Wall St suffers third straight drop after late slide May 15, 2012 US stocks fell for the eighth day in the past 10 yesterday as uncertainty stemming from the political stalemate in Greece gave investors another reason to be cautious and sellers came out in force late in the session. The S&P 500 fell for the third straight session as attempts to form a government in Greece [...]
Join City A.M. next week for our special trading event May 15, 2012 IN EUROPE, as well as globally, retail and institutional investors have been steadily embracing the use of exchange-traded funds (ETF). The move to ETFs is being driven by several factors: 1) ETFs offer a toolbox: providing diversified, liquid, transparent and cost-efficient benchmark exposures in a fund structure to a wide array of asset classes and [...]
MEET THE PANEL: LISTED PRODUCTS MASTERCLASS 11.30AM – 12.20AM, 24 MAY May 15, 2012 There has been huge interest in exchange-traded funds (ETF), covered warrants and other listed products over the past few years. Retail investors now have more freedom to trade commodities such as gold, silver and oil as well as indices such as the FTSE and Dow. Our panel will debate the merits of this exciting new [...]
With chief executives toppling – the shareholder is king this spring May 15, 2012 IT’S been four years since the darkest days of the global financial crisis, but its reverberations continue. From all sorts of different stakeholders, numerous reports and reviews have been launched to look into the causes of the crisis and there have been plenty of recommendations for reform to prevent lightning from striking twice. Up until [...]
NEW YORK REPORT May 14, 2012 US stocks slid yesterday as investors dealt with the one-two punch of worsening political upheaval in the Euro zone and the possibility that China’s economy may be softening more than previously thought. Economically sensitive shares, including banks and energy companies, paced the decline. Exxon Mobil lost 1.2 per cent to $82.12. The NYSEArca oil index [...]
LONDON REPORT May 14, 2012 BRITAIN’S stock market slumped to its lowest level this year yesterday and looked poised for further falls, with cheap valuations unlikely to lure back investors while concerns persist over Europe’s debt and the health of the global economy. Heavyweight energy and mining stocks made the biggest dent on the FTSE 100, with another cut in [...]
France surrenders its austerity plans May 14, 2012 THE French markets took a tumble yesterday on fears of a Greek exit from the Eurozone – the Paris Bourse index, the Cac 40, was already looking vulnerable with the fears that socialist President Francois Hollande would scratch the country’s signature from the European fiscal compact and abandon France’s attempts to take a grip of [...]
RISK ASSETS SAG WITH CENTRAL BANKS ON HOLD May 14, 2012 FX360 INVESTOR sentiment has turned less bullish over the last couple of months, with a marked pull-back in risk assets since the beginning of May. This contrasts with the sharp rally in major global stock indices, precious metals and oil that ran throughout the first quarter of this year. The current sell-off followed the news [...]
THE TIPSTER Aviva shedding profits and chief execs May 14, 2012 TO lose a chief executive is always rather unfortunate, but Aviva’s long-suffering shareholders must be hoping that Andrew Moss’s departure will allow the company to begin a recovery operation, but any effort will be long and involved. A possible sale of the non-life insurance operations might help shore up the capital base, but the group’s [...]
Hollande cannot be ultra radical May 14, 2012 FOR the third year running, Greece has managed once again to steal the limelight in the month of May. The Greek elections have managed to eclipse the results of the French elections, which resulted in one of the biggest political shifts seen in a major European economy in almost two decades. While events in Greece, [...]
