FTSEgiven boost by strong gains in energy and mining October 19, 2009 Britain’s top shares added 1.8 per cent yesterday, lifted by gains in miners and energy issues as commodity prices rose on an improved demand outlook and investors looked towards further earnings news from the United States. The FTSE 100 ended 91.30 points higher at 5,281.54, a new peak for 2009 on the 22nd anniversary of [...]
After-bell earnings from Apple impress October 19, 2009 US stocks rose to fresh 12-month highs yesterday as optimistic investors rode a wave of solid quarterly earnings, which continued after the session’s close when Apple’s shares jumped on its results. Earnings from companies, including Gannett, which beat analysts’ expectations, and positive broker commentary on Caterpillar further encouraged investors looking for confirmation the economy is [...]
The time has finally come to take a punt on the recovery October 18, 2009 THIS week’s eagerly anticipated third quarter GDP figure will be make or break for the UK economy. A return to growth, however modest, will confirm that the darkest days of the recession are indeed over and that we are on the slow path of recovery. But with recent industrial production data showing an unexpected slump [...]
The 10,000 mark means it’s time to short the Dow October 18, 2009 EQUITY bulls must have felt rather smug last week when the Dow Jones Industrial Average (DJIA) broke through 10,000 on the back of bumper profits from investment banks JPMorgan and Goldman Sachs. Good results from Google, Intel and IBM also added to the market optimism that has been fuelling the index’s meteoric rise. The third [...]
POOR DATA TO KEEP LID ON STERLING RISE October 18, 2009 JANE FOLEYRESEARCH DIRECTOR, FOREX.COM AFTER falling to multi-month lows against both the euro and the US dollar, sterling was squeezed aggressively higher last week. The generally weak dollar allowed cable (sterling-dollar) to return to its best levels for over three weeks and against the euro, the pound only managed to win back about a fortnight’s [...]
THE TIPSTER MACRO DATA KEY TO THE WEEK AHEAD October 18, 2009 WITH a slew of macroeconomic data on the way, sterling-US dollar – otherwise known as cable – is sharply in focus this week. Although the pound made some solid gains at the end of last week, these may well be reversed on Friday when the UK third quarter GDP figure is released. Forecasts have been [...]
Range of large cap firms set to give markets an overview October 18, 2009 THERE is a mixed bag of companies reporting this week, but the diverse selection will give investors plenty to digest. FTSE 100 software company Autonomy will post its third quarter results tomorrow, though its management have already signalled that it will be another strong performance. It said earlier this month that it expects to report [...]
Another see-saw week ahead in US October 18, 2009 AFTER a week in which we saw US earnings good and not so good stimulate the Dow to both push through the 10,000 level and then close below it, this week could well see the see-saws continue as the corporate results keep on coming. Expect to be swamped with almost half of all the stocks [...]
Banks take FTSE 100 lower after US figures disappoint October 15, 2009 THE FTSE 100 closed lower on yesterday as banks fell after US banking earnings failed to meet some expectations, while miners tracked metal prices down. The index ended down 0.6 per cent, or 33.15 points at 5,222.95, retreating from a 56-week closing high set on Wednesday. Although third-quarter earnings from Goldman Sachs and Citigroup came [...]
Energy pushes the Dow to 2009 highs October 15, 2009 The Dow industrials and the S&P 500 climbed yesterday to 2009 closing highs, buoyed by energy stocks as oil prices jumped, but financials retreated as investors panned results from Goldman Sachs and Citigroup. The Nasdaq eked out a slim gain, but shares of big-cap tech companies, including Apple and Google, dragged. Google lost 1 per [...]
