WALL STREET WEEK AHEAD July 25, 2010 WALL Street enters this week on the cusp of a breakout in US stocks, but it will need another spate of convincing earnings reports to feed the rally that sprouted at the end of last week. The markets endured malaise with poor economic data and downbeat testimony from Federal Reserve chairman Ben Bernanke on Wednesday, [...]
Inflation is set to dip but any respite won’t last very long July 25, 2010 TRADERS betting on the consumer price index (CPI) will have pricked up their ears last week at comments from the Bank of England’s chief economist Spencer Dale. Dale surprised analysts by referring to the “evils of inflation” in an interview with the Independent: “A very senior executive said to me: ‘Aren’t we going back to [...]
Gains in black gold will be capped July 25, 2010 SPREAD BETTERS love the volatility created by stormy markets and a veritable storm is brewing in crude oil at the moment – tropical storm Bonnie to be more precise. Fears that Bonnie would disrupt oil operations in the Gulf of Mexico over the weekend, combined with strong economic data, pushed crude oil more than 3 [...]
THE TIPSTER July 25, 2010 ARM Holdings had a cracking start to the year with the company’s share price racing ahead. Signs of a global economic recovery and an increase in corporate spending on technology is helping the sector. But with the share price trading at the top end of analyst estimates, Tuesday’s interims could be the trigger for profit [...]
TECHNICAL GURU July 25, 2010 CHIEF TECHNICAL ANALYST sandy.jadeja@cityindex.co.uk Q. Dear Sandy, what is technical analysis? A. There are two broad schools of thought when it comes to making a decision about when to buy and sell a security in the financial markets. Firstly, there is fundamental analysis, which essentially involves looking at the overall economy, analysing and understanding companies’ [...]
Fall in love with lava in wild and woolly Iceland July 25, 2010 THIS year Iceland became infamous for the deeply inconvenient glacial eruption of “that” volcano – Eyjafjallajökull (pronounced “AY-uh-fyat-luh-YOE-kuutl-uh”). Its extraordinary qualities as a country were overshadowed by the chaos of grounded planes. Yet it is starkly beautiful and untamed, overflowing with adventure, history and plenty of volcanic action (brilliant to watch when it doesn’t spoil [...]
Banqueting by a Cumbrian fell July 25, 2010 HAVE you ever contemplated travelling from London to the Lake District for dinner? Until last weekend, such a suggestion would have puzzled me. Why go so far for an excellent meal when London is replete with high-quality restaurants? Nonetheless, on a Friday at midday, my husband and I put our nightshirts and toothbrushes in an [...]
Ferrari rapped amid team orders probe July 25, 2010 FERRARI were last night slapped with a $100,000 fine by the FIA after appearing to implement team orders following their one-two at the German Grand Prix. The Italian team could face further sanctions from the sport’s governing body after Felipe Massa let team-mate Fernando Alonso past to win the race and close the gap at [...]
Stevie and Joe will help us keep Torres, says Dalglish July 25, 2010 LIVERPOOL legend Kenny Dalglish is backing Fernando Torres to follow in the footsteps of Steven Gerrard and commit his future to the club. Torres is yet to discuss his future with new Reds boss Roy Hodgson and is being linked to a £60m move to Chelsea. Captain Gerrard reassured the club of his intention to [...]
Higgins was the best, but for him, I may never have taken the game up July 25, 2010 BUT for Alex Higgins we might never have had Ronnie O’Sullivan. Inspired by the Irishman’s flamboyant style and dynamic approach to the game, a young O’Sullivan, aged around seven or eight, hopped from one snooker club to another near his Essex home to develop his skills. As a result, a star was born. Three-time world [...]
