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. [...]
Analyst picks for 3 September 2012 September 3, 2012 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Short Aussie-dollar Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few days We remain short on the burdened Australian dollar, which is set to see a wave of disappointing data over the coming days. The Reserve Bank of Australia (RBA) meets today, [...]
UK focus on ECB meeting outcome September 2, 2012 THURSDAY will be the highlight of the week for economists, with all eyes on results of the European Central Bank policy meeting. While the market waits to hear the latest plans to fix the Eurozone’s debt problem, the Bank of England will also be announcing its latest interest rate decision and asset purchase plan. However, [...]
More volume is likely as a new month begins September 2, 2012 MARKING the end of the summer doldrums, Wall Street is likely to kick off September with heavy trading volume while it hopes that the European Central Bank will hint at further stimulus measures to boost the global economy. On Friday, US Federal Reserve Chairman Ben Bernanke said that the central bank stands ready to bolster [...]
Top tips for investment first-timers September 2, 2012 IF YOU’RE lucky enough to find that you’ve got money left at the end of each month, the investment decisions you make now could make a big difference to the quality of the rest of your life. However, deciding how you invest isn’t easy. At a time of stock market volatility, negative real returns from [...]