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Money

  • FTSE underperforms as BP weighs on a market awaiting Europe news

    September 5, 2012

    BRITAIN’S benchmark share index fell to its lowest level in more than a month yesterday, underperforming gains on rival European stock markets, as BP slumped after the 2010 Gulf of Mexico oil spill returned to haunt the energy company. Nerves ahead of a European Central Bank meeting today, with the ECB under increasing pressure to [...]

  • FedEx outlook stokes bearish US sentiment

    September 5, 2012

    US stocks closed out a second straight session of thin trading yesterday, with investors reluctant to make big bets ahead of a crucial meeting of the European Central Bank, which could announce new policies to help contain the Eurozone’s debt crisis. Media reports that European policymakers would unveil a bond-buying plan to bring down crippling [...]

  • FTSE loses 1.5pc with investors not holding breath over ECB’s summit

    September 4, 2012

    BRITAIN’S top share index fell yesterday reflecting investor uncertainty over whether this week’s key European Central Bank (ECB) meeting will deliver the goods on a hoped for bond-buying scheme designed to ease the euro debt crisis. The FTSE 100 closed down 86.40 points, or 1.5 per cent, at 5,672.01, ending back below the 5,700 level [...]

  • US markets await action in Eurozone

    September 4, 2012

    THE S&P 500 and the Dow Jones industrial average closed slightly lower yesterday as investors continued to await clarity on European Central Bank plans to shore up heavily indebted countries, but the market ended off its lows on a rally in Apple shares. The Dow Jones was down 54.90 points, or 0.42 per cent, at [...]

  • FTSE breaks four-day losing streak on hopes of Chinese fiscal stimulus

    September 3, 2012

    UK blue chips broke a four-day losing streak in thin volume yesterday as mining stocks rallied on speculation about new economic stimulus from the world’s top metals consumer, China. Mining shares rose 1.3 per cent after weak manufacturing data from China raised expectations that Beijing would launch new monetary stimulus measures to revive its economy. [...]

  • Bulls pin hope on ECB despite negative data

    September 3, 2012

    EUROPEAN stocks ended higher yesterday, extending the previous session’s rally as investors’ hopes of further stimulus from central banks overshadowed grim manufacturing data from China and Europe. The FTSEurofirst 300 index of top European shares ended 0.8 per cent higher at 1,091.61 points, with the index experiencing its lowest trading volumes since last December’s Christmas [...]

  • Elusive Draghi set to keep us waiting

    September 3, 2012

    PREDICTING what central bankers will say, when they will say it – or even whether they will show up to deliver a speech – is becoming an inane pursuit. The banker in question is the elusive Mario Draghi, president of the European Central Bank (ECB), who was to deliver a speech at the European Parliament [...]

  • Summer‘s Sun is fading as autumn‘s reality sets in

    September 3, 2012

    THE US markets reopen today after a long holiday weekend. Yesterday’s Labor Day marked the end of summer in the US, and of course the first week in September is when the UK and Europe also gets back to work. Even our politicians return to Westminster, although perhaps it would be better for all of us [...]

  • The Tipster | WM Morrison may get shopped

    September 3, 2012

    THIS week, supermarket chain WM Morrison will announce its latest half-year numbers for 2012. Expectations are for a decline as a result of fiercer competition in its northern heartland. CMC Market’s price on WM Morrison is 276.97-277.63p. Transport firm Go-Ahead reports full-year figures on Thursday, and the general expectation is that the trains and buses [...]

  • Gold bugs should remain patient

    September 3, 2012

    For months, it was as if the gold price only had eyes for the US Federal Reserve chairman Ben Bernanke. This perception was reinforced as the markets reacted to his speech at Jackson Hole last week, sending the yellow metal to five-month highs. In his speech, Bernanke stopped short of announcing another round of easing. [...]

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