ROCKY TIMES ARE AHEAD FOR UK PLC November 4, 2009 PETER COOPERLONDON HEAD, BAKER TILLY RESTRUCTURING & RECOVERY LLP NEWS of the UK’s economic contraction for a sixth consecutive quarter startled economists and captains of industry. We believe that administrations could rise once again in the immediate future. One reason is that the number of companies suffering late payment from customers has more than doubled [...]
Why chartered institutes can help to boost your career November 4, 2009 SOME name changes are only cosmetic, but for the financial services industry, the transformation of the Securities & Investments Institute into the Chartered Institute for Securities & Investment (CISI) could improve the careers of many in the City. The body, which has over 40,000 members including stockbrokers, investment advisors, portfolio managers and wealth managers and [...]
CAREERS CLINIC November 4, 2009 RICHARD REID, PINNACLE PROACTIVE I’m stuck in a rut in my job, but don’t want to leave my company at the moment. What can I do to feel more enthusiastic about my working life? THE most important thing you can do is to speak to someone – your manager, an HR person, even colleagues. Suffering [...]
THE LONDON REPORT November 4, 2009 LONDON’S leading shares ended 1.4 per cent higher yesterday, boosted by a rebound from miners and banks, with retailers Next and Marks & Spencer also higher after posting forecast-beating figures. At the close, the FTSE 100 was up 70.68 points at 5,107.89, recouping all of Tuesday’s losses when the index fell 1.3 per cent to [...]
THE NEW YORK REPORT November 4, 2009 US stocks mostly eked out a gain yesterday, pulling back from the day’s rally after the Federal Reserve reiterated its intent to keep rates low, but gave investors few new reasons to boost holdings. Stocks pushed higher in the hour following the FOMC statement, after the Fed kept its benchmark federal funds rate unchanged in [...]
Inverse ETFs are proving to be the ideal tool for bearish day traders November 4, 2009 EARLIER this week, Deutsche Bank launched the first European-listed exchange-traded fund (ETF) that tracks the inverse daily performance of an Asian stock market – Hong Kong’s Hang Seng. The investment bank’s ETF division, DB X-trackers, also announced that it has launched four new European sector ETFs on short daily indices, bringing the number of the [...]
INVESTORS FLOOD BACK TO PROPERTY November 4, 2009 NIZAM HAMIDHEAD OF SALES STRATEGY, iSHARES EUROPE REAL estate has suffered badly during the financial crisis and the very thought of sub-prime was enough to turn even the steeliest investors away from investing in property. But real estate is now a steadier environment and its attractiveness has been helped by its low correlations to other [...]
Carry trade bubble will burst, so be prepared November 3, 2009 DESPITE his notorious doomsaying, everybody does sit up and pay attention to Professor Nouriel Roubini’s views on the market. And earlier this week, he argued that the mother of all carry trades – borrowing dollars and using the proceeds to invest in countries with higher interest rates – faces an inevitable bust, with problems for [...]
JOBS CRUCIAL TO SUSTAIN US RECOVERY November 3, 2009 BORIS SCHLOSSBERGDIRECTOR OF CURRENCY RESEARCH, GFT LAST week I wrote that the recovery trade was starting to hit a ceiling as risk assets stalled at key resistance levels of 10,000 on the Dow, 1,100 on the S&P 500 and 1.50 for euro-dollar. Despite relatively positive economic data from across the G20 this week, the risk [...]
This week’s MPC decision to set the tone for sterling November 3, 2009 IN THE run-up to the Bank of England’s interest rate and quantitative easing decision on Thursday, sterling remains extremely vulnerable to further selling pressure. The Monetary Policy Committee (MPC)’s moves will set the tone for the pound, and for the wider currency market, going into the end of the year. Sterling has pared back some [...]
