Stormy season sparks natural gas bull move June 7, 2010 IT HAS been a difficult six weeks or so for the energy markets. Whether it was the oil spill in the Gulf of Mexico, continued concerns about growth in emerging markets or no end in sight to the Eurozone sovereign debt crisis, investors were shunning riskier assets such as oil in favour of safe havens [...]
CFD ANALYST PICKS June 7, 2010 TECHNICAL STRATEGIST JOEL KRUGER My pick: Buy the FTSE 100 at 4,900 Expertise: Technical analysis Average time frame of trades: 5-10 days Markets have come under intense selling pressure in recent weeks as investors fretted over the outlook for the global economy. The FTSE looks like it could retest recent lows of 4,900 in the [...]
FTSE slides over euro debt worries June 7, 2010 BRITAIN’S leading share index fell yesterday, with energy and mining stocks easing along with commodities on demand worries as downbeat US jobs data last week and euro debt concerns sapped investor confidence. The FTSE 100 ended down 56.94 points, or 1.1 per cent at 5,069.06, marginally off the session low of 5,040.26, having shed 1.6 [...]
Wall St falls to seven month low June 7, 2010 US STOCKS fell yesterday, taking the S&P 500 to its lowest close in seven months, as industrials and technology shares fell and investors stayed on their heels after last week’s payrolls figure discouraged buyers. The Nasdaq fared the worst as investors unloaded positions in the most liquid large-cap technology shares. Research in Motion fell 5.2 [...]
US-led losses likely to knock European markets June 6, 2010 THE Dow suffered from its third-worst sell-off of the year on Friday following a disappointing jobs report, and the losses extended after European markets closed. The blue chip US index even closed below the psychologically sensitive level of 10,000, and UK And European markets will feel the follow-on effects of that this morning. GFT is [...]
Smart traders will capitalise on this week’s FTSE reshuffle June 6, 2010 DURING the last month the top football teams in the Coca-Cola Championship have been vying for places in the Premier League. The lucky teams are Newcastle, West Bromwich Albion and Blackpool, replacing Portsmouth, Burnley and Hull City which have lingered at the bottom of football’s top flight. In the same spirit, the FTSE reshuffle is [...]
THE TIPSTER June 6, 2010 THE FTSE 100 index was vacillating around the 5,200 level at the end of last week, eventually closing at 5,126 on Friday. But this is still some 10 per cent below the blue-chip index’s 2010 highs. However, the German Dax 30 index is only 3 per cent off its highs for the year so the [...]
THE WORLD CUP TIPSTER June 6, 2010 WITH the summer’s biggest sporting event kicking off this Friday, football fans will surely be looking to spice it up with some spread bets. So, every Monday throughout the World Cup, City PM will be bringing you some top football tips. The start of the competition is usually a nervous stage for any side and [...]
SPREAD BET GURU June 6, 2010 MARKET STRATEGIST [email protected] Q. Dear Josh, what do last week’s US non-farm payrolls figures suggest for the country’s economic recovery? A. Last week’s non-farm payrolls were a blow to investors who had been hoping for the data to show that the US labour market recovery was gaining strength. Payrolls for May only pointed to growth [...]
FTSE 100 breaks out of a losing streak on hopes of strong American jobs data June 3, 2010 BRITAIN’S top shares snapped out of a three-session losing streak yesterday as hopes of strong jobs data from the US spurred sentiment, sending investors bargain hunting in commodity-linked stocks and banks. The FTSE 100 ended up 59.86 points, or 1.2 per cent, at 5,211.18, closing at a two-week high but falling back from an intra-day [...]
