Commodity crash sends US tumbling May 5, 2011 US stocks fell for a fourth day yesterday as a massive sell-off in commodities spilled into other markets, forcing investors out of riskier assets and rattling the equities market before today’s payrolls data. Oil suffered the biggest one-day price drop ever for the Brent futures contract, which settled down 8.6 per cent at $110.80 per [...]
Commodities drag on FTSE but high street names rally May 4, 2011 COMMODITY stocks pulled Britain’s top share index lower yesterday, ending the FTSE 100’s recent rally as disappointing US manufacturing data spoiled investors’ appetite for risk. The FTSE 100 closed down 98.81 points, or 1.6 per cent, at 5,984.07, with the FTSE volatility index up 11.4 per cent, hitting a near five-week high. The FTSE 100 [...]
US shares knocked by economic stats May 4, 2011 WEAK economic figures heightened stock investors’ anxiety over the extended rally, knocking US shares lower for a third day yesterday. Recent winners in the energy and industrials sectors were hit most, and a key indicator of investor worry rose for a fourth day in what some say is the outset of extended weakness for stocks. [...]
Still some wag left in the tail for US equity fund investors May 4, 2011 WE ARE in the middle of US earnings season and to date first quarter results have been very strong, with positive outlooks for the rest of the year. In its first quarter report, Marsh & McLennan announced yesterday that its net income had increased $77m to $325m. Earnings per share had increased 13 cents to [...]
Keep cash in preparation for any crises May 4, 2011 In order to be able to pay for unexpected emergencies, it is vital you hold some savings in the most liquid of assets: cash. There are even a few easy access accounts with bonuses that can almost keep up with the current level of 4 per cent CPI inflation. However, it would be a mistake [...]
PERSONAL FINANCE NEWS May 4, 2011 MINTS ARE THE NEW BRICS After the success of the Brics, Fidelity is asking whether Mexico, Indonesia, Nigeria and Turkey (Mints) are the investment opportunities of the next decade. Fidelity says “Mints may just have the potential to be as rewarding for investors over the next ten years as BRICs have been in the past [...]
Making the cut: pushing your CV ahead of the rest May 4, 2011 SUBMITTING your CV to a recruitment agency can be a depressing business when you’re looking for your first big job in the City. You’re up against thousands and thousands of people, the majority of whom will never make the cut. Anyone who has ever submitted one will have wondered how the agency screens out candidates. [...]
Look into the faces that could make you millions May 4, 2011 THEY say people will do anything to grab a headline and they might not be wrong. MyJobGroup.co.uk, a regional job advertisement business, went as far as contacting Naomi Tickle, an “internationally-renowned” personologist (that’s someone who studies people’s faces), to find out what kind of facial features make someone successful. Tickle gladly took up the challenge, [...]
Drugmaker deals buoy FTSE despite dragging miner shares May 3, 2011 DRUGMAKERS helped Britain’s top share index rise modestly yesterday, buoyed by deal activity in the United States, as traders mooted the possibility that a recent equity rally may falter. Miners hampered the FTSE 100’s progress though, hurt by easing metals prices on renewed fears about demand, with Rio Tinto off 1.6 per cent on talk [...]
US stocks slide as investors cash in May 3, 2011 US stocks fell yesterday as investors questioned the sustainability of the rally in light of fresh worries about earnings growth in the coming quarters. Investors targeted recent top performers, particularly energy shares, which were also hit by a fall in oil prices. The S&P energy index dropped 2.4 per cent, while oil futures lost more [...]