Take a view on the UK with the FTSE 250 June 27, 2010 INVESTORS in the FTSE 100 have endured a difficult couple of months as heavyweight BP’s tumbling share price dragged the rest of the index down with it. But while the blue-chip index has lost almost 13 per cent since the middle of April, the FTSE 250 has fared a little better. It too has suffered [...]
THE TIPSTER June 27, 2010 IT WAS good news for the pound at the end of last week. Sterling-dollar briefly rose above $1.50 last week – its highest point since mid-May – after the markets signalled overall approval of the Budget package. But with the Federal Reserve reiterating its pledge to keep interest rates low for an extended period, the [...]
THE WORLD CUP TIPSTER June 27, 2010 AFTER what was a tense and ultimately (for England) depressing weekend, the remaining quarter final places will be decided over the course of today and tomorrow. Some teams, such as Holland and Brazil, which have sailed through the group stage, appear to be on track to progress – but as the shock exits of Italy [...]
SPREAD BET GURU June 27, 2010 MARKET STRATEGIST josh@cityindex.com Q. Dear Josh, can you tell me how the markets reacted to the emergency Budget presented by George Osborne last week? A. The banks and the retailers all performed strongly in reaction to the budget while the pound also received a boost. We saw banking stocks such as RBS, Lloyds Banking Group [...]
Banks headed higher as governments back BP June 27, 2010 EUROPEAN markets are set to jump higher on the open this morning, with bank stocks most likely to rally following on from the agreement in the US over the details of the financial reform bill which was hammered out last week, and which appears to be less strict than many in the sector had feared. [...]
FTSE sinks to lowest level in a month as Fed’s statement makes investors nervous June 24, 2010 BRITAIN’S FTSE 100 share index fell yesterday as fears over the sustainability of a global recovery hit commodity-linked stocks and banks as risk appetite waned. The FTSE 100 closed down 78.29 points, or 1.5 per cent at 5,100.23 points, its lowest closing level in almost a month after shedding 1.3 per cent on Wednesday. A [...]
Fears over strict financial reform weigh on Wall St June 24, 2010 THE S&P 500 fell for the fourth straight day yesterday as fresh signs of consumer weakness and worries about stringent financial regulation provoked investors to unload positions. The S&P 500 has lost 3.8 per cent in four days, with retailers among the biggest decliners. Banks were pressured by fears Congress would pass stringent rules in [...]
Time to rejig your finances June 24, 2010 HE had promised us a tough Budget and on Tuesday, chancellor George Osborne gave us one – most households will be worse off as a result of the measures announced. But it’s not like we weren’t warned – ever since the coalition government gained power last month, it has been austerity, austerity, austerity. It should [...]
Manage your risk when trading the markets June 24, 2010 For many years, trading the financial markets and spread betting in particular, was felt to be the reserve of City professionals. But advances in technology over the last decade or so and an increased awareness of the impact that the gyrations of financial markets can have on our everyday lives have meant that financial trading [...]
PERSONAL FINANCE NEWS June 24, 2010 PAY BY CARD TO GAIN REWARDS Savvy shoppers could earn substantial rewards by whacking all their day-to-day spending on the plastic. Based on an average household spend of £386.30 per week on a reward credit card, and by paying off the balance in full each month, Confused.com research shows after just one year, some of [...]
