WALL STREET WEEK AHEAD July 25, 2010 WALL Street enters this week on the cusp of a breakout in US stocks, but it will need another spate of convincing earnings reports to feed the rally that sprouted at the end of last week. The markets endured malaise with poor economic data and downbeat testimony from Federal Reserve chairman Ben Bernanke on Wednesday, [...]
Inflation is set to dip but any respite won’t last very long July 25, 2010 TRADERS betting on the consumer price index (CPI) will have pricked up their ears last week at comments from the Bank of England’s chief economist Spencer Dale. Dale surprised analysts by referring to the “evils of inflation” in an interview with the Independent: “A very senior executive said to me: ‘Aren’t we going back to [...]
Gains in black gold will be capped July 25, 2010 SPREAD BETTERS love the volatility created by stormy markets and a veritable storm is brewing in crude oil at the moment – tropical storm Bonnie to be more precise. Fears that Bonnie would disrupt oil operations in the Gulf of Mexico over the weekend, combined with strong economic data, pushed crude oil more than 3 [...]
THE TIPSTER July 25, 2010 ARM Holdings had a cracking start to the year with the company’s share price racing ahead. Signs of a global economic recovery and an increase in corporate spending on technology is helping the sector. But with the share price trading at the top end of analyst estimates, Tuesday’s interims could be the trigger for profit [...]
TECHNICAL GURU July 25, 2010 CHIEF TECHNICAL ANALYST sandy.jadeja@cityindex.co.uk Q. Dear Sandy, what is technical analysis? A. There are two broad schools of thought when it comes to making a decision about when to buy and sell a security in the financial markets. Firstly, there is fundamental analysis, which essentially involves looking at the overall economy, analysing and understanding companies’ [...]
Bank and industry stocks up as FTSE 100 breaks 5,300 July 22, 2010 The FTSE 100 index jumped 1.9 per cent yesterday, boosted by strong banks ahead of today’s European stress test results, and by firmer miners and oils as US stocks rallied on earnings and data. Britain’s top share index closed up 99.17 points at 5,313.81, ending above 5,300 for the first time since 18 May, the [...]
Wall St rallies on corporate outlook July 22, 2010 Upbeat outlooks from economic bellwethers 3M, UPS and Caterpillar catapulted US stocks yesterday as investors shed some of their fears about the strength of the recovery. The parade of prominent names reporting earnings continued after the market’s close with Microsoft, whose shares rose 2.9 per cent in regular trading. The software company reported quarterly results [...]
CGT: the legal implications July 22, 2010 THE initial collective sigh of relief following the chancellor’s announcement of the limited rise in the capital gains tax rate to 28 per cent for higher rate earners has given way to the noise of tapping calculators and the scratching of heads as the number crunchers endeavour to work out exactly who the winners and [...]
Expat Expert: the power of local knowledge July 22, 2010 THANKS to globalisation and modernisation, individuals now have unparalleled levels of choice when it comes to relocation overseas. And London remains an extremely popular destination for individuals looking to experience life in another country – not only is it a hub for transport into mainland Europe and across the Atlantic, it has also retained its [...]
PERSONAL FINANCE NEWS July 22, 2010 DEADLINE FOR ABERDEEN LAT AM FUND The deadline for investing in the Aberdeen Latin American Income Fund is looming. Those wishing to invest must complete an application form and payment must be received no later than 28 July 2010. The fund is the first first UK-listed Latin American closed-end fund with an income bias and [...]
