CITY MOVES | WHO’S SWITCHING JOBS May 2, 2011 Brookland Partners The investment bank has appointed Griff Winkler as a director, where he will focus on expanding the firm through identifying investment opportunities from capital providers and other JV partners. Winkler joins from Hatfield Philips, where he was vice president of the non-performing commercial real estate loan group. He also brings five years of [...]
BEST OF THE BROKERS May 2, 2011 ROYAL DUTCH SHELL RBS rates the oil group “buy” with a target price of £24 following the firm’s quarterly results last week. Shell’s net income was five per cent above the broker’s forecasts, mirroring BP’s strong performance earlier in the week. Only the upstream business fell short, coming in at two per cent below RBS [...]
US stocks slip after bin Laden bounce gives way to fears May 2, 2011 US stocks slipped yesterday, as an early bounce on Osama bin Laden’s death gave way to questions around the longevity of the market’s recent rally. The impact of bin Laden’s death by US forces on financial markets prompted a quick flurry of buying, which was viewed as an emotional response. The Dow swung 92 points [...]
European stocks at two-month high May 2, 2011 EUROPEAN shares made slight gains in thin holiday trade yesterday, as merger deals and news of Osama bin Laden’s death helped push the market to a two-month closing high. Shares in Demag Cranes rose 24 per cent after US construction machinery maker Terex Corp unveiled a $1.3bn hostile bid for its German rival. Meanwhile Danish [...]
Managing your great trading expectations May 2, 2011 NEW traders often have unrealistic expectations about how much they can make and how quickly it takes to learn to trade. In reaching for the stars, it is easy to crash and burn. Starting off slowly, purposeful risk management and realistic measures of success will all help. Elliott Winner of London Capital Group thinks that [...]
GOLD PRICES ARE IN THE FED’S HANDS May 2, 2011 ODD things can happen to financial markets in shortened holiday weeks – and I’m not only referring to the death of Osama bin Laden. Typically, volumes are light as there are fewer market participants. Often, these quieter periods are used as a cover to push out unpalatable news items. China has often used an extended [...]
What bouncing dead cats can teach traders about markets May 2, 2011 WHEN it comes to free-falling stocks, as the adage goes, if you can keep your head while all around you are losing theirs, you have probably failed to properly grasp the situation. However, when the market starts to dive, you should keep an eye out for stock prices to do what has long been known [...]
Married to a bull market: gold just keeps on climbing May 2, 2011 THEY say the beauty of gold is that it loves bad news. And reliably, the gold price has responded by going through the roof, smashing through record highs practically every week. A decade ago the price of an ounce of gold could buy you a flight to Istanbul; today it could land you in Sydney. [...]
THE TIPSTER May 2, 2011 THE FOMC announcements and Bernanke’s speech on monetary policy last week ensured that the dollar took a hammering and that spot gold traded at an almighty $1,533 per ounce. As long as the interest rates remain low and inflation pressures remain, it may become difficult for shorters to find the right time to enter the [...]
NOISY NEIGHBOURS MAKE MAYOR MICHAEL A SORE-HEADED BEAR May 2, 2011 BEING Lord Mayor of London comes with its benefits. Just ask the present mayor Michael Bear, who took a seat in Westminster Abbey last Friday alongside David Beckham, Elton John and David Cameron as a guest at the Royal Wedding. There is also, of course, the advantage of a grace-and-favour home at Mansion House round [...]
