The return of the Turtle Traders: nature vs nurture November 1, 2010 DO YOU have to be born a successful trader or can anybody learn how to play the financial markets and make a tidy profit in the process? This debate has divided Wall Street and the Square Mile for decades and in 1984 35 year-old Richard Dennis, a commodities analyst from Chicago, set out to prove [...]
Commodities and banks lift FTSE but gains are tempered by Fed QE decision November 1, 2010 Miners led Britain’s top shares higher yesterday, boosted by strong data from China, but gains were tempered as investors looked ahead to the outcome of the US Federal Reserve’s meeting tomorrow. Miners rose after data showing demand in China, the world’s biggest consumer of metals, was holding up. The world’s biggest integrated zinc producer Xstrata [...]
Wall Street ends flat on eve of US midterm votes November 1, 2010 Investors were reluctant to make big bets ahead of two events that could dictate the stock market’s direction for the rest of the year and beyond, leaving shares little changed yesterday. The benchmark S&P 500 index rose 12.9 per cent since the start of September on hopes for Republican gains in Tuesday’s elections and a [...]
THE TIPSTER November 1, 2010 ALL eyes are on stock market indices such as the FTSE 100 this week as major economic numbers and announcements from across the globe are released. Yesterday’s early gains were wiped out by mid-morning, indicating that there simply aren’t enough bulls out there to prop up the markets and further weakness could be around the [...]
Sideways trading forecast ahead of expected QE2 October 31, 2010 THE call this morning is for stock markets to open unchanged, with markets likely to trade in a narrow band as caution prevails ahead of a potentially monumental week for economic events. GFT is quoting the FTSE 100 index to open unchanged from Friday’s close, at a level of 5,675. The German DAX 40 is [...]
WALL STREET WEEK AHEAD October 31, 2010 THE wait is almost over. After a two-month rally in the stock market, some investors are about to see if they get what they wished for: more Republicans in Congress and lots of cheap money. The US stock market has priced in the Republicans gaining ground in tomorrow’s midterm elections, an outcome widely seen as [...]
Chinese demand will keep the German engine roaring October 31, 2010 GERMANY certainly is the engine of Europe at the moment; it has powered its way out of the recession. Exports are booming, unemployment is expected to fall to levels last seen in the early 1990s and its current account is firmly in surplus. The blue-chip Dax index is the model of this good health, outperforming [...]
SPREAD BETTING NEWS October 31, 2010 BECOME CITY A.M.’S CHAMPION TRADER If you have ever fancied yourself as the next George Soros or John Paulson, then here’s your chance. City A.M. today launches its Champion Trader 2010 competition in conjunction with Interbank FX. The fantasy trading game has a prize pot of £10,000 and is free to enter. All traders start [...]
In search of the modern El Dorado October 31, 2010 THE world has been watching South America. Yesterday saw the Brazilian presidential election, while Argentina has been surprised by the death of Néstor Kirchner – an event that, slightly worryingly, sparked a huge rally in the Argentinean stock market. More prominent still were the Chilean miners whose plight last month captivated millions. Given all that, [...]
THE TIPSTER October 31, 2010 THERE’S plenty of economic announcements and data for the markets to digest this week. The Federal Open Market Committee (FOMC) will give its verdict on quantitative easing on Wednesday, while the Bank of England and the European Central Bank announce their decisions on Thursday lunchtime. Markets have recently retraced and some good data could provide [...]