FTSE dwindles as defensive stocks drop ahead of Fed and euro news September 10, 2012 BRITISH blue chip shares dipped yesterday as weakness in defensive stocks outweighed strength in risk-sensitive cyclicals, such as miners, and investors positioned for more newsflow out of Europe and the United States. The FTSE 100 closed down 1.60 points, or 0.03 per cent, at 5,793.20, with the index yo-yoing in a tight range around the [...]
Markets dip on Wall Street as tech stock falls September 10, 2012 WALL Street stocks fell yesterday as investors locked in gains on a recent rally ahead of possible policy action from the Federal Reserve later this week, while weakness in Intel shares weighed on the Nasdaq. The benchmark S&P 500 index closed at highs last week not seen in nearly five years, motivating some investors to [...]
Ignite the spirit of the Games Makers in our employees September 10, 2012 FAREWELL then, to the undisputed stars of the London 2012 Olympic and Paralympic Games – the Games Makers will be missed. Overnight, London became a friendlier place. Anyone who was helped by them, or who heard the prolonged applause for them at the closing ceremonies, will know they rose to the occasion brilliantly and contributed [...]
US data points to a burst of QE from Ben Bernanke September 10, 2012 FX360 GLOBAL equities rallied sharply last week, with most of the gains coming after the European Central Bank (ECB) president, Mario Draghi, spoke on Thursday. There was nothing in Draghi’s statement that had not been telegraphed to the markets in advance. Nevertheless, investors piled into “risk assets” as the ECB president backed-up his earlier promise [...]
Oil trading on hopes of stimulus September 10, 2012 THOUGH oil is in the middle of a bullish trend, prices find themselves pushed and pulled between potential stimulus measures, that could drive price on the upside, and the threat of oversupply, dragging the price back down. STIMULUS HOPES With weak macro data coming out of China and markets on tenterhooks in anticipation of the [...]
Analyst picks for 11 September 2012 September 10, 2012 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Short Aussie-dollar Expertise: Fundamental and technical analysis Average time frame of trades: 1 day to 1 week Despite the rebound, Aussie-dollar has pulled back to respect a former channel, reversing some of its gains from the Chinese stimulus measures announced last week. Accordingly, topside resistance comes in at Au$1.0350-55 [...]
Game on at the Jugged Hare September 10, 2012 THE JUGGED HARE 49 Chiswell Street, EC1Y 4SA Tel: 020 7614 0134 FOOD *** SERVICE **** ATMOSPHERE ***** Cost per person without wine: £40 You shouldn’t review restaurants when you have a cold. You shouldn’t go to them at all. As anyone who remembers primary-level biology will tell you, 70 per cent of things you [...]
Analysts expect third round of QE at this week’s Fed meeting September 9, 2012 THE FEDERAL Reserve will engage in its third round of quantitative easing at their next meeting this week, analysts believe, based on the worse-than-expected job data that came out last week. Headline payrolls rose only 96,000, whereas the consensus forecast was that 130,000 would be created – and the 0.2 per cent fall in the [...]
Let’s not pretend there’s real strength in the US economy September 9, 2012 IT has become a favourite refrain of strategists: describing America as “the best house on a bad block”. Given Europe’s deepening recession and slowing across once red-hot Australasia, one can see why. The US economy has been chugging along at a growth pace of around 2.2 per cent; the S&P 500 has doubled since its [...]
A nice rally while it lasted: Wall St analysts call the top of the market September 9, 2012 AT the start of the historically weakest month for equities there are plenty of reasons to believe stocks may be just about reaching a top – at least in the short term. The S&P 500 has surged 14 per cent this year and is at its highest level in more than four years. Not counting [...]