FTSE closes at two-month high despite light volumes April 26, 2011 aBRITAIN’S FTSE 100 closed at its highest level in over two months yesterday, albeit in light volumes, as earnings from the US and Europe supported gains ahead of results from UK companies such as ARM and BP. The blue-chip FTSE 100 closed up 0.9 per cent at 6,069.36, with volumes still thin after the four-day [...]
Corporate results boost US stocks April 26, 2011 A FRESH batch of corporate results pushed US stocks to their best levels since June 2008 yesterday, renewing optimism that profit growth will remain resilient enough to keep equities on the rise. The S&P 500 barreled through the 1,344 level, seen as a key resistance point the benchmark index needed to surpass in order to [...]
Federal Reserve chairman faces press scrutiny April 26, 2011 TODAY, for the first time in its 97-year history, the US Federal Reserve will start hosting quarterly press conferences in an attempt to better explain the decisions of its Federal Open Market Committee (FOMC). Replicating the Bank of England (BoE) and the European Central Bank (ECB), these press conferences will help to make the chairman’s [...]
AN UNCERTAIN ENDGAME PUTS FOCUS ON FOMC April 26, 2011 WHAT’S good as gold these days? Absolutely nothing, except perhaps silver. As the holiday-shortened week opened for trade, gold continued to set new highs, climbing above the $1,500/oz. level while silver surged, coming to within a few points of breaking above the psychologically important $50/oz. barrier on the way to setting a new record high. [...]
THE TIPSTER April 26, 2011 THE pound is set to take centre stage today with first quarter GDP due out at 9:30am. A figure in excess of 0.7 per cent could well see further sterling-dollar gains towards $1.6800 on a break above the recent highs of $1.6600. A figure below 0.5 per cent could well see the pound slip back [...]
FOREX ANALYST PICKS April 26, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short euro-dollar, short euro-Canadian dollar, long dollar-yen Expertise: Fundamental and Technical Analysis with Risk Management Average time frame of trades: 1 day to 1 week The Kiwi dollar-dollar’s bearish reversal I was looking for didn’t play out from last week as fundamental support in the form of risk appetite [...]
Rough with the smooth April 26, 2011 THE drive for good fuel economy usually puts a dampener on fun, with one almost always coming at the cost of the other. If you’ve driven a Mini you’ll know that the Cooper S is an exciting drive. The problem is the minute you hammer one around the Kent countryside then the fuel economy tanks. [...]
CAR TALK April 26, 2011 JAGUAR BEEFS UP THE 2012 XF Jaguar has shown its new, revamped 2012 XF at the New York Auto Show. The car gets a new fresh look with slimmer headlights, a more powerful-looking bonnet and a larger, more upright grille. A new 2.2-litre, four-cylinder 188bhp diesel engine, capable of 0-60mph in a time of 8.0secs, [...]
Gold rush April 26, 2011 ■ Gold touches a fresh high of $1,518.6 per troy ounce ■ Prices for silver and diamonds also near record highs THE PRICE of gold surged to yet another all-time high yesterday as growing fears over a weaker dollar sent investors scrambling for the safest asset class of all. Gold hit an unprecedented $1,518.6 per troy [...]
Private firms could run universities April 26, 2011 STRUGGLING universities could be taken over by private firms when the government cuts off financial support for troubled institutions. Under the radical plans, vice-chancellors would be asked to pay a management fee to profit-making private firms, who would run the university on a day-to-day basis for a period of ten years or more. The private [...]
