Mining shares rebound and oil stocks rise on supply fears June 9, 2011 MINERS rebounded from the previous day’s sharp sell-off to help push Britain’s top share index higher yesterday, while oil stocks tracked crude higher on supply fears. The FTSE 100 closed up 47.45 points, or 0.8 per cent, at 5,856.34, having bounced well clear of the session low of 5,795.00, although thin volumes exaggerated the index’s [...]
Wall Street ends its six-day losing streak June 9, 2011 WALL Street ended higher for the first time in over a week yesterday, with the Dow and the S&P 500 rising 1 per cent at one point, but many analysts saw the rebound as short-lived. A report showing record US exports in April eased some concerns about a stalled economic recovery, which had been weighing [...]
Weak miners dip FTSE below key 200-day moving average June 8, 2011 MINING stocks, dented by heightened investor concerns about the strength of the global economic recovery, pushed Britain’s top shares below a key technical level yesterday, a bearish signal for the index. The FTSE 100 closed down 55.76 points, or one per cent, at 5,808.89, having breached its 200-day moving average of 5,815. US Federal Reserve [...]
Growth worries hit Wall St for sixth day June 8, 2011 US STOCKS extended losses for the sixth straight day yesterday as investors worried that a slowing economy could deepen the market’s retreat. The latest evidence of a slowdown came in the Federal Reserve’s Beige Book, which gives an anecdotal report on the economy. It reinforced Fed chief Ben Bernanke’s bearish assessment on growth delivered late [...]
Inflation can be a boon for debt buyers June 8, 2011 ACCORDING to a report released yesterday by the World Bank, too many of the world’s fast-growing developing countries are deploying crisis-fighting policies even though their economies have recovered from the recession, exacerbating inflation. Economic growth in developing countries will slow to 6.3 per cent in 2011 from 7.3 per cent in 2010. China will continue [...]
It’s not too late to profit from gold June 8, 2011 GOLD is not the bubble that many fear. Its price has risen on the back of fundamentals that have not gone away. Until these threats dissipate, gold will continue to go up. WAYS AND MEANS Marcus Grubb of the World Gold Council explains: “Physical ownership can mean holding gold bars and coins, through to 100 [...]
PERSONAL FINANCE NEWS June 8, 2011 DISTRESSING FINANCES According to R3, the trade body for insolvency professionals, the number of people experiencing financial distress has increased to the highest level recorded. 8m people are due to go into their overdraft this month, with 2m believing that they will go into an unauthorised overdraft position. The findings also show that 6m people [...]
Keeping your cool at work: making life less stressful June 8, 2011 THERE were a whopping 9.8m working days lost to stress last year, according to research by the Health and Safety Executive. That’s 435,000 people who reported a case of work-related stress. That is dreadful news for everyone from the individual sufferers to the economy at large. But it’s not all bad: Neil Shah, the director [...]
Resolution cash return gives boost to the FTSE June 7, 2011 BRITAIN’S top share index closed marginally higher yesterday as UK insurer Resolution’s bumper cash return helped boost insurance-related firms, while integrated oils weighed on the downside. The market reacted positively to Resolution’s commitment to return £500m to investors. “One would encourage share buybacks in a modest way because if a company is cancelling its shares [...]
Bernanke’s bearish talk extends US losing streak June 7, 2011 US stocks extended a losing streak for a fifth day on yesterday on mounting concerns about the economy after bearish comments from Federal Reserve Chairman Ben Bernanke. The market, which started off on a positive note after the S&P 500 hit a two-month low in the previous session, reversed course to turn negative after Bernanke [...]