US stocks lifted by promise of vote outcome November 6, 2012 US stocks climbed yesterday, the last day of trading before the US election results came to a close, as investors looked forward to a resolution to the drawn-out race for the White House. The rally defied a string of weaker-than expected results from US companies and was attributed in part to expectations that a victor [...]
Learning from models behaving badly November 6, 2012 FOREIGN exchange is the world’s largest and most liquid market. Some estimates put the average daily turnover at $4 trillion (£2.5 trillion). Currency is traded over the counter rather than on an exchange, meaning that the machines do not have to be turned on to get a counter-party to your trade. It is traded 24 [...]
US budgetary stalemate could have a negative impact on the price of gold November 6, 2012 AS A historically close US election comes to an end, the outcome may still be uncertain. But more certain is the less ambiguous outcome of a potential Mitt Romney victory – a negative impact on gold and other metals, due to his intention not to re-appoint Federal Reserve chairman Ben Bernanke when his term expires [...]
FTSE falls on uncertainty over US election and fall in price of copper November 5, 2012 BRITISH blue-chip firms fell yesterday as investors eased back on risky plays ahead of US elections, with miners among the top fallers as they continued to suffer from the low price of copper. At the close, the FTSE 100 was down 29.490 points, or 0.5 per cent, at 5,839.06, in thin trading volumes of 70 [...]
US shares rise in light trade as vote looms November 5, 2012 US stocks advanced modestly yesterday in light trading in one of the year’s quietest sessions on the day before the US presidential election. Whatever the outcome of the race between incumbent President Barack Obama and Republican challenger Mitt Romney, the election’s resolution will finally end the uncertainty that has kept the market stagnant for the [...]
New leaders may help China to boost growth November 5, 2012 THREE ghosts have haunted the global economy in 2012: the Eurozone crisis; the looming US fiscal cliff; and decelerating growth in China’s economy. But as worries over China lessen, traders will be relieved that one of these ghosts may soon be exorcised. After the speed of GDP growth began to decline towards the end of [...]
The economic outcomes of a close call election November 5, 2012 FX360 AS AMERICANS go to the polls to decide their President for the next four years, the race is at deadlock, with both candidates still in pursuit of every possible vote. Once the ballots have been counted in the early hours of tomorrow morning, it is hard to imagine that there won’t be some degree [...]
The Tipster | Come FlyBe with me November 5, 2012 EUROPEAN carrier FlyBe Group has been punished by high fuel prices and cooling demand from business passengers. Shares have slid by almost 30 per cent in the last 12 months, and traders will be looking to Thursday’s interim statement for guidance on how the company expects to benefit from its partnership with the Nordic carrier [...]
How the dollar could predict the US victor November 5, 2012 Forget the exit polls and track how the greenback reacts tomorrow TUSCAWARAS. Volusia. Arapahoe. Investors looking for early signs of the outcome of the US presidential election tomorrow will want to scrutinise results from these three swing counties in Ohio, Florida, and Colorado respectively. Or they could just watch the dollar. The dollar, rather than [...]
Raft of firms set to release figures as Bank debates if more QE needed November 4, 2012 THE biggest question for UK investors this week is whether the Bank of England’s Monetary Policy Committee (MPC) will opt for more quantitative easing. The decision, which will be announced on Thursday, comes after strong jobs and GDP data. “Strong third quarter GDP data suggested that underlying growth was slightly stronger than previously thought and [...]
