Stocks to rise on Fed expectations September 18, 2011 AN apparent uptick in confidence over Europe’s future is set to take stock markets higher this morning, underscored by Wall Street closing up on Friday for a fifth successive day, combined with hopes of further impending action from the Federal Reserve later this week. GFT quotes two-way prices on stock indices around the clock, even [...]
WALL STREET WEEK AHEAD September 18, 2011 WALL Street hopes for more Fed action and clear signs European leaders will follow through on their new urgency to tackle the Eurozone debt crisis if US stocks are to build on their best week since early July. Investors expect the Federal Reserve to take steps to pull down long-term interest rates when policymakers meet [...]
The dragon who came from the Aussie Outback September 18, 2011 RICHARD Farleigh is probably best known for his appearances on BBC’s Dragons’ Den. He should, however, be known for being a foster care kid who went on to be one of the world’s richest hedge fund managers in the 1990s, and then a successful entrepreneurial investor with brands like Net-a-Porter and Reggae Reggae Sauce to [...]
Diverging EU equities and bonds September 18, 2011 DESPITE the torrent of bad news that has hit the Eurozone, the equity markets keep bouncing back. With every platitudinous comment from a Eurozone minister that “everything is going to be ok” and that they have everything under control, the markets have rallied. At first glance, the rally in the STOXX 600 is particularly surprising [...]
THE WEEK AHEAD September 18, 2011 COMPANY NEWS ● Gulfsands Petroleum, Highland Gold Mining and Petra Diamonds all announce today. All are looking for strikingly good results. ● Tomorrow, the UK-listed holding company of the Carnival group – the world’s largest cruise ship operator is dual-listed in New York and London – announces. It will be hoping for smooth sailing. ● [...]
THE TIPSTER September 18, 2011 DEPARTMENT store Debenhams is releasing a trading statement tomorrow. Traders are finding it tough to be optimistic after poor August UK retail sales and consumer confidence figures. Rival John Lewis released its latest figures and found the first half of the year tricky. Capital Spreads quotes 60.7p-61.1p. Alliance Trust has been in the press lately [...]
FTSE extends gains after a bullish note boosts the banks September 16, 2011 BRITAIN’S leading shares rose yesterday after politicians and central bankers moved to shore up market confidence in the debt-ravaged Eurozone, with the FTSE 100 index breaking above an eight-week technical downtrend. The FTSE 100 ended up 2.1 per cent, or 110.52 points, at 5,337.54, extending the rally into a third straight day. Fresh support from [...]
Fourth straight day of wins on Wall St September 16, 2011 INVESTORS pushed US stocks higher for a fourth day yesterday as coordinated central bank action encouraged optimism about dealing with the Eurozone debt crisis and its threat to the global recovery. Major stock indices rose more than one per cent. Shares of financial companies, which have been among the hardest hit by the debt worries, [...]
Asset based finance sector outperforms wider economy September 15, 2011 CHIEF EXECUTIVE, ABFA WE are all too aware that the UK economy has struggled to recover and grow following the recession, with GDP growth dropping to just 0.2 per cent and with rising inflation and taxes, as well as low productivity, this trend looks set to continue – at least for the near future. The [...]
Businesses need alternate ways to access cash September 15, 2011 REGIONAL DIRECTOR, GE CAPITAL ANY review of economic data at the moment will confirm that the outlook for UK business remains uncertain. That said, there is still evidence that growth is on the agenda for many businesses in London and activity in the transactions market is increasing. This includes interest from both private equity and [...]