Further earnings gloom sends the FTSE to its biggest drop in a month October 23, 2012 BRITAIN’S top share index fell for a third session yestrday, weighed down by concerns over weak earnings and the Eurozone crisis after a failed attempt last week to break through technical resistance levels. The blue-chip FTSE 100 posted its biggest one-day drop in nearly a month, bringing the index to its lowest levels in a [...]
Volkswagen gives you two-in-one October 23, 2012 Few cars become iconic in their own production lifetime; they have to be unusually good and dearly loved by a loyal customer base. Over the years, Volkswagen has achieved this several times: there was the Beetle, of course; then the sporty Golf GTI, which single-handedly created the hot hatchback segment when it was introduced back [...]
CAR TALK October 23, 2012 Jeep’s new S-Limited model features a powerful audio system Jeep has announced the launch of a new Grand Cherokee “Sports Line” version, the S-Limited. Powered by a 3.0-litre V6 CRD diesel engine, the S-Limited has muscular looks with a distinctive black grille, rear light bar and black gloss alloys. Inside, a 825-watt Harman-Kardon audio system [...]
The Fed has created golden opportunities October 23, 2012 MONETARY expansion has inadvertently given commodity prices a huge boost – but should traders focus on the spot commodity or gold mining equities? With the creation of QE Infinity – the open-ended quantitative easing programme unveiled last month by the US Federal Reserve – traditional monetary policy is now nothing but a speck on the [...]
Euro-dollar moving averages suggest a strengthening of the single currency October 23, 2012 ACCORDING to patterns of euro-dollar trend dynamics, the currency pair may be ripe for an upside breakout. For the third consecutive week, euro-dollar has pushed further above its 50-week moving average (WMA). Moving averages are used to define price direction by smoothing out price data with a slight lag. The longer the moving average, the [...]
Sterling trend may continue to be a friend October 23, 2012 IT HAS been difficult to accurately gauge the performance of the UK economy recently. The Olympics, Diamond Jubilee, and even the weather, have distorted the picture. In the last month, we have had positive government borrowing figures, excellent retail data, equally impressive employment data and have seen inflation fall to three year lows. However, construction, industrial [...]
Trading in yen risks losing a slice of profits October 23, 2012 THE Japanese yen has taken a smashing lately, falling by 3.5 per cent against the dollar since mid-September. Recent data shows Japan’s exports are down 10.3 per cent annually. While trade with China, its largest trading partner, is down 14.1 per cent on the back of political tensions over the Senkaku islands; trade to Western [...]
Failure to fix market uncertainty is making the retirement crisis worse October 23, 2012 VIRTUALLY every developed nation is suffering from the reluctance of investors and chief executives to invest in new businesses, jobs or ideas. They’ve adopted a wait-and-see attitude because markets are missing the two components essential for confidence: trust and certainty. Investors are angry and cynical. For five years, they have consumed a daily diet of [...]
Surprise collapse in Google’s share price offers a warning for all companies October 23, 2012 THE dramatic crash in Google’s share price and the temporary suspension of trading in its shares made headline news. The event was triggered by a 20 per cent year-on-year fall in profits in the third quarter of this year. As usual, there was no shortage of explanations for why this happened – after the event, [...]
We don’t need the EU to legislate for women on boards October 23, 2012 I N A closed meeting in Strasbourg yesterday, European commissioners heavily criticised a package of reforms proposed by the commissioner for justice Viviane Reding. Among the proposals she put forward, Reding argued for a compulsory 40 per cent quota for female non-executive directors across the EU by 2020, reporting requirements for medium-sized businesses, and fines [...]
