CAREERS NEWS | IN BRIEF June 29, 2011 SPENDING ON STAFF IS UP 17 PER CENT Employers spent 17 per cent more on entertainment for their staff during the height of the recession (2008-9), such as days out at Ascot and golf trips according to data obtained by UHY Hacker Young. The taxable value of non-business related entertainment provided to staff jumped from [...]
FTSE climbs as investors pile into financial stocks June 28, 2011 FINANCIAL stocks helped Britain’s top share index climb yesterday as hopes of a resolution to Greece’s debt problems spurred appetite for riskier assets. Banks were in demand, led by part state-owned Royal Bank of Scotland as investors bet the Greek parliament will this week vote through austerity measures needed to secure more aid from international [...]
A legal battle could yet sink the Greek bailout June 28, 2011 ALTHOUGH the Greeks will vote today on the adoption of austerity measures, that vote could mean nothing if a court case launched by a group of five German citizens derails Germany’s financial contribution to the bailout. The group, led by Peter Gauweiler, a member of parliament for the Christian Social Union (CSU) party, includes legal [...]
RELIEF AHEAD FOR THE EURO AFTER GREECE June 28, 2011 IN the currency market, all eyes are on Greece ahead of the key austerity vote later today. The general consensus is that George Papandreou will be able to push through the legislation, aided by defectors from the opposition New Democratic party. On Monday, ND deputy Elsa Papadimitriou indicated that she may vote for the austerity [...]
Follow trading leaders using social networks June 28, 2011 THERE’S plenty of cheap talk on social media’s bright future and its potential to turn friends and followers into profit. However, thus far, returns have failed to live up to the hype. Except in forex trading, where social networks like Currensee and eToro allow you to not only follow and interact with other traders, but [...]
THE TIPSTER June 28, 2011 STERLING fell to five month lows against the dollar yesterday, as fresh concerns over the European debt crisis saw investors flock to traditional safe-haven currencies, such as the greenback and Swiss franc. Spreadex offers $1.5921-$1.5924 sterling-dollar. Is the par(i)ty coming to an end for the Aussie dollar? After a meteoric rise fuelled largely by massive [...]
FOREX ANALYST PICKS June 28, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short sterling-dollar and kiwi-dollar. Long loonie-yen. Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week Significant volatility from last week didn’t translate into a decisive trend. That makes medium-term trade setups fewer and farther between. Of my setups from last week the [...]
FTSE closes up as banks and commodity shares rebound June 27, 2011 BRITAIN’S leading share index ended higher yesterday, supported by a rally from commodity issues and banks as investors awaited news about Greece’s debt crisis, expected over the next few days. Greece’s parliament began to debate measures to increase taxes and cut fiscal spending, approval for which is needed for the European Union and International Monetary [...]
US stock rise may only be short-lived June 27, 2011 US stocks rose from three days of losses yesterday, led by banks after news of more favourable capital requirements and optimism over Greece’s austerity plan, but investors cautioned against high hopes. Yesterday’s gains were a welcome sign but investors were cautious about reading too much into them. The S&P 500 has fallen as much as [...]
Europe’s debt disease threatens contagion June 27, 2011 THE Eurozone’s banks look perilously weak. Regulatory uncertainty and the Greek debt disaster present a bleak outlook. While the UK’s banks are much stronger, with less direct exposure to Greece, they too would be affected by a larger Eurozone implosion. Yet even if things go bad, there are opportunities for traders in Contracts for Difference [...]