FTSE slumps as Greek default fears spark a flight from risk September 19, 2011 BRITAIN’S leading shares erased much of last week’s gain after concern Greece will baulk at the austerity cuts needed to secure fresh bailout cash, and instead nosedive into a disorderly default, prompted a flight from risk. Banks were among the worst-hit sectors yesterday as international lenders ratcheted up the pressure on Athens, saying it must [...]
Mooted deal gives late lift to stocks September 19, 2011 US stocks fell yesterday but staged a late comeback after fears of a looming Greek debt default diminished on news of a possible deal to advance new bailout funds to Greece. Stocks spent most of the session sharply lower after European leaders disappointed investors by failing to come up with any new solutions to the [...]
The entwined fortunes of Greece and EU banks September 19, 2011 AS European banking shares continue to take a knock, it is clear that the fortunes of many of Europe’s major banks are inextricably linked with the fortunes of the Eurozone. Should a Eurozone country default on its debt obligations, it is likely that it will take a number of banks down with it – namely [...]
RALLIES TURN TO DECLINES AHEAD OF FED September 19, 2011 GLOBAL equity markets rallied sharply last week. The initial catalyst came from rumours that China stood ready to purchase Italian debt. Then stocks shrugged off worries about the credit-worthiness of the largest French banks, after German Chancellor Merkel and French President Sarkozy insisted that Greece will remain a member of the Eurozone. Greek Prime Minister [...]
Gold traders need to tread with caution September 19, 2011 EUROPE’S central banks are back on the yellow metal, after two decades of shunning the barbarous relic. They are late to the table – traders have been making money going long on gold for years. There are still profits to be made, but in volatile markets timing is everything. Leveraged traders will have to act [...]
THE TIPSTER September 19, 2011 ON the daily chart, Xstrata looks to be forming a bear flag which could be a signal for the next move lower. However, the bulls have done well to keep the stock supported around the £10 level as recently any dip below here has led to a bout of buying pushing it higher. Capital Spreads [...]
Stocks to rise on Fed expectations September 18, 2011 AN apparent uptick in confidence over Europe’s future is set to take stock markets higher this morning, underscored by Wall Street closing up on Friday for a fifth successive day, combined with hopes of further impending action from the Federal Reserve later this week. GFT quotes two-way prices on stock indices around the clock, even [...]
WALL STREET WEEK AHEAD September 18, 2011 WALL Street hopes for more Fed action and clear signs European leaders will follow through on their new urgency to tackle the Eurozone debt crisis if US stocks are to build on their best week since early July. Investors expect the Federal Reserve to take steps to pull down long-term interest rates when policymakers meet [...]
The dragon who came from the Aussie Outback September 18, 2011 RICHARD Farleigh is probably best known for his appearances on BBC’s Dragons’ Den. He should, however, be known for being a foster care kid who went on to be one of the world’s richest hedge fund managers in the 1990s, and then a successful entrepreneurial investor with brands like Net-a-Porter and Reggae Reggae Sauce to [...]
Diverging EU equities and bonds September 18, 2011 DESPITE the torrent of bad news that has hit the Eurozone, the equity markets keep bouncing back. With every platitudinous comment from a Eurozone minister that “everything is going to be ok” and that they have everything under control, the markets have rallied. At first glance, the rally in the STOXX 600 is particularly surprising [...]
