Weak sterling helps push up inflation rate January 17, 2010 INFLATION is forecast to have surged in December, fuelling concerns that the Bank of England’s ultra-loose monetary policy is allowing inflationary pressures to build up. Economists on average expect the annual rate of inflation in December – published on Tuesday – to hit 2.5 per cent, with further rises in the pipeline. December marks the [...]
SHOULD THE MPC PAY ATTENTION TO THE STRONG UPTREND IN UK INFLATION ? January 17, 2010 MICHAEL SAUNDERS | CITIGROUP I doubt the MPC will totally dismiss the inflation upsurge because of the risk that its anti-inflation credibility continues to erode. Outside recession, an inflation targeting central bank cannot credibly ignore such large and repeated upside surprises in inflation data. PHILIP SHAW | INVESTEC We do not envisage significant concerns here, [...]
Markets are still at risk of a relapse January 17, 2010 AS anybody who has ever watched a medical drama on television will know, signs of recovery are not always what they appear to be. This is especially true when the illness has been serious and the recovery is swift. This is just as true for the markets as it is for photogenic hospital patients. It [...]
THE TIPSTER January 17, 2010 Retailers have had mixed fortunes over the Christmas period. Although shoppers spent huge amounts of cash in the run-up to the festive season, not everybody has gained in the same way. Supermarkets and cheap high-street chains have out-performed – department store John Lewis recorded its best ever revenues in December. But others could not keep [...]
Smart idea to take a punt on the tech sector January 17, 2010 Jaws dropped on Wall Street late Thursday after Intel, the computer chip maker, reported an 875 per cent increase in profits between October and December last year. Profits were $2.3bn, up from $234m in the same quarter in 2008, smashing analyst expectations. But while a nine-fold increase in profits is unlikely to be replicated this [...]
Give your charting abilities a boost January 17, 2010 ALTHOUGH more than 80 per cent of regular spread betters use technical analysis when they are making their trading decisions, scouring the charts in search of patterns that might indicate an imminent breakout or a trend reversal can take hours. And that assumes that you have managed to learn all the chart patterns – of [...]
Bank earnings to give initial lift ahead of UK inflation data and MPC minutes January 17, 2010 Stocks are expected to start the week higher this morning, supported by the prospect of an improvement in the US corporate earnings picture after last week’s disappointing numbers from JP Morgan. GFT is forecasting the FTSE 100 to open at 5,475, up 20 points from Friday’s close. For the technical analysts out there, 5,495 is [...]
Economic Diary January 17, 2010 WHILE US banks will be dominating the calendar across the Atlantic next week, in Britain it is definitely the economic releases that will be taking centre stage. Kicking off is the property website Rightmove’s January house asking price survey, released this morning. The survey shows a monthly rise of 0.4 per cent and a 4.1 [...]
The apps that mean business January 17, 2010 Financial information Bloomberg has the best financial information on the iPhone by a mile (free). For those in the UK, you might also want to add Shareprice (free, pictured above), which gives you real-time live streaming level one market prices for the LSE. MarketWatch from Dow Jones (free) is also good, while Thomson Reuters (free) [...]
Is Twitter all it’s cracked up to be? January 17, 2010 YES Timothy Barber ONE of the things I like most about Twitter is its capacity to seriously irk those who’ve barely even looked at it. There are masses of noteworthy websites out there that most people never use, so the fact that Twitter seems to have a particular capacity to raise the hackles of the [...]
