Miners and Eurozone politicians take the shine off the FTSE 100 August 22, 2012 MINERS left Britain’s top share index nursing sharp losses yesterday after BHP Billiton’s results offered a bleak outlook for the sector, while other cyclical stocks were weaker as Greek and European officials met on the Eurozone debt crisis. London’s blue chip index was down 83.32 points, or 1.4 per cent, at 5,774.20. Cyclical stocks such [...]
Lacklustre data and fears over Greece hurt US August 22, 2012 THE S&P 500 erased earlier losses to close flat yesterday after minutes from the latest Federal Reserve meeting indicated the central bank might be ready for another round of stimulus. Minutes from the 31 July to 1 August meeting suggested the Fed is likely to deliver another round of monetary stimulus “fairly soon” unless the [...]
Think twice before taking your MBA in Asia August 22, 2012 EMERGING markets in Asia are churning out MBA graduates in record numbers, and they’re as qualified as they are numerous. TopMBA.com, which measures how companies perceive business schools, saw employer demand for graduates from Indian schools increase by 24 per cent in 2011. It isn’t an isolated trend – emerging market professionals are taking MBAs [...]
Eurozone chatter helps lift the FTSE 100 in very light volumes August 21, 2012 BRITAIN’S top share index advanced yesterday in light trade, led up by miners and banking stocks, as investors speculated as to how Eurozone policy makers would tackle the region’s debt crisis. The FTSE 100 ended up 33.15 points, or 0.6 per cent, at 5,857.52, having shed 0.5 per cent on Monday, in volume at around [...]
S&P 500 index hits a four year intraday high August 21, 2012 US stocks fell yesterday after the S&P 500 hit its highest level in four years as the benchmark index faced technical resistance and traders cashed in recent gains. The S&P 500 index hit 1,426.68, its highest intraday rise since May 2008. Volume has been light, as expected in August, and only three of the past [...]
Wall Street flat after six week rallying boom August 20, 2012 US stocks were flat yesterday, on signs of fatigue after a six-week run of gains, as the European Central Bank quelled speculation about the form of market intervention that may be taken to stem the region’s debt crisis. Despite the lethargic trading, Apple shares hit a new high, becoming the most valuable public company of [...]
FTSE slides lower as commodities and banks hit by economic worries August 20, 2012 BRITAIN’S top share index fell yesterday, easing further from four-month highs hit last week, weighed by a slide in banks and commodity stocks as expectations for stimulus measures in China and Europe took a slight knock. The European Central Bank sought to quash speculation about the shape of its new bond-buying plans and the Bundesbank [...]
Even dead cats can bounce back to life August 20, 2012 WHEN things go disastrously wrong, the market is always ready to obliterate a stock. It could be because of mistakes made in a company’s operations, as in the case of Carnival earlier this year when one of its liners ran aground off Italy’s west coast. It could be like Facebook’s IPO, where the price rose [...]
China and Us data fail to corrode Qe speculation August 20, 2012 FX360 THE Dow and S&P 500 are both within spitting distance of the highs achieved earlier this year. It will only take a small push for both indices to surmount these heights. After that hurdle, the bulls will have their sights on the pre-financial crisis levels of 2007 – around 14,200 and 1,575 for the [...]
THE TIPSTER | Diageo set to toast sales August 20, 2012 THE international spirits maker and brewer, Diageo, will report earnings on Thursday. Currently on the cusp of buying Jose Cuervo tequila, the share price has increased by 13 per cent over the last six months and 50 per cent year-on-year. As with its last earnings report, it appears that the majority of revenue for the [...]