US results season ends on a high note August 17, 2010 US stocks rose yesterday after earnings from Wal-Mart and Home Depot and a $39bn takeover bid in the agriculture sector bolstered confidence in the corporate outlook. The Dow Jones industrial average was up 103.84 points, or 1.01 per cent, at 10,405.85. The Standard & Poor’s 500 Index was up 13.16 points, or 1.22 per cent, [...]
Investors should look East if they want strong yields August 17, 2010 FIXED income is at a cross roads. While yields on G3 government bonds continue to fall to record lows, investors are left in a quandary: put up with low yields because these are the “safest” bonds in the world, or sell their stakes and move into the higher-yielding debt of emerging markets. Since the onset [...]
EMERGING MARKET DEBT FUNDS August 17, 2010 ABERDEEN GLOBAL – EMERGING MARKETS BOND FUND Launched in August 2001, this fund is managed by Aberdeen’s emerging markets bond team and has $531.1m in assets under management. It aims to create long-term total return by investing in fixed interest securities issued by emerging market firms and government-related bodies. It is a Luxembourg-domiciled SICAV with [...]
FUND MANAGEMENT NEWS August 17, 2010 MORE DISCLOSURE FOR PERFORMANCE FEES This was the recommendation made by Lipper, the independent fund research company. It conducted a survey looking at whether performance fees actually help align the interests of fund managers and investors. It found that two-thirds of UK funds can charge a performance fee if they beat a falling benchmark. Lipper [...]
FOREX HAS A NEW ORDER August 17, 2010 IT WAS not so very long ago that the dollar was firmly in favour among currency traders seeking a safe haven from UK political upheaval and the sovereign debt turmoil in the Eurozone. But now the greenback is struggling too thanks to a raft of poor economic data, fears of a double-dip in the American [...]
EURO FEARS MAY WELL BE OVERBLOWN August 17, 2010 DIRECTOR OF CURRENCY RESEARCH, GFT AS TRADING in the currency markets slows to a trickle during the last few weeks of summer and thoughts turn to the beaches of St Tropez and the Hamptons rather than the latest piece of economic news, don’t be fooled by the lull in volatility. Underneath the placid price action [...]
Israel’s shekel is held back by central bank August 17, 2010 AS THE Federal Reserve announced that interest rates would remain low for the foreseeable future earlier this month, the Bank of Israel (BOI) has been getting ready to hike interest rates. The BOI, which is led by Stanley Fischer, upped interest rates on the back of a spike higher in inflation expectations to 3.2 per [...]
FOREX ANALYST PICKS August 17, 2010 FOREX STRATEGIST DAVID RODRIGUEZ My pick: Short euro-US dollar Expertise: System trading Average time frame of trades: 2-10 weeks I have been looking for an opportunity to fade the euro-dollar recovery for a while now. After a long downtrend, the euro posted a large correction but I believe that the overall shift lower remains intact. [...]
THE TIPSTER August 17, 2010 OFTEN referred to as the “fear index” the volatility index, or Vix, is a measure of investor sentiment. As it rises from its lows, a higher reading points to increasing concerns and uncertainty. ETX Capital is quoting 30.20-30.35 for the September contract. Cable has struggled to break new ground to the upside and technically, it [...]
High achievers look beyond red bricks August 17, 2010 TOMORROW is a date that thousands of families across England and Wales will have indelibly committed to memory. Far from being merely another summer’s day, Thursday 19 August 2010 is A-Level “results day”, a make-or-break day for the career and life plans of thousands of 17 and 18-year-olds. For many, results day will simply confirm [...]
