BA and Iberia up on deal hopes February 1, 2010 Shares in British Airways rose yesterday on hopes its planned merger with Spanish carrier Iberia will go ahead, despite the European Union (EU) deepening its investigation into the plan. BA, Iberia and American Airlines offered to modify their plans to share more of their lucrative trans-Atlantic routes in an effort to settle a competition dispute [...]
Fears over boiler-room scam February 1, 2010 Thousands of investors’ personal details have been discovered on a “master list” circulating between fraudsters involved in boiler-room scams. The Financial Services Authority (FSA) and City of London Police have warned that the list contains the names of around 10,000 investors, some with addresses and phone numbers. This has led to the launch of Operation [...]
In these markets, you should defend yourself February 1, 2010 DESPITE strong US and Chinese growth data and a solid – if not stellar – US earnings season, it has not been a good fortnight for global equities Since the start of the year, the S&P 500 has lost 4.6 per cent, the FTSE 100 is down 5.2 per cent and the MSCI World index [...]
RETHINK YOUR VIEW ON GOLD AND SILVER February 1, 2010 CFD Market Strategist, GFT After a strong start to the New Year, equities finished January on a very weak note. With China beginning to tighten policy, investors have become twitchy. The prospect of a drop in Chinese demand and a world with less liquidity has rattled financial markets. There was hope that the US earnings [...]
CFD Profile | UK consumer price index February 1, 2010 Spread: Five basis points on the nearest contract month, 10 basis points for other contracts. Min/ Max size of trade: £1/£25 (maximum account position is £25) Margin Requirement: 5 per cent Trading Hours: 08:00-16:30 London time (Information provided by GFT) After rising to 2.9 per cent in December, the spike higher in UK inflation looks [...]
CFD ANALYST PICKS February 1, 2010 TECHNICAL STRATEGIST JOEL KRUGER My pick: Buy oil at $68 Expertise: Technical analysis Average time frame of trades: 5-10 days Explanation: Oil has been trading in a choppy consolidation over the past several months, and while we still see room for additional pullbacks over the coming days below $70.00, any additional declines should be very [...]
Happy Monday for financials as US data lift big cap shares February 1, 2010 Britain’s top share index closed 1.1 per cent higher yesterday, helped by upbeat US manufacturing data, with banks and commodity stocks topping the list of gainers. The FTSE 100 closed up 58.89 points at 5,247.41, having dipped to 5,163.57 earlier in the session. The index ended 0.8 per cent higher on Friday. Experts said the [...]
Exxon and factories light up Wall Street February 1, 2010 US stocks rose yesterday as better-than-expected data on the manufacturing sector and earnings from ExxonMobil revived bullish sentiment after stocks closed out their worst month in almost a year. Exxon’s stock gained 2.7 per cent to end at $66.18 after the largest US oil company reported natural gas products boosted results at its exploration arm. [...]
Keane wraps up ‘dream’ Celtic switch February 1, 2010 ROBBIE KEANE last night completed his move to boyhood heroes Celtic in the headline deal of an otherwise subdued deadline day for the big clubs. The Tottenham skipper was given permission to talk to the Bhoys by boss Harry Redknapp before agreeing to a loan deal until the end of the season. The Republic of [...]
Hammers pull off triple striker swoop February 1, 2010 WEST HAM manager Gianfranco Zola swooped for three forwards on deadline day in a desperate bid to bolster his strike-force for the relegation run-in. Blackburn’s Benni McCarthy, Middlesbrough’s Mido and little-known Brazilian Ilan all arrived at Upton Park as Zola waited until the last minute to do business. McCarthy, 32, signed a two-and-a-half-year contract after [...]
