CFD ANALYST PICKS June 14, 2010 TECHNICAL STRATEGIST JOEL KRUGER My pick: Sell FTSE 100 at 5,300 Expertise: Technical analysis Average time frame of trades: 5-10 days The market has been very well supported on dips below 5,000 with the latest bounce now likely to open up additional gains back towards the recent range highs of 5,260 over the coming sessions. [...]
National Grid cash call gets thumbs up June 14, 2010 UTILITIES giant National Grid yesterday said it has secured a 94.2 per cent take-up for its £3.3bn rights issue, a staunch vote of confidence from investors despite the shock timing of the cash call. National Grid had repeated assured shareholders that it had no need for fresh capital prior to announcing the two-for-five rights issue [...]
Carragher on standby after King setback June 14, 2010 JAMIE CARRAGHER is set to re-establish himself in the heart of the England defence after Ledley King was ruled out for three weeks with a groin muscle injury. England boss Fabio Capello looks sure to turn to the veteran Liverpool defender for Friday’s second group stage match with Algeria after injury-plagued King limped out of [...]
Posen: ECB is on right track June 14, 2010 CENTRAL banks have enhanced their future credibility and independence as a result of their policy decisions, including large-scale bond purchases, Bank of England Monetary Policy Committee (MPC) member Adam Posen said yesterday. Speaking at the Barclays Capital annual Global Inflation-Linked Conference in New York, he said: “Always refusing to intervene in debt markets for appearance’s [...]
HE’S MOORE THAN JUST A CHAMPION June 14, 2010 ON 15th May 2000, at the tender age of 16, Ryan Moore steered Mersey Beat to victory in a hurdle race at Towcester. “I learnt to ride at Grandad’s”, he tells me on his way to ride at Salisbury in relentless pursuit of his fourth flat jockey’s title in five years. “I originally thought I [...]
Flamboyance saved for off the field June 14, 2010 THIS World Cup has begun just as expected. Off the field it’s a fantastic carnival atmosphere, full of excitement, but on the park, it’s cagey with nowhere near the same flamboyance. I was at last night’s game between Italy v Paraguay at a freezing cold Cape Town – and it pretty much summed up a [...]
Spanish banks feel squeeze, says a government official June 14, 2010 A SPANISH government official said yesterday foreign banks were refusing to lend to some of its banks in the latest twist to the Eurozone debt crisis, but denied it was on the brink of seeking a Greek-style European financial rescue. Treasury Secretary Carlos Ocana acknowledged officially for the first time a liquidity freeze on some [...]
The early bird catches the worm: how traders use leading indicators June 14, 2010 JUST when we thought those fragile green shoots of recovery in the developed world were starting to flower, a recent swath of disappointing data has dashed traders’ hopes of stronger growth. Besides the ongoing sovereign debt crisis in the Eurozone, the recovery in the US jobs market has been much weaker than expected and Finland [...]
Welcome relief for unconvincing Dutch June 14, 2010 HOLLAND (2) vs DENMARK (0) NETHERLANDS coach Bert van Marwijk admitted his side got out of jail with a “lucky” goal – but insisted they should have caned the Danes with plenty more. A freak own goal from Liverpool defender Daniel Agger just 50 seconds into the second half eased Dutch nerves following a tepid [...]
Eurozone factory output surges in April despite fiscal troubles June 14, 2010 EUROZONE industrial production rose sharply in April, indicating that the recovery in the export-sensitive industrial sector has not yet been affected by the fiscal troubles besetting the single currency union. Factory output rose 0.8 per cent on March, which was slightly stronger than the 0.5 per cent expected. As a result, the less volatile three-month [...]
