Chinese torture is holding back the commodities rally January 16, 2011 CHINA was once famous for, among other things, an obscure torture method: reputedly a way to drive suspects insane by slowly dripping water onto their foreheads. Nowadays, however, many commodities traders must feel rather like victims of the technique. The Chinese government has been slowly drip-feeding the commodities markets with hints about monetary tightening. On [...]
UK stocks set to profit from strong US market January 16, 2011 AFTER a wobble on Friday brought on by concerns about China’s economy, UK stocks are set to bounce back this morning thanks to a strong close by US markets before the weekend. FTSE LIKELY TO OPEN STRONGER GFT is quoting the FTSE 100 index to open up 30 points from Friday’s close, at a level of 6,002. Elsewhere [...]
WALL STREET WEEK AHEAD January 16, 2011 US bank stocks are flying high, and this week’s earnings could give investors more reason to be optimistic about the sector. Strong results from JPMorgan Chase & Co on Friday bolstered expectations for top US banks, many of which are due to report in the coming week, including Citigroup and Goldman Sachs. Financials have been [...]
Snow losers for traders looking for volatility January 16, 2011 THE Christmas trading results branded companies as either winners or “snow losers” last week. Tesco shocked the market by offering figures that analysts felt paled in comparison to Sainsbury’s. Thanks to 12,000 tonnes of grit, the supermarket deserved to take the title of winner of the festive race. Toy, clothing and leisure retailers also offered [...]
THE WEEK AHEAD January 16, 2011 COMPANY NEWS ● Several large American technology companies will report their results after UK trading hours on Tuesday, including Apple, IBM and Western Digital. ● As will remaining British retailers, including the fashion group Burberry and Carphone Warehouse. ● The budget pub chain JD Wetherspoon will release a trading update on Wednesday, as will bookmaker William [...]
THE TIPSTER January 16, 2011 DISCOUNT pub group JD Wetherspoon has a trading update due out on Wednesday that should offer some insight as to the impact bad weather had on sales in the pre-Christmas period. A degree of this has presumably been priced in already although broker sentiment does seem to be building against the stock. IG Index is [...]
Tesco trading update sends investors running for cover January 13, 2011 BRITAIN’S leading share index fell yesterday as a disappointing trading update from Tesco upset food retailers and tobacco stocks were hit by a broker’s downgrade. At the close, the FTSE 100 was down 26.84 points, or 0.4 per cent, at 6,023.88, after hitting a 31-month closing peak on Wednesday. Tesco was the biggest FTSE 100 [...]
Commodities drag on sluggish Wall St January 13, 2011 US stocks edged lower yesterday, hurt by a slide in drugmaker Merck and as falling commodities prices hit shares of natural resource companies. The S&P 500, however, held near 28-month highs as investors saw stocks’ upward trend continuing, focusing on expectations for strong earnings. Intel confirmed those bets as it posted better-than-expected quarterly earnings and [...]
How a fit blonde girl sparked a £200k idea January 13, 2011 OH MY God, have you seen that gorgeous guy in the library? The one that’s always on the third floor, you must have seen him.” Sounds familiar, doesn’t it? If not, it’s probably because you weren’t at university recently and have forgotten the bizarre methods of procrastination students devise to keep them from their books. [...]
I LEARNT MORE FROM FAILURE THAN SUCCESS January 13, 2011 AUTHOR AND FOUNDER OF ANTAL INTERNATIONAL IBUILT a recruitment organisation which spanned Europe and then nearly lost the whole thing when the market turned down post 9/11. And the fact that it’s now back on its feet again, with offices in 30 countries, is because I learned a lot more from getting things wrong than [...]
