LIBYA OFFERS SUPPORT, BUT RISKS REMAIN August 22, 2011 GLOBAL equity markets bounced yesterday offering much-needed relief for bruised investors. After last week’s dismal performance, the major indices were technically oversold. Consequently, traders took the news that hostilities in Libya could be about to end as an excuse to pile back into stocks. But despite the rally, it’s unlikely that we’ve seen the market [...]
Negative tone prevails as markets face testing week August 21, 2011 AFTER another volatile week, anyone hoping that a belated summer lull might be on the way, perhaps to lick wounds and assess trading strategies, will be disappointed for now. This morning’s opening call is for another one per cent drop on the UK stock market, tumbling back below the 5,000 level, and with alarm bells [...]
WALL STREET WEEK AHEAD August 21, 2011 THE historic swings in the US stock market over the past two weeks have investors struggling to figure out where equities may be headed next. Only one thing seems clear: The volatility is far from over. A lack of progress on some of the economy’s biggest issues — from Europe’s sovereign debt to increasing signs [...]
Looking past the European short-selling smokescreen August 21, 2011 IN a bid to stop the rout of their respective banking sectors, France, Italy, Belgium and Spain last week put in place controls on the short selling of a number of banking stocks. The ban is for 15 days, meaning that it will expire on 26 August. Spain has also gone one step further, explicitly [...]
THE WEEK AHEAD in association with GFT August 21, 2011 COMPANY NEWS ● Petrofac posts its interim results today. With oil prices dropping from their recent highs coupled with a market slump, oil companies have taken a bit of a knock of late, with their interim reports reflecting this downturn. Petrofac will be hoping that its results buck this trend. ● Another energy industry player, [...]
THE TIPSTER August 21, 2011 HAVING hit dizzying levels back at the end of 2008, the VIX – or fear index – is back in focus once again. Rampant volatility pushes this index higher and there’s been no shortage of that of late – some may have thought we’d seen the end of it but the big losses at the [...]
And how to avoid dodgy deals on the way in August 21, 2011 THE horror stories about angel investors are true,” warns Andrew Scott, a serial entrepreneur and investor. “I’ve been stung a few times. Once I was working out a contract with an investor and it was taking far longer than expected. Then at the eleventh hour, he turned round and insisted on double the exit. He [...]
Biggest one-day FTSE 100 fall in more than two years August 18, 2011 BRITAIN’S top shares dropped yesterday in their worst one-day fall since March 2009, led by banks on concern the growth outlook for global economies was slowing and worries about contagion in the Eurozone debt crisis. Stocks extended falls after August factory activity in the US Mid-Atlantic region dropped to its lowest level since March 2009, [...]
Wall St slammed by recession fears August 18, 2011 RISING fears of another recession hammered US stocks yesterday, sending major averages sharply lower in a return to the extreme fluctuations investors endured a week ago. New worries about the health of European banks set the tone before the market’s open, and a dismal report on regional US manufacturing fueled a downward spiral in which [...]
Falling financial stocks drag FTSE lower amid euro fears August 17, 2011 Weaker financial stocks led British shares lower yeterday as the outcome of a Franco-German summit left investors still anxious about the Eurozone debt crisis and concerned about the impact of plans for a new tax on the industry. The FTSE 100 index closed down 0.5 per cent at 5,331.60, having at one stage dropped back [...]