CFD PROFILE CARBON EMISSIONS December 7, 2009 Spread: 14 basis points plus underlying market spreadMargin Requirement: 10 per centTrading Hours: 7am – 5pmCurrency: Euros(information from GFT) This contract is based on the ICE European Climate Exchange near-month futures contract. One CFD with GFT is equal to 100 metric tonnes of carbon emissions. The market is liquid enough for providers to offer CFDs [...]
THE TIPSTER TESCO COMES UNDER SELLING PRESSURE December 6, 2009 THERE’S no doubting supermarket Tesco’s market dominance nor its ability to make billions of pounds worth of profit. But its share prices has come in for a little profit taking ahead of its third quarter sales, which are due tomorrow. From a technical point of a view, the chart suggests that a head and shoulders [...]
ECONOMIC DIARY December 6, 2009 Monday 7 DecemberUSUnited States Federal Reserve chairman Ben Bernanke is set to speak at Economic Club of Washington lunch (5pm)October consumer credit (8pm)New York Fed president William Dudley speaks at Columbia UniversityJapanNovember bank lending (11.50pm)November money stock (11.50pm) Tuesday 8 DecemberUKBRC November retail sales monitor (12am)Manpower employment outlook for Q1 (12am)October industrial production (9.30am)October manufacturing [...]
End of the decade optimism is looking likely to lift global stocks after a flat start to the week December 6, 2009 UK and European stock markets are set to start the week little changed, but as we enter the second week of December, traders will not want to miss out on a possible end of decade rally. GFT is quoting the FTSE 100 index to open unchanged from Friday’s close, at a level of 5,322. The [...]
Pharma stocks to surprise in 2010 as market gets exciting December 6, 2009 A STOCK that is safe, highly defensive and very boring is not exactly the sort of thing that you might be looking for in order to add excitement to your portfolio at a time when the world is emerging from recession and global equity markets are booming. But boring old pharma is back in favour [...]
JAPAN GETS SERIOUS ON YEN STRENGTH December 6, 2009 BRIAN DOLANCHIEF CURRENCY STRATEGIST, FOREX.COMAFTER months of confusing rhetoric over currency policy, the new Democratic Party of Japan (DPJ) government led by Yukio Hatoyama appears to have finally got serious over combating yen strength. Japanese investor and corporate sentiment have been pummelled by daily gains in the yen, which have undercut exporters’ profits and caused [...]
Retreating miners offset a strong day for banking sector December 3, 2009 A retreat in mining stocks offset gains in financials from Bank of America’s decision to repay bailout funds, leaving Britain’s top share index down 0.3 per cent at yesterday’s close. The FTSE 100 shed 14.39 points to end at 5,313.00, after gaining 0.3 percent on Wednesday. Banks were the top risers with sentiment helped by [...]
Wall St falls on poor service sector data December 3, 2009 US stocks fell yesterday after data showed the vast American services sector unexpectedly shrank in November and investors worried that Friday’s non-farm payrolls report may show the recovery is sluggish. Stocks sold off going into the close, led by financials, as Bank of America’s massive equity offering spurred concerns that other banks could sell new [...]
Internet shopping data helps Nasdaq December 2, 2009 The Nasdaq rose yesterday as strong online holiday sales boosted shares of retailers, including Amazon.com, and relieved some concerns about the consumer. The Dow edged lower as falling oil prices prompted investors to sell energy shares, while the Standard & Poor’s index finished flat. Worries that bank profits could be hurt by derivatives legislation under [...]
Business must help investors to join the dots December 2, 2009 THROUGHOUT the last decade, companies have expanded considerably the depth, breadth and reach of their financial communications to the market, in response to heightened investor and analyst demands and as a result of enhanced financial-reporting requirements. But the financial crisis has magnified market sensitivity to these communications – often described by analysts and investors as [...]