Hedge fund law will damage City July 6, 2010 RICHARD MARTIN & SEAN DONOVAN-SMITH SPEECHLY BIRCHAM The EU parliament is today expected to vote through amendments to the Capital Requirements Directive concerning bankers’ remuneration. Under the new rules, which will take effect in January 2011, only 30% of any bonus (20% for “larger bonuses”) may be payable immediately and in cash with the remainder [...]
An LLP can bring employment law troubles July 6, 2010 JOANNA BLACKBURN MISCHON DE REYA LIMITED liability partnerships are traditionally associated with law firms, but the LLP structure is increasingly the structure of choice for private equity firms, hedge funds, or other partnerships. An LLP can seem the best way for the business to structure itself. There’s better tax status, limitations of liability, and the [...]
Clouds hover over the second half outlook July 5, 2010 THE last three months have seen a step-change in global markets. After a boom fuelled by fiscal stimuli, financial markets have fallen as governments plan to scale back their support, and the period has been punctuated by a flight to quality assets. So, what should contract for difference (CFD) traders concentrate on as we enter [...]
LABOUR DATA IS A WORRY FOR THE US July 5, 2010 CFD MARKET STRATEGIST, GFT FOR many investors the long weekend in the US couldn’t have come at a better time. On top of Europe’s sovereign debt problems, and signs that Chinese growth is slowing, recent data from the US suggests that the much-hyped economic recovery may be reversing. We have seen housing data sour following [...]
Fears of a double-dip and the stress tests knock European stock indices July 5, 2010 WHAT a difference a year can make. This time last year we were all worrying about the resilience of the American banks should the economic outlook worsen further while cheering France and Germany’s ability to bounce out of recession in the second quarter. Twelve months down the line, the financial markets are worrying about the [...]
THE TIPSTER July 5, 2010 AMERICAN investors come back to the market place today after an extended weekend celebrating Independence Day. After the recent falls in global equities, this US public holiday could instigate a renewed sense of optimism and send stock indices higher, even if only temporarily – look to take advantage of a feel-good rally on the Dow [...]
Weak banks and miners hurt FTSE July 5, 2010 WEAK banks and miners, beset by doubts over the health of the global economic recovery, pulled down Britain’s top share yesterday, while BP rose on media reports it is seeking a strategic investor. By the close, the FTSE 100 index was down 14.56 points, or 0.3 per cent at 4,823.53, having ended 0.7 per cent [...]
European shares at a 6-week low July 5, 2010 EUROPEAN shares fell to their lowest close in nearly six weeks yesterday, with miners weaker on a gloomier economic outlook and volumes thin as Wall Street was closed for the Independence Day holiday. A rise for BP helped stem losses for major indexes. The pan-European FTSEurofirst 300 index of top shares fell 0.3 per cent [...]
Markets nervy over US results and MPC meeting July 4, 2010 A disappointing close on US markets on Friday and low volume from the Independence Day holiday which closes many US markets today is leaving the door open for renewed selling on UK and European markets this morning. GFT is calling the FTSE 100 to open down 12 points at 4,826. The German DAX 40 is [...]
US MARKETS July 4, 2010 US MARKETS closed before the Independence Day holiday on the brink of a bear market after their seventh straight losing session, and the worst week for two months. The S&P 500 lost 4.8 points to 1,022.6 on Friday to finish down 5 per cent for the week, leaving it 16 per cent below April highs [...]
