FTSE commodities drop on fear over Fed announcement September 21, 2011 BRITAIN’S top shares dropped back yesterday, led by weakness in commodity issues as investors nervously awaited the outcome of a US Federal Reserve meeting with expectations for further economic stimulus seen as already discounted. The FTSE 100 closed down 75.30 points, or 1.4 per cent at 5,288.41, retreating after a two per cent bounce on [...]
US grim forecast spooks investors September 21, 2011 THE Federal Reserve’s warning that the US faces a grim economic outlook jolted investors yesterday, driving down US stocks more than two per cent, while benchmark Treasury yields hit a more than 60-year low on the Fed’s announcement of a $400bn bond-buying programme. The dollar rallied against the euro and the yen, buoyed by the [...]
Wall St awaits Fed decision as Greece stalls September 20, 2011 US stocks ended little changed yesterday as investors waited to see if the US Federal Reserve would offer more economic stimulus and if Greece made progress in talks to avoid a default. In the lowest volume session since late August, the market gave up earlier gains of about one per cent as investors were wary [...]
MARKET TOO COMPLACENT ON THE EURO September 20, 2011 YESTERDAY, while London was sleeping and Tokyo traders were just starting their day, Standard and Poor’s downgraded Italy, sending euro-dollar into free fall, as the unit plunged more than 100 points in a matter of minutes. Yet when London traders arrived at their desks, the pair proceeded to stage a comeback recovering all of its [...]
THE TIPSTER September 20, 2011 THE dollar’s strength in recent weeks has seen it really surge against its neighbour the Mexican peso, having appreciated some 14 per cent since mid-July. A break above the peso13.000 level is quite significant for the dollar bulls, meaning a test of peso14.000 cannot be ruled out. Capital Spreads quotes peso13.1270-peso13.1470 for dollar-Mexican peso. We [...]
FOREX ANALYST PICKS September 20, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short Aussie-Kiwi, short Aussie-yen, short loonie-yen Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week There is a lot of interest this week in the Fed rate decision and constant turmoil surrounding Greece’s slow motion implosion, so I’ll avoid this risk. Instead, [...]
Let’s twist again … like the Federal Reserve did back in 1961 September 19, 2011 INVESTORS expect the Federal Reserve to pave the way for “Operation Twist” this week, a method of stimulus first used in 1961 that was named after the popular dance. Markets think the Fed will opt for the Twist instead of steaming ahead with a controversial third phase of quantitative easing, dubbed QE3. With few signs [...]
Mooted deal gives late lift to stocks September 19, 2011 US stocks fell yesterday but staged a late comeback after fears of a looming Greek debt default diminished on news of a possible deal to advance new bailout funds to Greece. Stocks spent most of the session sharply lower after European leaders disappointed investors by failing to come up with any new solutions to the [...]
RALLIES TURN TO DECLINES AHEAD OF FED September 19, 2011 GLOBAL equity markets rallied sharply last week. The initial catalyst came from rumours that China stood ready to purchase Italian debt. Then stocks shrugged off worries about the credit-worthiness of the largest French banks, after German Chancellor Merkel and French President Sarkozy insisted that Greece will remain a member of the Eurozone. Greek Prime Minister [...]
Making the CUT in style September 19, 2011 CUT 45 Park Lane, W1K 1PN, www.45parklane.com, 020 7493 4545 FOOD **** SERVICE *** ATMOSPHERE **** Cost per person without wine: £70 IN the past, finding high-quality steak in London meant ordering plump filet mignon in a superior French restaurant and hoping the chef knew what to do with it. That’s all changed in the [...]