Bears forecast another slump in the market August 16, 2009 FOR the past two months, the bulls have been back in force, pushing the markets higher than anybody had thought possible. But last week, some of the City’s biggest bears struck back, predicting a second slump in global equities between now and the end of the year. While many analysts have thought that the most [...]
THE TIPSTER RESOURCE STOCKS ARE IN FAVOUR August 16, 2009 RESOURCE stocks are still in favour this week thanks to improved optimism about the economic recovery and Chinese expansion. Among the larger-caps, India-focused metals group Vedanta Resources made an improved bid for bankrupt US copper miner Asarco last week, which saw the firm’s share price jump 5 per cent in two days, to hit a [...]
IT’S A ROCKY ROAD AHEAD FOR RECOVERY August 16, 2009 JANE FOLEYRESEARCH DIRECTOR,FOREX.COM FOLLOWING a pullback in early July, the S&P 500 has forged ahead this summer, lifted both by a round of earnings reports in which over 70 per cent of US companies beat estimates and some better news on the global economy. The rally in stocks has coincided with a rally in other [...]
Rio Tinto to dominate week amid thin corporate calender August 16, 2009 Many heavyweight companies have reported and there are signs of things tailing off as we head towards August bank holiday. However, that is not to say that the corporate calendar will not give the market plenty to digest. Car dealers Pendragon and Lookers will give some insight into the effectiveness of the government’s car scrappage [...]
Economy remains in focus as inflation signs look benign August 16, 2009 LAST week the markets were updated on the views of central bankers from both sides of the Atlantic. In the UK, the Bank of England published their quarterly Inflation Report and from the US we heard comments by the Federal Open Market Committee, accompanying their regular rate-setting meeting. Both presented a benign outlook for inflation. [...]
Managing a strategy for career change August 12, 2009 IT’S HARDLY unusual for people in their late twenties to decide that the area they’re working in isn’t actually the career they want to pursue. Tristan Smith had been working successfully in the airline industry for eight years – even moving from her home town of Sydney, Australia to the US city of Chicago – [...]
CAREERS CLINIC August 12, 2009 MICHAEL MORANMANAGING DIRECTOR OF FAIRPLACE I work in asset management. My boss is moving to another firm, and he is asking me to come with him. Should I join him? YOU have to weigh up the pros and cons here carefully. It’s a good signifier of your own abilities if your boss is reliant on [...]
Large cap index back on the up as sentiment stays high August 12, 2009 THE FTSE 100 closed up by 1 per cent yesterday, as investors took their positions ahead of last night’s Federal Reserve statement on US growth prospects. The index ended 45.42 points higher at 4,716.76, after closing down 1.1 per cent on Tuesday, its biggest fall in a fortnight after hitting 2009 highs on Friday. “Great, [...]
US stocks buoyed by Fed’s optimism August 12, 2009 US stocks powered higher yesterday as the Federal Reserve said it saw signs of a more stable economy. Stocks had been on track to close at their highest level in 10 months, led by technology and financials, but shares lost steam in the last half hour of trading. The Federal Reserve said the economy was [...]
Big Brother in the Square Mile raises legal issues August 11, 2009 THERE is nothing so British as fear of Big Brother. And perhaps, not without reason – the UK has 20 per cent of the world’s CCTV cameras. But the latest fear is being spied on at work. City firms have begun to import state-of-the-art tactics to keep a close eye on employees, and it is [...]