China’s thirst is beginning to quell July 9, 2012 CHINESE domestic demand isn’t keeping pace with its industrial production. According to figures released at the weekend, Chinese June consumer price index-based inflation figures (CPI) fell to 2.2 per cent year on year, down from 3 per cent in May. Chinese macro statistics are notoriously unreliable, with suspicions that the communist government smoothes figures by [...]
Analyst picks for 9 July 2012 July 9, 2012 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Short Aussie-dollar, long dollar-yen, short euro-yen Expertise: Fundamental and technical analysis Average time frame of trades: A few hours to a few days Our bearish risk case continues to build, and we now have some compelling technical cases for a further flight to safety ahead. Mainly, we look at [...]
LONDON REPORT July 8, 2012 ALL eyes will be focused on the Treasury Select Committee hearing today, as deputy Bank of England governor Paul Tucker presents his side of the story in the Barclays/ Libor scandal. His appearance will be followed tomorrow by one from Marcus Agius, the former Barclays chairman. Today sees trading updates from housebuilder Bovis – expected [...]
WALL ST THE WEEK AHEAD July 8, 2012 WALL Street has been running in circles for the past two months, and the pattern may continue despite the upcoming start of the earnings season. Quarterly report cards from blue-chips Alcoa and JPMorgan this week could fade into the background as traders jockey for position before key data from China and more central bank headlines. [...]
What to ask your financial adviser to avoid costly fees July 8, 2012 Big changes are happening in the way you are charged – you need to understand this new investment landscape ARE you ready for the retail distribution review (RDR)? After many years in the planning, the implementation of the RDR is quickly approaching on 1 January 2013. While it will change the way financial advice is [...]
Modern means for managing your money July 8, 2012 YOU’VE probably changed the way you buy airline tickets and car insurance over the last decade, and it’s likely that you shop around on the internet or buy through price comparison sites. But what about the way you invest your own money? Some of us do it ourselves, some leave it to a trusted adviser, [...]
FTSE ends higher but Europe closes lower as two-month high fades July 5, 2012 BRITAIN’S top share index closed up but off session highs yesterday as markets fretted over global growth prospects, despite moves by central banks to boost flagging economies. Miners closed slightly higher after China surprised the market by cutting interest rates for the second time in two months. But in a sign of investor caution after [...]
Wall St edges lower ahead of non-farm data July 5, 2012 US stocks edged lower yesterday as economic stimulus measures by major central banks failed to excite investors before a US jobs report expected to show tepid growth. After the S&P 500 index’s strongest three-day run this year, investors stepped back, leaving the broad index and the Dow modestly lower and the Nasdaq essentially flat. Trading [...]
FTSE ends flat in thin trade with US shut and all eyes on central banks July 4, 2012 BRITAIN’S top share index edged down in thin trade yesterday, moving within a tight range as investors awaited central bank meetings today that many expect to result in fresh economic stimulus. A US holiday contributed to low volumes across the market, at less than half the 90-day daily average, with many investors preferring to wait [...]
Miners lead the FTSE 100 upwards in the hope of economic stimulus July 3, 2012 BRITAIN’S top share index hit two-month highs yesterday, extending gains into a third session as investors readied for more economic stimulus after surprise action last week at an EU summit to tackle the festering Eurozone debt crisis. But traders said the rally could be short-lived and the market may face downward pressure starting next week [...]
