Wall Street cheers as CIT is rescued July 20, 2009 US stocks jumped yesterday, driving the S&P 500 to an eight-month closing high, after stricken lending giant CIT Group was thrown a lifeline to avoid bankruptcy, and investors bet corporate America would log another strong set of earnings this week. Broker upgrades of technology bellwethers, including Cisco Systems, propelled the Nasdaq to its ninth straight [...]
Plenty for markets to feast on as firms update investors July 19, 2009 REPORTING season is definitely upon us and this week offers up a cornucopia of corporate reports for the markets to devour. Dominos Pizza UK & Ireland serves up the first slice today and investors will be keen to hear whether the firm has continued to be a recession winner. It reported a nearly 10 per [...]
US corporate news continues to rule July 19, 2009 BEN Bernanke, chairman of the US Federal Reserve, will make his semi-annual report on monetary policy tomorrow at 2pm London time. It’s expected to take a fairly upbeat overall tone on the state of the economy, but the markets will be focussing on the implications of his thoughts on inflation, and the merest hint of [...]
High volatility will add sizzle to your summer trading July 19, 2009 DURING the summer months, the stock markets, like everything else, quieten down in July and August as people head off on holiday and companies scale back their activity. The result is noticeably lighter trading volumes and relative illiquidity in the markets. As a spread better, you might therefore be inclined to take a break like [...]
ASIAN SURGE DEPENDS ON US RECOVERY July 19, 2009 JANE FOLEY RESEARCH DIRECTOR, FOREX.COM STRONG earnings reports from both Goldman Sachs and Intel and an improvement in some economic data releases last week partially cleared the cloud of economic gloom that has been hanging over the global recovery. The particularly strong gains in Asia finally added some substance to the belief that the global [...]
THE TIPSTER NEW SHARES PLACING LIFTS SAINSBURY’S July 19, 2009 PHARMACEUTICAL company GlaxoSmithKline will report its second quarter results on Wednesday and so far this year the stock has only risen 11 per cent since its March low of around £10, whereas the FTSE 100 has rallied some 24 per cent. Wednesday’s figures might give the drug maker the boost it so badly needs. Capital [...]
Autonomy slips on missed forecasts but banks lift FTSE July 16, 2009 UPBEAT results from JP Morgan boosted banks while energy and pharmaceutical stocks also gained, leading Britain’s top share index to close at a one-month high, up for a fourth session yesterday. The index was trading in slightly negative territory in early trade but the JP Morgan results which were announced around mid-session lifted the FTSE [...]
JPMorgan adds to cheery mood in US July 16, 2009 US stocks rallied for a fourth day yesterday after JPMorgan’s strong results fed growing optimism about the quarterly earnings season and technology shares rose in anticipation of more good news. Gains in International Business Machines helped the market shake off its earlier malaise. The broad S&P 500 extended the week’s gains to tally its best [...]
Goldman Sachs and Intel trigger bumper day on FTSE July 15, 2009 STRONG corporate earnings numbers and improving economic data from the US lifted the blue chip share index by 2.6 per cent to its highest close in four weeks yesterday. Led by energy firms and banks, the FTSE 100 index ended up 108.78 points at 4,346.46, its third day of gains. The UK benchmark is up [...]
Wall Street books impressive gains July 15, 2009 US stocks jumped yesterday with the S&P 500 racking up its three best days since March, sparked by results from bellwether Intel that lifted hopes for a rebound in technology spending and improved corporate profitability. The broad S&P 500 has gained 6.1 per cent so far this week as companies, including Intel and Goldman Sachs, [...]
