FTSE closes above 5,800 mark after good US data boosts world outlook May 1, 2012 B RITAIN’S top share index jumped more than one per cent yesterday after stronger-than-expected US manufacturing data gave a lift to global growth hopes, pulling commodity stocks higher. Banks were also in demand as investor risk appetite returned. Shares of Lloyds rallied more than eight per cent after the part state-owned lender reported a £288m [...]
Dow ends at highest level in four years May 1, 2012 THE Dow closed at its highest level in more than four years yesterday after US manufacturing expanded at a faster pace than expected in April, easing jitters about a slowdown in the economic recovery. The Dow Jones industrial average gained 65.69 points, or 0.50 per cent, to 13,279.32 at the close. The Standard & Poor’s [...]
Time to buy your tickets for our trading extravaganza May 1, 2012 CURRENCY trading is as popular as ever, but does it have a place as part of a portfolio of stocks, bonds, and other asset classes? In order to answer it we need to look at a range of factors and cross-market correlations to see where it might fit in with a well-diversified investment programme. We [...]
John Hardy who will be speaking at our trading event considers the dollar’s fortunes May 1, 2012 WE’VE got a pair of important event risks for the US dollar for the rest of this week, including the April ISM non-manufacturing survey on Thursday and the always hotly anticipated US employment report on Friday. These event risks will be critical for testing whether the dollar is set to fall further across the board [...]
MASTERS OF FOREX 4.40PM – 5.30PM, 24 MAY May 1, 2012 BORIS SCHLOSSBERG GFT Boris is director of currency research at GFT. He is a weekly contributor to CNBC’s Squawk Box. His daily currency research – available at www.fx360.com – is widely quoted by newswires and newspapers worldwide. Schlossberg is co-author of the bestselling Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own [...]
Slowdown in US economy weighs on S&P April 30, 2012 U S STOCKS dipped yesterday, dragging the S&P 500 into its first monthly decline since November on signs the US economy may be slowing and as a recession in Spain highlighted risks in the Eurozone. The Dow Jones industrial average dropped 0.11 per cent to 13,213.63. The S&P 500 Index fell 0.39 per cent to [...]
FTSE dips in April as euro debts sap confidence April 30, 2012 BRITAIN’S top share index snapped a four-session winning streak yesterday and ended lower for the month of April, with Man Group and SSE falling on earnings worries as Europe’s debt crisis rumbles on. The FTSE closed off 39.33 points, or 0.7 per cent lower at 5,737.78, and ended April down 0.5 per cent as concerns [...]
Helicopter Ben remains unafraid to press print April 30, 2012 THE question of whether we will see another round of quantitative easing (QE) from the US is one that is constantly being asked, especially after bad data, such as yesterday’s surprising ISM-Chicago manufacturing figures for April – showing the weakest growth rate in 29 months. Another massive pump of cheap cash into the US economy [...]
THE TIPSTER April 30, 2012 Rolls Royce has steadily gained ground since 2009, even in an era of reduced defence expenditure. Its shares had a quiet 2011 until October, when they began making impressive progress, up almost 40 per cent to date. Increasing orders make its shares a more compelling possibility, even if they reside near all-time highs. IG Index [...]
