THE TIPSTER January 20, 2010 EQUITIES are coming under pressure. The threat of a collapse in gold prices is worrying the mining sector while the slew of fourth quarter losses by US banks is also sure to weigh on general sentiment towards equities. Some are suggesting that a correction is overdue and a sell-off could well be imminent. Current IG [...]
A DERIVATIVE THAT covers all the bases January 20, 2010 ALEXANDRE HOUPERT HEAD OF LISTED PRODUCTS, NORTHERN EUROPE, SOCIETE GENERALE THERE was a time when people were frightened to enter into investments. The financial crisis meant that many investors took a painful hit, and elected to steer clear of the markets. But 18 months on, and investors are starting to come back. As before, many [...]
The unstoppable rise of exchange-traded funds January 20, 2010 WHEN one of Europe’s largest hedge funds, Marshall Wace, announced earlier this week that it would be launching an exchange-traded fund (ETF) to track its flagship strategy, it was further confirmation that ETFs are entering the mainstream on this side of the Atlantic. In their standard form, ETFs passively track the performance of an underlying [...]
NEW BREED OF ETFS SPREAD DEFAULT RISK January 20, 2010 MARK WEEKS CHIEF EXECUTIVE, ETF EXCHANGE FOLLOWING the financial crisis and the collapse of Lehman Brothers, investors are more keenly aware of the problems that can ensue if a financial institution were to collapse. Those using passive investment tools such as exchange-traded funds (ETFs) are also more conscious about liquidity and index replication. ETFs have [...]
Lending restrictions in China turn the screw on the miners January 20, 2010 TOP shares recorded a three-week closing low yesterday as more signs of fiscal tightening in China hurt commodity stocks. The FTSE 100 closed down 92.34 points, or 1.7 per cent, at 5,420.80 – the lowest closing level since December 31, 2009. It posted its biggest one-day fall in a month. The index is up 57 [...]
Dow suffers worst 2010 trading drop January 20, 2010 THE Dow suffered its worst drop of 2010 yesterday day as US stocks succumbed to fears that China’s curbs on bank lending might jeopardize the global economic recovery, while IBM’s outlook sparked caution about the technology sector. Chinese authorities have ordered some major banks to curb their lending over the rest of this month after [...]
Gunners reach the summit January 20, 2010 ARSENAL (4) vs. BOLTON WANDERERS (2) ARSENE WENGER’S young Arsenal side showed the character of champions as they clawed their way back from two goals down to hit the Premier League summit. Gary Cahill and a Matthew Taylor penalty fired the visitors into a shock 2-0 lead inside the opening 28 minutes to leave the [...]
We’re coming to get you, warns Benitez January 20, 2010 LIVERPOOL (2) vs TOTTENHAM (0) RAFAEL BENITEZ last night fired a warning to Liverpool’s top-four rivals after his side moved to within one point of a Champions League place with victory over Tottenham. Two goals from striker Dirk Kuyt helped put paid to fourth-place Spurs and show the Reds are still very much in the [...]
Villa win through in 10-goal cup classic January 20, 2010 ASTON VILLA (6) vs BLACKBURN (4) Aston Villa win 7-4 on agg ASTON VILLA fought back from two goals down to book their place in the Carling Cup final following an astonishing goal feast with ten-man Blackburn at Villa Park. Two early strikes from Nikola Kalinic saw Rovers quickly overturn Villa’s 1-0 first-leg advantage before [...]
Double blow for United as debts rise to £716m and FA probe Neville gesture January 20, 2010 MANCHESTER United’s parent company saw its debts swell to £716.5m last year, increasing fears about the club’s financial safety. Latest accounts for Red Football Joint Venture Ltd, which is owned by Old Trafford chiefs the Glazer family and secures its debts against the club, show that debts for the year ending 30 June 2009 grew [...]
