FTSE ends in the red as hopes of intervention from Fed wane August 25, 2011 BRITAIN’S FTSE 100 fell yesterday, snapping three days of gains as investor hopes dwindled that Federal Reserve chairman Ben Bernanke would signal more stimulus measures and a rumour about a German short-selling ban triggered profit taking. The blue chip index fell deep into the red on talk a short selling ban may be enacted in [...]
Market falls ahead of Bernanke speech August 25, 2011 US stocks fell yesterday as investors raised cash ahead of a critical speech from Fed chairman Ben Bernanke, hoping he will give them a clearer picture of the Fed’s plans for the struggling economy. Several negatives contributed to the market’s weakness after three days of gains. Jitters over a sharp drop in German stocks and [...]
Gold falls $200 from record highs August 25, 2011 The price of gold has tumbled nearly three per cent to more than $200 below Tuesday’s record highs after the Chicago Metals Exchange Group hiked trading margins in the metal for a second time this month. Investment appetite for gold has cooled ahead of a widely awaited US central bankers’ meeting at Jackson Hole, Wyoming, [...]
Gold drops by more than five per cent as equities spring back August 24, 2011 GOLD plummeted by over five per cent yesterday — its sharpest decline in nearly three years — as some investors cashed in on its recent surge and switched to equities ahead of Federal Reserve chief Ben Bernanke’s hotly-anticipated speech at Jackson Hole. The precious metal – which soared to over $1,900 an ounce earlier in [...]
Miners and energy firms push FTSE to week’s highest close August 24, 2011 Strong miners and energy stocks helped drive Britain’s top share index to its highest close in a week yesterday in choppy trade as investors jostled for position ahead of a speech by Federal Reserve Chairman Ben Bernanke on Friday. Traders pointed to continued speculation that the Fed could unveil a further round of US quantitative [...]
US markets make strong comeback August 24, 2011 US stocks posted strong gains for a second day yesterday as investors jumped back into beaten-down financial shares and backed away from safer assets like gold in volatile trading. The stock market swung back and forth as investors anticipated a key speech from Federal Reserve chairman Ben Bernanke on Friday. There had been hope the [...]
FTSE steady but drinks industry takes a hit August 24, 2011 THE FTSE edged up on opening but investors remained jittery ahead of a key Fed meeting on Friday and a string of company results – particularly in the beverage industry – which showed weak consumer demand. US Federal Reserve Chairman Ben Bernanke is set to make a key speech at an annual central bank conference [...]
FTSE 100 rallies on hope of new stimulus from the Fed August 23, 2011 Britain’s top shares rose yesterday on hopes the US Federal Reserve is close to announcing new stimulus measures, and China and euro zone purchasing data were not as bad as feared. Strong results and an upbeat outlook statement propelled security services firm G4S up 8.5 per cent to top the FTSE 100 list in volume more [...]
Banking and tech stocks lead surge August 23, 2011 US stocks shot three per cent higher yesterday on speculation Federal Reserve chairman Ben Bernanke this week would signal new help for the economy, giving investors hope a four-week rout was nearing an end. Weak data in housing and regional factory activity triggered the latest round of bets that Bernanke will act, even though the [...]
What Bernanke might dig up at Jackson Hole August 23, 2011 WHEN Ben Bernanke makes his speech at the Jackson Hole symposium on Friday, the markets will be hanging on his every word. Helicopter Bernanke picked up his nickname after referring to a Milton Friedman statement about using a helicopter drop of money to fight deflation, and market watchers will be listening for any sign that [...]