weaker financials, but bounced off lows as growing optimism over the US economy largely offset concerns about the winding down of central bank stimulus.
US stocks edged lower yesterday, erasing earlier gains as the S&P 500 met resistance around its 50-day moving average, a level the index has not been able to close above for the past two weeks.
There are certain trends that should set alarm bells ringing
A FOREIGNER has entered the walls of a hallowed English institution, with an immediate and contentious issue to address on his first day in the job – whether or not to sell Wayne Rooney.
BRITAIN’S top share index rose yesterday, with strong domestic and global data encouraging fresh bets on industrial and construction stocks on the first day of the new quarter.
US STOCKS ended higher on the first day of the third quarter yesterday, supported by signs of strength in manufacturing and construction sectors.
But recent falls don’t necessarily spell the end for the yellow metal, writes Liam Ward-Proud
IT’S a big week for UK monetary policy. Mark Carney has just taken over as governor of the Bank of England and he’s got a lot to prove. He attends his first rate setting meeting on Thursday, but faces a delicate decision.
WITH US markets closed on Thursday, the spotlight will shine even brighter on new Bank of England governor Mark Carney as he hosts his first Monetary Policy Committee rate setting meeting.
PANIC selling on fears of an early exit of the US Federal Reserve’s stimulus efforts may be over, but the stock market may still face wild intraday swings as investors scramble to position themselves for Friday’s payrolls report.
BRITAIN’S top share index rose yesterday after several US central bankers offered reassuring comments about their stimulus programme, helping the market further off six-month lows.
US STOCKS climbed for a third straight day yesterday after comments from several Federal Reserve officials soothed concerns that the central bank would begin to reduce its stimulus efforts in the near future.
BRITAIN’S top share index finished higher for a second straight session yesterday, with soothing comments from central banks reassuring investors that the accommodative monetary policies would stay longer.
US stocks climbed for a second straight day yesterday as a downward revision in the growth rate of gross domestic product soothed investors’ concerns that the Federal Reserve would begin to withdraw its stimulus in the near future.