Re-election joy eclipsed by worries over Eurozone and US economies November 7, 2012 UK stocks fell sharply yesterday after bleak forecasts for the Eurozone economy and fiscal problems in the United States eclipsed initial relief over US President Barack Obama’s re-election. In morning trade the FTSE 100 had hit a level not seen for nearly two months as the Obama win fuelled hopes the US Federal Reserve would [...]
Wall st plunges on fears over US economy November 7, 2012 THE Dow industrials lost more than 300 points in a sell-off yesterday that drove all major US stock indexes down over two per cent in the wake of the presidential election as the looming “fiscal cliff” debate and Europe’s economic troubles returned to the forefront. The Standard & Poor’s 500 Index posted its biggest daily [...]
Going back to the exam room can boost a career November 7, 2012 THE investment management certificate (IMC) is both a foundation for those with future plans for the chartered financial analyst (CFA) programme, and a qualification that demonstrates regulatory competence. Run by the CFA Society of the UK, roughly 6,000 students sit the exam each year, and it’s appropriate for anyone entering an investment-related role, be it [...]
FTSE 100 lifted by strong results from Marks & Spencer and G4S November 6, 2012 BRITAIN’S blue-chip stock index rose yesterday, buoyed by some encouraging earnings reports in light trade ahead of what is expected to be a close US presidential election result. The FTSE 100 was up 45.84 points, or 0.8 per cent, at 5,884.90 by the close, remaining within the tight 200-point range it has held since September. [...]
US stocks lifted by promise of vote outcome November 6, 2012 US stocks climbed yesterday, the last day of trading before the US election results came to a close, as investors looked forward to a resolution to the drawn-out race for the White House. The rally defied a string of weaker-than expected results from US companies and was attributed in part to expectations that a victor [...]
Learning from models behaving badly November 6, 2012 FOREIGN exchange is the world’s largest and most liquid market. Some estimates put the average daily turnover at $4 trillion (£2.5 trillion). Currency is traded over the counter rather than on an exchange, meaning that the machines do not have to be turned on to get a counter-party to your trade. It is traded 24 [...]
US budgetary stalemate could have a negative impact on the price of gold November 6, 2012 AS A historically close US election comes to an end, the outcome may still be uncertain. But more certain is the less ambiguous outcome of a potential Mitt Romney victory – a negative impact on gold and other metals, due to his intention not to re-appoint Federal Reserve chairman Ben Bernanke when his term expires [...]
FTSE falls on uncertainty over US election and fall in price of copper November 5, 2012 BRITISH blue-chip firms fell yesterday as investors eased back on risky plays ahead of US elections, with miners among the top fallers as they continued to suffer from the low price of copper. At the close, the FTSE 100 was down 29.490 points, or 0.5 per cent, at 5,839.06, in thin trading volumes of 70 [...]
US shares rise in light trade as vote looms November 5, 2012 US stocks advanced modestly yesterday in light trading in one of the year’s quietest sessions on the day before the US presidential election. Whatever the outcome of the race between incumbent President Barack Obama and Republican challenger Mitt Romney, the election’s resolution will finally end the uncertainty that has kept the market stagnant for the [...]
New leaders may help China to boost growth November 5, 2012 THREE ghosts have haunted the global economy in 2012: the Eurozone crisis; the looming US fiscal cliff; and decelerating growth in China’s economy. But as worries over China lessen, traders will be relieved that one of these ghosts may soon be exorcised. After the speed of GDP growth began to decline towards the end of [...]
