CITI HARD TO BEAT FOR A BRAVE PUNT August 10, 2009 MARTIN SLANEYHEAD OF DERIVATIVES, GFT ONE of the most popular CFD stocks right now is Citigroup, but perhaps what is surprising is the direction of trades – everyone is buying. But what is attracting people to a bank, which was fighting for its very survival earlier this year? It is certainly an impressive turnaround in [...]
Profit-taking sends US indices lower August 10, 2009 US STOCKS fell yesterday as investors booked profits following a four-week rally that took the broad S&P 500 index to a 10-month high on Friday. The drop comes ahead of an abundance of economic data due this week, including the Federal Reserve’s statement on interest rates and the economy, as well as government figures for [...]
Bank inflation report due as City heads for holiday season August 9, 2009 With the streets of the City emptying as weary workers head for sunnier climes, the torrent of company results slows to a trickle this week, but the markets will be scrutinising the Bank of England’s quarterly inflation report. The Bank, which releases its report on Wednesday, is expected to predict that inflation will stay low [...]
THE TIPSTER RESULTS AND BUYOUTS TO FUEL MARKET August 9, 2009 Interim results are still dominating the headlines and the markets at the moment so spread betters should be well aware of which companies are reporting and what the market is expecting from them. Insurance company Friends Provident reports interims on Tuesday and investors will be hoping for an update on the Resolution situation. For investors [...]
Markets turn focus to economic data as recession eases August 9, 2009 We’re likely to see a switch in the market’s focus from earnings back to economic reports this week. The Bank of England’s quarterly inflation report is arguably the highlight of the week, certainly for UK shares and the pound, with the market keen to interpret for itself the evidence which was sufficiently weak to persuade [...]
Forecast the rally’s top with chart patterns August 9, 2009 IT HAS been all too easy to get caught up in the wave of enthusiastic stock market rallies over the past few weeks. At some point – and probably in the near future – indices will either look to retrace some of their gains or consolidate. Spread betters should therefore be looking to lock in [...]
Investor optimism won’t last forever August 9, 2009 EVEN after a rally lasting 11 consecutive days, the FTSE 100 still managed to push higher last week, closing up 2.48 per cent on the week. And where the FTSE has gone, other indices have followed. The S&P 500 broke temporarily through the 1,000 mark at the end of last week while the Dow Jones [...]
RECOVERY IS GAINING IN MOMENTUM August 9, 2009 JANE FOLEYRESEARCH DIRECTOR, FOREX.COM THE suggestion that the UK economy may return to growth by the end of the year is not new, but the recent spate of better than expected economic data appear to give legs to this possibility. Purchasing managers’ indices (PMIs) for July are suggesting expansion in both the manufacturing and services [...]
Bank decision boosts market as the bankwagon rolls on August 6, 2009 THE LARGE-CAP index closed higher yesterday, driven by strength from banks after the Bank of England (BoE) surprised markets by expanding its quantitive easing plan to £175bn. The FTSE 100 closed 43.40 points higher, or 0.9 per cent, at 4,690.53, after hitting a fresh 2009 intraday high of 4,729.58 following the BoE announcement. The BoE [...]
Caution the order of the Wall St day August 6, 2009 US stocks fell yesterday as investors turned cautious a day ahead of a crucial government report on July employment, and took profits after recent strong gains. The stock market’s second day of declines came on the heels of a four-day rally that pushed US indexes on Tuesday to close at their highest levels since last [...]