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 [...]
FTSE breaks eight day streak on jitters over China and Euro July 6, 2011 THE FTSE 100’s eight-day winning streak came to a halt yesterday as worries over debt contagion in Europe and the demand outlook in China hit banking and commodity stocks. The top share index closed 21.11 points or 0.4 per cent lower at 6,002.92, having risen more than six per cent in the previous eight sessions [...]
Rally in transport stocks lifts hopes July 6, 2011 TRANSPORTATION stocks were among the standouts in another flat session for US equities yesterday, and the sector’s rally could be cause for optimism ahead. However, the Nasdaq rose for its seventh straight day, extending its rally to 6.8 per cent. The Dow Jones Transportation Average rose 1.2 per cent and hit a new closing high [...]
Three steps to get cover from summer holiday blues July 6, 2011 1 GET COVERAGE “It is essential that holidaymakers have adequate travel insurance in place before jetting off on their holidays,” says Bob Atkinson of moneysupermarket.com. He adds: “Travel insurance offers holidaymakers the peace of mind that they are covered for lost or stolen possessions, holiday cancellations, personal liability and a range of other costly possibilities.” [...]