Bumpy ride likely because of EU debt and Korea November 28, 2010 INVESTORS are likely to be in for another bumpy ride this week, as the European sovereign debt crisis and military aggression from North Korea look set to continue. For today’s open, GFT is expecting the FTSE 100 index to open 11 points off from Friday’s close, at 5658. The German DAX 30 is expected to [...]
THE WALL STREET WEEK AHEAD November 28, 2010 THERE is no sign that investors’ headaches from Europe are going away, but early indications of strong holiday spending and an improving labour market could soothe Wall Street this week. Fears that Europe’s debt crisis could spiral out of control have pushed stocks off two-year highs hit earlier this month. Since 5 November, the S&P [...]
There’s more pain and selling to come for banking stocks November 28, 2010 EACH time that European banks have taken a step towards recovery since autumn 2008, it seemed that they suffered another a setback. Whether it was revelations of bad debts, government bailouts, exposure to indebted sovereigns or tighter regulation, it has been hard for their share prices to make sustained headway. The second bout of the [...]
When the torrent turns into a trickle November 28, 2010 THANKSGIVING might not make much of an impact on most British households, but for those trading on the financial markets, it will certainly have been noticeable. As millions of Americans take leave from work to eat turkey, drink, shop and nurse their hangovers, the number actually still trading shares drops off heavily. But it isn’t [...]
SPREAD BET GURU November 28, 2010 MARKET STRATEGIST josh@cityindex.com Q.Dear Josh, is the Christmas rally a myth? A.Historically at least, a Christmas rally is by no means a myth. The last 10 years have seen the FTSE 100 rally nine times in the month of December, with an average rally of 3 per cent. The only year where the index actually [...]
THE TIPSTER November 28, 2010 THE US is back in play now that the Thanksgiving holiday is over. The Dow Jones index has been dragged lower by weak European indices, but American investors usually don’t like being led astray by other indices. Monday could well bring a renewed bout of bullishness. Capital Spreads quotes 11,075-11,077 for the Wall Street index (the [...]
Real estate shares surge as bid for CSC sparks appetite November 25, 2010 BRITAIN’S leading shares pushed higher yesterday, buoyed by strength in heavyweight miners and banks, and by gains from real estate issues as Capital Shopping Centres bounced on bid interest. At the close, the FTSE 100 was up 41.83 points, or 0.7 per cent, at 5,698.93, dipping back in the closing auction after hitting a late-afternoon [...]
Lift in mining stocks helps boost Europe November 25, 2010 EUROPEAN shares ended higher on yesterday, with heavyweight mining shares boosted by rising metals prices and bid interest in Capital Shopping Centres lifting the real estate sector. The pan-European FTSEurofirst 300 index of top shares ended 0.5 per cent higher at 1,092.80 points, though trading was light as US markets were closed for the Thanksgiving [...]
Be your own lending bank November 25, 2010 IN THE 1947 film, It’s a Wonderful Life, the hero George Bailey prevents a run on the Building and Loan by reminding his customers where their money is. “The money’s not here. Your money’s in Joe’s house, right next to yours, and in the Kennedy house, and Mrs Macklin’s house, and a hundred others” he [...]
Expat Expert: How to enjoy your golden years November 25, 2010 Q.I AM LIVING AND WORKING ABROAD BUT I WILL WANT TO RETIRE AT SOME POINT IN THE NEXT 10 YEARS. WHAT DO I NEED TO THINK ABOUT? A.The good thing is that you are already thinking about your retirement, which is the first stage in planning and investing for it. As you approach retirement you [...]