Data disappoints as stocks drop May 17, 2012 US stocks hit a four-month low yesterday as rising Spanish bond yields increased investor anxiety over that country’s banks and another round of weak data undermined hopes for US economic recovery. Growing worries over developments in the Eurozone and lackluster economic data pushed the S&P’s losing streak to five consecutive days. The index, which closed [...]
Stocks sink to lowest level of 2012 after liquidity scare weighs on FTSE May 16, 2012 BRITAIN’s benchmark FTSE 100 index fell to its lowest closing level in more than four months yesterday, as new fears about the Greek banking system killed off a brief afternoon rally on the market. The FTSE 100 fell by 32.37 points, or 0.6 per cent, to 5,405.25 points – above a 5,400 point resistance level [...]
Euro fears see fourth day of falls on the S&P May 16, 2012 US stocks closed lower in a choppy session yesterday, with the S&P 500 logging its fourth straight decline as investors worried about Greece’s future as a member of the Eurozone. Early US gains were erased after the European Central Bank said it had stopped providing liquidity to some Greek banks that had not been recapitalised. [...]
Potential interim managers face a necessary dilemma May 16, 2012 ACCORDING to the Interim Management Association (IMA), the UK has the most established interim management sector in the world, worth £1.5bn per year. Established and growing – business generated by interims affiliated to the IMA increased by 93 per cent in the last five years, to £196m. Interim managers are executives with superb records of [...]
Miners help extend FTSE 100 losses as Greek talks fail May 15, 2012 BRITAIN’S top shares extended losses yesterday, led by the mining sector as the cloud looming over the Eurozone darkened after Greek politicians failed to form a government, denting sentiment and the outlook for global growth. London’s blue chip index fell 0.5 per cent to 5,437.62, adding to the previous session’s two per cent drop, with [...]
Wall St suffers third straight drop after late slide May 15, 2012 US stocks fell for the eighth day in the past 10 yesterday as uncertainty stemming from the political stalemate in Greece gave investors another reason to be cautious and sellers came out in force late in the session. The S&P 500 fell for the third straight session as attempts to form a government in Greece [...]
Join Morning Wire next week for our special trading event May 15, 2012 IN EUROPE, as well as globally, retail and institutional investors have been steadily embracing the use of exchange-traded funds (ETF). The move to ETFs is being driven by several factors: 1) ETFs offer a toolbox: providing diversified, liquid, transparent and cost-efficient benchmark exposures in a fund structure to a wide array of asset classes and [...]
MEET THE PANEL: LISTED PRODUCTS MASTERCLASS 11.30AM – 12.20AM, 24 MAY May 15, 2012 There has been huge interest in exchange-traded funds (ETF), covered warrants and other listed products over the past few years. Retail investors now have more freedom to trade commodities such as gold, silver and oil as well as indices such as the FTSE and Dow. Our panel will debate the merits of this exciting new [...]
With chief executives toppling – the shareholder is king this spring May 15, 2012 IT’S been four years since the darkest days of the global financial crisis, but its reverberations continue. From all sorts of different stakeholders, numerous reports and reviews have been launched to look into the causes of the crisis and there have been plenty of recommendations for reform to prevent lightning from striking twice. Up until [...]