US stocks drop on pessimism over EU talks June 25, 2012 US stocks fell sharply yesterday, putting the S&P 500 near break-even for June so far, as investors saw little reason to be optimistic about a European Union summit this week. Markets remain sensitive to European headlines as the region’s spiraling debt crisis could wreak further havoc on a slowing global economy. Financial and energy stocks [...]
The gold market only has eyes for Bernanke June 25, 2012 GOLD traders have been accustomed to being swept off their feet with big, bold moves from the yellow metal. But they have been left bemoaning the lack of thrills of late, as gold continues to struggle to break to the upside. Yesterday, the gold price held above $1,570 – but this is a long way [...]
The cup may overflow at Greene King June 25, 2012 INVESTORS will be hoping that final results from Greene King will allow them to raise a glass in celebration, with the company building on good figures for the fourth quarter. Sales at this particular publican have outstripped rivals, which could mean that some special figures are brewing. IG Index quotes 529p-532p for Greene King. The [...]
LOWER OIL PRICES LIKELY TO REMAIN AS GROWTH SLOWS June 25, 2012 SENIOR MARKET STRATEGIST, GFT LAST week, Brent crude oil traded below $88.50 – a level last seen in November 2010. Back then, crude was in the early stages of a rally which would take it above $126 four months later. The rally was driven, to a great extent, by the US Federal Reserve’s second round [...]
Pace your way to trading profits June 25, 2012 WHEN it comes to your daily trading, how often should you be dipping into the markets? The temptation is often there, especially in volatile markets, to jump on any and every move that comes along. The common pitfall is to think that more trades mean more opportunities to profit, and that you don’t want to [...]
Analyst picks for 26 June 2012 June 25, 2012 CURRENCY STRATEGIST JOEL KRUGER My pick: Long dollar-yen at ¥79.80 Expertise: Technical analysis Average time frame of trades: 6 months Our recommendation for last week was triggered, and we are now long on dollar-yen after the market broke convincingly back above ¥79.80. We continue to contend that this market is in the process of carving [...]
LONDON REPORT June 24, 2012 UK GDP and a two-day EU summit aimed at containing the Eurozone debt crisis will dominate economic news, while investors await trading reports from Debenhams and Carpetright. The Office for National Statistics is expected to confirm that Britain is in a double-dip recession when it publishes its third estimate of GDP in the first quarter. [...]
WALL ST THE WEEK AHEAD June 24, 2012 WALL Street navigated some potent obstacles last week – Greece’s elections and the Federal Reserve’s slashing its US economic growth forecasts – but the drama is not over. Investors say big gains will be hard to come by amid signs of slowing growth . The S&P 500 posted its second-biggest daily decline of the year [...]
Kicking live music up a number of notches June 24, 2012 WHEN Facebook’s Mark Zuckerberg pitched up to his IPO in a hoodie, some criticised him. However, to get to that stage he had already convinced plenty of private investors that he was worthy of their cash. Clearly the hoodie hadn’t bothered them. In under a minute into my meeting with Ian Hogarth, co-founder of Songkick [...]
Personality is essential for success in both business and life June 24, 2012 WHAT’S a successful personality? I am one of 11 children born in the outback of Australia. My father was an itinerant farm labourer, so sometimes we were given accommodation and sometimes we stayed in a big tent. Strong as an ox, “Dad” was a good worker but also liked a drink. He was violent towards [...]
