How to defuse a time bomb: China worries about liquidity November 21, 2010 IF ANYONE had needed more proof of the extent of global economic imbalance, then last week’s inflation figures ought to have been enough. Despite unprecedented monetary ease, America’s inflation rate is running at 0.6 per cent, the lowest level in 53 years. In China, however, money is abundant and inflation is running at 4.4 per [...]
Rolls Royce better value for traders November 21, 2010 THANKS to a combination of superior design, pilot skill and more than a pinch of good luck that engine fragments did not hit more crucial parts of the jumbo jet, Qantas flight QF32 touched down safely a little more than a fortnight ago, leaving its passengers shaken but fundamentally unscathed. Much the same can be [...]
THE TIPSTER November 21, 2010 THE run-up to Christmas truly gets underway this week with US Thanksgiving on Thursday. Historically this has given equity markets a boost as a result of improved sentiment and as the festive sentiment rubs off on investors. This could prompt a rally in the Dow. Capital Spreads quotes 11,165-11,167 for the index. US dollar strength [...]
TECHNICAL ANALYSIS GURU November 21, 2010 CHIEF TECHNICAL ANALYST sandy.jadeja@cityindex.co.uk Q. Do you trade based on psychological numbers? A. One of the most common questions asked at our training seminars is “What are the key levels on a chart?” There are several key levels to observe when looking for an opportunity to trade from. One of the most common are known [...]
Mounting hope of an Irish bailout drives up the FTSE November 18, 2010 BRITAIN’S top share index closed higher yesterday, boosted by banks on growing hopes for a deal to ease Ireland’s debt crisis and by mining stocks which followed metals prices higher. The FTSE 100 closed 76.15 points, or 1.3 per cent, firmer at 5,768.71, in light volume, trading 85 per cent of its 90-day average. The [...]
New York rises on success of GM IPO November 18, 2010 US stocks jumped yesterday on expectations of a resolution of Ireland’s banking crisis, but the S&P 500’s inability to break through resistance suggests stocks could be in a tight range through the end of the year. General Motors shares gained 3.6 per cent in its return to public trading and accounted for about 5.1 per [...]
Planning now will save time and cash later November 18, 2010 ALMOST everything you will ever want or have to do in life will cost you money, so it is worth – every now and again – taking stock of your situation to think about your goals and how you can plan your finances accordingly. Next week is Financial Planning Week, which should provide you with [...]
Inflation is like a hole in every saver’s pocket November 18, 2010 INFLATION is a global concern at the moment. In China, rocketing food prices have pushed up inflation to 4.4 per cent, prompting a 50 basis point rise in interest rates and a short crash in global equity and commodity prices. That must be galling for British savers – according to the Office for National Statistics; [...]
Expat expert: Potential offshore tax benefits November 18, 2010 Q.WHAT ARE THE POTENTIAL TAX BENEFITS OF BANKING OFFSHORE? A.An attraction of offshore banking could be the opportunity to receive gross interest since interest on offshore accounts is usually paid without the deduction of tax. This may be tax efficient for you, depending on the tax rules in the country where you are resident. There [...]
PERSONAL FINANCE NEWS November 18, 2010 BRITS TO WORK BEYOND RETIREMENT AGE Over 4m Brits aged 50-plus expect to work beyond their state retirement age by an average of just over six years, according to the first Working Late Index, published this week by insurance, investment and retirement group LV=. A quarter believe they will work five to 10 years more, [...]