Wall Street stock hits month’s low July 11, 2011 US stocks suffered their worst day in nearly a month yesterday as concern about the stalemate in US budget talks and growing debt problems in the Eurozone prompted investors to hedge against further losses. The S&P 500 dropped nearly 2 per cent on concerns that Europe’s debt crisis would spread to Italy. European officials were [...]
China’s economy looks to be on shaky ground July 11, 2011 INFLATION in China hasn’t been tamed. Statistics released at the weekend suggest annual inflation for June is running at 6.4 per cent, up from 5.5 per cent in May; while food inflation for June shot up 2.7 per cent on the month to 14.4 per cent. Tomorrow, China will release its GDP statistics, which are [...]
EQUITIES END THEIR RALLY ON BAD DATA July 11, 2011 GLOBAL stock indices have proved to be extremely resilient over the last couple of weeks, despite the uncertainties which continue to cloud the economic outlook. This strength has confounded many of us who thought that equities would struggle to make progress once the US Federal Reserve’s $600bn asset purchase programme concluded at the end of [...]
Stocks to bounce back despite US jobs fright July 10, 2011 THE FTSE is expected to climb back up above the 6,000 level this morning, after US stocks staged a rebound from the lows on Friday when stock markets globally were hit by the dismal jobs data. Just 18,000 new jobs were created in June, compared to analyst expectations of anything up to 175,000. The FTSE [...]
WALL STREET WEEK AHEAD July 10, 2011 WALL Street heads into earnings season this week playing a typical game: worrying about results a lot, and then rallying on pleasant surprises. Analysts have been lowering earnings estimates of late and nervousness about the US economic picture abounds, especially after Friday’s poor June jobs report. However, profit growth could still be strong in the [...]
Taking a position on US jobs, rate hikes and Euro-geddon July 10, 2011 SPREAD betting has changed the way that retail clients can get exposure to financial markets, and spread bet providers are constantly coming up with new ways to allow easy access to an ever increasing range of markets. Though forex, commodity and equity markets can give you access to most market movements, here are three offerings [...]
THE WEEK AHEAD in association with GFT July 10, 2011 COMPANIES ● Today, Michael Page International delivers its second quarter trading update. The company was formed in 1976 by Michael Page and Bill McGregor. ● On Wednesday, Sainsbury holds its AGM. On the same day Marks & Spencer will report. It will be hoping for not just ordinary results, but… ● Also on Wednesday, J [...]
THE TIPSTER July 10, 2011 THE majority of global equity markets are fast approaching year to date highs, but the story doesn’t hold true in Italy. The Eurozone sovereign debt worries certainly aren’t going away, Italian banks are struggling and the Mib has dropped over 6 per cent during the last week. Add to the mix the fact yields on [...]
Commodity shares lift FTSE on sunny US and China stats July 7, 2011 COMMODITY stocks led the FTSE 100 sharply higher yesterday, as US jobs data boosted confidence that the world’s biggest economy was showing signs of picking up heading into second-half. Integrated oils rose along with crude oil as reports showed US private employers stepped up hiring in June and the number of Americans filing for jobless [...]
Stocks boosted by retail and jobs data July 7, 2011 US STOCKS closely sharply higher and the Nasdaq notched an eighth day of gains yesterday as improved labour market and retail sales data raised optimism before today’s critical June payrolls report. Equities have been on a tear recently as improving economic data and a potential resolution to Greece’s fiscal issues paved over fears of slowing [...]