Providers should bring a platform for change November 8, 2010 WITH spreads pulled as tight as a drum and trading platforms becoming ever more sophisticated, it is clear that competition between contracts for difference (CFD) providers is heating up. A price war has been waged over the last year – much to the trader’s benefit. WorldSpreads even daringly began to offer zero point spreads on [...]
DON’T BET ON THE FED’S QE2 SHELL GAME November 8, 2010 CFD MARKET STRATEGIST, GFT We’ve just seen an incredibly significant week for the financial markets. Following the US mid-terms, the Republicans have control of the House of Representatives and have cut the Democrats’ Senate majority. While the new Congress won’t be in place until January, the Republican gains will influence the debate over the Bush [...]
Inmarsat in high orbit as revenues soar 18.4pc in strong third-quarter trading November 8, 2010 SATELLITE operator Inmarsat beat expectations with an 18.4 per cent rise in third quarter earnings, helped by growth in aeronautical and leasing services and by an improvement in maritime, its largest sector. The company, which provides voice and data services to shipping, aircraft and remote locations worldwide, reported earnings before interest, tax, depreciation and amortisation [...]
SEC to clamp down on high frequency trades in bid to stabilise overall market November 8, 2010 The US Securities and Exchange Commission (SEC) will take further steps to make markets more stable and trustworthy following the May “flash crash,” and is zeroing in on lightning fast computer trading codes that “go crazy,” the agency’s head said yesterday. The SEC, the top US securities regulator, must address the use of algorithms, the [...]
Stay bold and hold your gold: the peak is yet to be reached November 8, 2010 In 1931, as Great Britain crashed off the international gold standard, John Maynard Keynes was joyous. “There are few Englishmen who do not rejoice at the breaking of our gold fetters”, he wrote. Yesterday, Robert Zoellick, the head of the World Bank, an organisation that Keynes founded, seemed to be asking for the fetters back. [...]
FSA examines base metals ETP complaint November 8, 2010 CITY watchdog the Financial Services Authority (FSA) yesterday said it has received a complaint about plans to launch base metal exchange traded products (ETP). “Because it [the complaint] has just recently been sent, we have to look at issues that have been raised,” the FSA said. “We are not a price regulator. Generally what we [...]
THE TIPSTER November 8, 2010 The Bank of England’s quarterly Inflation Report should provide some excitement for the currency markets this week. All market participants will be eagerly awaiting what the report has to say about growth prospects in the UK and whether further quantitative easing remains a real possibility. Capital CFDs quotes a price of €1.1590-€1.1594 for sterling-euro. Walt [...]
Adidas sets out ambitious target to overtake Nike November 8, 2010 German sporting goods company Adidas aims to grow sales to €17bn (£14.6bn) by 2015 as it strives to overtake market leader Nike. “Our aspirations are to outperform total market growth… to outgrow our major competitor and have the bottom line grow faster than the top line,” chief executive Herbert Hainer said yesterday in a presentation [...]
Cameron sets out long-term ministry plan November 8, 2010 PRIME Minister David Cameron has launched the coalition’s departmental business plans for the next five years, claiming they will “turn government on its head” and contribute to a “radical redistribution of power”. The four-year business plans produced by each department detail what its priorities and timetable for action will be between now and 2015. For [...]
Quantitative easing risks stoking a bubble in emerging market equities November 8, 2010 EXPECTATIONS of another round of quantitative easing in the US had been riding high for several months and last week Helicopter Ben gave the markets exactly what they had been clamouring for. Investors across the world wildly applauded the Federal Reserve’s decision last week to pump $600bn into the US economy and needed little excuse [...]
