Baltic Dry is signalling new pullback in the stock market September 21, 2009 GLOBAL trade volumes have dried up since the start of the financial crisis as Western demand for East Asian goods languished, depressing shipping activity as measured by the Baltic Dry Index. Although a well-known leading economic indicator, market strategists such as Societe Generale’s Albert Edwards and Gluskin Sheff’s David Rosenberg have recently been drawing their [...]
Fed’s inertia is good news for UK and Europe’s stock markets September 21, 2009 EVER since leading indicators such as purchasing managers’ indices started showing signs of a recovery in the global economy, market participants have been watching the actions and comments of central bank policymakers closely for signs that their extra-accommodative monetary will be tightened in due course. But while an acknowledgement that the recovery is entrenched enough [...]
TAKE A PUNT ON A SHOCK WITH THE VIX September 21, 2009 MARTIN SLANEYHEAD OF DERIVATIVES, GFT WHATEVER your trading style, one factor which is common ground is market volatility. It is inevitably a concept which features regularly in this column, due to the impact it can have on volumes and the life of a trade. The majority of CFD traders thrive on volatility, but just because [...]
THE LONDON REPORT September 20, 2009 ALL eyes are on authorities on both sides of the Atlantic this week, with minutes of the Bank of England’s latest rates meeting and a decision on US interest rates from the Federal Reserve, ahead of the crucial G20 summit in Pittsburgh on Friday. Imperial Tobacco’s pre-close update on Tuesday is expected to be upbeat, [...]
This is where we see if the galacticos are worth the cash September 20, 2009 WELL, the football season is now in full swing, with bloodshed, controversies over “simulation” and Sir Alex Ferguson laying into his rivals. It’s like it never went away, isn’t it? The big boys get into action this week with the start of the Champions League, and football fans will be eager to see if Real [...]
Platinum offers an alternative trade to gold and silver September 20, 2009 WITH gold’s sudden surge stealing both the headlines and the market’s attention, it is very easy to forget that there are markets in other precious metals. For spread betters looking to move beyond the realms of gold to something altogether rarer and more unique, platinum currently offers a wealth of opportunities. One of the scarcest [...]
THE TIPSTER BEATING THE RECESSION MENTALITY September 20, 2009 RETAIL sales figures last week might have been disappointing news for the high street, but video game retailer Game Group has typically outperformed other less resilient companies. We will find out whether Game Group is continuing to perform well when it releases its quarterly earnings on Wednesday. The share price has been relatively flat throughout [...]
Mood of markets is upbeat September 20, 2009 Although it’s widely expected that US interest rates will be kept on hold in the 0 per cent to 0.25 per cent range once more in the announcement from the Federal Open Market Committee scheduled at 19:15 London time on Wednesday, talk is picking up that the Fed will start tightening monetary policy sooner than [...]
FURTHER BAD NEWS TO PUSH BUCK LOWER September 20, 2009 JANE FOLEY RESEARCH DIRECTOR, FOREX.COMAYEAR after the fall of Lehman Brothers, the established rhetoric in the markets is that the shocks that unbalanced the finance system and the global economy have still not dispersed. However, the markets are saying otherwise. Shorting the US dollar has become de rigueur. The euro, Australian and New Zealand dollars [...]
NEW YORK REPORT September 17, 2009 US stocks slipped yesterday after a three-day runup on concern recent gains were overextended despite the latest round of solid economic data. Analysts said investors were trying to assess whether further market gains were justified, with the benchmark S&P 500 now up 58 per cent since its early March lows. Shares of financials, energy and [...]