Commodity shares lift FTSE on sunny US and China stats July 7, 2011 COMMODITY stocks led the FTSE 100 sharply higher yesterday, as US jobs data boosted confidence that the world’s biggest economy was showing signs of picking up heading into second-half. Integrated oils rose along with crude oil as reports showed US private employers stepped up hiring in June and the number of Americans filing for jobless [...]
Stocks boosted by retail and jobs data July 7, 2011 US STOCKS closely sharply higher and the Nasdaq notched an eighth day of gains yesterday as improved labour market and retail sales data raised optimism before today’s critical June payrolls report. Equities have been on a tear recently as improving economic data and a potential resolution to Greece’s fiscal issues paved over fears of slowing [...]
FTSE breaks eight day streak on jitters over China and Euro July 6, 2011 THE FTSE 100’s eight-day winning streak came to a halt yesterday as worries over debt contagion in Europe and the demand outlook in China hit banking and commodity stocks. The top share index closed 21.11 points or 0.4 per cent lower at 6,002.92, having risen more than six per cent in the previous eight sessions [...]
Rally in transport stocks lifts hopes July 6, 2011 TRANSPORTATION stocks were among the standouts in another flat session for US equities yesterday, and the sector’s rally could be cause for optimism ahead. However, the Nasdaq rose for its seventh straight day, extending its rally to 6.8 per cent. The Dow Jones Transportation Average rose 1.2 per cent and hit a new closing high [...]
Three steps to get cover from summer holiday blues July 6, 2011 1 GET COVERAGE “It is essential that holidaymakers have adequate travel insurance in place before jetting off on their holidays,” says Bob Atkinson of moneysupermarket.com. He adds: “Travel insurance offers holidaymakers the peace of mind that they are covered for lost or stolen possessions, holiday cancellations, personal liability and a range of other costly possibilities.” [...]
Hot money flows burn Brazil’s trade July 6, 2011 WITH US interest rates being kept artificially low, hot money flows are hitting emerging market economies hard. With the US overnight rate currently being held around zero, the Bric countries in particular are being hit as investors try to get the highest short-term interest rates possible. But now Brazil is really starting to hurt, as [...]
FTSE extends gains as talk of takeovers boosts the market July 5, 2011 THE FTSE 100 rose for an eighth straight trading day yesterday, as earnings hopes lifted Tullow Oil and bid talk boosted Reckitt Benckiser. Tullow, up 3.8 per cent, said it expected to post record first-half revenues as it ramped up output in Ghana and also said it was a few weeks away from completing a [...]
Wall Street pauses despite Euro fears July 5, 2011 US stocks ended a thinly traded session mostly flat yesterday as investors paused after last week’s surge, though continually light volume suggested the market could encounter more choppy trading. The Nasdaq closed higher for its sixth straight day, helped by strength in Netflix, while the Dow and the S&P 500 ended five-day streaks that marked [...]
HOW TO MAKE IT AS AN EXPAT IN THE CITY July 5, 2011 DUAL-QUALIFIED ENGLISH SOLICITOR/ GERMAN LAWYER, SCHULTZE & BRAUN FIRST TIP: LEARN THE LOCAL LANGUAGE Before you move to England for a professional career, obviously, you need to speak English. But you should be prepared for the oddities of the language and be willing to make mistakes. No doubt you’ve heard this before, but it’s worth [...]
CAREERS NEWS | IN BRIEF July 5, 2011 STUDENT DEBT TAKES 11 YEARS TO PAY OFF Crippling student debt will take 11 years on average to clear, says uSwitch research. Almost four in ten graduates (38 per cent) are putting big life decisions such as getting married or starting a family on hold because of student debt. Michael Ossei of uSwitch.com says: “The [...]
