US debt prices fall on significant employment rise January 5, 2011 NEWS of the huge jump in US private employment in December has caused US government bond prices to drop substantially. Treasury prices sold off after ADP Employer Services said US private employers added 297,000 jobs, three times greater than forecast. Prices reduced further after the Fed bought only $1.5bn in bonds ranging from 17 to [...]
United go three points clear in race for title January 4, 2011 MANCHESTER UNITED 2 vs STOKE CITY 1 MANCHESTER UNITED manager Sir Alex Ferguson has told his players to ignore the criticism and focus on recapturing the Premier League title. Splendid goals from Javier Hernandez and Nani, which came either side of Dean Whitehead’s surprise equaliser, helped United open up a three point lead over Manchester [...]
FTSE bounces in New Year rally January 4, 2011 POSITIVE economic news from across the globe saw a sharp rise in London stocks, with the FTSE jumping above the psychologically-important 6,000 barrier. It finished the day up almost two per cent at 6,013.87 – its highest close since the start of June 2008. And US markets also reacted positively after being reassured by the [...]
We are barking up the wrong tree January 4, 2011 ANOTHER day, another set of strong global economic figures. UK manufacturing is expanding at its fastest rate since 1994, according to a key survey. US factory orders are accelerating and the Fed upped its growth outlook last night. The world is undergoing an emerging-markets led rebound; barring an implosion in the Eurozone or some other [...]
FTSE hits 31-month high on first close of 2011 January 4, 2011 LONDON saw a storming start to 2011 as the FTSE moved above the 6,000 level in the year’s first trading session to close at a 31-month high. The FTSE 100 moved up 1.9 per cent or 113.93 points to close at 6,013.87, its highest level since June 2008, buoyed by rises on US and European [...]
STOCKS MUST NOT RELY ON QE STIMULUS January 3, 2011 CFD MARKET STRATEGIST, GFT AS WE head into the new year, there are a number of significant financial and economic issues still unresolved. The most immediate problem is the European debt crisis. The potential insolvency of many banks and the high levels of public debt of many member states will continue to weigh on the [...]
GOOD TIMES FOR EQUITIES MAY NOT LAST December 20, 2010 CFD MARKET STRATEGIST, GFT DESPITE a couple of nasty dips earlier this year, 2010 is ending on a high note for equity investors. Worries over the European debt crisis, concerns about stubbornly high US unemployment and a crippled housing market, and growing fears of inflation in emerging markets have failed to inflict serious damage to [...]
Keeping a lookout for possible shocks December 19, 2010 MAY YOU live in interesting times may sound like a blessing, but in ancient China, it was considered a curse. Spread betters may be divided on which they think it is, but 2011 certainly looks likely to be interesting. Next year could see more bank crises in Europe, burst bubbles in Asia and painful austerity [...]
Wall St boosted by FedEx’s bullish view December 16, 2010 US stocks, bucking a trend of late-day selloffs, ended higher yesterday as economic bellwether FedEx offered a bullish profit outlook that augured well for broad growth. Stocks that performed well in 2010 were among yesterday’s biggest gainers as investors sought to boost returns by the year’s end. Advancing stocks outnumbered decliners by more than two [...]
Fedex delivers lower profits December 16, 2010 US COURIER FedEx delivered below-expectation second quarter results as additional costs outweighed strong trading, it said yesterday. Profits fell 18 per cent to $283m (£180m) from $345m a year earlier despite revenues rising 12 per cent to $9.63bn. Asian market growth and a global economic recovery pushed overseas volumes to a record high, it said. [...]