No holiday in sight for Club Med debtors October 30, 2011 KATHLEEN BROOKS | FOREX.COM Italy’s debt auction on Friday reminded us that the Eurozone’s third largest economy is still its weakest link. It had to pay the highest price since joining the euro-area to sell 10-year bonds, as investors’ charged a higher risk premium to hold Rome’s debt, 6.06 per cent. So far this year [...]
Euro exuberance pushes the FTSE near three-month high October 27, 2011 BRITAIN’S top share index jumped to a near three-month high yesterday as bullish investors uncorked their champagne bottles and toasted Europe’s plan to tackle its debt crisis. The upbeat news from Europe boosted appetite for riskier assets such as banking and commodity stocks, which helped the UK’s benchmark index surge 160.58 points or 2.9 per [...]
Best month in 37 years for the S&P October 27, 2011 US stocks surged three per cent yesterday as an agreement by European leaders to help contain the region’s two-year debt crisis lifted a cloud hovering over markets. Optimism that a deal would be struck to prevent widespread financial distress fueled the market’s rebound in October. The S&P 500 is up more than 13 per cent [...]
FTSE 100 climbs on hopes EU summit will tackle crisis October 26, 2011 BRITAIN’S leading share index last night reached its highest closing level for two-and-half months. Defensive stocks performed well as investors awaited the outcome of a European Union summit, which opened last night, to resolve the two-year-old sovereign debt crisis. Investors also rewarded companies reporting strong figures in a patchy quarterly results season, with BG Group [...]
Hopes from across pond support rally October 26, 2011 US stocks rose yesterday as the slow progress from European leaders in resolving their debt crisis was enough to satisfy investors, even if early reports from an EU summit were short on detail. The Eurozone aims to leverage its €440bn bailout fund “several fold,” but details are not expected until November, according to a draft [...]
Unhappy? You should get into the rat race October 26, 2011 Rush: why you need and love the rat race BY TODD G. BUCHHOLZ PENGUIN I MADE a mistake. I changed my mind,” says the first line of former White House adviser and hedge fund manager Todd G. Buchholz’s new book, Rush: Why You Need and Love the Rat Race. “Several years ago I began to [...]
Vanguard’s in the lead with its lower fees October 26, 2011 EVERY fund provider claims to be different, but unlike most, Vanguard really is. Founded in 1975 by legendary investor Jack Bogle, Vanguard’s investment philosophy is ingrained in its unique structure. As Tom Rampulla, the UK’s managing director says: “We are the only ‘mutual’ mutual fund company in the world.” Vanguard’s investors effectively own the company. [...]
What to look for in a Junior Isa provider October 26, 2011 JUNIOR Isas are a replacement for Child Trust Funds. Parents and guardians will be able to open a Junior Isa from 1 November 2011, while anyone else is allowed to contribute to it. Eligible children are those born before 1 September 2002 and after 2 January 2011. Tuesday’s launch will offer a tax-free way to [...]
The Big Bang silenced the FX traders October 26, 2011 TODAY marks the 25th anniversary of the Big Bang – the deregulatory measures put in place on 27 October 1986 by Margaret Thatcher’s government – measures that changed the landscape of the UK’s financial sector forever. According to Tony Moulange, senior business development manager for Colt, the Big Bang flipped the status quo on its [...]
Merkel helps send FTSE into retreat October 25, 2011 MINERS and banks retreated as Britain’s FTSE 100 fell yesterday after comments from the German chancellor led to concerns over how far European leaders would go to solve the region’s debt crisis. Chancellor Angela Merkel said Germany opposes a phrase in a draft conclusion for today’s EU summit that calls for the European Central Bank [...]