TECHNICALS DRIVING THE RECENT RALLY June 14, 2010 CFD MARKET STRATEGIST, GFT WE HAVE seen a fair recovery in global equities over the past few days. Even Friday’s terrible retail sales numbers from the US weren’t considered bad enough to dampen renewed risk appetite. Traders concentrated on the modest improvement in consumer sentiment and used it as an excuse to buy stocks, giving [...]
MORGAN STANLEY STAR TO JOIN HEDGE FUND June 14, 2010 TEUN Draaisma, the highly-respected European equity strategist, has stepped down from his role at Morgan Stanley after 13 years in order to join investment group TT International to run a European stocks macro hedge fund. Graham Secker is to step into his shoes at Morgan Stanley to lead the European equity strategy team.
FOOD & BOOZE NEWS June 14, 2010 WIMBLEDON TEA AT THE DORCHESTER Get into grand slam spirit with a Wimbledon Afternoon Tea at The Dorchester’s famous Promenade, with a selection of tennis-inspired pastries including the citrus court, raspberry drop and coconut smash. Included is also a glass of champagne, traditional strawberries & cream, finger sandwiches and homemade scones. From 21 June to [...]
Commodities should take off later this year June 14, 2010 MARKETS tend to react quickly to bad news. Last month, after fears that the Greek debt crisis could spread across Europe and dent the outlook for global growth, the markets traded lower as investors sold risky assets. Commodities – sensitive to the global growth outlook – were hit hard. For example, the oil price fell [...]
Record deal won by Dana Petroleum June 14, 2010 LISTED oil and gas group Dana Petroleum yesterday sealed a deal to buy Petro Canada Netherlands for €328m (£272.7m) in cash, its biggest ever acquisition, in order to open up access to the Dutch North Sea. Dana, which has oil and gas assets in the UK and North Africa, will put the deal to shareholders [...]
CFD ANALYST PICKS June 14, 2010 TECHNICAL STRATEGIST JOEL KRUGER My pick: Sell FTSE 100 at 5,300 Expertise: Technical analysis Average time frame of trades: 5-10 days The market has been very well supported on dips below 5,000 with the latest bounce now likely to open up additional gains back towards the recent range highs of 5,260 over the coming sessions. [...]
National Grid cash call gets thumbs up June 14, 2010 UTILITIES giant National Grid yesterday said it has secured a 94.2 per cent take-up for its £3.3bn rights issue, a staunch vote of confidence from investors despite the shock timing of the cash call. National Grid had repeated assured shareholders that it had no need for fresh capital prior to announcing the two-for-five rights issue [...]
Carragher on standby after King setback June 14, 2010 JAMIE CARRAGHER is set to re-establish himself in the heart of the England defence after Ledley King was ruled out for three weeks with a groin muscle injury. England boss Fabio Capello looks sure to turn to the veteran Liverpool defender for Friday’s second group stage match with Algeria after injury-plagued King limped out of [...]
Posen: ECB is on right track June 14, 2010 CENTRAL banks have enhanced their future credibility and independence as a result of their policy decisions, including large-scale bond purchases, Bank of England Monetary Policy Committee (MPC) member Adam Posen said yesterday. Speaking at the Barclays Capital annual Global Inflation-Linked Conference in New York, he said: “Always refusing to intervene in debt markets for appearance’s [...]
HE’S MOORE THAN JUST A CHAMPION June 14, 2010 ON 15th May 2000, at the tender age of 16, Ryan Moore steered Mersey Beat to victory in a hurdle race at Towcester. “I learnt to ride at Grandad’s”, he tells me on his way to ride at Salisbury in relentless pursuit of his fourth flat jockey’s title in five years. “I originally thought I [...]
