Bears forecast another slump in the market August 16, 2009 FOR the past two months, the bulls have been back in force, pushing the markets higher than anybody had thought possible. But last week, some of the City’s biggest bears struck back, predicting a second slump in global equities between now and the end of the year. While many analysts have thought that the most [...]
THE TIPSTER RESOURCE STOCKS ARE IN FAVOUR August 16, 2009 RESOURCE stocks are still in favour this week thanks to improved optimism about the economic recovery and Chinese expansion. Among the larger-caps, India-focused metals group Vedanta Resources made an improved bid for bankrupt US copper miner Asarco last week, which saw the firm’s share price jump 5 per cent in two days, to hit a [...]
Freddie’s final fling looks worth a punt August 16, 2009 SAD to say, anybody who put money on the number of points that Michael Schumacher would make in his glorious return to Formula One for Ferrari will have wasted their money, following the news that the old champ’s neck is not up to the rigours of motor-racing. Thankfully, though, there are still spread bets to [...]
IT’S A ROCKY ROAD AHEAD FOR RECOVERY August 16, 2009 JANE FOLEYRESEARCH DIRECTOR,FOREX.COM FOLLOWING a pullback in early July, the S&P 500 has forged ahead this summer, lifted both by a round of earnings reports in which over 70 per cent of US companies beat estimates and some better news on the global economy. The rally in stocks has coincided with a rally in other [...]
Rio Tinto to dominate week amid thin corporate calender August 16, 2009 Many heavyweight companies have reported and there are signs of things tailing off as we head towards August bank holiday. However, that is not to say that the corporate calendar will not give the market plenty to digest. Car dealers Pendragon and Lookers will give some insight into the effectiveness of the government’s car scrappage [...]
Economy remains in focus as inflation signs look benign August 16, 2009 LAST week the markets were updated on the views of central bankers from both sides of the Atlantic. In the UK, the Bank of England published their quarterly Inflation Report and from the US we heard comments by the Federal Open Market Committee, accompanying their regular rate-setting meeting. Both presented a benign outlook for inflation. [...]
Bag a bargain and get some late summer holiday action August 16, 2009 THAILANDAnantara, on the north of the island of Mai Khao Beach, is wonderfully tucked away from the main tourist areas of Phuket and Kuoni is now offering seven nights for the price of five, a saving of £366 per person. Each of the 82 villas comes with its own 33 square metre pool, set either [...]
LIGHTNING BOLT August 16, 2009 TRIPLE Olympic champion Usain Bolt left the world speechless in Berlin last night after smashing the 100m world record on his way to a stunning victory in the World Championships. The 22-year-old Jamaican recorded a time of 9.58 seconds to take 0.11 off the record he broke in Beijing last year. Elsewhere, on a superb [...]
Golden girl Jess is in a seventh heaven August 16, 2009 BRITAIN’S golden girl Jessica Ennis spoke of her “amazing feeling” after claiming Britain’s first ever heptathlon gold medal at the World Championships on a memorable night in Berlin. The 23-year-old led the seven-discipline event from start to finish, eventually securing a landmark success with victory in her heat of the 800m. Ennis finished with an [...]
Yang tames Tiger for a famous win August 16, 2009 KOREA’S Yong-Eun Yang last night became the first Asian-born player to win a Major title after recording a magnificent three-shot victory over world No1 Tiger Woods in the US PGA Championship at Hazeltine. The 37-year-old began the day two shots down on Woods but clawed his way back with a three-under-par 69, while Woods struggled [...]
