EURO BEARS STILL DOMINATE AS CONTAGION RISKS SPREAD May 7, 2012 CHIEF MARKET STRATEGIST The past week was very much a case of “wait and see,” given the US non-farm payrolls data and a slew of economic figures from around the world. In general, the picture was mixed, with stronger figures from the US and China for their manufacturing sectors, but Eurozone and UK data still [...]
Wall St drops ahead of data May 3, 2012 US stocks fell yesterday as economic data sent mixed signals on the recovery a day before the April payrolls report, while shares of Green Mountain plunged after poor results. Slower-than-expected growth in the dominant US services sector drove the day’s trading. The retail sector dragged the market lower after several chains, including Target and Gap, [...]
FTSE ticks up as defensives rise May 3, 2012 BRITAIN’S blue chip-index edged up in thin volume yesterday as gains among defensive stocks offset disappointing trading updates among cyclicals and weak US macro data. The FTSE 100 closed 8.44 points higher, or 0.2 per cent, at 5,766.55 points, having traded only 87 per cent of its 90-day volume average. Some investors were reluctant to [...]
Poor jobs data drags on stocks May 2, 2012 THE S&P 500 and the Dow edged lower yesterday as data showed that private sector hiring unexpectedly fell to a seven-month low in April, sparking concerns that Friday’s key jobs report will also disappoint investors The Dow Jones industrial average dropped 10.75 points, or 0.08 per cent, to 13,268.57. The Standard & Poor’s 500 Index [...]
Oil and banks weigh on FTSE May 2, 2012 BRITAIN’S blue-chip index dipped yesterday, surrendering much of the previous session’s gains as weaker banking and oil stocks outweighed stronger performances from Next and BSkyB, supported by better sales figures. The FTSE 100 closed 54.12 points lower at 5,758.11, or 0.9 per cent lower. Bearish investor sentiment from Europe dragged on the banking sector, with [...]
JOBS of the WEEK May 2, 2012 DIRECTOR LEVEL PRIVATE BANKER DUBAI $200k-$300k pa A leading private bank, with a strong presence in the Middle East and Asia, is looking to add a private banker to its Dubai office. Candidates must have a strong Middle East client base. http://www.cityamcareers.com/job/6897 FRONT OFFICE C++ SOFTWARE DEVELOPER NEW YORK $130k-$185k pa A private institutional quantitative [...]
FTSE closes above 5,800 mark after good US data boosts world outlook May 1, 2012 B RITAIN’S top share index jumped more than one per cent yesterday after stronger-than-expected US manufacturing data gave a lift to global growth hopes, pulling commodity stocks higher. Banks were also in demand as investor risk appetite returned. Shares of Lloyds rallied more than eight per cent after the part state-owned lender reported a £288m [...]
Dow ends at highest level in four years May 1, 2012 THE Dow closed at its highest level in more than four years yesterday after US manufacturing expanded at a faster pace than expected in April, easing jitters about a slowdown in the economic recovery. The Dow Jones industrial average gained 65.69 points, or 0.50 per cent, to 13,279.32 at the close. The Standard & Poor’s [...]
Time to buy your tickets for our trading extravaganza May 1, 2012 CURRENCY trading is as popular as ever, but does it have a place as part of a portfolio of stocks, bonds, and other asset classes? In order to answer it we need to look at a range of factors and cross-market correlations to see where it might fit in with a well-diversified investment programme. We [...]
John Hardy who will be speaking at our trading event considers the dollar’s fortunes May 1, 2012 WE’VE got a pair of important event risks for the US dollar for the rest of this week, including the April ISM non-manufacturing survey on Thursday and the always hotly anticipated US employment report on Friday. These event risks will be critical for testing whether the dollar is set to fall further across the board [...]
