THE LONDON REPORT November 30, 2009 BRITAIN’S leading share index shed 1.1 per cent yesterday, ending at session lows, dragged back by weakness in oil majors and banks on lingering anxiety over the impact of Dubai’s debt problems. By the close, the FTSE 100 was down 55.05 points at 5,190.68, its lowest closing level for three weeks. The blue chip index [...]
THE NEW YORK REPORT November 30, 2009 US STOCKS rose yesterday, helping the Dow post its fifth straight monthly gain, on hopes that possible fallout from Dubai’s debt woes will be contained. Shortly before the market closed, Dubai’s largest company said its planned restructuring of some units involved Bk in debt, easing some concerns about the size of Dubai’s financial problems. An [...]
Dubai reminds traders that stocks are on fragile ground November 29, 2009 DUBAI’S inability to meet its debt payments rattled stock markets across the world last week as the shock announcement sparked new worries about the health of the global economy and governments’ abilities to service their debt. The FTSE 100 index dropped 171 points on Thursday before regaining some of its losses in Friday’s trading. Financial [...]
Investors will hate consequences of a hung parliament November 29, 2009 POLLING DAY is still about six months away but already the battle lines are being drawn between the two main political parties. The general election will add another dimension of uncertainty to 2010, which is already shaping up to be a very volatile year for investors. The general election is a scheduled event so it [...]
THE TIPSTER DUBAI FEARS ARE BATTERING BRITISH BANKS November 29, 2009 THE shock announcement that Dubai World was unable to meet its debt obligations last week put intense pressure on stocks and currencies worldwide. Investors were concerned that British banks might have significant exposure to Dubai and the UK financial institutions got a battering. But with the uptrend of the latest bull run still intact, the [...]
RISK TRADE IS STILL IN PLACE DESPITE DUBAI November 29, 2009 JANE FOLEYRESEARCH DIRECTOR, FOREX.COMTHE shocking news that Dubai is on the brink of default is a reminder that the financial crisis still has a few tricks up its sleeve and the global economic recovery is far from firmly established. Economic data suggests that next year will see only slow growth in the US, Eurozone, Japan [...]
ECONOMIC DIARY November 29, 2009 Monday 30 NovemberUK: November GfK Consumer Confidence (12am)November Hometrack Housing Survey (12am)CBI Service Sector Survey (12am)October Net Consumer Credit (9.30am)October Net Lending Secured on Dwellings (9.30am)October Mortgage Approvals (9.30am)October Final M4 Money Supply (9.30am)Eurozone: November CPI Estimate (10am)US:November Chicago PMI (2.45pm) Tuesday 1 DecemberUK:November PMI Manufacturing (9.30am)November Nationwide House Prices (7am)Eurozone:November PMI Manufacturing (9am)October Unemployment [...]
Fall-out from Dubai shock to continue to hit world stocks November 29, 2009 UK and European stock markets are set to start the week lower, with the aftershock of last week’s Dubai shockwave likely to keep shares under pressure. GFT is quoting the FTSE 100 index to open down 23 points from Friday’s close, at a level of 5,222. The German DAX is also called lower, down 40 [...]
Concern over Dubai’s debts takes toll on Britain’s shares November 26, 2009 Britain’s top shares ended at a three-week closing low yesterday, pressured by hefty falls in the banking sector as concerns over Dubai’s ability to pay its debts took a toll on confidence. The FTSE 100 ended down 3.2 per cent, or 170.68 points, at 5,194.13, its lowest close since November 6, and losses on the [...]
European shares in 3.3 per cent slump November 26, 2009 European shares slipped 3.3 per cent yesterday to record their biggest one-day percentage drop in seven months as concerns about debt problems in Dubai weighed on the market, with banks the major fallers. The pan-European FTSEurofirst 300 index of top shares closed down 33.81 points at 988.14 – its lowest close in three weeks. “The [...]
