S&P maintains upward shifts on low trading August 15, 2012 US stocks spent another session in a tight range yesterday, with the S&P 500 ending a few points higher and extending a rally that seems to be happening in slow motion. The benchmark S&P 500 index finished just a hair away from its highest close in three months, but with earnings season winding down and [...]
FTSE rises on hope of stimulus and jumps in bank and energy stocks August 14, 2012 STRENGTH in risk-sensitive energy and financial stocks hauled Britain’s leading share index higher yesterday, as investors continued to focus on hopes for fresh stimulus measures from central banks to spur global growth. These hopes were balanced by second-quarter GDP data from France and Germany which came in above forecasts, easing concerns about the Eurozone’s two [...]
Retailers pick up during light Wall St trading August 14, 2012 US stocks ended little changed yesterday in what investors described as a fatigued market after the S&P 500 rose in seven of the past eight sessions. Retailers were a notable standout after Home Depot raised its profit forecast due to improvement in the housing market and US retail sales data that was stronger than expected, [...]
US stocks dip on Japanese growth data August 13, 2012 US stocks ended slightly lower yesterday as fatigue set in after a six-day rally and disappointing Japanese growth data provided a fresh reminder of the headwinds facing the global economy. The benchmark S&P 500 index had risen three per cent over the prior six sessions, its longest rally since December 2010. But gains had slowed, [...]
FTSE falls as market shows caution over further economic slowdown August 13, 2012 BRITAIN’S top shares fell in thin volume yesterday while investors were unnerved by signs the global economic slowdown is deepening and Europe’s response to its debt crisis may face political hurdles. Cyclical mining and oil & gas stocks weighed after data showed Japan’s economy expanded at half the pace expected in the second quarter and [...]
Equity Indices reliant on Central Bank Action August 13, 2012 LIKE a petulant schoolchild, it’s about this time in the summer holidays when the equity markets run out of steam and sit around lethargically complaining of boredom. Yesterday was a slow trading day, with all exchanges seeing their lowest volumes of 2012 so far. “With most of the FTSE 100 biggies having reported already, any [...]
Sterling could win from London’s Olympic success August 13, 2012 FX360 HOSTING the Olympics is an honour for both the city and the country where it is held. One of the major benefits is the financial investment – sporting facilities are built or upgraded, public transport is overhauled, and businesses flock to the area. But what happens after the stadiums empty and the medals are [...]
THE TIPSTER | Talvivaara wants to finish a bad Run August 13, 2012 SHAREHOLDERS of Finnish miner Talvivaara won’t like looking at a chart for the year – it shows a continuation of 2011’s sharp downtrend. The share price has recently plunged to new depths. Continual forecast downgrades and worries about commodity prices have hurt the stock, and it will take a significant turnaround in outlook for the [...]
Trading on your relative strength August 13, 2012 YOU will often hear a stock or instrument being described as overbought or oversold. However, neither has a definition that is set in stone. You could have the most flea-bitten company listed on the London Stock Exchange and it could still be oversold and worth a buy. On the other hand, household names, such as [...]
Analyst picks for 13 August 2012 August 13, 2012 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Short Aussie-dollar and Aussie-Kiwi dollar, long dollar-yen Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few days Shorts were added to my existing Aussie dollar-dollar position, raising the average to $1.0585. The commodity currencies (the Australian, Canadian and New Zealand dollars) appear [...]