FTSE 100 rebounds as banks rally and miners pare losses January 5, 2011 BRITAIN’S top shares rallied yesterday after employment data from the US showed the economic recovery was picking up steam, which helped miners and oil stocks pare losses and banks rally. The FTSE 100 closed up 29.99 points, or 0.5 per cent, at 6,043.86, bouncing off a session low of 5,964.43. Miners pared losses and oil [...]
Wall St rises after strong jobs data January 5, 2011 THE creation of three times as many private-sector jobs as expected turned Wall Street’s early losses into gains yesterday, extending a rally investors worried had come too far too fast. Financial stocks led gains, helped by credit-card companies such as Capital One Finance, which rose 4.2 per cent to $45.52. The S&P consumer finance index, [...]
All that glisters is not gold January 5, 2011 2010 was a rather remarkable year; it was nearly impossible to lose money. Regardless of whether you invested in bonds, equities, or commodities a year ago, you are probably better off now. But the most impressive performances were in the precious metals sector. The price of gold rose by 30 per cent, while silver closed [...]
THE TIPSTER January 5, 2011 After hitting 28-month highs earlier this week, the Dow Jones Industrial Average fell back slightly on Tuesday to lows of 11,636.88 in intra-day trading. However, yesterday’s rally showed traders are positive about the index, which has rallied hard since trading below 10,000 as recently as 31 August. With analysts predicting a positive year ahead, traders [...]
LISTED PRODUCT NEWS January 5, 2011 DB X-TRACKERS LAUNCHES SHORT EM ETF Deutsche Bank’s exchange-traded fund (ETF) platform, db x-trackers, has today launched Europe’s first ETF that gives automatic short exposure to emerging markets (EM). The ETF provides investors with the daily inverse performance of the MSCI Emerging Markets Index. It is designed for active, short-term traders and is listed on [...]
Tips to survive the snow this winter January 5, 2011 THE country seems to have just about recovered following the pre-Christmas snow which brought trains and airports to a standstill. But with more snow certain this winter, it’s time to ask just how prepared your own business is for the next “snow down”. Staff stuck at the airport, kids at home from school, customers unable [...]
ASK THE GURUS January 5, 2011 John Purkiss Headhunter THE first step is to re-frame your resolution. I suggest, “My resolution for 2011 is to do a job I love”. The second step is to write down on paper what your ideal job would consist of, regardless of where it might be. Then you can visualise it in detail. The third [...]
New Year boom sees FTSE lifted over the 6,000 mark January 4, 2011 BRITAIN’S top shares rose sharply yesterday, the first session of 2011, lifted back above the key 6,000 level by heavyweight oil stocks and banks, as solid economic data prompted a return of investor risk appetite. Fresnillo, the Mexican silver miner, jumped 85p to £17.53 on revived talk that billionaire Carlos Slim might be taking a [...]
US rally peters out as oil prices weigh January 4, 2011 US stocks fell yesterday as declines in oil and metals prices dragged down energy and materials shares, while concern about lower supermarket profits hit consumer stocks. The S&P materials index slid 1.6 per cent while the energy index dipped 1.1 per cent as metals and oil prices dropped after recent gains. Shares of Supervalu fell [...]
Sterling is stuck in the middle of a tug of war January 4, 2011 WITH higher rail fares, energy bills and from yesterday, VAT, 2011 is so far not looking like a very happy New Year for many British consumers. But despite the higher costs, they can at least take solace from the fact that the economy does seem to be recovering fairly remarkably. And the pound seems to [...]