Get ready to profit from an autumnal pullback in indices August 31, 2009 OPTIMISM has been returning to the markets recently, but it would be foolhardy to believe that the worst is over. Last week, David Buik at BGC Partners pointed out that after the initial crash in 1929, the markets staged a powerful rally that retraced 60 per cent of these losses. Since the 6 March 2009 [...]
MAYBE THIS IS AS GOOD AS IT WILL GET August 31, 2009 TAKING A VIEW Trading OutlookBRIAN DOLANCHIEF CURRENCY STRATEGIST, FOREX.COM AS SUMMER draws to a close, indications are increasing that the risk rebound has run its course and that markets are likely entering a more difficult phase of the global stabilisation/recovery story. On the technical side, in stocks, bearish divergences between price and momentum abound in [...]
THE TIPSTER GERMAN DAX TIPPED FOR A FALLBACK August 31, 2009 GERMANY’S manufacturing sector might have been hit by the global recession but that didn’t stop Western Europe’s largest economy posting a modest expansion in the second quarter. However, analysts remain wary of calling an end to the recession and warn that there could be a pullback in the autumn. There are now signs that the [...]
More retailers could follow Woolies as hard times continue August 31, 2009 RETAILERS were in August their most positive since November 2007, a recent survey from the Confederation of British Industry (CBI) showed. Only 2 per cent of retailers surveyed by the CBI in August are expecting the situation to get worse, despite high street sales falling for the fourth month running. And indeed, with all the [...]
TOO EARLY TO CALL THE IMPACT OF JAPAN’S ELECTION August 31, 2009 MARTIN SLANEYHEAD OF DERIVATIVES, GFT CHANGE is in the air in Japan. For more than 50 years the conservative Liberal Democratic Party enjoyed virtually unbroken rule. Unhappy with record unemployment and the problems of an ageing population, the centre-left Democratic Party. This may well herald a honeymoon period for the new government but is the [...]
France to show no mercy in tax probe August 31, 2009 FRANCE will not offer an amnesty to 3,000 of its citizens suspected of using Swiss bank accounts to evade tax on around €3bn (£2.64bn) worth of assets, budget minister Eric Woerth said yesterday. Woerth revealed at the weekend that he had obtained the list of suspected tax evaders and warned that those on the list [...]
INVISIBLE LEH-MAN TO HIT BACK AT CRITICS August 31, 2009 NIGH on a year after the collapse of Lehman Brothers, and the tales are really starting to come out of the woodwork. I hear that “The Gorilla” wasn’t the only nickname the bank’s former boss Dick Fuld earned for himself during his tenure at the top – employees on the trading floor also called him [...]
Women: Use celebrity to get whatever you want August 31, 2009 ANDY WARHOL said that everyone would have their 15 minutes of fame. The rise of celebrity has been astounding as a phenomenon. The women’s movement, where moderate success has been won through policy and protest, has much to learn from it. The craze with which anybody can become famous has been fuelled by crowd-sourced talent [...]
BILL OF THE WEEK August 31, 2009 THE MORE ostentatious among you may baulk at the idea of a bill totalling under £1,000, but allow The Capitalist to present… a £986.12 cheese tasting session. Yep, this group of accountants popped into South Kensington cheese shop La Cave a Fromage last week for cheese and a couple of glasses of wine. Along with [...]
CITY MOVES WHO’S SWITCHING JOBS August 31, 2009 PricewaterhouseCoopersThe accountancy giant has appointed Nick Secrett to its pensions capital management team, which was launched at the end of last year and is headed up by partner Chris Massey. “Secrett has a wealth of capital markets expertise and will work with our clients to model and control their pension financing and investment risks,” said [...]
