THE LONDON REPORT September 20, 2009 ALL eyes are on authorities on both sides of the Atlantic this week, with minutes of the Bank of England’s latest rates meeting and a decision on US interest rates from the Federal Reserve, ahead of the crucial G20 summit in Pittsburgh on Friday. Imperial Tobacco’s pre-close update on Tuesday is expected to be upbeat, [...]
This is where we see if the galacticos are worth the cash September 20, 2009 WELL, the football season is now in full swing, with bloodshed, controversies over “simulation” and Sir Alex Ferguson laying into his rivals. It’s like it never went away, isn’t it? The big boys get into action this week with the start of the Champions League, and football fans will be eager to see if Real [...]
Platinum offers an alternative trade to gold and silver September 20, 2009 WITH gold’s sudden surge stealing both the headlines and the market’s attention, it is very easy to forget that there are markets in other precious metals. For spread betters looking to move beyond the realms of gold to something altogether rarer and more unique, platinum currently offers a wealth of opportunities. One of the scarcest [...]
FURTHER BAD NEWS TO PUSH BUCK LOWER September 20, 2009 JANE FOLEY RESEARCH DIRECTOR, FOREX.COMAYEAR after the fall of Lehman Brothers, the established rhetoric in the markets is that the shocks that unbalanced the finance system and the global economy have still not dispersed. However, the markets are saying otherwise. Shorting the US dollar has become de rigueur. The euro, Australian and New Zealand dollars [...]
THE TIPSTER BEATING THE RECESSION MENTALITY September 20, 2009 RETAIL sales figures last week might have been disappointing news for the high street, but video game retailer Game Group has typically outperformed other less resilient companies. We will find out whether Game Group is continuing to perform well when it releases its quarterly earnings on Wednesday. The share price has been relatively flat throughout [...]
Mood of markets is upbeat September 20, 2009 Although it’s widely expected that US interest rates will be kept on hold in the 0 per cent to 0.25 per cent range once more in the announcement from the Federal Open Market Committee scheduled at 19:15 London time on Wednesday, talk is picking up that the Fed will start tightening monetary policy sooner than [...]
THE LONDON REPORT September 17, 2009 BANKING and energy stocks fuelled a 0.8 per cent gain for the FTSE 100 by close yesterday, up for a fifth straight day, as sentiment on the outlook for the global economy improved further. Britain’s blue chip index closed up 39.82 points at 5,163.95, its highest close since late September last year, having added 1.6 [...]
NEW YORK REPORT September 17, 2009 US stocks slipped yesterday after a three-day runup on concern recent gains were overextended despite the latest round of solid economic data. Analysts said investors were trying to assess whether further market gains were justified, with the benchmark S&P 500 now up 58 per cent since its early March lows. Shares of financials, energy and [...]
Rewriting the recruitment rule book September 16, 2009 IF recessions tend to spur innovation and clear the way for the groundbreakers, Paul Marsden is hoping he can be this recession’s innovator in the recruitment sector, an industry that made him a multi-millionaire on the eve of the downturn. In 2007, at the height of the market, Marsden sold the boutique financial services recruiter [...]
Markets in Emerging Asia showing Eastern promise for UK investors September 16, 2009 EMERGING markets will, so the optimistic growth story goes, lead the rest of the world out of recession. They sprang back from the Asian crisis of 2007-8, the dot com crash of 2001 and are now, if quarterly GDP data and stock market indices are anything to go by, doing the same again. Asian tigers [...]
