FTSE closes up as banks and commodity shares rebound June 27, 2011 BRITAIN’S leading share index ended higher yesterday, supported by a rally from commodity issues and banks as investors awaited news about Greece’s debt crisis, expected over the next few days. Greece’s parliament began to debate measures to increase taxes and cut fiscal spending, approval for which is needed for the European Union and International Monetary [...]
US stock rise may only be short-lived June 27, 2011 US stocks rose from three days of losses yesterday, led by banks after news of more favourable capital requirements and optimism over Greece’s austerity plan, but investors cautioned against high hopes. Yesterday’s gains were a welcome sign but investors were cautious about reading too much into them. The S&P 500 has fallen as much as [...]
Europe’s debt disease threatens contagion June 27, 2011 THE Eurozone’s banks look perilously weak. Regulatory uncertainty and the Greek debt disaster present a bleak outlook. While the UK’s banks are much stronger, with less direct exposure to Greece, they too would be affected by a larger Eurozone implosion. Yet even if things go bad, there are opportunities for traders in Contracts for Difference [...]
OIL SLIPS, BUT OPEC MAY YET STOP ITS SKID June 27, 2011 JUST one week ago, equities rallied in anticipation of the Greek Prime Minister George Papandreou winning a confidence vote over his cabinet reshuffle. That was the story, anyway. In reality, equities were oversold after six consecutive losing weeks and the S&P was testing support at its 200-day moving average. Add in a dollar sell-off and [...]
THE TIPSTER June 27, 2011 THOMAS Cook has had a terrible run this year, losing about 38 per cent of its value, to hit lows not seen since November 2008. The Middle Eastern situation, the weak pound, high fuel costs and lack of foreign holiday buying are all to blame. The shares look a brave bet to be buying right [...]
Fields of gold: How to harvest profits from market intervention June 27, 2011 GOLD has been in the headlines since the start of the year. With the Federal Reserve’s second round of quantitative easing (QE2) in place, gold has acted as the de-facto haven currency. Though attention has been on the seemingly inexorable rise of the yellow metal, commodities have been influenced or even manipulated by the authorities, [...]
Do you have any trading quandaries? Submit your questions to our expert June 27, 2011 Over the next few weeks we will be submitting your questions to a guest trader. Want to know how much to wager on each trade? Would you like advice on how frequently to take a position? How wide should you set your stops in a volatile market? Whatever your trading quandary, submit them to the [...]
Bank stocks pressured by new capital requirements June 26, 2011 BANKING stocks could be under pressure this morning, following news over the weekend from Basel that additional capital requirements of up to 2.5 per cent were agreed to be imposed on those financial institutions deemed too big too fail – or, to use the technical term, Global Systemically Important Banks (GSIBs). GFT quotes two-way prices [...]
WALL STREET WEEK AHEAD June 26, 2011 A BOUNCE could be the cards for US stocks this week as bulls defend a key technical level and managers buy the quarter’s winners to prop up their books. But gains coming from healthcare, staples or other defensive sectors that have outperformed the market in the last several months would only support the notion that [...]
Warring Greek factions may finally destroy the country June 26, 2011 TOMORROW’S vote on the Greek austerity measures could be the do or die moment for any semblance of Greek economic survival. The Greek parliament will vote on measures to push through more public spending cuts, an increase in taxes and a sale of assets. Greece’s creditors are seeking reassurance that Greece is taking serious measures [...]
