Wall Street looks ahead to New Year December 19, 2010 INVESTORS will be taking advantage next week of the some of the last remaining trading days of the year to place their bets on what will be the winners of 2011. One of the defining characteristics of 2010 has been the strong correlation across asset classes. Movements in the dollar or in bonds had just [...]
A beastly battle: bulls and bears to slug it out in 2011 December 19, 2010 REFLECTING on 2010, FTSE bulls should be grateful that around 60 per cent of the index’s revenues are generated from overseas. Faced with political inaction, a Eurozone sovereign debt crisis putting unwelcome focus on the UK’s own fiscal situation, and austerity measures dampening confidence, it is perhaps a miracle that the blue-chip index is at [...]
Keeping a lookout for possible shocks December 19, 2010 MAY YOU live in interesting times may sound like a blessing, but in ancient China, it was considered a curse. Spread betters may be divided on which they think it is, but 2011 certainly looks likely to be interesting. Next year could see more bank crises in Europe, burst bubbles in Asia and painful austerity [...]
THE TIPSTER December 19, 2010 GKN, one of the world’s largest engineering companies, has been strongly on the up since the summer. It recently reached an agreement with Magellan Aerospace, securing a work package that includes structural components for the Airbus A320 and A330 aircraft. Its share price has already jumped this week, but it could go even higher. Capital [...]
TECHNICAL ANALYSIS GURU December 19, 2010 CHIEF TECHNICAL ANALYST sandy.jadeja@cityindex.co.uk Q. Dear Sandy, what are chart patterns? A. A trader has plenty of choices regarding chart patterns. There are many different types of patterns such as reversal patterns, continuation patterns, consolidation patterns and a variety of others. You can also have price patterns and time patterns too. A market may not [...]
Behind the scenes at the house of KRUG December 19, 2010 KRUG, the grand old Champagne house, has been feeling a little unloved of late. Revered across the world as a wine that’s emblematic and long-lasting, it is perhaps perceived as a Champagne to be bought, sold and stored, rather than drunk in celebration. This was not always so, and Krug wants to have fun again. [...]
TRAVEL NOTES December 19, 2010 Six Senses Laaumu Luxury spa resort company Six Senses – famed for paradisal outposts in Thailand and elsewhere in the East – will open a sensational new property in the Maldives next year (see pic), complete with a wine tower rising from the sea. The 97 villas, on the island of Olhuveli in the relatively [...]
Are Manchester United really about to become Qatar’s latest high-profile buy? December 19, 2010 WHEN Manchester United visited Qatar in January it was touted as a sunshine break, a chance for their title-chasing players to escape from the freezing conditions gripping England at the start of the year. But it also prompted whispers that the country’s most famous club were sounding out appetite to invest in United, or even [...]
Strauss won’t panic despite a whacking at the WACA December 19, 2010 ENGLAND captain Andrew Strauss claims there is no need to make drastic changes despite Australia steamrollering his side by 267 runs in the third Ashes Test and levelling the series at 1-1 in the process. Australia required just 10 overs on the fourth morning to blow away England’s remaining five wickets – Ryan Harris finishing [...]
Johnson swings momentum back in Australia’s favour December 19, 2010 SUDDENLY this series has been blown wide open again and it’s largely down to the performance of one man: Mitchell Johnson. The Australian was dropped and derided after the first Test but, having been given a reprieve, has gone from zero to hero in the space of 10 days, thanks to some exceptional bowling that [...]
