‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Gilt prices fall off a cliff after Darling’s PBR December 13, 2009 IT IS probably fair to say that chancellor Alistair Darling’s Pre-Budget Report (PBR) has failed to calm investors’ fears over the state of the country’s public finances. In spite of yet another warning that Britain’s prized triple-A credit rating on sovereign debt was at risk, Darling slackened the pace of fiscal tightening over the next [...]
Copenhagen will set the agenda for carbon trading December 7, 2009 AFTER months of preparation, wrangling and hype, the world’s leaders have finally descended on Copenhagen for the UN Climate Change Summit, where they will attempt to thrash out a successor to the 1992 Kyoto Treaty. The stakes could not be higher. The Kyoto agreement expires at the end of 2012 and it has done little [...]
US JOBS DATA STRENGTHENS HAWKS’ CASE December 7, 2009 DAVID MORRISONCFD MARKET STRATEGIST, GFT FRIDAY’S non-farm payroll report was, on the face of it, a really positive piece of news to take us up to the end of the year. Although 11,000 jobs were lost in November, this was the lowest number of losses for two years. On top of that, there were hefty [...]
THE TIPSTER December 7, 2009 GOLD bugs will have been disappointed with the sharp correction in the precious metal as it was unable to sustain its record highs above $1,200 an ounce. But for now gold seems to have found some support around the 23.60 per cent retracement when drawn from the April low so this could present a good [...]
CFD PROFILE CARBON EMISSIONS December 7, 2009 Spread: 14 basis points plus underlying market spreadMargin Requirement: 10 per centTrading Hours: 7am – 5pmCurrency: Euros(information from GFT) This contract is based on the ICE European Climate Exchange near-month futures contract. One CFD with GFT is equal to 100 metric tonnes of carbon emissions. The market is liquid enough for providers to offer CFDs [...]
FTSEdrops as windfall tax worries offset mining gains December 7, 2009 Britain’s top shares ended 0.2 per cent lower yesterday, with banks weak on concerns over a possible windfall tax, offsetting modest gains in miners and energy stocks which rebounded from earlier losses. The FTSE 100 closed 11.70 points lower at 5,310.66 points, paring some losses from earlier in the session when the index dropped to [...]
WallStreet falls on recovery fears December 7, 2009 The S&P 500 and Nasdaq ended slightly lower yesterday and the Dow was flat, reversing earlier gains, after comments by Federal Reserve Chairman Ben Bernanke sparked jitters about the economic recovery. Financial and technology shares were among the biggest drags on the market. The S&P lost 1.6 per cent while the KBW Bank Index shed [...]
Pharma stocks to surprise in 2010 as market gets exciting December 6, 2009 A STOCK that is safe, highly defensive and very boring is not exactly the sort of thing that you might be looking for in order to add excitement to your portfolio at a time when the world is emerging from recession and global equity markets are booming. But boring old pharma is back in favour [...]
JAPAN GETS SERIOUS ON YEN STRENGTH December 6, 2009 BRIAN DOLANCHIEF CURRENCY STRATEGIST, FOREX.COMAFTER months of confusing rhetoric over currency policy, the new Democratic Party of Japan (DPJ) government led by Yukio Hatoyama appears to have finally got serious over combating yen strength. Japanese investor and corporate sentiment have been pummelled by daily gains in the yen, which have undercut exporters’ profits and caused [...]
THE TIPSTER TESCO COMES UNDER SELLING PRESSURE December 6, 2009 THERE’S no doubting supermarket Tesco’s market dominance nor its ability to make billions of pounds worth of profit. But its share prices has come in for a little profit taking ahead of its third quarter sales, which are due tomorrow. From a technical point of a view, the chart suggests that a head and shoulders [...]
