UK shares have year’s biggest one day rise on hopes of US fiscal plan November 19, 2012 UK shares matched their biggest one day rise of the year yesterday, recovering some of last week’s steep falls, as optimism that US lawmakers will forge a fiscal compromise encouraged traders to buy at the lower prices. The FTSE 100 index was up 132.07 points, or 2.4 per cent, at 5,767.66 by the close. Leading [...]
Wall St up on housing and high earnings November 19, 2012 US stocks bounced higher for a second consecutive session yesterday as investors were encouraged by the early atmosphere surrounding talks to tackle the nation’s fiscal crunch. The Dow Jones industrial average gained 207.65 points, or 1.65 per cent, at 12,795.96. The Standard & Poor’s 500 Index was up 27.01 points, or 1.99 per cent, at [...]
Potential problems in the oil pipeline remain November 19, 2012 NOT long ago, the peak oil consensus painted a picture of a future of uncontrollably spiking oil prices. The rapid rise of developing market demand would lead to a squeeze on oil markets and surging oil prices. But as oil and gas producers can attest, many of these forecasts have come to nothing – a [...]
How to manage your risk by using a pairs strategy November 19, 2012 MARKETS are fraught with uncertainty: the fiscal cliff, conflict in the Middle East, the Eurozone crisis, and slowing growth in China are just some of the problems that could potentially derail equity markets. Therefore, traders must use risk management techniques to mitigate their risk exposure. But if investors suddenly sought safety by moving their money [...]
The Tipster | Taking candy from a baby November 19, 2012 TRADING shares in Mothercare has been child’s play over the last 12 months, as they have surged over 120 per cent. Chief executive Simon Calver, who was appointed in April, has implemented a successful turnaround strategy, appeasing the concerns of worried investors. The retailer delivers its interim statement on Thursday, and traders will want to [...]
Seasonal bonus for shrewd traders November 19, 2012 CHRISTMAS is close and there is a lot of Bah Humbug in the air. The FTSE 100 index is 5 per cent off its recent highs. The governor of the Bank of England Sir Mervyn King said that the economy may contract again. As inflation squeezes real wages, and public spending faces more cuts, it [...]
Analyst picks for 20 November 2012 November 19, 2012 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Long dollar-yen, short Aussie-New Zealand dollar. Expertise: Fundamental and technical analysis. Average time frame of trades: 1 day to 1 week. Last week’s trades (short Aussie-dollar, long sterling-yen, long dollar-yen) worked well. However, heavy fundamentals and the Thanksgiving holiday make for confusing times ahead. To curb risk, I will [...]
Compliance has emerged as a growth industry in the UK November 19, 2012 RECENT scandals in the banking sector have led to some discernible changes. Firms have come under the regulatory microscope, resulting in large fines and reputational damage. More regulation and increased investor pressure to ensure adherence to these new rules has led to enhanced emphasis on the role and responsibilities of the compliance team. And now [...]
Bank minutes to show appetite for QE as public borrowing is revealed November 18, 2012 MINUTES from the Bank of England’s November monetary policy committee (MPC) meeting will this week give further clues about the appetite for further quantitative easing (QE) and the extent to which the recent rise in inflation has affected the committee’s decision making. The release is due out on Wednesday, along with public sector net borrowing [...]
