Fed’s pessimism is a blow to US shares May 20, 2009 US stocks fell yesterday, led by financials in a late-stage sell-off, after the Federal Reserve gave a more pessimistic view on the economy, tempering hopes for a quick recovery. The Fed cut its 2009 forecast for gross domestic product and raised its outlook for unemployment, tempering the recent optimism that the economy might be turning [...]
Improve your forex trading with currency correlations May 19, 2009 WHEN quantitative easing was introduced earlier this year, there was no doubt that it would shake up the markets. But a race to zero interest rates and the adoption of QE by many of the G10 countries has meant that foreign exchange traders have had to adjust their strategies to this new market environment. Continued [...]
Improve your forex trading with currency correlations May 19, 2009 WHEN quantitative easing was introduced earlier this year, there was no doubt that it would shake up the markets. But a race to zero interest rates and the adoption of QE by many of the G10 countries has meant that foreign exchange traders have had to adjust their strategies to this new market environment. Continued [...]
WILL THRIFT SLOW DOWN RECOVERY? May 19, 2009 SINCE March, global equity markets and risk currencies like the euro, pound and Australian dollar have rallied on the assumption that global demand will begin to recover by the second half of 2009. Markets have seen evidence of recovery among producers as various purchasing managers’ surveys from industrialised nations have beaten expectations. Demand has undeniably [...]
WILL THRIFT SLOW DOWN RECOVERY? May 19, 2009 SINCE March, global equity markets and risk currencies like the euro, pound and Australian dollar have rallied on the assumption that global demand will begin to recover by the second half of 2009. Markets have seen evidence of recovery among producers as various purchasing managers’ surveys from industrialised nations have beaten expectations. Demand has undeniably [...]
Firms need to tread carefully as redundancy claims increase May 19, 2009 EARLIER this week, single mother Alison Weekes said that she is to sue Lloyds TSB for £70,000 for sex and race discrimination and victimisation, after she was sacked by the bank. She alleges that her boss said that she was “not committed” to the job, and was unable to “put in the hours” because she [...]
Firms need to tread carefully as redundancy claims increase May 19, 2009 EARLIER this week, single mother Alison Weekes said that she is to sue Lloyds TSB for £70,000 for sex and race discrimination and victimisation, after she was sacked by the bank. She alleges that her boss said that she was “not committed” to the job, and was unable to “put in the hours” because she [...]
LEGAL NEWS May 19, 2009 FOUR-DAY WEEK AT ADDLESHAWFee-earners at Addleshaw Goddard have been asked to work a four-day week on 85 per cent pay. If the proposal is approved by the firm’s lawyers, then the scheme could come on-line for a year, starting on 1 July. The firm is also looking for fee-earners who are willing to take additional [...]
No sign of vertigo as banks take the FTSE 100 higher May 19, 2009 THE FTSE 100 continued its upward momentum yesterday, propelled up by financials and miners, although gains were limited by figures that showed new US housing starts fell to record lows. The index closed 0.8 per cent, or 35.80 points, higher at 4,482.25, with investors showing no sign of vertigo from the recent hefty rises. “Despite [...]
US shares rocked in housing data shock May 19, 2009 THE Dow and S&P 500 slipped yesterday as financial shares sank and on disappointing housing data, but the Nasdaq rose as investors snapped up technology shares ahead of results from Hewlett Packard. After a choppy session, financial shares fell as the US Senate passed a bill to curb sudden credit card interest rate increases and [...]