WALL STREET WEEK AHEAD October 3, 2010 AS September’s surge fades into a fond memory, the question for the US stock market is: Now what? The market shook off the summer doldrums last month, breaking out of a stubborn trading range and giving investors the second-best September on record with a gain of 8.8 per cent on the S&P 500. It also [...]
Clearing away spread betting misconceptions October 3, 2010 SPREAD BETTING has become much more mainstream over the past decade but there still exist plenty of myths and misconceptions about how providers actually operate, leaving traders liable to be confused and frustrated. Here we clear away the some of the confusion surrounding the industry. It is certainly not the case that the whole system [...]
THE TIPSTER October 3, 2010 SUPERMARKET J Sainsbury had a bumper summer with the share price plotting a course towards the 400p mark. The trading statement, due mid-week, has potential to bring buyers back in. For as long as talk of a double dip recession is kept at bay retailers may be in for a good Christmas. But be warned, [...]
ETX joins the iTrade party with new app October 3, 2010 SPREAD betting and contracts for difference (CFD) provider ETX Capital this week joined its peers in bringing out a customised iPhone app to let traders alter their positions on the go. ETX now joins IG Markets, City Index and GFT as one of many brokers with an iPhone-specific trading platform. And, judging by the others’ [...]
SPREAD BET GURU October 3, 2010 MARKET STRATEGIST josh@cityindex.com Q. Dear Josh, I am starting to trade more on my mobile. What should I be careful of? A. First and foremost, I think mobile dealing is fantastic. It allows you to keep abreast of the markets wherever you are, whenever you want. With many markets available to trade 24 hours a [...]
FTSE falls on weaker banks, despite advance made by BP September 30, 2010 BRITAIN’S FTSE 100 closed lower yesterday as weaker banks outweighed gains from energy stocks on stronger crude prices and comments suggesting BP could resume paying a dividend in 2011. The FTSE 100 closed 20.65 points, or 0.4 per cent lower at 5,548.62. It gained 6.2 per cent in September and 12.8 per cent in the [...]
Wall St slips, but logs strong quarter September 30, 2010 WALL Street wrapped up its best quarter in a year yesterday with the S&P and Nasdaq logging in the biggest monthly gains since April 2009, as data showed the economy isn’t in such bad shape. Defying September’s track record as the worst month for stocks, the S&P 500 was up 8.8 per cent. In the [...]
If fear of HMRC gets you down, cut a deal now September 30, 2010 THE Revenue net is closing in,” warns DLA Piper partner Simon Airey. “They’re creating a little bit of fear, which is what the HMRC like to do.” Sensing a public mood that is increasingly hostile to those who don’t pay UK taxes, treasury secretary Danny Alexander recently earmarked £900m for investigations into offshore tax evasion. [...]
SUMS ADDING UP FOR THE 2009 LAFITE September 30, 2010 MD & FOUNDER OF FINE WINE MERCHANT BORDEAUX INDEX BACK in late June, our analysts presented me with their prognosis for 2009 Bordeaux. The en primeur campaign at the time had already become the largest in history and despite high initial releases, prices were still going up extremely fast in the secondary market. Activity, however, [...]
Designing the family business September 30, 2010 DANIEL Taylor used to have a corporate job. In fact, he was the European managing director of a BTR subsidiary for 10 years. “I worked a lot. I missed out on the early years of my first two children.” Taylor says this as he sits in a large executive chair, looking relaxed and cheerful. Taylor [...]
