FTSE crashes to lowest level in 11 months on Euro turmoil August 4, 2011 BRITAIN’S top share index tumbled and closed lower for the fifth consecutive trading day yesterday, depressed by global growth concerns and sovereign debt worries ahead of key US jobs data. Inmarsat shares plunged 19.3 per cent, hitting their lowest level in more than two and a half years after the satellite operator abandoned growth forecasts [...]
Wall St sees worst selloff in two years August 4, 2011 Investors fled Wall Street yesterday in the worst stock-market selloff since the depths of the recession in early 2009, in what has turned into a full-fledged correction. The Dow and the S&P tumbled more than four per cent and the Nasdaq lost five per cent on fears that the US is staring at another recession [...]
Commodities make losing streak worse August 3, 2011 BRITAIN’S top share index fell more than two per cent yesterday, driven lower by uncertainty over global growth, with commodity stocks heading the list of fallers. The FTSE 100 sank to its lowest closing level since November 2010, dropping 133.88 points, or 2.3 per cent, to 5,584.51, extending its losing streak to four days. Integrated [...]
US markets close ahead August 3, 2011 US stocks ended higher yesterday, snapping a seven-day losing streak by the S&P 500, but worries about the economy kept trading volatile. The Dow Jones industrial average jumped 29.82 points, or 0.25 per cent, to end at 11,896. The Standard & Poor’s 500 Index was up 6.29 points, or 0.5 per cent, at 1,260. The [...]
Working abroad has huge career benefits August 3, 2011 PEOPLE often describe international travel as “eye opening,” but rarely do they say it is good for your career. But research published in the Harvard Business Review shows that people who have international experience or identify with more than one nationality are better problem solvers and display more creativity. Better still, it seems that they [...]
Taking Aim to pass on your wealth August 3, 2011 WRONGLY written off as too risky by many, investing in a managed Alternative Investment Market (Aim) portfolio can be a powerful weapon in the arsenal of avoiding paying more inheritance tax (IHT) than you need. APATHETIC ADULTS Investec has exclusively released the details of a new study to City A.M. that reveals just one in [...]
PERSONAL FINANCE NEWS August 3, 2011 INVESTORS TAKE A MEGA BITE OF APPLE Clients of Barclays Stockbrokers have named Apple their favourite technology stock. 57 per cent favoured Apple over other technology stocks, 11 per cent Google, while 10 per cent said they would be interested in investing in Facebook and Twitter if and when they float. Cisco Systems, the US [...]
The optimal locations for HFT systems August 3, 2011 AS forex traders arbitraging across exchanges attempt to eke out every possible advantage, they are reaching the point where they are being held back by the laws of physics. For the HFT industry, the holy grail of zero latency eludes them. No matter how rapid trading software becomes at generating trades, the march towards zero [...]
FTSE sinks to a five-week low as miners and bank stocks fall August 2, 2011 BRITAIN’S top share index sank to a five-week closing low yesterday as investor confidence was further undermined by the uncertain global economic outlook, with miners bearing the brunt of the sell-off. The FTSE 100 fell for a third day in a row and ended down 56.04 points, or 1.0 per cent, at 5,718.39, its lowest [...]
Massive rout spells trouble for Wall St August 2, 2011 THE Standard & Poor’s 500 index turned negative for the year yesterday as wrangling over the US debt ceiling faded and investors turned again to the stalling economy. The broad-based index fell for a seventh day and crashed through the key 200-day moving average in the longest losing streak since October 2008. Investors found little [...]