Financials under pressure as Greek default fears rekindled January 9, 2012 BRITAIN’S FTSE 100 closed down yesterday with financials under pressure after a warning by German Chancellor Angela Merkel reignited fears of a Greek default, while GlaxoSmithKline fell on worries over its key lung drug Relovair. London’s blue chip index closed down 37.42 points or 0.7 per cent at 5,612.26, with volumes just 88 per cent [...]
US stocks up amid cautious investing January 9, 2012 US stocks ended slightly higher yesterday in a light-volume session as investors stayed cautious ahead of corporate earnings and key auctions for European debt this week. Alcoa advanced 0.8 per cent to $9.50 in extended trading after the largest US aluminium producer reported fourth-quarter revenue that beat Wall Street expectations, though a plunge in aluminium [...]
A slippery time ahead for oil prices January 9, 2012 CONTINUED geopolitical issues in Iran and its stand-off in the Strait of Hormuz has pushed up oil prices over fears of a threat to supply, but will global economic weakness be enough to take the edge off these rises in the long term? SHORT TERM FEARS “Crude traders were of course spooked by the escalating [...]
THE TIPSTER January 9, 2012 THE retail festive sales reports are in full swing but today sees not just an ordinary update – this is a Marks and Spencer update. Expectations are for good food sales and based on a strong performance from fellow high street staple Next last week, the clothing side is expected to be none too shabby [...]
Analyst picks for 10 January 2012 January 9, 2012 QUANTITATIVE STRATEGIST DAVID RODRIGUEZ My pick: Sell euro rallies into $1.3000 Expertise: System trading Average time frame of trades: 2 to 10 weeks Market sentiment is incredibly one-sided, as non-commercial futures traders are their most net-short euro-dollar on record. Yet the trend is down until it isn’t, and I like selling euro strength as long [...]
WALL STREET WEEK AHEAD January 8, 2012 STOCKS have strayed from their recent link to euro moves, and the start of US corporate earnings next week could help shift investor focus back to US fundamentals from Europe. Stocks have traded in line with the euro over the autumn, with both experiencing sharp swings on headlines from the Eurozone. That trend may be [...]
Charting on the move is the smart way to trade January 8, 2012 THE cyberspace race of mobile trading technology continues apace, with GFT announcing the release of an iPad version of its DealBook trading platform. GFT’s iPad offering includes full-screen charting, real-time quotes and real-time news via CNBC. The many and varied ways a spread betting provider can help trading on the move has become a key [...]
THE TIPSTER January 8, 2012 PLAYING ball on Tuesday will be Goals Soccer Centre – letting their fans have a peek at their post close trading update for the year. After seeing a sharp decline when the outdoor football centre reported a softer than expected trading period last time, can they move up the league with a better than expected [...]
Vestra’s classic formula: Your assets, your choice January 8, 2012 AT THE end of a High Court case, and with the banking system falling apart around us, I thought this had to be either the end of the business or the beginning of something good,” says David Scott, the founder of the mid-sized wealth management firm Vestra Wealth. “But the thing was, I had invested [...]
YOUR COUNTRY NEEDS YOU ON THE INTERNET January 8, 2012 TO DELIVER a major kickstart to the economic recovery we need to get British businesses working better online. 2012 is set to be one of the toughest economic environments in recent history – and our economy depends on the survival of our small businesses. Young businesses are the firms with the most potential to create [...]