FTSE loses almost all its 2012 gains on renewed fears for the Eurozone April 10, 2012 BRITAIN’S top share index plunged yesterday to surrender almost all its remaining 2012 gains, led by falls in risk-sensitive miners, oils, and banking stocks after last Friday’s weak US jobs data undermined global economic expectations. The FTSE 100 index closed down 128.12 points, or 2.2 per cent, at 5,595.55, its second biggest percentage fall of [...]
Slide worsens across the US stock markets April 10, 2012 THE SELL-OFF in US stocks accelerated yesterday, as the Dow and S&P 500 dropped for a fifth day, with the pullback coming on the cusp of earnings season. The Dow Jones industrial average lost 213.66 points, or 1.65 per cent, to 12,715.93 at the close. The Standard & Poor’s 500 Index dropped 23.61 points, or [...]
Sterling bulls shouldn’t charge before they look April 10, 2012 DESPITE last week’s stronger than expected UK macroeconomic data suggesting that the economy was in a better state heading into the second half of the year, the outlook remains mixed for the pound against its dollar and euro pairs. While a position against the common currency remains the best way for sterling bulls to profit, [...]
Looking out for a sign of further quantitative easing April 10, 2012 VOLATILITY has returned to the forex market on the back of last week’s US macroeconomic news, adding to uncertainty about the US recovery. The Federal Reserve says it does not see the need for further quantitative easing (QE3) at this time, with the Fed’s shift to a more hawkish bias due to a string of [...]
The global supply chain bringing every part of the Games to the UK April 10, 2012 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 107 DAYS TO GO Q What was your brand’s primary reason for being involved with the Games? A To showcase our complete supply chain capability. The Games is the largest peacetime logistical event that’s ever staged. The supply chain is extremely complex, it covers air, ground, customs brokerage, [...]
The week ahead could offer signs of recovery April 9, 2012 THE Easter Bank Holiday may have shortened the week, but the market may not be short on volatility. Given the lack of major economic and corporate announcements, this week, volume could well be below average. However, traders would be unwise to take their eyes off the ball. It is usually at times like these that [...]
Dow and S&P both end lower for fourth day April 9, 2012 THE Dow and the S&P 500 extended losses to a fourth day yesterday, as investors took their cues from last week’s disappointing jobs report, which raised fresh concerns about the US economy’s recovery. Despite yesterday’s declines, the Dow industrials and the S&P 500 ended above their session lows. But trading has been choppy in recent [...]
A new tax year: Start it as you mean to go on April 9, 2012 GOOD intentions are rarely in short supply, but most people are running huge deficits in acting on them. As always, the lead-up to the end of the last financial year saw a last-minute flurry of activity, with people rushing to sort out their tax, pensions and Isas. Old habits die hard, but it would pay [...]
Getting to grips with the all-new MetaTrader April 9, 2012 THE latest version of the MetaTrader platform has been launched in the UK. MetaTrader 5 offers a raft of new features, designed with the aim of making the professional trading experience available to the retail trader (see below, right). Alpari is one of the first to offer the latest incarnation of the MetaTrader platform. “MT5 [...]
LONG TERM INVESTING IS NO GUARANTEE OF WEALTH April 9, 2012 DIRECTOR OF CURRENCY RESEARCH, GFT THE other day I saw a chart that astounded me. It was a simple chart of the Dow Jones Industrial Average over the past 20 years against a single upward sloping line. The line gently rose at about 6 per cent per year (which is the average historical compounded rate [...]