ECONOMIST VIEWS: WHAT WILL THE BREAKDOWN OF GDP GROWTH IN THE SECOND QUARTER TELL US? August 22, 2010 PETER DIXON | COMMERZBANK “We look for quarterly GDP growth to remain unchanged, although we do expect a strong positive contribution from consumer spending while fixed investment should give back some of its strong first quarter gains. We also expect a moderate positive contribution from net trade.” PHILIP SHAW | INVESTEC “The actual figure should [...]
The car insurance boss who wants to motor into new foreign markets August 22, 2010 It is a case of ‘Recession? What recession?’ for motor insurance firm Admiral, which is in the middle of taking on 750 staff in the UK alone this year. And that means an awful lot of meetings for the Cardiff-based firm’s 53-year-old chief executive Henry Engelhardt. The Chicago-born boss meets every one of his new [...]
GRADUATES GET CREATIVE ABOUT JOINING THE DAILY BUMP ’N’ GRIND August 22, 2010 IT SEEMS the yoof of today is becoming ever more resourceful when it comes to securing a first job, despite all the sympathetic noises from older generations over the plight of school-leavers and graduates. One enterprising young chap, about to head into his final year studying economics at Nottingham, wants to use the money he [...]
BILL OF THE WEEK August 22, 2010 IT WAS off to the St Pancras Grand champagne bar for an exquisite champagne-and-oyster lunch on Friday for these six City boys and girls, who clearly had something to celebrate. On the menu were four bottles of the finest fizz on the planet, picked to accompany their Maldon and Islay oysters. A fine Bollinger Blanc [...]
Savvy traders should bet on a golden autumn August 22, 2010 THE old City adage of selling in May and not returning until St Leger’s Day in early September typically refers to the equity markets, which suffer from low volumes and choppy trading during the summer months. But the saying is equally applicable to the gold market, which also demonstrates a clear seasonality and experiences a [...]
More steam left in the bond rally August 22, 2010 IT’S A case of how low they can go for bond yields. After another week marked by disappointing jobs and manufacturing data in the US, investors ploughed into the relative safety of government debt, pushing yields to record lows. But is this an opportunity for spread betters? While it’s true that bonds have been in [...]
THE TIPSTER August 22, 2010 WITH increasing demand for commodities and as emerging market consumers develop a sweeter tooth, the appetite for sugar continues to rise. ETX Capital is quoting the October sugar contract at $19.95-$20.00. With the outlook still uncertain in Europe, the euro has been struggling to keep up with the dollar. It is likely that the euro [...]
TECHNICAL ANALYSIS GURU August 22, 2010 CHIEF TECHNICAL ANALYST sandy.jadeja@cityindex.co.uk Q. Dear Sandy, how could I have traded the decline in last week’s FTSE 100? A. In the previous article we discussed the use of pivots. If you were observing the FTSE 100 index you should have noticed three key points. On the chart (right) you will notice that firstly the [...]
Stocks set to stage a mild bounce August 22, 2010 THE FTSE 100 index closed at its lowest level since July 20 on Friday, but the early call from GFT is for bargain hunters to step in and lift the index back above the 5,200 level this morning. RETURNING BUYERS WILL FEEL PRESSURE GFT is quoting the FTSE to open up 13 points from Friday’s [...]
AUSTRALIAN MARKETS August 22, 2010 THE Australian dollar fell one per cent and bonds eased in early trade this morning after an inconclusive election appeared to have delivered investors’ worst fears — a minority government with power thrust on a handful of independent MPs. With neither of the major parties winning an overall majority in Saturday’s election to form a [...]
