Banks headed higher as governments back BP June 27, 2010 EUROPEAN markets are set to jump higher on the open this morning, with bank stocks most likely to rally following on from the agreement in the US over the details of the financial reform bill which was hammered out last week, and which appears to be less strict than many in the sector had feared. [...]
FTSE sinks to lowest level in a month as Fed’s statement makes investors nervous June 24, 2010 BRITAIN’S FTSE 100 share index fell yesterday as fears over the sustainability of a global recovery hit commodity-linked stocks and banks as risk appetite waned. The FTSE 100 closed down 78.29 points, or 1.5 per cent at 5,100.23 points, its lowest closing level in almost a month after shedding 1.3 per cent on Wednesday. A [...]
Fears over strict financial reform weigh on Wall St June 24, 2010 THE S&P 500 fell for the fourth straight day yesterday as fresh signs of consumer weakness and worries about stringent financial regulation provoked investors to unload positions. The S&P 500 has lost 3.8 per cent in four days, with retailers among the biggest decliners. Banks were pressured by fears Congress would pass stringent rules in [...]
Time to rejig your finances June 24, 2010 HE had promised us a tough Budget and on Tuesday, chancellor George Osborne gave us one – most households will be worse off as a result of the measures announced. But it’s not like we weren’t warned – ever since the coalition government gained power last month, it has been austerity, austerity, austerity. It should [...]
Manage your risk when trading the markets June 24, 2010 For many years, trading the financial markets and spread betting in particular, was felt to be the reserve of City professionals. But advances in technology over the last decade or so and an increased awareness of the impact that the gyrations of financial markets can have on our everyday lives have meant that financial trading [...]
PERSONAL FINANCE NEWS June 24, 2010 PAY BY CARD TO GAIN REWARDS Savvy shoppers could earn substantial rewards by whacking all their day-to-day spending on the plastic. Based on an average household spend of £386.30 per week on a reward credit card, and by paying off the balance in full each month, Confused.com research shows after just one year, some of [...]
To be young, gifted and green June 24, 2010 He’s just about to set up his fourth environmental fund and he’s not yet 30, but Ben Goldsmith has emerged as a leading force in environmental investing since he set up the UK’s first clean technology venture capital fund in 2004. This is all through Wheb (soon to be Wheb Partners). There are now two [...]
Q&A CURRENCY June 24, 2010 Q. How serious a problem are currency movements for my business? A.Currency fluctuations are obviously only a problem for British businesses that buy or sell in currencies other than sterling. But for those companies, it can make the difference between making a profit or a loss. The euro, for example, has fallen nearly 10 per [...]
Two-week low for the FTSE as metals and miners tumble June 23, 2010 BRITAIN’S top share index hit a near two-week closing low yesterday as retreating metals prices and downbeat broker sentiment pressured mining stocks and with investors’ moods darkened by weak US homes sales data. The FTSE 100 index closed down 68.46 points, or 1.3 per cent, at 5,178.52, its lowest close since 11 June, having lost [...]
Fed spooks stocks with grim outlook June 23, 2010 US stocks mostly fell in a volatile session yesterday after the Federal Reserve downgraded its assessment of the economic recovery as it vowed to keep cheap money flowing. The market bounced between positive and negative territory as investors wrestled over the implications of the Fed’s statement in the afternoon on the economy and interest rates. [...]