Dow climbs despite fears over finance reform bill April 26, 2010 US STOCKS edged lower yesterday as bank shares fell on fears that financial reform making its way through Congress will curb profits, while Caterpillar’s strong results buoyed the Dow. A proposal to overhaul financial regulation that could restrict lucrative derivatives trading was expected to face a crucial Senate test vote yesterday and weighed on financial [...]
Lawyers back Goldman on SEC disclosure April 19, 2010 LEGAL experts yesterday insisted that Goldman Sachs was justified in concealing from investors the first stages of the Securities and Exchange Commission’s probe into obscure credit derivative trades at the bank. Goldman came under fire at the weekend after it emerged the bank had known about the investigation months before fraud charges were officially filed [...]
Still time for Essar to get this right April 15, 2010 THE London Stock Exchange’s biggest flotation in four years should be a cause for celebration in the City. The fact that the flotation is that of an Indian group that might have otherwise chosen Hong Kong or New York or anywhere else in the world to list its oil, gas and energy division, should make [...]
Transport shares boost Wall Street April 15, 2010 US stocks posted their sixth straight day of gains yesterday as an encouraging profit forecast from United Parcel Service (UPS) lifted transportation shares, though concerns about a rise in weekly jobless claims limited the market’s advance. Financial stocks weighed on the S&P 500 as they gave back some gains after Wednesday’s strong rally. UPS posted [...]
S&P soars through 1,200 as JPMorgan results cheer April 14, 2010 US stocks notched a fifth straight day of gains as stronger corporate results and March retail sales pushed the S&P 500 past 1,200 for the first time in 18 months. Dow components Intel and JPMorgan Chase paced the market after both posted strong results. JP Morgan was up four per cent on the Dow to [...]
Dan Stewart chief heralds a growth era April 6, 2010 ADAM Wilson, the incoming chief executive of broker Daniel Stewart, aims to turn around the ailing business via an aggressive push to raise regional capital around the world, including on the fast-growing US equivalent of the Alternative Investment Market (Aim). Wilson, who previously turned around both Hichens Harrison and Teather & Greenwood before selling both [...]
S&P 500 boosted by lift for bankers April 6, 2010 THE S&P 500 and Nasdaq rose modestly yesterday as the banking sector got a lift from positive analyst comments, while minutes from the Federal Reserve’s last meeting eased concern over rising rates. The minutes suggested the central bank could keep interest rates at ultra-low levels longer than investors have anticipated if the economy worsens. Lower [...]
US markets flourish as positive news floods in April 5, 2010 Shares of natural resources companies led the gains on expectations that an improving economy would drive up demand. US front-month crude oil futures topped $86 a barrel and gave a big lift to energy shares, with Exxon Mobil Corp up almost 1 per cent and Chevron Corp up 1.3 per cent. The S&P energy index [...]
Five tips for traders in the second quarter April 5, 2010 THE first quarter of 2010 was a rocky one. We had confirmation that the British economy exited recession in the last three months of 2009 but political polls increasingly pointed towards a hung parliament come the general election. The Eurozone suffered dreadfully from the Greek fiscal crisis and fears grew that its woes could spread [...]
Commodities lift Wall Street ahead of Easter March 29, 2010 US stocks rose yesterday as miners and energy companies advanced on dollar weakness as the quarter’s end approached. Exxon Mobil Corp was up 1.1 per cent to $67.30 and the S&P energy index rose 1.8 per cent. Boeing, up 2.1 per cent and Caterpillar up 1.7 per cent. They were both the Dow’s top boosts. [...]