THE LONDON REPORT November 23, 2009 BRITAIN’S top share index ended sharply higher yesterday, snapping a four-day losing streak, with commodity and banking stocks rallying after comments by a senior US Federal Reserve official. The FTSE 100 index finished up 104.09 points, or 2 per cent, at 5,355.50 and recorded its biggest one-day percentage rise in more than six weeks. The [...]
THE NEW YORK REPORT November 23, 2009 US stocks snapped a three-day losing streak yesterday as stronger-than-expected home sales data fuelled optimism while a weaker dollar boosted commodity-linked stocks. Sales of previously owned US homes rose to their highest level in more than 2-1/2 years last month. That helped to ease concerns about the sector generated last week when another report showed [...]
Win suggests punters should buy England one-day runs November 22, 2009 A SEVEN-WICKET win is a great way for England to start the tour of South Africa, but what does it mean for spread betters? For many, the Test series is of course still the main event, but there are some bets around for punters who can’t wait. Perhaps the tastiest are the bets on the [...]
Fickle spread betters value edge over loyalty November 22, 2009 ZZZSPREAD BETTING has been in the UK for more than a decade now and it has been growing rapidly in popularity among the private investor community. But just who is your typical spread better, why do they use spread betting and what exactly do they think of all the providers battling it out for market [...]
TAKING A VIEW Trading Outlook November 22, 2009 J&65279;ANE FOLEY R&65279;ESEARCH DIRECTOR, FOREX.COMTHE Bank of England’s forecast that the economy will be growing at 4.1 per cent in 2011 is a nice thought, but nobody really believes it. A survey by Bloomberg points to a consensus expectation of just 1.90 per cent in 2011 following a moderate 1.1 per cent upturn in 2010. [...]
THE TIPSTER CHRISTMAS WILL BE KEY FOR TED BAKER November 22, 2009 DESIGNER retail brand Ted Baker indicated that business has been good in recent interims as consumers reacted positively to its current collections. It has seen an 18 per cent drop in profits this year, but sales were up 19.8 per cent from this time last year. Ray Kelvin, its CEO, expects it to weather the [...]
MARKET REPORT November 22, 2009 Kicking off markets for the week, as Asia takes a holiday today – and ahead of the US Thanksgiving break on Thursday – the dollar in New Zealand dropped and Australia’s changed little after both posted their first weekly decline in November so far, as stock market losses hit demand for higher-yielding assets. Both the [...]
Thanksgiving week will hit stocks despite higher start November 22, 2009 UK and European stock markets are set to make a move higher this morning, following on from a rebound in Dow stocks late in the day on Friday off their lows. GFT is quoting the FTSE 100 index to open up 24 points from Friday’s close, at a level of 5,275. The German DAX is [...]
Hike in commodity costs hits miners and energy stocks November 19, 2009 Britain’s top share index fell 1.4 per cent yesterday as sagging commodity prices dented miners and energy stocks, while reduced risk appetite hurt banks. The FTSE 100 ended down 74.43 points at 5267.70, its biggest daily fall for three weeks, after closing 0.1 per cent lower on Wednesday. Miners were the biggest drag on the [...]
Technology firms drive USsell-off November 19, 2009 Technology stocks drove a broad-based US sell-off yesterday as a brokerage took a dim view of demand prospects for the semiconductor sector, while economic data underscored the fragility of the recovery. Bank of America-Merrill Lynch cut its 2010 growth outlook for the semiconductor industry on concerns about a rising inventory glut. It downgraded 10 stocks, [...]
