S&P 500 boosted by lift for bankers April 6, 2010 THE S&P 500 and Nasdaq rose modestly yesterday as the banking sector got a lift from positive analyst comments, while minutes from the Federal Reserve’s last meeting eased concern over rising rates. The minutes suggested the central bank could keep interest rates at ultra-low levels longer than investors have anticipated if the economy worsens. Lower [...]
The euro is due a respite after a very hard winter April 6, 2010 THE EURO’S winter of discontent started back in January when a huge hole in Greece’s public finances was revealed. Since then allegations of dodgy accounting rules, swap trades with major Wall Street banks and the threat of contagion to other southern European economies has driven the euro to multi-year lows. But has the euro been [...]
CHINA COULD PUT LID ON US DOLLAR RALLY April 6, 2010 BORIS SCHLOSSBERG DIRECTOR OF CURRENCY RESEARCH, GFT US DATA continues to surprise to the upside, demonstrating that the country is well on its way to recovery and that it should join China as the second driver of global growth in 2010. Although last Friday’s US non-farm payrolls did not exceed the bullish forecasts of 200,000 [...]
Rate hike puts the Aussie on track for strong gains in 2010 April 6, 2010 THE fact that the Reserve Bank of Australia (RBA) hiked interest rates by 25 basis points to 4.25 per cent yesterday will not have come as much of a surprise to currency traders – a move either this month or next was widely anticipated and given that the May meeting falls just days before the [...]
The Tipster Dollar strength fails against the Japanese yen April 6, 2010 FRIDAY’S bumper US non farm payrolls pushed US dollar-yen to fresh highs for the year but the dollar failed to sustain this strength in post-Easter trade. A raft of economic data is coming out of Japan later this week, including machine orders for February and if the economic backdrop is looking strong then this could [...]
FOREX FLASH April 6, 2010 COLOMBIA TO STEP UP DOLLAR PURCHASES The Colombian peso may have gained 26 per cent over the past year, but the rally could be stopped in its tracks if the central bank goes ahead and steps up US dollar purchases to help the Latin American country’s exporters. Bank of America analyst Alberto Boquin said yesterday [...]
Big names have to be managed in any business April 6, 2010 MEDIA coverage of the forthcoming general election announced yesterday is bound to focus as much on the personalities of the party leaders as their policies. Is Gordon Brown too dour and introspective to lead the country? Does David Cameron have the gravitas? In business too, CEOs’ characters are more important and more publicised than ever. [...]
To understand the future of law, look back April 6, 2010 LAW firms are currently experiencing change like never before. In the last two years, many firms have seen their revenues and profits decline for the first time in over a decade. They’ve had to let go many talented lawyers, both at partner level and below. Clients who used to accept above-inflation fee increases each year [...]
Replenish and renew with a Spring spa treatment April 6, 2010 The Refinery 60 Brook Street, W1K 5DU, 020 7409 2001 www.the-refinery.com The spa: A quiet, calming oasis for debonair chaps to enjoy a spot of pampering. There’s also a branch in Harrods. The treatment: The Well-Being treatment (75 mins, £90) begins with you being cocooned in blankets in a quiet, darkened room. Starting at the [...]
Avoid injury in the run-in to the marathon April 6, 2010 WITH just three weeks left before the London Marathon, you should have your longest run behind you. Your fitness should be good, and mentally you should be focusing on the big day. It’s vital now that you don’t get injured, so if you are suffering any of the common injuries, this is the time to [...]
