FTSE sees big intra-day swings on varied reports December 11, 2011 WE continue to experience big intra-day swings in equity markets. Last week, the FTSE 100 broke above resistance at 5,600 (the 61.8 per cent Fibonacci Retracement of this year’s May-to-August sell-off) on three separate occasions. It went on to briefly test resistance at its 200-day moving average around 5,630 although it fell back sharply from [...]
WALL STREET WEEK AHEAD December 11, 2011 ON top of Eurozone debt troubles, Wall Street now has to worry about sagging sales from Europe as a recession in the region seems more likely. Warnings from companies such as chemical maker DuPont and chip maker Texas Instruments suggest the crisis may already be taking its toll on corporate America. While holiday shopping has [...]
Testing trading systems December 11, 2011 WHILE sitting in front of a screen, clicking on buy buttons for stocks that you think are about to turn green and selling the ones that you have a hunch are going to turn red is good fun, it is also a quick way to burn through your cash. If you still want to be [...]
THE WEEK AHEAD December 11, 2011 COMPANY NEWS ● Betfair Group will announce its interim results tomorrow. The sports-focused online gambling exchange is betting on seeing the numbers in their favour. ● Domino Printing Sciences will announce its preliminary results tomorrow. The company is lasered in on industrial printing equipment. Carpetright, Britain’s largest carpet retailer, will also roll out its preliminary [...]
THE TIPSTER December 11, 2011 THERE was no end to the chaos and disorder in the markets last week as tape bombs from Europe continued to cream most traders’ positions. Crude oil traders seem to have lost their seemingly insatiable appetite to push prices above $100, as they slid back to $98 towards the end of the week – possibly [...]
Exchanging a career for entrepreneurial success December 11, 2011 DID anyone try to discourage you from starting the business? I ask Rupert Lee-Browne, the founder and chief executive of foreign exchange company Caxton FX. “No,” he says resolutely. “Well, they probably did, but I wouldn’t have listened,” he laughs. Lee-Browne, who describes himself as a “rubbish worker,” always had “an itch” to start something [...]
HOW TO DEFEND INTELLECTUAL PROPERTY December 11, 2011 PROTECTING your intellectual property (IP) is crucial to the success of your business. No matter what profession you are in, you need to ensure that your originality is safeguarded from theft by utilising the four main IP rights that exist to help defend your intellectual property: patents, trademarks, design rights and copyright. As an inventor, [...]
US stocks fall on fears over Europe December 8, 2011 US stocks fell on yesterday after cautious remarks from European Central Bank President Mario Draghi about more bond purchases to ease the region’s debt crisis. The ECB said it would offer further liquidity measures to help ease the region’s debt crisis, but Draghi said: “the outlook remains subject to high uncertainty and substantial downside risks.” [...]
Jitters ahead of euro summit and downgrades sink FTSE December 8, 2011 BRITAIN’S top shares sank to their lowest close in more than a week yesterday, having endured another choppy session, as investors jostle for position ahead of a crucial European Union summit outcome today. Sentiment was hurt when European Central Bank president Mario Draghi cooled market expectations about the prospect of an acceleration in ECB bond [...]
FTSE see-saws on doubt over outcome of summit December 7, 2011 BRITAIN’S top shares fell yesterday after comments from a German government official eroded optimism about a comprehensive deal to solve the Euro zone’s debt crisis at this week’s crunch EU summit. The FTSE 100 index ended down 21.81 points, or 0.4 per cent, at 5,546.91, after a choppy day when the index hit an intra-day [...]