Markets focused on support for European banks October 9, 2011 DESPITE a positive surprise on the all-important non-farm payrolls number from the US on Friday, beating the vast majority of analysts’ estimates, American stock indices still closed with a negative bias on the day. The gains in hiring workers were still not enough to offset the unemployment rate, which remained high at 9.1 per cent. [...]
WALL STREET WEEK AHEAD October 9, 2011 INVESTORS tiring of the Eurozone’s debt crisis dragging the market all over the place are hoping to focus on something else this week – earnings. But will third-quarter results be enough to drive the S&P 500 higher? Or will Europe’s woes get in the way? The unofficial start of earnings season begins tomorrow, when Dow [...]
All three parties are failing UK business: Digby Jones lays out his policy challenge October 9, 2011 NOW that all the nonsense of party conference season is over, as Westminster heads back to work and the rest of us continue to try and earn an honest living, what did we hear from the mouths of our political masters? Did any of the three main parties show the UK business community that they [...]
If you can trust yourself when all men doubt you… October 9, 2011 WHAT constitutes a tough call? It’s got nothing to do with the scale of a decision – it can be easy enough to decide to buy or sell a company. Nor has it much to do with immediate circumstances – tough calls can crop up in good times as well as bad. No. In my [...]
A European Tobin tax won’t just hit London October 9, 2011 FOLLOWING the events of the past few months, there has never been a more important time for London’s financial services industry to build close links with Brussels. That is why I will be travelling to the City of London Brussels Office’s annual reception tomorrow and why, once there, I – along with the executive director [...]
RAPID RESPONSES October 9, 2011 Missing numbers I am sure the MPC appreciates the theory of the velocity of money and the effect increasing the money supply will have. If I can, then I am sure Mervyn King does. Which begs the question, why did they launch more QE, even sooner than expected? I work in the property sector and [...]
Stress tests failed to test banks October 9, 2011 THE downgrade of a dozen UK banks and eight Portuguese banks on Friday morning ended another tumultuous week in the European banking sector. The Greek farce has dragged on so long that it has fallen from the headlines, despite its potential to bring Europe crashing down around our ears. Instead, focus has shifted to the [...]
THE WEEK AHEAD October 9, 2011 COMPANY NEWS ● Burberry will make its second quarter trading statement on Wednesday. China has been driving demand for luxury European goods, but there have been signs that this demand is beginning to abate, which will not bode well for the UK brand. ● Hargreaves Lansdown will release an interim management statement on Thursday. Many [...]
THE TIPSTER October 9, 2011 THOUGH Premier Foods served up a healthy slice of humble pie for investors with the profits warning last week, can this mark a turning point for the company? With mounting debts and falling sales it is certainly in something of a pickle so pressure will build to move ahead with the disposal of peripheral brands [...]
The printing press is whirring again: What does it mean for spread betters October 9, 2011 KATHLEEN BROOKS | FOREX.COM THE major surprise from last week was not only that the Bank of England would pump another £75bn into the UK economy, but also the resilience of the pound. Sterling rallied against all of the major currencies last week and reversed its initial decline immediately after the announcement. So is the [...]
