Falling dollar lifts shares throughout Wall Street October 25, 2010 US stocks rose to a five-and-a-half month high yesterday as a falling dollar, partly driven by expectations of further stimulus by the Federal Reserve, prompted investors to buy riskier assets. The Dow Jones industrial average gained 31.49 points, or 0.28 per cent, to 11,164.05. The Standard & Poor’s 500 Index added 2.54 points, or 0.21 [...]
Pick mining giants for commodity exposure October 25, 2010 CHINA’S restrictive export practices in rare earth metals have intensified fears among traders and market analysts that a bubble is forming in junior mining stocks such as Canada’s Rare Element Resources, Quest Rare Minerals and Avalon Rare Metals. These companies have seen their share prices surge in recent months despite the fact that they are [...]
FED NEEDS TO END THIS QE UNCERTAINTY October 25, 2010 CFD MARKET STRATEGIST, GFT The G20 meeting of finance ministers and central bankers passed without incident, leading to a big sell-off in the US dollar yesterday, and a corresponding rally in everything else. There had been concern that member states would struggle to not criticise each other, escalating currency and trade tensions. The final communiqué [...]
Broadcasting offers traders the chance for a big challenge October 25, 2010 UK BROADCAST media has seen its earnings growth increase by 50 per cent this year. This outperforms other areas of the sector that have experienced steady, if unspectacular, growth. With the sector rated as undervalued by Numis and the industry experiencing rapid changes, taking a punt on the prospects for one of the big players [...]
THE TIPSTER October 25, 2010 IPHONE chip manufacturer ARM Holdings has seen its share price quadruple since early 2009 as smart-phones have sold like hot, technological cakes. Its third quarter earnings are out today and market participants are expecting the share price to get close to last month’s all-time high of 418p. With a lofty price-earnings ratio of 45 times, [...]
Stocks set to edge higher after G20 finance pact October 24, 2010 The opening call this morning is for stock markets to trade higher following news at the weekend of an agreement being reached between the G20 finance ministers at their meeting in Seoul, to refrain from the “competitive devaluation” of their currencies. GFT is quoting the FTSE 100 index to open up 20 points from Friday’s [...]
WALL STREET WEEK AHEAD October 24, 2010 US stocks could see big swings to the downside this week on any remotely “bad” news since volatility indexes are at levels considered too low. Investors also will face a blizzard of earnings, which many analysts believe will continue to support the rally that began early this month. But any disappointments in either earnings or [...]
Don’t let a long sugar trade leave you with sweet nothing October 24, 2010 SUGAR prices have shot through the roof in the last week, with sugar number 11 – the main benchmark for raw sugar prices – rallying comfortably over 28 cents per pound, double its price in late 2008. Commodity traders might be licking their chops at the thought of a sharp correction – or even a [...]
Reduced real income will hit retail October 24, 2010 RETAIL sales fell in September for the second month in a row. Real incomes are suffering and consumer confidence is weak. Some are questioning whether Apple’s disappointing iPad sales figures last week are a sign of things to come. So should spread betters take the hint and shun the sector? Demand certainly looks like it [...]
THE TIPSTER October 24, 2010 FOR the last month and a half the euro has strengthened against the dollar, topping out at $1.4156. It might now be due to have a retracement before mounting another charge higher. WorldSpreads offer a zero spread for platinum holders on euro-dollar. The dollar has been dropping against the yen over the past few weeks. [...]