JOBLESS DATA TO INDICATE US PROSPECTS April 20, 2010 BORIS SCHLOSSBERG DIRECTOR OF CURRENCY RESEARCH, GFT LAST Friday’s surprise announcement by the SEC that it will be pursuing fraud charges against Goldman Sachs rocked capital markets across the world. With news that other European governments are now considering litigation, the Goldman Sachs saga could drag on for weeks and cast a negative pall on [...]
THE TIPSTER April 20, 2010 ASIAN currencies continue to attract investors. With risk appetite picking up, the appeal of high-yielding currencies has increased. Earlier this week the central bank of India raised its benchmark interest rate for the second time in a month. The technical outlook for sterling-Indian rupee is weak. The next target on the downside is the 2009 [...]
Tech stocks the apple of every trader’s eye April 19, 2010 AS THE recovery gathers momentum, business spending on technology is creeping back. In the leaner, greener post-recession world, enhancing productivity through more efficient technology is one way that firms are able to keep costs down. Now that firms are more confident about their business prospects they can start to make investment decisions – analysts are [...]
MARKET RISE DERAILED BY GOLDMAN April 19, 2010 DAVID MORRISON CFD MARKET STRATEGIST, GFT LAST week saw the Dow Jones Industrial Average recapture 11,000 while the S&P 500 broke back above 1,200. These are levels last seen back in September 2008. At the beginning of last week, the major US stock indices were heading higher and both the Dow and S&P were within [...]
Supermarket boom will continue April 19, 2010 WHILE retailers on the high-street have been struggling with adverse weather conditions and consumers cutting back on spending during a downturn, their supermarket counterparts have been going from strength to strength. Giant grocer Tesco has seen its share price rise 10 per cent over the past six months and today’s full-year results are expected to [...]
Concerns over Goldman Sachs weigh on the FTSE 100 as mining shares fall April 19, 2010 UNCERTAINTY over the fallout from fraud charges against Goldman Sachs and the grounding of flights across Europe depressed London blue chips yesterday, led by risk-sensitive banks and miners and travel firms. The FTSE 100 closed down 16.05 points, or 0.3 per cent, at 5,727.91, extending Friday’s 1.4 per cent fall. Banks were rattled as investors [...]
Stocks rise as profit hopes outweigh banking jitters April 19, 2010 US STOCKS rose yesterday as investors reassessed the potential damage of the fraud case against Goldman Sachs and earnings optimism grew. Shares of Goldman Sachs, which is expected to report substantial earnings today, reversed course to rise 1.6 per cent to $163.32. Investors said the furore over Goldman started to die down during trading, allowing [...]
Goldman Sachs shares sell-off was overdone April 18, 2010 UK AND EUROPEAN stock markets are expected to recover some of Friday’s Goldman Sachs-inspired losses on the open this morning. Whilst the markets are still digesting the implications of the SEC fraud charges, our call is that Friday’s knee-jerk sell-off was overdone – exagerrated by profit-taking following a winning streak for the Dow of six [...]
TV firms and ad agencies bounce back April 18, 2010 ALL it took was a bullish note from Goldman Sachs analysts and the European media sector went into a buying frenzy at the end of last week. ITV saw its share price rise to the highest level in two years while advertising giant WPP gained almost 4 per cent last week, taking its stock to [...]
The Tipster April 18, 2010 INVESTMENT company the Alliance Trust has been a solid performer in the FTSE 100 over the past 12 months, gaining 31 per cent in value, which should please most shareholders when its final results are announced today. It is currently trading at the upper resistance of an 18-month-old bull channel, so any pullback to the [...]