Wall St rebounds after volatile day August 9, 2011 US stocks rallied yesterday in a volatile session as investors struggled to decipher the Fed’s signals on the economy after a dizzying two-week slide. Buying accelerated into the close and the S&P 500 posted its best day in more than two years, following a drop of nearly 17 per cent over the past weeks. The [...]
RIGHTMOVE IN WRONG MOVE AFTER RIOTS GAFFE August 9, 2011 RED FACES at Rightmove, after the property website waded into the online chatter about the London riots with a horribly misjudged Facebook and Twitter message about house prices. “Are the riots affecting where you live?” Rightmove asked its 13,600 followers as buildings burned, shops were looted and families feared for the safety of their children. [...]
Glacial growth threat to commodity currencies August 9, 2011 AS WELL as the devastating crash in equities, commodities have been hit hard by recent market turmoil. Both are driven by the public and private debt burdens on Western economies combined with declining expectations of the prospects for global growth. As such, the commodity currencies – seen by many as safe havens – have suffered [...]
SWISS FRANC IS STILL THE SAFE OPTION August 9, 2011 WE ARE on a bumpy road with a very few spare tires,” said Pimco chief executive Mohamed El-Erian, just before US equity markets opened for trade yesterday morning. I couldn’t agree more. Capital markets are in turmoil and the primary reason for the meltdown is the absolute lack of confidence in American and European leadership. [...]
Sterling is no shelter from the storm August 9, 2011 WITH the downgrade of US government debt by Standard and Poor’s last week, and the ongoing turmoil in the crumbling Eurozone, George Osborne could be forgiven for feeling a little bullish in his outlook for the UK economy, referring to it as a harbour in a financial storm. In comparison with the US debt ceiling [...]
THE TIPSTER August 9, 2011 WITH attention being drawn to cable tomorrow with the BoE quarterly inflation report, investors are likely to see a fall in the sterling-dollar pair. There should be a further downward revision to the bank’s growth forecast. However, inflation itself should be revised up, at least in the near term. And with cable under pressure and [...]
FOREX ANALYST PICKS August 9, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short euro-dollar below $1.4000 and $1.3800 Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week Markets have been roiled, as building momentum in risk aversion met the accelerant of an earlier-than-expected US sovereign credit rating downgrade by Standard & Poor’s. Though much [...]
Evoquative: the ultimate all-rounder August 9, 2011 ITS heart may be in the country, but Range Rover – for so long the preferred transport of the country set and most naturally at home on rural lanes – has a new sibling, and despite being created for city living, the new Evoque is the greenest Range Rover yet. Available as a three-door coupé [...]
CAR TALK August 9, 2011 NEW MAZDA CROSSOVER This is Mazda’s brand new CX-5 compact crossover SUV. It’s the first production car to feature Mazda’s new Kodo styling and it is built around a new efficient range of chassis, body, engine and transmission technologies called Skyactive. The Skyactive 2.2 diesel-engined model should emit less than 120g/km of CO2 when it [...]
England to pile on misery for Indians at Edgbaston August 9, 2011 SPORT TRADER OLLIE DREW AND DAVID WILD BRING YOU THE BEST BETS FROM ENGLAND VS INDIA AS WELL AS THE USPGA CHAMPIONSHIP TODAY – 11.00 AM SKY SPORTS 1 With India 2-0 down with just two Tests to play, they may be the ones drinking in the last chance saloon, but there’s one man in [...]
