Eurostar brings culture and sport together to support London 2012 May 22, 2012 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 65 DAYS TO GO Eurostar’s chief exec says why it is 2012’s international rail services provider Q What was your brand’s primary reason for being involved with the Games? A For us the partnership felt natural, partly because of the geography: we come into St Pancras, which will [...]
Calling all traders: One day to go May 22, 2012 David Jones is the chief market strategist of IG Index and he will be delivering a masterclass at Active Trader on financial spread betting and contracts for difference. TRADING COMMENT DAVID JONES FOR many years, trading financial markets in general, and spread betting in particular, was felt to be the reserve of City professionals. But [...]
FTSE up after week-long dip May 21, 2012 BRITAIN’S top share index halted a week-long slide yesterday, as investors stumped up the courage to buy in on the dips of badly beaten equities, although the murky outlook for global growth kept gains to a minimum. London’s blue chip index closed 36.86 points higher, or up 0.7 per cent at 5,304.48, having fallen 5.5 [...]
US stocks lift on Greek talks May 21, 2012 US stocks rose more than 1 per cent yesterday, with the S&P 500 snapping a six-day losing streak in a rebound from equities’ biggest weekly drop in almost six months, but Facebook slumped in its second session after a disappointing debut. Sentiment improved after G8 leaders gave verbal backing for Greece to stay in the [...]
Going back to school to boost trading grades May 21, 2012 FOR those who wish to get a more robust foundation to their trading, there is no lack of offerings out there, no matter your experience. But where to start? Do you want the freedom of being able to study online or would you rather be face to face and gain hands-on trading experience. How much [...]
CHINA MAY NOT SAVE THE WORLD AGAIN AS MACRO DATA CONTINUES TO FADE May 21, 2012 SUNDAY night, as currency markets were preparing for yet another desultory opening of the week’s trade, marked by yet more stress in the Eurozone and a seemingly perfunctory statement from the G8 which was long on platitudes and short on any concrete policy measures, risk currencies did something unexpected – they rallied. Despite the gloom [...]
THE TIPSTER | ASOS hoping for a change of look May 21, 2012 ASOS took something of a beating when it released its trading statement last month, dropping 17 per cent. The hitherto-relentless growth in sales was revealed to have slowed somewhat, even though international sales continued to show excellent growth. ASOS has become a slave to its own excellent performance, and it will need a strong showing [...]
Markets defriend Facebook again May 21, 2012 AT the depths of its slump, Facebook yesterday fell by as much as 20 per cent from the highest print since Friday’s IPO. And it was not just Facebook that took a hit. Having first set their sights on the social network, markets then turned their ire on the rest of the publicly-listed Internet 2.0 [...]
Analyst picks for 21 May 2012 May 21, 2012 CURRENCY STRATEGIST JOEL KRUGER My pick: Looking to buy dollar-yen Expertise: Technical analysis Average time frame of trades: 1 day to 1 week This is a market in the process of carving a significant longer-term bottom, after posting record lows in 2011 by ¥75.50. As such, the latest pullback from yearly highs by ¥84.20 is [...]
Two days to go: Buy your tickets to City PM’s trading conference May 21, 2012 Q What is your trading background? A I studied economics and maths at university, and then worked in the research department of Australia’s Central Bank. I moved into investment banking, initially running a derivatives desk. I learned about macro-trading and headed a proprietary trading operation. In the mid-1990s, I ran a hedge fund in Bermuda [...]
