CFD Analyst Picks March 15, 2010 TECHNICAL STRATEGIST JOEL KRUGER My pick: Sell FTSE 100 at 5,560 Expertise: Technical analysis Average time frame of trades: 5-10 days The market rally over the past few days has been most impressive, with gains extending to levels not seen since September 2008. However, we would not yet adopt an overly bullish outlook. With the daily [...]
Markets should get off to a good start March 14, 2010 European stock markets are headed for a mildly positive start to the week, cautious ahead of some key events which could lure the markets out of their current tight trading ranges. GFT is forecasting the UK’s FTSE 100 to open up 11 points from Friday’s close, at around 5,637. The German DAX is expected to [...]
Middle East up as Dubai World debt plan imminent March 14, 2010 Dubai’s index made its largest daily gain for three months yesterday as investors bet on a Dubai World debt offer favourable to creditors. Other Middle East markets rose, buoyed by firm oil prices and positive global sentiment. Dubai World is about to present a plan on repaying £17bn in debt linked to its main property [...]
Triple witching can cause toil and trouble in the markets March 14, 2010 LONDON might no longer hold the prestigious title of the world’s leading financial centre – it only managed to tie with New York in a report by the City of London Corporation that was released on Friday – but Britain’s FTSE 100 is leading the markets’ march higher. Traders might have been cheering Wall Street’s [...]
Mergers can give you stellar profits March 14, 2010 THE financial rumour mill went into overdrive on Friday after whisperings that Rupert Murdoch, the chairman of News Corporation, the global media group, was thinking about buying back BSkyB, the broadcaster he helped to found in 1990. It was mooted that Murdoch might even be willing to pay up to 735p per share, a 20 [...]
CITY INDEX March 14, 2010 Q.Dear Josh, I have been hearing a lot about options, how do they work? A.Options are often considered complicated which, for me, is a misconception. There are two types of options, a call and a put. A call option is the right to buy a particular market at a fixed price on, or before, a [...]
THE TIPSTER March 14, 2010 GREGGS, the bakery chain, has had stellar sales during the economic downturn, as their good value products have appealed to price-conscious consumers. Greggs announces its results later this week, and they should show strong profit growth. IG Index offers a June spread of 419.24p-424.24p. ARM Holdings has seen its share price rise steeply since the [...]
Financial institutions and commodities help London’s top stocks to gain ground March 10, 2010 BRITAIN’S leading share index added 0.7 per cent yesterday, buoyed by strength in commodity issues, supported by trade data from China, and in banks and insurers as Wall Street put in an early advance. At the close, the FTSE 100 was 38.27 points higher at 5,640.57, a 20-month peak, at levels not seen since June [...]
Banking boost cheers up investors on Wall Street March 10, 2010 BANK and technology shares lifted Wall Street yesterday on hopes a revival in business demand will boost corporate profits. Banks’ shares rallied to their highest in 16 months, adding to recent momentum, amid bets an improving economy will stoke loan demand. “The natural conclusion investors are making is, if the economy is turning, financials are [...]
Gain an insight into markets by looking at yield curves March 10, 2010 MOORAD CHOUDHRY HEAD OF TREASURY, EUROPE ARAB BANK WHILE not necessarily as zealous as Ronald Ryan – the preface of his 1997 book Yield Curve Dynamics contains the immortal line “God bless the yield curve” – I happily and enthusiastically recommend that all investors, whatever their market, pay careful attention to the yield curve, its [...]