Markets defriend Facebook again May 21, 2012 AT the depths of its slump, Facebook yesterday fell by as much as 20 per cent from the highest print since Friday’s IPO. And it was not just Facebook that took a hit. Having first set their sights on the social network, markets then turned their ire on the rest of the publicly-listed Internet 2.0 [...]
Analyst picks for 21 May 2012 May 21, 2012 CURRENCY STRATEGIST JOEL KRUGER My pick: Looking to buy dollar-yen Expertise: Technical analysis Average time frame of trades: 1 day to 1 week This is a market in the process of carving a significant longer-term bottom, after posting record lows in 2011 by ¥75.50. As such, the latest pullback from yearly highs by ¥84.20 is [...]
Two days to go: Buy your tickets to City A.M.’s trading conference May 21, 2012 Q What is your trading background? A I studied economics and maths at university, and then worked in the research department of Australia’s Central Bank. I moved into investment banking, initially running a derivatives desk. I learned about macro-trading and headed a proprietary trading operation. In the mid-1990s, I ran a hedge fund in Bermuda [...]
The global boom in commodities is a long term story May 21, 2012 But there will be plenty of risks and challenges along the way INVESTING in natural resources offers the potential for high returns for investors, but risks are ever present. Both the demand and supply sides need to be assessed. What are the main challenges for resource companies at this moment and how best should the [...]
BEARS GAINING GROUND AS GREECE PUSHES FTSE SLIDE May 21, 2012 CHIEF MARKET STRATEGIST THE impending arrival of Facebook into global markets did little to shore up optimism last week, as markets tracked relentlessly lower for the entire week. As with the preceding week, Greece remained the centre of attention, dragging Spain and Italy into its mire. Better German GDP figures provided only the briefest relief [...]
FOLLOWING THE PROFESSIONALS May 21, 2012 Though the large commodities funds can be taking position sizes in the hundreds of millions, spread betting and contracts for difference can allow the retail investor to take positions on commodities and still see returns. Taking a position on gold bullion would usually take a huge amount of capital to take advantage of a $10 [...]
Costly new Italian is a safe bet for good clients May 21, 2012 RESTAURANT COTIDIE 50 Marylebone High Street, W1U 5HN Tel: 020 7258 9878 FOOD *** SERVICE **** ATMOSPHERE *** You wouldn’t think London needed yet another high-end Italian restaurant. Well, apparently, it does – or at least, it won’t say no to one. For a late sitting one recent Thursday, the (fairly) new Cotidie was surprisingly [...]
How to invest in a beautiful smile May 21, 2012 Smile, and the world smiles with you. It sounds simple enough, but missing, wonky or stained teeth can leave you wanting to keep your gnashers firmly to yourself. Fed up with feeling self-conscious about your smile? Thought about getting dental treatment, but wrote it off as too much hassle? You might be surprised to learn [...]
Barclays to sell $6bn BlackRock stake May 21, 2012 Barclays bank is to sell all of its $6.1bn (£3.8bn) stake in US asset manager BlackRock, which it has held for almost three years. Barclays said the shares would be sold by way of an offering and a related buyback by BlackRock of up to $1bn of the stock. A prospectus was filed by BlackRock [...]
Bank rally helps steady FTSE May 21, 2012 The FTSE 100 was solid this morning despite the storm clouds – created by the Eurozone crisis – still hanging over markets. Over the weekend G8 leaders stressed their “imperative” was to promote growth and jobs and gave verbal backing for Greece to stay in the euro. But despite calls from the United States for [...]
