FTSE 100 slips below 4,200 but defensives stay afloat July 6, 2009 THE FTSE 100 fell one per cent yesterday to close 41.37 points down at 4,194.91, on concerns about the global economic outlook, with heavyweight oils, miners and banks leading the market lower, after it gained 0.1 per cent on Friday. The index fell through the 4,200 level for the first time since late April. It [...]
US rises on health and food stocks July 6, 2009 THE Dow industrials rose and the S&P 500 rebounded in late trading yesterday as investors’ concerns about the strength of an economic recovery triggered a move into defensive stocks. But the technology-heavy Nasdaq slipped as investors rotated out of the tech sector, which is viewed as more reliant on the economic cycle. A series of [...]
Use currency indices to help diversify your forex trading July 6, 2009 CURRENCY markets have proved particularly popular among contracts for difference (CFDs) traders over recent months, due to the extent of opportunities in the forex markets as risk appetite waxes and wanes. But one of the problems with CFD positions on currency pairs is that in order to be bullish on one currency, by definition you [...]
VOLATILITY ON THE WAY FOR THE SUMMER MONTHS July 6, 2009 MARTIN SLANEYHEAD OF DERIVATIVES, GFTAS WE head into the third quarter and market volatility continues to fade, it’s tempting to think we have a tranquil summer ahead, and that the current range-bound trading patterns are to be entrenched for the holiday season. Some of us may even be scouring the Ashes schedule and hoping the [...]
BANKS ARE TOLD TO MAKE A WILL July 6, 2009 BANKS will be required to write “living wills” to help regulators wind them down in the event of collapse, under a host of plans to be unveiled tomorrow in chancellor Alistair Darling’s white paper on financial regulation. Financial institutions will be told to organise themselves in a way that allows the authorities to carve them [...]
How a 30-minute workout can help you beat the jet lag blues July 6, 2009 HUMANS were not built to cross multiple time zones in metal tubes flying at 600 mph. Then again, we weren’t built for a lot of the things we do and enjoy – were foie gras and chocolate fondant on God’s mind when He created our digestive systems? I doubt it. Jet lag is particularly disruptive, [...]
BA staff in deal snub July 6, 2009 BRITISH Airways’ (BA) cost-cutting plans were dealt a blow yesterday, as 2,000 cabin crew rejected a plan to cut 3,500 jobs, freeze pay and change contracts. The flag carrier is trying to save money after reporting a record full-year loss of £401m earlier this year. BA and unions will reopen negotiations, chaired by conciliation service [...]
LONDON Where to revive July 6, 2009 Mandarin OrientalGo for the Ginger Ritual. This jet-lag busting treatment uses a finger pressure technique, whereby the therapist applies pressure to the body’s shiatsu points to stimulate the flow of energy. Ginger-infused hot towels over the kidneys and a deep massage boosts lymphatic flow and helps relieve the pain of cramped joints. 1 hour and [...]
EU capital plans near July 6, 2009 EUROPEAN regulators expect to unveil measures to force financial institutions to hold greater capital buffers within months, it emerged yesterday. EU finance ministers are today expected to back a draft report, recommending tightening up capital requirements to ensure banks are prepared for economic downturns.
OUT OF OFFICE July 6, 2009 SMIRNOFF BLACK SCREENINGSAnyone who fancies a cocktail with their classic film should head along to the Smirnoff Black Screenings at Chelsea’s Bluebird, which returns after a sell-out 1950s Hollywood series last year. The series offers 9pm big-screen showings of classic films – including Alfie and Casino Royale – in celebration of the silver screen’s most [...]
