Hopes the Federal Reserve will extend stimulus lifts US stocks June 19, 2012 US stocks rose yesterday on hopes that the Federal Reserve will agree to extend stimulus measures as the economy struggles to recover and the Eurozone’s debt crisis gets worse. The S&P 500 has gained 7.2 per cent from a five-month intraday low reached on 4 June. The benchmark index closed above its 50-day moving average [...]
Explore beyond limits: Acer sets its sights on emotional branding June 19, 2012 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 37 DAYS TO GO Q What’s your brand’s primary reason for being involved with the Games? A Acer is proud to be the world-wide computing partner of the Olympic movement. We feel we share the Olympic values, and have a deep respect for the sports and its athletes. [...]
The euro may rise despite the crisis June 19, 2012 THE Eurozone is in crisis and it is impossible to argue otherwise. For years, the governments of member states spent more than they were able to collect from their citizens in taxes. So they went to the debt markets to make up the shortfall. The markets took the view that the stronger Eurozone nations would [...]
UK market’s euphoria over Greek vote is short-lived as crisis lingers June 18, 2012 UK equities closed slightly higher yesterday, slipping off one-month highs as initial euphoria after Greek elections reduced the chances of an imminent euro exit quickly gave way to the realisation that the region’s crisis is still far from resolved. Greek conservatives secured a narrow victory over the radical left at the weekend, increasing the likelihood [...]
US tech stock rally stymied by debt fears June 18, 2012 THE Nasdaq advanced yesterday, propelled by a rally in Apple and other big-cap tech stocks, but fears Europe’s debt crisis is in danger of worsening limited broader gains. Positive analyst comments lifted both eBay, up 4.5 per cent to $42.49, and Groupon, up 10.8 per cent at $11.15. Apple accounted for about half the Nasdaq’s [...]
Why traders should not worry about Europe’s plight June 18, 2012 AS THE European markets shrug off another short-lived rally, it is not just the frequency with which the Eurozone is hit by bad news that is striking, but also the speed with which the European markets move from each brief rally to a return to their downward trend. News that Greece’s pro-bailout parties had won [...]
MARKETS LOOK TO THE FED FOR ITS NEXT POLICY MOVE June 18, 2012 Last Friday, equity markets were rallying on rumours that central banks were preparing for coordinated action, should the majority of Greek voters make the “wrong” decision and back the anti-bailout party, Syriza. Yesterday, the major indices gave up early gains following the news that Syriza came a close second to New Democracy. After all, although [...]
Labrokes betting on success June 18, 2012 OVER the coming months, Ladbrokes will be looking for favourable odds. The UK’s largest betting company is likely to benefit from a year packed with international sporting events. A heavily criticised decision to walk away from acquiring 888 Holdings may be a gamble set to pay off. The stock is on an uptrend, so a [...]
FXCM trading masterclass June 18, 2012 On June 22, FXCM will be hosting an exclusive spread betting forex seminar on automated trading – demonstrating the opportunities to simplify and maximise your trading experience using the FXCM platform. Taking place at the Grange Tower Bridge Hotel from 8am-10am, the seminar will look at automated trading as a way of taking the hassle [...]
Analyst picks for 18 June 2012 June 18, 2012 CURRENCY STRATEGIST JOEL KRUGER My pick: Buy dollar-Japanese yen Expertise: Technical analysis Average time frame of trades: 1 day to 1 week We continue to see this market very well supported into additional setbacks, with the greater risk of the formation of a major longer-term base, after setting record lows in 2011. As such, any [...]