Uncertainty to keep US and UK bond yields at their low levels July 4, 2010 SINCE the start of April, yields on US, UK and German government bonds have only been going one way and that’s down. Surprising as it might seem, they are all perceived to be relative safe havens as fears of a double-dip recession escalate and the Eurozone debt turmoil appears to rumble on. On Friday, a [...]
THE TIPSTER July 4, 2010 GOLD took a spectacular tumble at the end of last week, falling to as low as $1,196 at one point on Thursday. There were rumours that the fall was caused by some funds liquidating long gold positions to fund margin calls in other products such as equities; and the dollar took a hammering. The $1,196 [...]
THE WORLD CUP TIPSTER July 4, 2010 JUST four teams are now left in the 2010 World Cup and, shockingly, one of them is not Brazil. After England’s disastrous exit, at least we can look on all of these latest developments with almost dispassionate interest. It is certainly perfect for spread betters. As readers will know, Holland beat Brazil on Friday 2-1 [...]
SPREAD BET GURU July 4, 2010 MARKET STRATEGIST josh@cityindex.com Q. Dear Josh, how serious is the threat of a double dip recession in the UK? A. The moves in the markets last week show you just how concerned investors are that a dip back into recession could be a real possibility for the economy. If you take a look at the [...]
Lowest FTSE close in ten months as US manufacturing lull fuels double dip fears July 1, 2010 BRITAIN’S top shares hit a 10-month closing low yesterday as downbeat data from the US, China and Britain sparked double-dip recession fears, triggering a broad sell-off, with banks and miners the hardest hit. The FTSE 100 fell 111.12 points, or 2.3 per cent, to 4,805.75 – its lowest close since 3 September 2009. Markets were [...]
Labour figures and metal miners drag on Wall St July 1, 2010 US stocks fell yesterday as manufacturing and labour market data heightened fears of a double-dip recession before today’s key employment report. Major indexes were lower for a fourth straight day after suffering their worst quarter since late 2008, but losses eased near the end of the session. The Dow Jones industrial average dropped 41.49 points, [...]
Pick your money manager wisely July 1, 2010 AS A nation, we are apparently more likely to seek professional advice on our hair, our gardens and our cars than on our personal finances. Yet with the growing number and complexity of products on offer, it is becoming more important for people to seek advice before they take a decision – particularly if their [...]
fine wine is the ultimate liquid asset July 1, 2010 GARY BOOM MD & FOUNDER OF FINE WINE MERCHANT BORDEAUX INDEX Welcome to what is the first in a series of short articles looking at wine investment. While the City is well acquainted with the sensory pleasures of wine, it tends to be much less familiar with holding and trading wine as an asset. With [...]
Master of the antiques world July 1, 2010 ECCENTRIC springs to mind when I meet Thomas Woodham-Smith. He bounds into the Mallett showroom on Bond Street where he is managing director, second to chief executive Giles Hutchinson Smith, and shows me a picture he had taken on his way to the interview: “It’s a happy piece of string, I just saw it lying [...]
It’s official, hard graft is in fashion July 1, 2010 ALEX PRATT ENTREPRENEUR IN THE beginning the word was George. And George said, “Let there be cuts”. And there were cuts. And George saw that the cuts were good…. So what are we to do at this dawning of the new Age of Austerity? We’re hardly likely to move our offices north to take advantage [...]
