Wall Street rises as dollar hits new high November 10, 2010 THE dollar hit a one-month high yesterday after data pointed to an improving US labour market while Wall Street rose as investors set aside recent worries whether a rally would continue. But global stocks fell as Ireland’s borrowing costs hit another euro lifetime high and investors worried that a Federal Reserve move announced last week [...]
Making the most from losing a job November 10, 2010 CEO OF THE MIND GYM IN ANY episode of Mad Men in which there is no infidelity, you can be sure that someone will get fired. As the insincerity oozes through Don Draper’s “I know you’ll do well”, we imagine the victim floundering in the harsh world beyond Sterling Cooper. In fact, however, they may [...]
ODD JOBS November 10, 2010 GENERAL MANAGER, THE MERCER Before he made the move to Threadneedle Street restaurant The Mercer, Bedford ran restaurants such as Dakota in Notting Hill, The Collection in Chelsea and Mocota in Knightsbridge. Although he enjoys all aspects of managing a restaurant, wine is a special interest that has only intensified during his time in the [...]
Making money out of the East isn’t that easy November 10, 2010 DAVID Cameron is not having an easy time in China. Instead of idle rhetoric about trade and cooperation, Cameron’s visit has been overshadowed by human rights concerns, by global imbalances, and, perhaps most surprisingly, by a dispute over the symbolism of the poppy. China is one of the world’s most exciting countries, but it is [...]
THE TIPSTER November 10, 2010 The supermarket Sainsbury’s recently saw a dip in its share price, offering a rare buying opportunity for spread betters. Thanks to its immense property portfolio, Sainsbury’s is still preferred over competitors like Tesco. Capital CFDs quotes a price of 373.4p-374.0p. The G20 meeting in South Korea is now underway and the world is hoping for [...]
LISTED PRODUCT NEWS November 10, 2010 SOURCE ENTERS SWISS ETF MARKET Source entered the Swiss ETF market earlier this week with the listing of 15 exchange-traded commodities (ETC) on the SIX Swiss Exchange. Source has initially listed 14 T-ETCs (Treasury Bill-secured ETCs) that track S&P GSCI total return commodity indices and one physical gold P-ETC that tracks the spot gold price [...]
Five reasons for investing with ETFs November 10, 2010 IT HAS not been an easy few weeks for exchange-traded products (ETP). First, analysts as good as wrote off physically backed industrial metal exchange-traded commodities (ETCs) before they had even been launched. And earlier this week, an American report from the Kauffman Foundation criticised ETPs, arguing they might pose a greater threat to the markets [...]
FTSE lifted by healthy earnings November 9, 2010 BRITAIN’S leading shares closed higher yesterday, boosted by results from Barclays, Schroders and Associated British Foods. The FTSE 100 closed up 25.23 points, or 0.4 per cent, at 5,875.19, after closing down 0.4 per cent on Monday. The index is up 8.5 per cent this year and has jumped around 23 per cent since hitting [...]
Stocks fall as metals lose shine November 9, 2010 WALLStreet fell for a second day yesterday as selling accelerated into the close, led by sharp losses in bank and metal stocks. Metals stocks gave up earlier gains after the price of gold and silver fell sharply late in the day and the dollar strengthened. Financial stocks took a hit as interest rates rose late [...]
The markets think that the G20 is a talking shop November 9, 2010 YOU HAVE to feel slightly sorry for modern diplomats. Whereas in 1944, Stalin and Churchill could carve up Europe on the back of an envelope, now, the leaders of the world’s twenty largest economies cannot even decide on the simple matter of financial reform. The G20 meeting, due to begin on Thursday, is looking like [...]