FTSE tumbles to three-month closing low on energy worries June 23, 2011 MINERS and energy stocks were the worst hit members of Britain’s sharply lower FTSE 100 index yesterday, hit by heightened fears of a slowdown in global growth. The FTSE 100 ended down 98.61 points, or 1.7 per cent, at 5,674.38, its lowest close since 16 March when markets were plunging in the immediate aftermath of [...]
Greece’s austerity deal lifts Wall St June 23, 2011 US stocks closed way off session lows yesterday on news Greece agreed to a five-year austerity plan, but lingering economic uncertainty ultimately drove indexes mostly lower, keeping a downward trend in place. The Nasdaq wiped out all its losses, ending the session higher and back in the black for the year. The news out of [...]
Banks drop but FTSE treads water ahead of Fed decision June 22, 2011 BRITAIN’S top share index closed marginally lower yesterday, as weakness in banks offset gains in defensive stocks with investors jostling positions ahead of a US interest rate decision. London’s blue chip index bobbed around but closed down 2.32 points at 5,772.99, as cautious investors awaited the Federal Reserve’s assessment of the economy and any plans [...]
Shares dip on lack of QE3 suggestion June 22, 2011 US stocks dropped yesterday after the Federal Reserve acknowledged the sluggish pace of the US economic recovery without hinting at further plans for stimulus. The Fed said the recovery was proceeding more slowly than it had expected. In his news conference, Fed chairman Ben Bernanke offered nothing to motivate investors to buy equities. Without new [...]
Mr ETF gives a bullish view as he looks at global growth June 22, 2011 THERE has been a global boom in exchange-traded funds (ETF) over the last fourteen years. But according to Jim Ross, global head of ETFs at State Street Global Advisors, there is still a lot more room for growth. Having launched the first ever ETF with State Street on 22 January 1993 – the SPDR S&P [...]
Beware: frisky business June 22, 2011 A TUC survey showed that a quarter of all long-term relationships in the UK started at work. Hardly surprising, given most of our time is spent there. But this happens against a backdrop of employers’ growing restrictions on office romances. While it’s understandable that employers are fearful of the consequences and the impact on their [...]
FIVE TIPS FOR BECOMING A SAVVY TRADER June 22, 2011 SENIOR TRADER, GLOBAL REACH THERE are lots of opportunities to become a foreign exchange (FX) trader, especially with the increased use of trading portals and spread betting. Whether it’s as a private trader using your own funds or working for a trading house, the rules for success and promotion are the same. The key to [...]
CAREERS NEWS | IN BRIEF June 22, 2011 BUREAUCRACY BARRIER TO INNOVATION Three quarters of business executives think bureaucracy within organisations is the biggest barrier to innovation, according to a survey by London Business School. When polled, 77 per cent of the business audience said that improving incentives, reducing red tape and promoting greater flexibility in the business environment was key to stimulating [...]
FTSE gains after commodity rally and flurry of M&A bids June 21, 2011 BRITAIN’S leading shares pushed higher yesterday, led by rallying commodity stocks and banks as investors awaited a vote of confidence in the Greek Parliament. The vote, due after the London market close, is seen as a key step towards the passage of more spending cuts in exchange for foreign emergency loans. “What equity markets need [...]
US stocks recover on Greece hopes June 21, 2011 US stocks posted gains for the fourth day yesterday on growing hopes that Greece will avoid a debt default, adding momentum to the market’s recent rebound. The Nasdaq had its biggest percentage gain since October, while the S&P 500 marked its best day in two months in what investors believe could be continued short-term buying [...]