CITY VIEWS: HAVE YOU NOTICED PRICE RISES EASING IN CONSUMER GOODS? December 13, 2011 TONY KIERNAN ACME PACKET “Not so much with food – but to be honest I don’t do the shopping, my wife does. I’m more aware of the price of petrol – it often stops me getting in the car.” PHILIP GIFFORD DELOITTE “I’ve definitely noticed food prices stagnating, especially bread and milk. Prices have risen [...]
Slump goes on as all eyes on the Fed December 13, 2011 Stocks fell for a second consecutive day yesterday after the Federal Reserve gave no hints of new stimulus measures to offset the effects of the worsening European debt crisis. Though the Fed did leave the door open to further easing next year, as it has done after recent meetings, it gave no indication it was [...]
Eurozone woes will strengthen the dollar December 13, 2011 CMC MARKETS MICHAEL HEWSON Given the problems within the euro area, the dollar looks as if it could post further gains as we head into 2012. However, talk of further easing from the Fed may weigh on the greenback in the medium term, especially with the political deadlock between Republicans and Democrats in the lead [...]
FTSE sees big intra-day swings on varied reports December 11, 2011 WE continue to experience big intra-day swings in equity markets. Last week, the FTSE 100 broke above resistance at 5,600 (the 61.8 per cent Fibonacci Retracement of this year’s May-to-August sell-off) on three separate occasions. It went on to briefly test resistance at its 200-day moving average around 5,630 although it fell back sharply from [...]
Draghi: I will bail out banks but not states December 8, 2011 THE EUROPEAN Central Bank (ECB) cut interest rates to record lows and vowed to step up efforts to keep banks afloat – but will not fulfil hopes that it will bail out indebted governments, bank boss Mario Draghi (pictured) announced yesterday. Acknowledging the credit crunch sweeping the Eurozone, banks can now access unlimited amounts of [...]
LTA appoint Murray’s mum December 8, 2011 TENNIS: The Lawn Tennis Association has appointed Judy Murray as Britain’s New Fed Cup team captain. The mother of British No1 Andy Murray, a former national coach, will also work closely with the LTA player team in mentoring some of Britain’s upcoming female performance coaches. Britain’s women are next in Fed Cup action against Israel in [...]
AVB FUMES, DROGBA BLOOMS December 6, 2011 Victory provides ‘slap in the face’ for Chelsea’s critics CHELSEA 3 vs VALENCIA 0 CHELSEA manager Andre Villas-Boas launched a blistering attack on perceived media “persecution” after swerving a premature Champions League exit and emerging as surprise winners of Group E. Two goals and a vintage performance from Didier Drogba, plus a third from Ramires, [...]
THE MULTIPLE SCHEMES TO DEFEND EURO December 6, 2011 AS THE European leaders meet for their summit tomorrow, currency traders will have only one question on their mind – can the Eurozone move towards greater fiscal integration? The European sovereign debt markets have become nothing more than a game of chipping away at the weakest link. As soon as officials cobble together a bailout [...]
Central banks ride to rescue November 30, 2011 WORLD markets rallied yesterday, after the Fed said it was prepared to pump the global economy full of cheap dollars in a bid to stave off an impending credit crunch. Banks can already borrow the greenback from central bankers if they are short of cash – but yesterday Federal Reserve chairman Ben Bernanke slashed the [...]
The bubble has burst: it is futile to resist reality November 30, 2011 THERE are two ways that one can react to change. The first is to embrace it; the second is to resist it. Contrary to what is often believed, the second option doesn’t always fail – there is no such thing as historical determinism. Wars can often be avoided, for example, or populist tides resisted. What [...]