Banking shares lead FTSE as debt in Eurozone makes UK a safe haven November 12, 2012 BRITAIN’S FTSE 100 finished flat but outperformed European stocks yesterday, led by a financials sector that bucked the broader European trend as investors sought refuge from Eurozone debt distress. Financials, the broad sector which includes banks, insurers and asset managers, added 9 points to the FTSE 100 and ensured the blue-chip bourse finished in positive [...]
UK gilt yields may be ready to spike higher November 12, 2012 IF UK government bond yields jumped rapidly, the UK could be plunged into a credit crisis that would make the last time look mild. Institutional investors would be lumbered with illiquid assets that they could not shift, paralysing money markets. The chances are slim; but previous crises have taught us to be prepared. The UK [...]
How to trade a potential Greek exit from the euro November 12, 2012 FX360 TODAY Greece goes to the market with a €6bn (£4.8bn) bond auction. The country is looking to pick up sufficient funds to pay back the €5bn that falls due on Friday. Although the budget cuts that were approved on Sunday should be enough to release another tranche of emergency aid, there’s still the outside [...]
The Tipster | Miner to hit a rock November 12, 2012 SHAREHOLDERS in copper miner Antofagasta have had a mixed year, with the current rally hitting a solid rock around the £13.50 mark. Although production updates point to continued progress, doubts still persist whether the company can meet its full-year target. A slowing Chinese economy continues to cast a long shadow over the share price. IG [...]
It is still not clear whether China’s new leaders will advance economic reform November 12, 2012 JUST days after the re-election of Barack Obama in the world’s biggest economy, China is deciding who will run the world’s second largest. For investors looking to put their money into this fast-growing market, understanding both the views and backgrounds of China’s new leaders is of the utmost importance. Hopes are high that this leadership [...]
Analyst picks for 13 November 2012 November 12, 2012 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Long Aussie dollar-yen, euro-dollar and gold Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few days New trades were initiated on Friday, with the intention of looking for 1 to 2 per cent bounces from each. Although the risk environment has been [...]
Congress may kick the fiscal can off its cliff November 12, 2012 AS WE rumble towards 31 December, US policymakers seem to be doing little of substance to address America’s looming fiscal cliff. And unless making speeches about the problem is going to make it go away, it is highly likely that we will see the kind of market uncertainty that we last witnessed in the summer [...]
Inflation on the way up again as energy bills and tuition fees strike November 11, 2012 INFLATION will be back in the spotlight tomorrow when official figures are released, followed by the Bank of England’s quarterly Inflation Report on Wednesday. While the Consumer Price Index (CPI) fell to 2.2 per cent in September, it is expected to increase again due to rising tuition and energy bills. “We expect the CPI to [...]
Wall Street sell off likely over market worries November 11, 2012 WALL Street’s post-election sell-off may pick up speed in the coming weeks as worries mount about the looming fiscal cliff and technical weakness suggests a possible correction ahead. The benchmark Standard & Poor’s 500 closed below its 200-day moving average – a measure of the market’s long-term trend – on Thursday for the first time [...]
A furniture retailer who rejects the high street November 11, 2012 I MEET Ning Li at Made.com’s new showroom in Notting Hill. I’m assured it’s not the online company’s first step towards being just another high street furniture retailer, but a new way to “engage with customers”. Indeed, Li believes Made.com’s success hinges on its deliberate avoidance of the high street for exclusively online retailing. Growing [...]
