Progress on debt crisis lifts stocks September 27, 2011 US stocks rose for a third day yesterday on efforts by Eurozone officials to solidify the region’s rescue fund and alleviate a sovereign debt crisis, boosting optimism. But equities ended off their highs for the day after a report suggested cracks were emerging in a previously agreed deal to tackle the crisis. A successful solution [...]
Building the Olympic family: Adecco has its whole team at work on 2012 September 27, 2011 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 303 DAYS TO GO Steve Girdler lays out the business case for becoming the official recruiter for London’s organising committee Q.WHAT WAS YOUR BRAND’S PRIMARY REASON FOR BEING INVOLVED WITH THE GAMES? A.We’ve been involved in a number of Games in the past. In this one we’ve taken [...]
Strong dollar should be seen as a warning September 27, 2011 THOUGH yesterday saw a broad market rally, it was a tiny chink of light in an otherwise dark tunnel for the economy. The ongoing Eurozone debt crisis and the seeming inability of anybody involved to take hold of the situation with a credible plan for managing the fallout of an inevitable Greek default has driven [...]
POUND COULD SUFFER FROM EU FALLOUT September 27, 2011 RECENTLY the focus in the FX market has been squarely upon the euro, while trading in cable has been uncharacteristically quiet. While the euro has tumbled as European officials desperately try to contain the growing credit crisis in the region, sterling has remained relatively steady. Amazingly enough the pound has become a safe haven play, [...]
THE TIPSTER September 27, 2011 ONE of the FX pairs hit the hardest from dollar strength and the commodities sell-off over the past week has been the Australian dollar-dollar pair. The Aussie tumbled over 6.5 per cent to lows of $0.9623 last week, but since then has recovered steadily as the US dollar rally takes a breather. It may struggle [...]
FOREX ANALYST PICKS September 27, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short euro-dollar $1.3400 and sterling-dollar below $1.5300 Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week This past week the markets delivered a major shock to risk trends. The opportunities this development produced were substantial. In this move, my Aussie-yen and Loonie-yen [...]
Shift in hedge fund management to Asia Pacific gains more pace September 26, 2011 AROUND three-quarters of assets under the management of Asia-focused hedge funds are managed by fund managers based in the region, up from about 60 per cent three years ago, according to a survey by industry tracker AsiaHedge released yesterday. The growth is a big leap from the year 2000, in the early years of the [...]
Banks rally on hope of action to fix the Eurozone debt crisis September 26, 2011 AFTER a tumultuous session, strong financials hauled Britain’s top shares into positive territory yesterday as investors, spurred by hopes for decisive action to deal with the Eurozone debt crisis, sought out bargains in the beaten-down sector. The UK benchmark ended up 22.56 points, or 0.5 per cent, at 5,089.37, having vacillated sharply between positive and [...]
Plans for Greece lift US sentiment September 26, 2011 US stocks rose yesterday as sentiment swung toward hope European officials would find a way to cut Greece’s debt and shore up European banks. Shares rallied to session highs in the afternoon after a report said a plan to leverage money from the European Financial Stability Facility was in the works. Investors were reluctant to [...]
Prophets and loss: why forecasts fail September 26, 2011 “IN 1984, the Economist asked sixteen people to make ten-year forecasts of economic growth rates, exchange rates, oil prices, and other staples of economic prognostication. Four of the test subjects were former finance ministers, four were chairmen of multinational companies, four were economics students at Oxford University, and four were London dustmen. A decade later, [...]
