‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
CITY MOVES | WHO’S SWITCHING JOBS January 19, 2010 Collins Stewart The investment banking group’s wealth management division has hired Richard Christmas to its new corporate executive and employee trading (CEET) desk. He joins from Credit Suisse, where he worked with Michael Smith, now head of the CEET desk for Collins Stewart, which provides broker services to listed firms, their employees and third-party share [...]
The City’s most fearsome litigator still has plenty of fire in his belly January 19, 2010 Change is on the way at Herbert Smith as David Gold, who over the last 36 years has built a reputation as one of the most fearsome commercial litigators in the country, will stand down after five years as the City law firm’s senior partner in April. In a distinguished career, Gold has represented Abbey [...]
CFTC action is good for UK forex dealers January 19, 2010 After giving energy traders a relatively easy deal in a bid to curb speculation in the commodity markets last week, the CFTC (Commodity Futures Trading Commission) has now turned its attentions to forex. The agency is proposing a dramatic regulatory overhaul for the foreign exchange markets in the US, worth more than $3.6 trillion a [...]
EURO-DOLLAR HANGING IN THE BALANCE January 19, 2010 DIRECTOR OF CURRENCY RESEARCH, GFT Although the year is barely two weeks old it is already becoming abundantly clear to most currency traders that rates on both sides of the Atlantic are like to remain stationary for most of 2010. Last Thursday, at the European Central Bank’s monthly press conference, president Jean-Claude Trichet provided a [...]
Pound rises on Greek woes January 19, 2010 AS ANY British tourist heading to the Eurozone or the US will be aware, our pounds don’t go half as far as they used to. Sterling has been the whipping boy of the currency markets for over a year now and there’s little sign, at least in terms of the big picture, that we Brits [...]
The Tipster January 19, 2010 STERLING has been having a storming week and traders are beginning to reconsider their uber-bearish view of the pound. Yesterday’s record inflation data – the annual consumer prices index leapt to 2.9 per cent – is likely to be followed by a period of high inflation. This is forecast to put pressure on the Monetary [...]
Drugmakers give FTSE a lift as investors bet on healthcare January 19, 2010 BRITAIN’S top share index ended up 0.3 per cent yesterday, led by pharmaceuticals on hopes that US President Barack Obama’s healthcare reforms could be hampered, while banks fell after results from US bank Citigroup. The FTSE 100 index rose 18.75 points to 5,513.14, extending Monday’s gains when the market rose 0.7 per cent. Pharmaceuticals echoed [...]
Strong IBM result boosts tech shares January 19, 2010 US stocks rose broadly yesterday, lifting the Dow and the S&P 500 to fresh 15-month closing highs as investors bet a potential Republican victory in Massachusetts’ Senate race could stall Obama’s reform agenda. Wall Street also got a boost from technology shares, which rallied in anticipation of strong earnings from bellwether International Business Machines, which [...]
Tevez strikes haunt United January 19, 2010 MANCHESTER CITY (2) vs MANCHESTER UTD (1) CARLOS TEVEZ returned to haunt his former Manchester United boss Sir Alex Ferguson and take City a step closer to a first major Wembley final in 29 years. Tevez played the starring role in a pulsating derby encounter, scoring twice as City came from behind to take a [...]
Sullivan and Gold vow to nail Hammers’ £110m debt pile January 19, 2010 WEST HAM’S new owners David Sullivan and David Gold have pledged to drag the Hammers out of the financial mire after laying bare the full extent of the club’s crippling £110m mountainof debt. Former Birmingham City owners Sullivan and Gold yesterday took charge of the East End outfit they grew up supporting after acquiring a [...]
