Dodd-Frank offers whistleblowing incentives August 24, 2010 FAEGRE & BENSON LLP THE bell rings to open and close each day of Wall Street trading. But corporate ears now are on the listen for a different sound—the trill of whistles blown by employees bringing allegations of fraud to the SEC. The Dodd-Frank financial reform act introduces large monetary incentives for whistleblowers and shields [...]
Popular Euro brands are a gateway to the emerging world August 23, 2010 THE consumer staples sector is usually considered fairly robust. The types of goods it produces – alcohol, food and household products –?tend to be immune to fluctuations in earnings and during periods of economic uncertainty should continue to perform relatively well. But that was not the case during the second quarter. While 71 per cent [...]
EQUITIES NOT YET PRICING IN DEFLATION August 23, 2010 CFD MARKET STRATEGIST, GFT WHILE July was a good month for most stock indices, August has been pretty grim so far. An early rally faded as the S&P encountered significant resistance around 1,130. Equities have struggled to make headway ever since and low trading volumes have exacerbated intra-day market moves. Yet most indices are range-bound [...]
TRADING NEWS August 23, 2010 FXCM ENHANCES NO DEALING DESK EXECUTION This summer, FXCM has enhanced its no dealing desk execution service by adding a price improvement service. If a better price becomes available before a limit order is executed, then clients will automatically receive the best available price. Execution-only brokers are increasingly offering no dealing desk technology, which gives [...]
THE TIPSTER August 23, 2010 POLITICAL turmoil and the prospect of a hung parliament pushed the Australian dollar to its lowest level in more than a month against the greenback yesterday. Independent MPs have now become the kingmakers and the uncertainty as to whether they will lean more towards the Conservatives or Labour has weakened the Aussie dollar. Will the [...]
M&A activity saves FTSE from fourth day of losses but volumes remain thin August 23, 2010 BRITAIN’S leading share index ended a three-session losing run yesterday, helped by a spate of corporate takeover activity, though trading was thin. HSBC said it was in talks to buy up to 70 per cent in South Africa’s fourth-largest bank, Nedbank, in which insurer Old Mutual has a controlling stake. HSBC added 0.8 per cent [...]
US investors rush for safe havens as tech shares fall August 23, 2010 US stocks slipped in one of the lightest volume sessions of the year as investors took refuge in defensive shares after the latest corporate M&A failed to soothe concerns the recovery is stalling. Technology shares weighed on the broad market and sent the Nasdaq composite lower as a possible bidding war over data storage company [...]
Savvy traders should bet on a golden autumn August 22, 2010 THE old City adage of selling in May and not returning until St Leger’s Day in early September typically refers to the equity markets, which suffer from low volumes and choppy trading during the summer months. But the saying is equally applicable to the gold market, which also demonstrates a clear seasonality and experiences a [...]
More steam left in the bond rally August 22, 2010 IT’S A case of how low they can go for bond yields. After another week marked by disappointing jobs and manufacturing data in the US, investors ploughed into the relative safety of government debt, pushing yields to record lows. But is this an opportunity for spread betters? While it’s true that bonds have been in [...]
THE TIPSTER August 22, 2010 WITH increasing demand for commodities and as emerging market consumers develop a sweeter tooth, the appetite for sugar continues to rise. ETX Capital is quoting the October sugar contract at $19.95-$20.00. With the outlook still uncertain in Europe, the euro has been struggling to keep up with the dollar. It is likely that the euro [...]