Worrying stats help pull Wall Street lower July 24, 2012 WALL Street stocks fell yesterday, hit by signs the Eurozone crisis is worsening and evidence that Europe’s slowdown is hurting US companies, including bellwether UPS. The decline was the third straight for the S&P 500 index, which tested its 50-day moving average, a technical support level that could trigger more selling if convincingly broken. United [...]
EDF Energy is whipping up a storm of innovation for electric vehicles July 24, 2012 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 2 DAYS TO GO London’s charge point upgrade will be a lasting legacy THE atmosphere will be electric when the world’s greatest athletes compete at London’s Olympic Games over the coming weeks. But the power needed to stage the greatest show on earth has to come from somewhere, [...]
An energetic tool to help manage business ambitions July 24, 2012 THE word legacy is somewhat overused. But Visi – the real-time energy monitoring technology, installed by EDF Energy at sports venues across the Olympic Park – has a business case that reaches beyond the Games. Visi (see screenshot right) helps energy managers understand and reduce electricity consumption. It will remain at the Olympic Stadium, Aquatics [...]
FTSE plummets into red territory for 2012 as Europe worries return July 23, 2012 BRITAIN’S top share index plunged yesterday to its lowest level in three weeks and fell back into the red for the year as fresh Eurozone worries hit banks across the continent, while technical charts pointed to further weakness over the summer. Eurozone concerns focused on Spain, whose ten-year sovereign bond yields spiked to more than [...]
Stocks suffer from euro fear on Wall Street July 23, 2012 US STOCKS fell for a second straight session yesterday, as Spain appeared closer to needing a national bailout and poor corporate results weighed on the market. Weak results from McDonald’s added to the cautious tone on Wall Street. Materials stocks were among the day’s weakest, hurt by across-the-board declines in commodities prices. Still, stocks ended [...]
Trading trends change despite a stuck record July 23, 2012 AFTER a disappointing summer to date, we finally have some sunshine. But in the European markets, things are distinctly more gloomy. Italy and Spain have both brought in short selling bans. Their financial equities have taken a battering as the market lacks confidence in their long-term funding abilities. Both markets saw short-term relief rallies before [...]
CONSIDER YOUR STRENGTHS BEFORE STARTING TO TRADE July 23, 2012 THE SUMMER outlook is somewhat hazy – weather-wise and economically. In addition, there’s a large sporting event about to take place, which is set to make life difficult for anyone who lives or works in London. The likelihood is that trading volumes will be lighter than ever over the next month or so, as market [...]
THE TIPSTER | Brewing up a storm despite the sun July 23, 2012 SABMiller will serve up its trading announcement later this week. Investors will be hoping that news from the brewing giant will brim with plenty of fizz if its share price is to hold on to an 18 per cent gain for the year so far. The company’s increasing shift into emerging markets has helped it [...]
Commodities face a hard landing July 23, 2012 AS THE European economy shows no sign of pulling itself up by its own bootstraps, and with the US hardly faring any better, markets have been heavily dependent on Chinese demand to bolster commodity prices. But the predictions from a Chinese central bank adviser over the weekend did little to give markets confidence that the [...]
Analyst picks for 24 July 2012 July 23, 2012 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Short Aussie dollar-dollar, long dollar-yen Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few days Our initial Aussie dollar-dollar short from $1.0265 was stopped out at break-even, but a new position was initiated on Thursday at $1.0425, seeking levels below $1.0200. The [...]
