Traders keeping a close eye on FTSE after drop to 5,100 November 27, 2011 GLOBAL equities continued to tumble last week with many indices crashing through technical support areas. At the start of the week, the FTSE gapped below its 50-day moving average around 5,350 and went on to trade below 5,100 briefly on Friday. This level is not only psychologically significant, but also important in technical terms. It [...]
WALL STREET WEEK AHEAD November 27, 2011 US investors came to the Thanksgiving holiday table on Thursday mostly thankful that the week was a short one, or losses could have been larger. As another round of news and bond auctions from Europe begins this week, traders will watch closely sovereign bond yields that have kept markets on edge. Yields rose in almost [...]
Osborne to find cash for UK builders November 27, 2011 TOMORROW, George Osborne will deliver his Autumn Statement, supposedly focusing on economic growth. There will also be fresh data on government finances from the Office of Budget Responsibility. The statement is likely to contain a mixture of bad news for taxpayers as well as government subsidy for pet ideas. It is unlikely to contain anything [...]
THE WEEK AHEAD November 27, 2011 COMPANY NEWS ● London headquartered conference organiser ITE Group will announce its preliminary earnings for 2011 tomorrow. ● Britvic will announce its preliminary earnings results on Wednesday. The Chelmsford-based soft drinks manufacturer will be hoping that its earnings have a bit of fizz. ● Marston’s Brewery is also set to announce its full-year results on [...]
THE TIPSTER November 27, 2011 MARKETS rarely go up or down in a straight line and why should the FTSE be an exception? Ten straight days of negative closes has left the FTSE 100 looking pretty oversold. Although sovereign debt concerns still hang over the market like a dark shadow, equities could experience a sharp pull back in coming days. [...]
Candlestick charts are a leading light November 27, 2011 CANDLESTICK charting has stood the test of time, with Japanese rice merchant Munehisa Homma (1724-1803) credited as its founder. As a model of price movements, candlesticks are an elegant means of displaying complex information. The candle or “real body” marks a price’s opening and closing positions for a given time period, while the thin wick [...]
Finding the way to make internet content pay off November 27, 2011 ALMOST every Brit has heard of Kelvin MacKenzie: the opinionated, controversial editor of the Sun newspaper in the 1980s and early 1990s who went on to become a succesful media entrepreneur. His son Ashley’s story however is also interesting – and comparatively little known. Unlike the rest of the MacKenzie family, he did not become [...]
A NEW BREED OF VC FUNDS IS THE UK’S BEST FRIEND November 27, 2011 ALL we ever seem to hear these days is that the UK venture capital market is behind the US venture capital market. Yet direct comparisons between the two is not always helpful. The US venture capital market is about 30 years old. By contrast, the UK (and European) venture capital market is only in its [...]
FTSE sees longest slide in nine years November 24, 2011 THE UK’s blue-chip share index ended lower for the ninth consecutive session yesterday in its worst run since January 2003 after Germany reiterated its opposition to the use of euro bonds or monetary tools to help solve the Eurozone’s debt crisis. Following a meeting with the leaders of France and Italy, German chancellor Angela Merkel [...]
Sixth day of falling stock November 24, 2011 EUROPEAN shares fell for the sixth consecutive session in low volume yesterday after German Chancellor Angela Merkel restated her position against changing the role of the European Central Bank to ease the Eurozone debt crisis. The market trimmed gains after the comments by Merkel about the ECB as well as remarks that she remained opposed [...]