Wall St edges up despite fear over Europe October 20, 2011 THE Dow and Standard & Poor’s 500 rose slightly yesterday after a joint statement by France and Germany eased some jitters over resolving the Eurozone debt crisis. Throughout much of the session stocks see-sawed between gains and losses as investors reacted to a flood of headlines about efforts to deal with debt-laden Eurozone states. France [...]
Find out if you can cut it as an arcade trader October 20, 2011 MATT Silvester is head of training on the Professional Trader Programme at Schneider Trading Associates. He sees himself as a sergeant-major figure – weeding out the weak and cultivating those who have what it takes to sit at the arcade – a facility that provides support to independent traders. The initial programme lasts for four [...]
Overwhelmed? Sometimes you have to say no October 20, 2011 LIKE plenty of others in the City, Julie Meyer is a busy lady. Ever since she appeared on the BBC’s online Dragons’ Den she’s been bombarded with requests from everyone: entrepreneurs who want investment, businesses who want her to join their board and pesky journalists wanting quotes. All that, of course, on top of her [...]
Investors spooked by Eurozone fears October 19, 2011 US stocks fell yesterday as traders, after sitting on their hands for most of the day, jumped to sell in a hair-trigger reaction to fresh reports underscoring that Europe remains far from a solution to its debt crisis. In a repeat of a now-familiar pattern, traders capitalized on headlines emerging late in the trading day, [...]
Time to debunk the silly myths about personal credit ratings October 19, 2011 A BAD credit rating is the financial equivalent of a six-year hangover. We should fear them. They can stop you getting a mortgage, new car and leave your credit card trapped on a crippling interest rate. But a lot of what is said about them is rubbish. For example, 71 per cent of people still [...]
Achieving best execution of FX trades October 19, 2011 AS EUROPEAN regulatory authorities move to regulate the execution of trades in other financial instruments, forex still operates outside of these regulations. But does it need to be regulated in order to achieve improved execution? The European Commission will today publish a proposal for a review of the Markets in Financial Instruments Directive (Mifid 2), [...]
Britain’s FTSE gets fillip from debt crisis hope and earnings October 19, 2011 BRITAIN’S leading share index closed higher yesterday, buoyed by financials on fresh speculation of a game-changing response to the Eurozone debt crisis at a weekend meeting of regional leaders. Forecast-beating earnings from the likes of spirits group Diageo also helped drive the move, although concerns about growth continued to come through in other results, for [...]
A new faction contesting the foundations of how to invest October 19, 2011 Q. Why are you called The 300 Club? A. This refers to the 300 Spartans who stood against an invading Persian army at Thermopylae. The group went there even though they did not have the support of Sparta or of the other Greek cities. These Spartans understood the risks, but they still decided to make [...]
Lloyds is harnessing the 2012 Games as a transformational opportunity October 18, 2011 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 282 DAYS TO GO Sally Hancock sets out why Lloyds Banking Group became a partner of the 2012 Olympics Q. What was your brand’s primary reason for being involved with the Games? A. We became the first National Partner of the London 2012 Olympic and Paralympic Games for [...]
Exiting difficulties give illiquid Scandis limited appeal as a safe haven October 18, 2011 WITH no end in sight for market volatility, options are dwindling for investors seeking safe haven currencies. Six weeks ago, the Swiss National Bank (SNB) made the bold move of putting a floor under the euro-Swiss franc exchange rate at SFr1.20. When it announced the move, the SNB said that it would protect the franc [...]