US-led losses likely to knock European markets June 6, 2010 THE Dow suffered from its third-worst sell-off of the year on Friday following a disappointing jobs report, and the losses extended after European markets closed. The blue chip US index even closed below the psychologically sensitive level of 10,000, and UK And European markets will feel the follow-on effects of that this morning. GFT is [...]
Smart traders will capitalise on this week’s FTSE reshuffle June 6, 2010 DURING the last month the top football teams in the Coca-Cola Championship have been vying for places in the Premier League. The lucky teams are Newcastle, West Bromwich Albion and Blackpool, replacing Portsmouth, Burnley and Hull City which have lingered at the bottom of football’s top flight. In the same spirit, the FTSE reshuffle is [...]
THE TIPSTER June 6, 2010 THE FTSE 100 index was vacillating around the 5,200 level at the end of last week, eventually closing at 5,126 on Friday. But this is still some 10 per cent below the blue-chip index’s 2010 highs. However, the German Dax 30 index is only 3 per cent off its highs for the year so the [...]
THE WORLD CUP TIPSTER June 6, 2010 WITH the summer’s biggest sporting event kicking off this Friday, football fans will surely be looking to spice it up with some spread bets. So, every Monday throughout the World Cup, City A.M. will be bringing you some top football tips. The start of the competition is usually a nervous stage for any side and [...]
SPREAD BET GURU June 6, 2010 MARKET STRATEGIST josh@cityindex.com Q. Dear Josh, what do last week’s US non-farm payrolls figures suggest for the country’s economic recovery? A. Last week’s non-farm payrolls were a blow to investors who had been hoping for the data to show that the US labour market recovery was gaining strength. Payrolls for May only pointed to growth [...]
FTSE 100 breaks out of a losing streak on hopes of strong American jobs data June 3, 2010 BRITAIN’S top shares snapped out of a three-session losing streak yesterday as hopes of strong jobs data from the US spurred sentiment, sending investors bargain hunting in commodity-linked stocks and banks. The FTSE 100 ended up 59.86 points, or 1.2 per cent, at 5,211.18, closing at a two-week high but falling back from an intra-day [...]
Wall Street makes gains as technology stocks soar June 3, 2010 US stocks rose yesterday, led by a late-day surge in technology shares as investors geared up for what is expected to be a strong unemployment report today Stocks moved up and down throughout the session, shifting between optimism and pessimism on a variety of factors, including technical resistance at the S&P 200-day moving average, the [...]
Choosing the right lender is crucial in a tough market June 3, 2010 HOUSES are selling like hotcakes thanks to fierce competition among buyers. The latest monthly survey from the Royal Institution of Chartered Surveyors (RICS) showed that houses are shifting quicker than new ones could come on to the market, despite the number of new sellers increasing. Even the dreaded gazumping is back. In such a market, [...]
PERSONAL FINANCE NEWS June 3, 2010 NO OVERSEAS FX FEES WITH KALIXA Whether you are heading to South Africa for the World Cup or elsewhere this summer, you ought to be thinking about your currency arrangements as early as possible. Kalixa, the pre-paid Mastercard, has announced this week that it will be waiving its standard foreign exchange fee for all point-of-sale [...]
Bubbly and with plenty of fizz June 3, 2010 CITY boys and girls can be a hard bunch to please, but Neleen Strauss seems to have found the formula that keeps them coming back to High Timber, the restaurant she co-owns that is located on the north bank of the River Thames. High Timber has arguably one of the best views in the City: [...]