Traders look to hedge fund guru for lead on Barclays November 2, 2009 AFTER eight months of holding onto his 1.5 per cent stake in Barclays, one of London’s top hedge fund managers announced last week that he has sold his stake in the high-street bank, which has risen in value by 550 per cent over the period. Crispin Odey, head of Odey Asset Management, cited uncertainty over [...]
Miners and oils jump on improved commodity prices November 2, 2009 BRITAIN’S top shares closed 1.2 per cent higher yesterday, as miners and oil firms rose, underpinned by firmer commodity prices on the back of bullish economic data, while RBS fell as the lender faces asset sales. The FTSE 100 closed 59.95 points higher at 5,104.50 points, recouping some losses from Friday’s 1.8 per cent fall. [...]
Robust economic data buoys Wall St November 2, 2009 US STOCKS rose yesterday after another round of solid economic reports, but pulled off session highs after a Fed official’s warning about banks’ loan losses. The three major indexes had previously risen about 1 per cent earlier in the session as stronger-than-expected data on manufacturing and pending home sales spurred a broad-based advance and soothed [...]
The emerging economies are best bet for the long term November 2, 2009 ONCE plagued by fears of debt defaults, currency devaluations and political instability, emerging markets are now an indispensable part of every reward-seeking investor’s portfolio. That, at least, was the message from Marino Valensise, chief investment officer at Baring Asset Management yesterday. He said: “While we believe that the rally in equities is set for a [...]
Week to start with a nervy sell-off after Wall St plunge November 1, 2009 UK and European indices are set to head lower this morning, in a week that is likely to be characterised by volatile trading amidst uncertainty over global economic cues. GFT is quoting the FTSE 100 index to open down 40 points from Friday’s close of 5,044. The German DAX is also called lower, down 24 [...]
ECONOMIC DIARY November 1, 2009 Monday 2 NovemberUK:October PMI Manufacturing (9.30am)Eurozone:October PMI Manufacturing (9.00am)US: October ISM Manufacturing (3pm)September construction spending (3pm) Tuesday 3 NovemberUK:October PMI Construction (9.30am)US:September factory orders (3pm)ABC consumer confidence (10pm)October total vehicle sales anddomestic vehicle sales (10pm)Federal Reserve’s Open Market Committee (FOMC) begins its meeting on interest rates Wednesday 4 NovemberUK: October Nationwide consumerconfidence (12am)October PMI [...]
Study history to successfully bet on premier league points November 1, 2009 OF all the spread bets you can have on football, the most meaningful is the average season points bet in the premier league. At first glance, this might seem like a straightforward bet. Look at the previous points totals of the winners and the relegated teams in the past few years, decide which team you [...]
The future of trading is here, and it’s mobile November 1, 2009 IT’S 8AM and I’m standing on a busy train on my way to work with my eyes glued to my phone, unable to drag my attention away from the flickering numbers and charts. The London markets have just opened and the screen has suddenly burst in to life. I had placed a few trades ahead [...]
MORE QE ON THE CARDS TO BOLSTER UK November 1, 2009 JANE FOLEYRESEARCH DIRECTOR, FOREX.COMthe release of stronger-than-expected US GDP data last week and favourable confidence numbers from the eurozone highlight the position of the UK as being one of the weakest economies in the G10. There is a strong chance that this week’s Bank of England Monetary Policy Committee (MPC) meeting will bring yet another [...]
THE TIPSTER TURBULENCE MAY BE OVER FOR RYANAIR November 1, 2009 WE are still in earnings season, which means that shares and indices are subject to plenty of daily moves. Irish airline Ryanair had a turbulent time in October with its share price tumbling from €3.50 to below €3.00 so investors will be looking for some good news when it releases second quarter numbers today. The [...]