FOREX ANALYST PICKS July 20, 2010 FOREX STRATEGIST JOEL KRUGER My pick: Buy euro-Swiss franc at SFr1.3415 Expertise: Classic technical analysis Average time frame of trades: 1 week-6 months The cross has been under intense pressure for several months, breaking to fresh record lows of SFr1.3070 ahead of the latest bounce. While the trend remains bearish, we have adopted a constructive [...]
Shopping to bear fruit for China investors July 20, 2010 ONCE seen as the saviour of the global economy, the markets are now having second thoughts about China, causing its stock market to fall more than 20 per cent this year. But could this be an opportunity to buy? Valuations are looking compelling, says Doug Turnbull, fund manager of the Neptune China Income fund. Chinese [...]
More to Russia than gas July 20, 2010 FOR years, investment in Russia has meant little more than investment in commodities and energy. And while those sectors still make up a huge proportion of the country’s wealth, those trying to target high-return emerging market growth in Russia should steer clear of the usual country wide benchmarks. Renaissance Capital’s Karol Chrystowski says: “Most of [...]
FROM CUSPS OF CHANGE TO BONDS July 20, 2010 MANAGING DIRECTOR, ARTEMIS CAUGHT between corporate news that is good and macroeconomic news that is bad (or, rather, not as good as it was), investors are understandably unsure. A “flight to safety” is still the default for investors – and that’s bad for equities. What, we wonder, should equity investors pay for £1 of future [...]
FUND MANAGEMENT NEWS July 20, 2010 JEYES HIRES SEI AS FIDUCIARY MANAGER Household cleaning product manufacturer Jeyes has this week appointed SEI as fiduciary manager to the £22m Jeyes pension fund and the £2.6m Jeyes Supplementary Pension Scheme. SEI’s Institutional group is the largest global provider of fiduciary management services and currently has over 500 fiduciary management clients. Tim Cave, chairman [...]
FTSE knocked for fifth day as US results hit confidence July 20, 2010 BRITAIN’S top share index ended lower yesterday for a fifth straight session as generally disappointing US results hurt investor sentiment, offsetting strong gains from mining stocks buoyed by firmer metals prices. The FTSE 100 closed down 8.82 points, or 0.2 per cent, at 5,139.46, having fallen 0.2 per cent on Monday. TELECOMS HIT BY BUDGET [...]
US shares buoyed by Goldman stock rise July 20, 2010 US stocks rose for a second consecutive day yesterday, led by gains in shares of Goldman Sachs and strength in beaten-down homebuilders and raw materials companies. Goldman Sachs Group rose 2.2 per cent as buyers materialised after an early selloff on news the investment bank’s quarterly earnings tumbled 82 per cent, steeper than forecast. “Most [...]
Pressure from the bottom line will make firms female-friendly July 20, 2010 A COUPLE of weeks ago I was told a story about a law firm Christmas party. The senior partners took part in a game where pictures of their children were projected onto a screen, and they were asked to identify the cute faces. Presumably this was meant to show them to be rounded human beings, [...]
Show the world you’ve made it July 20, 2010 IT doesn’t seem so long ago that you’d go round to someone’s house and know they had a few quid because they’d have a telly with doors on it. Since then, TVs have got thinner and the cathode ray tubes which used to make them approximately the width of a sofa have shrunk so much [...]
CAR TALK July 20, 2010 PEUGEOT’S NEW LOOK Take note. This is the new Peugeot 508 which is the biggest indicator yet of how much more handsome Peugeot cars are going to become. The 508 replaces two cars in the Peugeot range – the 407 and 607 – and is better looking than either. Thanks to its narrower grille and [...]
