Liquidity measures and new Chinese rules lift the FTSE November 30, 2011 BRITAIN’S top share index rose by the most in nearly eight weeks yesterday after central banks announced coordinated global action to provide liquidity to the financial system and China cut its banks’ reserve requirement ratios. The world’s major central banks acted jointly to provide cheaper dollar liquidity to starved European banks facing a credit crunch [...]
US stocks surge on dollar scheme November 30, 2011 US stocks surged yesterday after major central banks agreed to make cheaper dollar loans for struggling European banks to prevent the Eurozone debt woes from turning into a full-blown credit crisis. The S&P 500 posted its best daily percentage gain since August after the Federal Reserve, the European Central Bank and other major central banks [...]
Don’t stay to the end of every meeting, listen to gossip and make slow choices November 30, 2011 During a 24-year career at McKinsey, John Brady advised chief executives of consumer giants. Here he shares his top ten insights 1. WASTE TIME GOSSIPING Believe in the power of gossip. Most of the really interesting insights I gained as a management consultant happened either when I was chatting in clients’ office doorways at the [...]
How to preserve capital, keep your risks low and hold onto your wealth November 30, 2011 IT IS one of the many paradoxes of life that we tend to save more when times are bad, and less when times are good. The reasoning is simple; when times are good, it does not seem so important to save money, as we feel confident about the future. In the same way, when times [...]
Art investing: Looking at the bigger picture November 30, 2011 PICKING winners in art, as with any investment, isn’t easy – but holding it is a shade more pleasurable than owning shares. Chancellor George Osborne’s announcement in his Autumn Statement that gifts of pre-eminent art to the nation will increase from £20m to £30m in lieu of inheritance tax is an attempt to stimulate gifts [...]
Trying to pour liquidity into a frozen market November 30, 2011 YESTERDAY’S coordinated central bank move flipped the FX markets onto their head, with increased dollar liquidity triggering a sell-off of the greenback, with the euro and the Aussie and Kiwi dollars coming out on top. The announcement came hot on the heals of the news that the People’s Bank of China, the country’s central bank, [...]
The euro is being held up despite the crisis November 30, 2011 AFTER months of deepening crisis across the Eurozone, you’d be forgiven for thinking that the euro may have collapsed against other currencies. Indeed, by many forecasts the euro should have collapsed. However, despite continued uncertainty, spiralling yields and political fumbling, the euro has remained stubbornly resilient.weak dollar over euro strength The Federal Reserve has been [...]
FTSE climbs on US data November 29, 2011 BRITAIN’S blue chip index rose yesterday, building on two straight sessions of gains as strong consumer confidence data from the United States offset renewed concerns about the Eurozone debt crisis. The FTSE 100 added 24.24 points, or 0.5 per cent, to close at 5,337 after turning higher in the afternoon, when data showed US consumer [...]
Confidence up in the US but investors wary November 29, 2011 THE Dow and S&P 500 advanced for a second day yesterday as stronger-than-expected consumer confidence data and hopes for further progress on a solution to Europe’s fiscal mess bolstered sentiment. However, in a sign investors are still nervous about the European debt crisis, defensive sectors such as utilities and consumer staples were among the best [...]
To print or not to print: ECB policy debate November 29, 2011 AS the Eurozone crisis rumbles on, European policy makers are fast running out of ideas. In recent weeks, the calls for the central bank to start printing have grown louder. But is this a wise route to take? “Print your way out” ROGER NIGHTINGALE independent consultant (Below, left) If a motorist, driving along a hilly [...]
