Wall Street flat after two day storm closure October 31, 2012 THE US stock market slowly returned to life yesterday after two days in the dark, in the wake of the massive storm Sandy that caused the market’s first weather-related two-day closure since the late 19th century. The Dow and the S&P 500 closed little changed while the Nasdaq Composite edged 0.4 per cent lower in [...]
Bad day for BG Group and Barclays helps send FTSE 100 into the red October 31, 2012 UK shares fell yesterday, ending the month on a down note as a string of gloomy earnings and outlooks from firms such as Barclays and GlaxoSmithKline weighed on sentiment. The FTSE 100 was down 1.2 per cent, or 67 points, at 5,782.70 at the close, more than shedding the previous session’s gains, led down by [...]
Changing profession could inject life into your career October 31, 2012 A RECENT survey of 1,500 professionals by the recruitment firm Marks Sattin found that 52 per cent anticipate changing jobs within the next year. And some want to go further. A complete change in career at some point in a professional life is increasingly normal. Of course, people switch for a variety of reasons: they [...]
Jobs of the week October 31, 2012 GLOBAL EQUITY SALES SPECIALIST LONDON £150k-£250k pa, plus bonus An independent private equity house is looking for a global equities specialist. This is a high-level position and only experienced candidates need apply. http://jobs.cityam.com/job/5600 CAPITAL MARKETS INTERNAL AUDITOR LONDON £55k-£70k pa A major investment bank seeks a senior manager to join its rates and credit internal [...]
NYSE expected to re-open for trading today October 30, 2012 THE US stock market was closed for a second straight day yesterday as cash equity trading was cancelled in the wake of Hurricane Sandy. Yesterday’s shutdown was the first time weather had resulted in a two-day market shutdown since the Great Blizzard of 1888. Exchanges expect to reopen today. NYSE Euronext said the New York [...]
Strong BP results fuel FTSE to a one per cent jump amid weak volumes October 30, 2012 BRITISH blue-chip index posted its biggest gain in two weeks yesterday after BP’s earnings topped forecasts, although volumes were among the lowest this year as US markets stayed shut. BP shares topped the FTSE 100 gainers, jumping 4.2 per cent after the oil giant lifted its dividend and delivered better-than-expected third-quarter earnings. The index closed [...]
Bond opportunities are still emerging October 30, 2012 IF YOU are on the hunt for strong and diversified returns from emerging markets, local currency denominated debt can give you solid exposure to attractive yields. Until the 1990s, due to poor liquidity and low transparency, emerging market debt was issued only in hard currencies, predominantly the US dollar. But many emerging markets now run [...]
Unemployment targeting by the Fed could see equities move upwards October 30, 2012 AS WE approach the release of the final US employment report before the presidential election, we’ll see plenty of analysis about both the recent decline in country’s unemployment rate and the health of its overall economy. Yet, if you look at more frequently-released data, like weekly unemployment insurance claims, the jobless rate has fallen by [...]
Europe hurt by fears over the storm’s impact October 29, 2012 EUROPEAN stocks fell yesterday, led by insurers on expectations a huge hurricane in the United States would boost damage claims, while political jitters in debt-laden Italy cast shadows on the Eurozone. Reinsurers Swiss Re and Hannover RE led a weaker European insurance sector index as the market tried to predict the cost of cleaning up [...]
UK stocks dip as Hurricane Sandy hits insurers and energy shares October 29, 2012 BRITAIN’S leading shares dipped in low volume yesterday as concerns over the costs of Hurricane Sandy in the United States added to uncertainties about future corporate earnings. Many investors were sticking to the sidelines ahead of a pick-up in the UK third-quarter earnings season this week, notably from the energy and banking sectors. Insurers were [...]