Miners and energy firms push FTSE to week’s highest close August 24, 2011 Strong miners and energy stocks helped drive Britain’s top share index to its highest close in a week yesterday in choppy trade as investors jostled for position ahead of a speech by Federal Reserve Chairman Ben Bernanke on Friday. Traders pointed to continued speculation that the Fed could unveil a further round of US quantitative [...]
US markets make strong comeback August 24, 2011 US stocks posted strong gains for a second day yesterday as investors jumped back into beaten-down financial shares and backed away from safer assets like gold in volatile trading. The stock market swung back and forth as investors anticipated a key speech from Federal Reserve chairman Ben Bernanke on Friday. There had been hope the [...]
Where savers should turn to protect their wealth August 24, 2011 MANY in the UK look upon the peripheral economies of Europe – living on borrowed money and reliant on the kindness of tourists to keep them from falling back into the dark ages – with disdain. However, the UK’s facade of economic power is also crumbling – the East is in the ascendancy, with India [...]
Three ways to get the trading edge August 24, 2011 IN the high-frequency forex-trading sphere, it is latency of executions that grabs the headlines – that is the delay between an order being sent to a venue, and the venue executing that order. But as Dan Hubscher, industry marketing manager for Progress Software points out, investing in low latency trading execution systems is simply your [...]
Learn the art of persuasion from a master August 24, 2011 WHETHER it’s striking a deal with a client or discussing your bonus with your boss, negotiation is a fact of life for those in the City. Indeed, it’s a skill that you need to master if you want to do well at work. Since every career coach and management guru seems to have a different [...]
FTSE 100 rallies on hope of new stimulus from the Fed August 23, 2011 Britain’s top shares rose yesterday on hopes the US Federal Reserve is close to announcing new stimulus measures, and China and euro zone purchasing data were not as bad as feared. Strong results and an upbeat outlook statement propelled security services firm G4S up 8.5 per cent to top the FTSE 100 list in volume more [...]
Banking and tech stocks lead surge August 23, 2011 US stocks shot three per cent higher yesterday on speculation Federal Reserve chairman Ben Bernanke this week would signal new help for the economy, giving investors hope a four-week rout was nearing an end. Weak data in housing and regional factory activity triggered the latest round of bets that Bernanke will act, even though the [...]
What Bernanke might dig up at Jackson Hole August 23, 2011 WHEN Ben Bernanke makes his speech at the Jackson Hole symposium on Friday, the markets will be hanging on his every word. Helicopter Bernanke picked up his nickname after referring to a Milton Friedman statement about using a helicopter drop of money to fight deflation, and market watchers will be listening for any sign that [...]
STRONG YEN COULD INVITE INTERVENTION August 23, 2011 PITY the poor Japanese policymakers. As global economic growth slows, the yen continues to appreciate against all reason, hurting the export driven economy that’s already been battered by natural disaster and chronic deflation. At the end of last week dollar-yen hit a fresh record low of ¥75.95 as the trend intensified. The strength in the [...]
THE TIPSTER August 23, 2011 STERLING rose sharply against the dollar yesterday as traders sought alternative currencies amid the continued concern over US and European debt levels. Spread betters were targeting a potential test of highs of $1.6618, touched last week. However, analysts are voicing caution over a possible fall in the strength of the pound on Friday should GDP [...]