LABOUR DATA IS A WORRY FOR THE US July 5, 2010 CFD MARKET STRATEGIST, GFT FOR many investors the long weekend in the US couldn’t have come at a better time. On top of Europe’s sovereign debt problems, and signs that Chinese growth is slowing, recent data from the US suggests that the much-hyped economic recovery may be reversing. We have seen housing data sour following [...]
Fears of a double-dip and the stress tests knock European stock indices July 5, 2010 WHAT a difference a year can make. This time last year we were all worrying about the resilience of the American banks should the economic outlook worsen further while cheering France and Germany’s ability to bounce out of recession in the second quarter. Twelve months down the line, the financial markets are worrying about the [...]
THE TIPSTER July 5, 2010 AMERICAN investors come back to the market place today after an extended weekend celebrating Independence Day. After the recent falls in global equities, this US public holiday could instigate a renewed sense of optimism and send stock indices higher, even if only temporarily – look to take advantage of a feel-good rally on the Dow [...]
Weak banks and miners hurt FTSE July 5, 2010 WEAK banks and miners, beset by doubts over the health of the global economic recovery, pulled down Britain’s top share yesterday, while BP rose on media reports it is seeking a strategic investor. By the close, the FTSE 100 index was down 14.56 points, or 0.3 per cent at 4,823.53, having ended 0.7 per cent [...]
European shares at a 6-week low July 5, 2010 EUROPEAN shares fell to their lowest close in nearly six weeks yesterday, with miners weaker on a gloomier economic outlook and volumes thin as Wall Street was closed for the Independence Day holiday. A rise for BP helped stem losses for major indexes. The pan-European FTSEurofirst 300 index of top shares fell 0.3 per cent [...]
Markets nervy over US results and MPC meeting July 4, 2010 A disappointing close on US markets on Friday and low volume from the Independence Day holiday which closes many US markets today is leaving the door open for renewed selling on UK and European markets this morning. GFT is calling the FTSE 100 to open down 12 points at 4,826. The German DAX 40 is [...]
US MARKETS July 4, 2010 US MARKETS closed before the Independence Day holiday on the brink of a bear market after their seventh straight losing session, and the worst week for two months. The S&P 500 lost 4.8 points to 1,022.6 on Friday to finish down 5 per cent for the week, leaving it 16 per cent below April highs [...]
Uncertainty to keep US and UK bond yields at their low levels July 4, 2010 SINCE the start of April, yields on US, UK and German government bonds have only been going one way and that’s down. Surprising as it might seem, they are all perceived to be relative safe havens as fears of a double-dip recession escalate and the Eurozone debt turmoil appears to rumble on. On Friday, a [...]
THE TIPSTER July 4, 2010 GOLD took a spectacular tumble at the end of last week, falling to as low as $1,196 at one point on Thursday. There were rumours that the fall was caused by some funds liquidating long gold positions to fund margin calls in other products such as equities; and the dollar took a hammering. The $1,196 [...]
THE WORLD CUP TIPSTER July 4, 2010 JUST four teams are now left in the 2010 World Cup and, shockingly, one of them is not Brazil. After England’s disastrous exit, at least we can look on all of these latest developments with almost dispassionate interest. It is certainly perfect for spread betters. As readers will know, Holland beat Brazil on Friday 2-1 [...]