TRADERS LOOK BEYOND THE US DOLLAR June 1, 2009 MARK OUTTENSENIOR DEALER, GFT PRIOR to 2007 it seemed that every time you turned on a financial news channel someone would mention the “carry trade,” which involved buying and holding currencies with the highest interest rates against currencies with the lowest. Many gambled that the difference in relative yields would more than compensate the holder [...]
The weird and wonderful meet in a revamped hotel classic June 1, 2009 DORCHESTER GRILL53 PARK LANE, LONDON W1K 1QATEL: 020 7629 8888FOODSERVICEATMOSPHERE Cost per person without wine: 35 THE Dorchester Grill has got to be one of the most luxuriously Scottish-looking rooms in London. It is a feast of plaid, banquette sofas for one and armchairs in rich hues. Though there aren’t antlers up on the walls, [...]
Lower market volatility sees swing trading appeal rising June 1, 2009 IT might be tempting for a trader to despair in these markets. Volatility is low – as measured by the CBOE’s Volatility Index it is below the 30 mark, compared with 89 in October. There is little movement anywhere. Take for example the FTSE 100, which is stuck in the 4,300-4,500 range. Day trading has [...]
Chapter 11 at GM sends US stocks up June 1, 2009 US stocks rose yesterday, sending the S&P 500 to its highest close in seven months, as reassuring economic data reinforced hopes that demand will stabilise, while General Motors’ long-expected bankruptcy filing ended uncertainty about the carmaker’s fate. Data showing that the US manufacturing sector contracted in May at a slower rate than expected fuelled hopes [...]
Make the most of summer learn how to turn the park into a gym June 1, 2009 I AM standing in Green Park, puffing and panting, my lungs burning. My arms hurt. My legs are heavy. A line of schoolchildren walks past. If I were them, I would probably be pointing and laughing, but it appears that they are better brought-up than me. I then run towards a bench and start doing [...]
Economic cheer sees FTSE break through 4,500 barrier June 1, 2009 THE FTSE 100 ended 2 per cent, or 88.25 points, higher yesterday at 4,506.19 as some unusually upbeat data saw optimism about the global economy rise. Mining stocks led the charge, as metal prices firmed, bolstered by hopes for increased demand particularly following bullish Chinese data. China’s official purchasing managers index for May stayed above [...]
Real Alonso rumours are false, says defiant Benitez May 31, 2009 LIVERPOOL manager Rafael Benitez has emphatically denied reports that midfielder Xabi Alonso has agreed a summer move to Real Madrid. Spain playmaker Alonso was strongly linked with a move to Arsenal 12 months ago but flourished at Anfield last season, and Benitez expects that to continue. “The situation is clear, we do not want to [...]
England call on Milner after Carrick ruled out of qualifiers May 31, 2009 MANCHESTER UNITED midfielder Michael Carrick has been ruled out of England’s upcoming World Cup qualifiers with a foot injury. Aston Villa’s James Milner has been promoted from the Under-21 squad to replace Carrick, who looked out of sorts in Wednesday’s Champions League defeat to Barcelona. England face Kazakhstan on Saturday in Almaty before returning to [...]
Ancelotti set for Chelsea as he quits Milan May 31, 2009 ITALIAN coach Carlo Ancelotti last night paved the way for his expected arrival at Chelsea by parting company with AC Milan – and admitted he would like to bring Brazil superstar Kaka with him. Ancelotti is tipped to this week be confirmed as the replacement for Guus Hiddink, who completed a successful stint as temporary [...]
Sport on TV May 31, 2009 Tennis: French Open, Day Nine, British Eurosport and BBC interactive, 10am.Cricket: Australia v Bangladesh, ICC World Twenty20 warm-up, Sky Sports 1, 1pm.Cricket: Pakistan v South Africa, ICC World Twenty20 warm-up, Sky Sports 1, 5pm.Football: England v Scotland, Under-Setanta Sports 1, 6:45pm (kick-off 7pm).
