POOR DATA TO KEEP LID ON STERLING RISE October 18, 2009 JANE FOLEYRESEARCH DIRECTOR, FOREX.COM AFTER falling to multi-month lows against both the euro and the US dollar, sterling was squeezed aggressively higher last week. The generally weak dollar allowed cable (sterling-dollar) to return to its best levels for over three weeks and against the euro, the pound only managed to win back about a fortnight’s [...]
THE TIPSTER MACRO DATA KEY TO THE WEEK AHEAD October 18, 2009 WITH a slew of macroeconomic data on the way, sterling-US dollar – otherwise known as cable – is sharply in focus this week. Although the pound made some solid gains at the end of last week, these may well be reversed on Friday when the UK third quarter GDP figure is released. Forecasts have been [...]
Range of large cap firms set to give markets an overview October 18, 2009 THERE is a mixed bag of companies reporting this week, but the diverse selection will give investors plenty to digest. FTSE 100 software company Autonomy will post its third quarter results tomorrow, though its management have already signalled that it will be another strong performance. It said earlier this month that it expects to report [...]
Another see-saw week ahead in US October 18, 2009 AFTER a week in which we saw US earnings good and not so good stimulate the Dow to both push through the 10,000 level and then close below it, this week could well see the see-saws continue as the corporate results keep on coming. Expect to be swamped with almost half of all the stocks [...]
Banks take FTSE 100 lower after US figures disappoint October 15, 2009 THE FTSE 100 closed lower on yesterday as banks fell after US banking earnings failed to meet some expectations, while miners tracked metal prices down. The index ended down 0.6 per cent, or 33.15 points at 5,222.95, retreating from a 56-week closing high set on Wednesday. Although third-quarter earnings from Goldman Sachs and Citigroup came [...]
Energy pushes the Dow to 2009 highs October 15, 2009 The Dow industrials and the S&P 500 climbed yesterday to 2009 closing highs, buoyed by energy stocks as oil prices jumped, but financials retreated as investors panned results from Goldman Sachs and Citigroup. The Nasdaq eked out a slim gain, but shares of big-cap tech companies, including Apple and Google, dragged. Google lost 1 per [...]
Return of optimism bolsters FTSE as JP Morgan cheers October 14, 2009 BRITAIN’S top share index surged 2 per cent yesterday, hitting its highest closing level in more than a year, as quarterly earnings from JPMorgan Chase and Intel lifted investor's sentiment. The FTSE 100 ended up 101.95 points higher at 5,256.10, after closing 1.1 per cent weaker on Tuesday. The UK benchmark, which tumbled more than [...]
Dow above 10,000 on surprise results October 14, 2009 THE Dow industrials pierced the 10,000 level yesterday for the first time in a year on surprisingly robust company results and better-than-expected retail sales. With major indexes up more than 1 per cent, the Dow’s milestone shows how far the market has come since last year when investors fled collapsing financial markets as the economic [...]
Shift to low-carbon economy will boost clean technology prospects October 14, 2009 INVESTING in clean technology used to be perceived as an activity that was primarily the domain of slightly hippy do-gooders with little interest in high-yielding returns. But any lingering misconceptions of tree-huggers and poor returns were swept away earlier this week when billionaire George Soros said he planned to invest $1bn in clean-energy technologies over [...]
Timing is everything when you choose to study for an MBA October 14, 2009 RESOLVING to take significant time out of your career to study for an MBA is one of the biggest decisions you can take, and one that involves a whole host of other choices – what kind of MBA to take, what school and even what country to study it in, and, perhaps most importantly, when [...]