TURNAROUND IN GREENBACK SOME WAY OFF November 8, 2009 JANE FOLEYRESEARCH DIRECTOR, FOREX.COMTHERE has been a lot written in the last few days about the potential for a period of consolidation in the prices of many asset classes over the next three months. The earnings performance of many US companies in the third quarter didn’t quite meet forecasts, while consumers remain under pressure from [...]
Share index up as Bank of England keeps rates at a low November 5, 2009 BRITAIN’S top share index closed 0.4 per cent up yesterday, with energy stocks lifted by optimism on the economic outlook as central banks kept rates steady and US data surprised on the upside. The Bank of England kept rates steady at a record low of 0.5 per cent and said it would expand its quantitative [...]
Stocks jump based on economic data November 5, 2009 US stocks jumped yesterday, pushing the S&P 500 up for a fourth day, as economic data boosted confidence in the recovery and strong results from Cisco Systems suggested a rebound in technology spending. The market’s advance was broad-based, and the Dow ended above 10,000 for the first time in two weeks. Shares of Cisco, which [...]
THE LONDON REPORT November 4, 2009 LONDON’S leading shares ended 1.4 per cent higher yesterday, boosted by a rebound from miners and banks, with retailers Next and Marks & Spencer also higher after posting forecast-beating figures. At the close, the FTSE 100 was up 70.68 points at 5,107.89, recouping all of Tuesday’s losses when the index fell 1.3 per cent to [...]
THE NEW YORK REPORT November 4, 2009 US stocks mostly eked out a gain yesterday, pulling back from the day’s rally after the Federal Reserve reiterated its intent to keep rates low, but gave investors few new reasons to boost holdings. Stocks pushed higher in the hour following the FOMC statement, after the Fed kept its benchmark federal funds rate unchanged in [...]
Inverse ETFs are proving to be the ideal tool for bearish day traders November 4, 2009 EARLIER this week, Deutsche Bank launched the first European-listed exchange-traded fund (ETF) that tracks the inverse daily performance of an Asian stock market – Hong Kong’s Hang Seng. The investment bank’s ETF division, DB X-trackers, also announced that it has launched four new European sector ETFs on short daily indices, bringing the number of the [...]
INVESTORS FLOOD BACK TO PROPERTY November 4, 2009 NIZAM HAMIDHEAD OF SALES STRATEGY, iSHARES EUROPE REAL estate has suffered badly during the financial crisis and the very thought of sub-prime was enough to turn even the steeliest investors away from investing in property. But real estate is now a steadier environment and its attractiveness has been helped by its low correlations to other [...]
Why we need to go global with ethics November 4, 2009 ETHICS is one of the buzz-words in the City at the moment, with all sorts of companies trying to convince customers, investors and policymakers that they have changed the way they do business. But the issue has been at the forefront of accountants’ minds ever since another E-word loomed into sight: Enron. When the American [...]
ROCKY TIMES ARE AHEAD FOR UK PLC November 4, 2009 PETER COOPERLONDON HEAD, BAKER TILLY RESTRUCTURING & RECOVERY LLP NEWS of the UK’s economic contraction for a sixth consecutive quarter startled economists and captains of industry. We believe that administrations could rise once again in the immediate future. One reason is that the number of companies suffering late payment from customers has more than doubled [...]