keep one eye on any move in the dax October 24, 2011 EQUITIES staged a strong rally towards the end of last week. The move took a number of stock indices back up through significant resistance levels. The FTSE 100 broke above its 100-day moving average, around the 5,500 mark, while the major US indices behaved with even greater bullish conviction. A few pieces of better-than-expected economic [...]
THE TIPSTER October 24, 2011 THE tobacco firms have been popular defensive plays in the recent uncertainty, but with global economic sentiment rallying – at least temporarily – the risk has to be that stocks like this start to lag. However, British American Tobacco has an interim management statement due on Wednesday that will doubtless provide further reminders over the [...]
Three ways to limit your trading losses October 24, 2011 THE financial markets might be nervous and jumpy, but you don’t need to be if you’re thinking about learning to trade. There are plenty of ways to limit your losses. Here are our top three tips from the experts. 1. KEEP YOUR EMOTIONS IN CHECK Jamieson Blake of Capital Spreads says: “Emotional psychology is one [...]
Football clubs on side in support of the economy October 24, 2011 UNTOLD ink is expended on the trials and tribulations of England’s football clubs. Public houses would be thrown into silence without our national pastime and fervent worshippers spend money hand over fist to prove their allegiance to their club. Yet this national obsession is all too rarely thought about as the economic powerhouse it is. [...]
BALANCE RISKS TO OUTPERFORM BY REPUTATION October 24, 2011 WHAT a summer of sport we’ve seen. And with the handover of the Rugby World Cup baton on to England for 2015, the UK hosting of the 2012 Olympics, and not forgetting the Commonwealth Games in Glasgow in 2014, there hasn’t been a better time to be involved the sports, leisure and entertainment (SLE) world. [...]
Chinese manufacturing data starts a busy week October 23, 2011 THIS is set to be a busy week as market participants get to grips with a pile of economic data, US corporate earnings and the second act of the EU summit this Wednesday. CHINA MANUFACTURING PMI The first thing to confront traders this morning will be China’s HSBC Flash Manufacturing PMI. This can be a [...]
WALL STREET WEEK AHEAD October 23, 2011 PROSPECTS for corporate earnings are dimmer in the coming quarters – even though reports so far this quarter have been relatively bright. Third-quarter reports among the big names have been reasonably solid, with Google, McDonald’s and others reporting strong results. But, unless there’s a turnaround in the outlook for the US economy, the next few [...]
Oil prices in a fierce tug of war October 23, 2011 DIFFERENT VIEWS ON WHETHER THE OIL PRICE IS GOING UP OR DOWN – CRAIG DRAKE IS UNSURE, LIOR ALKALAY IS BULLISH CRUDE prices fell last week on the assumption that the demise of Muammar Gaddafi would have the magical effect of freeing up oil supplies. Gaddafi’s welcome demise is hopefully a sign that Libya will [...]
THE WEEK AHEAD October 23, 2011 COMPANY NEWS ● Tomorrow, BG and BP announce third-quarter results. The tide might just be turning for BP – its run of bad news is dissipating somewhat on the news of new North Sea investments. Royal Dutch Shell announces on Thursday. ● Reckitt Benckiser announces tomorrow. The world’s largest producer of household products, which is [...]
THE TIPSTER October 23, 2011 THE week ahead could prove to be the most crucial in the relatively short history of the continent’s common currency. We now know that banks will have to raise capital – but markets are still hoping for news of just how much money the better-funded elements of the Eurozone are prepared to throw at the crisis. [...]