Investors will hate consequences of a hung parliament November 29, 2009 POLLING DAY is still about six months away but already the battle lines are being drawn between the two main political parties. The general election will add another dimension of uncertainty to 2010, which is already shaping up to be a very volatile year for investors. The general election is a scheduled event so it [...]
THE TIPSTER DUBAI FEARS ARE BATTERING BRITISH BANKS November 29, 2009 THE shock announcement that Dubai World was unable to meet its debt obligations last week put intense pressure on stocks and currencies worldwide. Investors were concerned that British banks might have significant exposure to Dubai and the UK financial institutions got a battering. But with the uptrend of the latest bull run still intact, the [...]
ECONOMIC DIARY November 29, 2009 Monday 30 NovemberUK: November GfK Consumer Confidence (12am)November Hometrack Housing Survey (12am)CBI Service Sector Survey (12am)October Net Consumer Credit (9.30am)October Net Lending Secured on Dwellings (9.30am)October Mortgage Approvals (9.30am)October Final M4 Money Supply (9.30am)Eurozone: November CPI Estimate (10am)US:November Chicago PMI (2.45pm) Tuesday 1 DecemberUK:November PMI Manufacturing (9.30am)November Nationwide House Prices (7am)Eurozone:November PMI Manufacturing (9am)October Unemployment [...]
Dubai reminds traders that stocks are on fragile ground November 29, 2009 DUBAI’S inability to meet its debt payments rattled stock markets across the world last week as the shock announcement sparked new worries about the health of the global economy and governments’ abilities to service their debt. The FTSE 100 index dropped 171 points on Thursday before regaining some of its losses in Friday’s trading. Financial [...]
Concern over Dubai’s debts takes toll on Britain’s shares November 26, 2009 Britain’s top shares ended at a three-week closing low yesterday, pressured by hefty falls in the banking sector as concerns over Dubai’s ability to pay its debts took a toll on confidence. The FTSE 100 ended down 3.2 per cent, or 170.68 points, at 5,194.13, its lowest close since November 6, and losses on the [...]
European shares in 3.3 per cent slump November 26, 2009 European shares slipped 3.3 per cent yesterday to record their biggest one-day percentage drop in seven months as concerns about debt problems in Dubai weighed on the market, with banks the major fallers. The pan-European FTSEurofirst 300 index of top shares closed down 33.81 points at 988.14 – its lowest close in three weeks. “The [...]
THE NEW YORK REPORT November 25, 2009 Stocks rose in light trading volume yestesrday, supported by data that pointed to stabilisation in the labour and housing markets, areas that have fed concerns about a “double dip” recession. Trading volume was among the lightest of the year one day before the Thanksgiving holiday, with many senior traders absent from trading floors. Even so, [...]
Take a punt on how much further British banking stocks can rise November 25, 2009 THE Bank of England’s secret deal which saw it lend ailing Royal Bank of Scotland and HBOS an astonishing £61.6bn last October was a timely reminder of just how bad the situation was this time last year. The global financial system was struggling to rebalance itself and many banks had either collapsed entirely or been [...]
THE TIPSTER November 25, 2009 THANKSGIVING in the US means that the American markets are closed and traders are expecting a quiet day ahead. But that doesn’t mean spread betters should be ignoring the markets. There is plenty of scope for traders to start pulling money off the table to minimise risk. Nonetheless, the Dow index has had a huge [...]
MINING AND OIL POPULAR SECTORS November 25, 2009 ALEXANDRE HOUPERTHEAD OF LISTED PRODUCTS UK, SG CORPORATE & INVESTMENT BANKING IN THE current market climate, investors might be afraid of choosing single stocks and exposing themselves to all the risk that cherry picking entails. Instead, they are increasingly choosing to take out a position on a sector in order to spread the risk. We’ve [...]