Baltic Dry is signalling new pullback in the stock market September 21, 2009 GLOBAL trade volumes have dried up since the start of the financial crisis as Western demand for East Asian goods languished, depressing shipping activity as measured by the Baltic Dry Index. Although a well-known leading economic indicator, market strategists such as Societe Generale’s Albert Edwards and Gluskin Sheff’s David Rosenberg have recently been drawing their [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 17, 2009 FINANCIAL TIMES UK RAISES OPEL ‘SUBSIDY WAR’ FEARLord Mandelson called on Brussels last night to ensure that Germany’s offer of multibillion-euro subsidies to smooth the sale of General Motors’ European arm does not begin a “subsidy war”, with governments using state aid to protect jobs. The UK business secretary’s intervention in the political row over [...]
Markets in Emerging Asia showing Eastern promise for UK investors September 16, 2009 EMERGING markets will, so the optimistic growth story goes, lead the rest of the world out of recession. They sprang back from the Asian crisis of 2007-8, the dot com crash of 2001 and are now, if quarterly GDP data and stock market indices are anything to go by, doing the same again. Asian tigers [...]
USin further gains as M&Adeals rise September 14, 2009 US stocks rose yesterday as reports of more merger activity added to a string of recent deals, suggesting investors still see value in the market after its run up of more than 50 per cent since March. Optimism about potential deals overshadowed concerns about trade friction between the United States and China after Washington imposed [...]
Expect ups and downs in Asia for at least the rest of 2009 September 13, 2009 MARKET analysts in the US and Europe are persistently pointing out just how fast equities have rallied in the advanced economies over the past six months. But if you thought that the Western world has staged a miraculous stock market rally, you should look at the meteoric performance of Asian stocks. Asian indices were not [...]
EXPECT MORE RISES IN THE GOLD PRICE September 7, 2009 MARTIN SLANEYHEAD OF DERIVATIVES, GFT DESPITE stock markets being jittery after a surging summer, investors and speculators didn’t have far to look before finding an alternative home for their trading buck. Gold is glittering once more, coming close to the $1,000 per ounce price tag, and trading levels on the spot gold CFD are soaring [...]
Mandelson promotes UK in China September 6, 2009 Business secretary Lord Mandelson is currently leading a delegation of UK businessmen to China to forge better business relations between the two countries on a range of issues, particularly on low carbon economic development. Mandelson will meet with Chinese Premier Wen Jiabao and other senior government ministers and business organisations on the trip. “China is [...]
BANKERS AND MINERS ARE IN DEMAND September 2, 2009 ALEXANDRE HOUPERTHEAD OF LISTED PRODUCTS UK, SG CORPORATE & INVESTMENT BANKING LIKE all investors, those who use covered warrants will be starting to think about how to position themselves for a potential global upturn. Two sectors in particular have been at the forefront of the market’s summer rally: banking and mining. Given how low banking [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 2, 2009 FINANCIAL TIMES OCH-ZIFF SET TO EARN PERFORMANCE FEES AGAINOch-Ziff, one of the largest hedge fund managers in the world, is set to start earning performance fees again across its $21.7bn (£13.3bn) of funds. The flagship Och-Ziff master fund is up 17.6 per cent this year, meaning it has almost completely recovered from losses incurred in [...]
Aussie looking vulnerable as investors fear Chinese bubble September 1, 2009 SINCE equity markets began to rally in March, traders have been riding the wave of the strong Australian dollar. Since then, going long on the currency has been a no-brainer for foreign exchange traders across the world. Those who entered positions back then will have benefited from the 39 per cent rise in Australian dollar [...]