Soft commodity traders could be hung out to dry February 21, 2011 GROUPS of older ladies like to coo over small children’s cotton socks, otherwise this soft commodity didn’t use to cause too big a stir. That is until now: in the last month the price has broken from a three-decade range, rocketing to $2 a pound – that is a 40 per cent increase since January. [...]
IRELAND’S ELECTION MAY ROCK MARKET February 21, 2011 CFD MARKET STRATEGIST, GFT NEWS of the civil unrest across north Africa, the Middle East and central Asia has rightly dominated the headlines this month. However, despite yesterday’s FTSE fall, equity investors have mostly brushed aside any concerns they may have and continue to buy dips whenever they occur. But it could be that political [...]
Don’t let your CFD provider take you for an expensive ride February 21, 2011 THE tail end of last week saw reports that the Financial Ombudsman Service (FOS) had upheld a barrage of complaints surrounding transaction charges on Contracts for Difference (CFD). With this in mind, what should you look out for and what should you do to keep your CFD earnings intact? Martyn Jones of the Financial Ombudsman [...]
THE TIPSTER February 21, 2011 SILVER surged to a 30-year high on Monday as Libyan unrest sent commodity prices soaring. Add this to the market’s talk of huge demand for immediate delivery of silver (the rumour on Friday was that the COMEX exchange was short large amounts of silver for March delivery). This talk of a squeeze added more than [...]
Partial G20 accord to give moderate lift to shares February 20, 2011 A mildly positive start is expected for stock markets this morning, as risk appetite returns after a G20 summit that resulted in few big surprises. GFT is quoting the FTSE 100 index to open up five points from Friday’s close, at a level of 6,087. Elsewhere in Europe the German Dax is called up seven [...]
S&P 500 is on a great rolling boil February 20, 2011 BRING up to a rolling boil then leave for…. How long exactly? That is precisely the question that spread betters everywhere are asking about the S&P 500. It’s been climbing for two years now, smashing through glass ceilings like a highly caffeinated new-age woman. But – realistically – how long can the rally last? The [...]
THE WEEK AHEAD February 20, 2011 COMPANY NEWS ● The week’s slew of annual reports will begin on Monday. Hammerson, which invests in and develops shopping centres, retail parks and offices throughout Europe, will kick things off. ● Wednesday will see investment management company Henderson Group release its full-year results. ● Part-nationalised banks RBS and Lloyds will report their annual performances [...]
THE TIPSTER February 20, 2011 RECENTLY downgraded to “hold”, investors have not been deterred from Dragon Oil which will be publishing interim results tomorrow. As the crisis in the Middle East unfolds, and stop-gap governments evolve, oil prices, which have seen a correction since last week, should carry on rising and the sector continue to perform. Cantor Index offers a [...]
London flat as weak miners are offset by strong financials February 17, 2011 BRITAIN’S FTSE 100 share index closed slightly higher yesterday, as strong gains from banks offset weaker miners and optimism on corporate earnings outweighed Middle East political concerns. Banks advanced by upbeat broker comment and hopes for further good earnings reports from the sector, and overall sentiment on equities remained fairly positive. The FTSE 100 closed [...]
Wall St rises despite Middle East unrest February 17, 2011 US investors piled on a dizzying two-year advance in stocks yesterday, using a brief slip on negative economic news as an opportunity to buy into market leaders. The technology sector showed strength, with Nvidia up 9.8 per cent to $25.68 a day after posting a bullish revenue forecast on accelerating sales of its processors. An [...]
