FTSE tumbles on weaker commodity prices and nerves over Ireland’s rescue November 29, 2010 BRITAIN’S top share index ended sharply lower yesterday, seeing two months of gains wiped out, as heavyweight commodity issues dropped back with weaker metal prices and financial firms dropped on worries over the Eurozone. The FTSE 100 index dropped 117.75 points, or 2.1 per cent, to close at 5,550.95, the day’s low, having reversed from [...]
Eurozone fears dampen markets on Wall Street November 29, 2010 US stocks edged down in a low-volume session yesterday on worries Europe’s credit crisis will spread, despite a weekend agreement to bail out Ireland. But stocks finished well off their lows of the day as the dollar retraced some of its earlier gains and energy and financial stocks rallied later. The Dow Jones industrial average [...]
Savvy traders can also benefit from dividends November 29, 2010 IN A world of high inflation, low growth and stock markets trading sideways, the investor is perpetually in search of ever-elusive income. Dividend income is understandably more appealing to the buy-and-hold investor community but the speculative trader should not ignore it either. Dividends can still play a part in the contracts for difference (CFD) trader’s [...]
US JOBS DATA COULD STILL DISAPPOINT November 29, 2010 CFD MARKET STRATEGIST, GFT LAST week was a stomach-churning rollercoaster for investors and traders alike. Attention shifted away from the US and the backlash which greeted the Fed’s announcement of QE2. Instead, the focus was on tensions between North and South Korea, along with the European sovereign debt and banking crisis. These issues have the [...]
THE TIPSTER November 29, 2010 THE US car giant Ford is due to give a trading update tomorrow. Its stock has rallied over 50 per cent in 2010 thanks to optimism that quantitative easing will prevent a double dip and people will keep buying cars. It was only two years ago since the stock was trading at $3 and looking [...]
MARKETS NEWS November 29, 2010 CMC’S NEW CHARTING PACKAGES CMC Markets has announced the launch of a new charting software package for both demo and live spread betting accounts. The software allows clients to use professional real time charts to improve their trading. Line, candle, open-high-low-close and spread charts are all available, while clients can also use technical analysis tools [...]
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 [...]