Stakes raised ahead of crunch day for Europe September 10, 2012 THE Eurozone waits with bated breath as its fate is, once again, in the hands of its divided politicians. After Mario Draghi, European Central Bank (ECB) president, last week announced Outright Monetary Transactions (or OMT) – another acronym to add to the burgeoning Eurozone lexicon – traders were elated, sending shares in European stocks to [...]
US data points to a burst of QE from Ben Bernanke September 10, 2012 FX360 GLOBAL equities rallied sharply last week, with most of the gains coming after the European Central Bank (ECB) president, Mario Draghi, spoke on Thursday. There was nothing in Draghi’s statement that had not been telegraphed to the markets in advance. Nevertheless, investors piled into “risk assets” as the ECB president backed-up his earlier promise [...]
The Tipster | Raise your glass to JD Wetherspoon September 10, 2012 TRADERS have been questioning JD Wetherspoon, after the company’s share price stumbled over the last few weeks. However, there is optimism about the full-year results, due this week, as the European football championships are expected to have helped the pub chain. Shares hit year-highs above 480p in August, and the firm is expected to report [...]
Oil trading on hopes of stimulus September 10, 2012 THOUGH oil is in the middle of a bullish trend, prices find themselves pushed and pulled between potential stimulus measures, that could drive price on the upside, and the threat of oversupply, dragging the price back down. STIMULUS HOPES With weak macro data coming out of China and markets on tenterhooks in anticipation of the [...]
Analyst picks for 11 September 2012 September 10, 2012 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Short Aussie-dollar Expertise: Fundamental and technical analysis Average time frame of trades: 1 day to 1 week Despite the rebound, Aussie-dollar has pulled back to respect a former channel, reversing some of its gains from the Chinese stimulus measures announced last week. Accordingly, topside resistance comes in at Au$1.0350-55 [...]
Retailers report but all eyes on world economy September 9, 2012 THE GLOBAL economy will once again set the tone for the markets this week, with a crucial German ruling on the new bailout fund due on Wednesday and a potential move on QE3 by the US Federal Reserve on Thursday. Greek leaders will today meet with their creditors to outline further austerity measures. And UBS’s [...]
A nice rally while it lasted: Wall St analysts call the top of the market September 9, 2012 AT the start of the historically weakest month for equities there are plenty of reasons to believe stocks may be just about reaching a top – at least in the short term. The S&P 500 has surged 14 per cent this year and is at its highest level in more than four years. Not counting [...]
A new approach to the traditional legal model September 9, 2012 THINK of a sector ripe for an entrepreneur, and law is probably not top of your list. It’s highly competitive – there were 10,202 private practice firms operating in 2011, according to the Law Society – and a complex set of regulations makes applying new business models highly technical. How also to combine the character [...]
Don’t let your money go walkabout – weigh up risks and rewards September 9, 2012 LET me pose you a question. Is it possible that a business investment that returns ten times the money invested could have been a mistake? Before you think the obvious, “No, of course not!”, please read on. Crocodile Dundee is a fantastic movie. It somehow managed to capture the best of the Aussie spirit and [...]
Liberate Isa cash to aim it at SMEs September 9, 2012 SIGNING an e-petition is about as close as the British get to the direct democracy of ancient Athens. And although it’s easy to doubt the efficacy of adding your digital weight behind something that politicians can ultimately ignore, 100,000 signatures will at least mean the issue is considered for debate in the House of Commons. [...]