NEW YORK REPORT September 24, 2009 US STOCKS fell yesterday as signs of weakness in housing and investors’ worries that authorities might be curbing stimulus efforts too soon sparked caution. World central banks said they would scale back infusions of US dollars into their banking systems, fueling unease triggered a day earlier when stocks sold off following the US Federal Reserve’s [...]
POUND-EURO PARITY COMES EVER CLOSER September 23, 2009 JANE FOLEYRESEARCH DIRECTOR, FOREX.COM ALMOST a year after the pound touched parity with the euro, the recent rapid drop in the value of the pound has raised speculation that euro-sterling could see parity again in the not too distant future. Sterling-dollar – cable – is also at risk of even more losses now that it [...]
The return of risk appetite boosts nuclear, natural gas and coal ETFs September 23, 2009 WITH the UN climate change summit and the G20 meeting later this week, countries’ energy policy is expected to be a hot topic this autumn in the build up to the UN climate change conference being held in Copenhagen in December. Pressure is building on advanced economies to reduce their carbon emissions and develop cleaner [...]
ETPS HAVE BEEN BOOSTED BY CRISIS September 23, 2009 NIZAM HAMIDHEAD OF SALES STRATEGY, ISHARES EUROPE WHILE trading volumes on equities have fallen by 46 per cent during the financial crisis, volumes in exchange-traded products (ETPs) have been comparatively healthy. Over the past year trading volumes in ETPs rose to €54bn from €37bn and as a proportion of trading, they have risen from about [...]
UNCERTAINTY MAKES FOR EDGY TRADERS September 23, 2009 GEORGE TCHETVERTAKOVHEAD OF MARKET RESEARCH, ALPARI UK Over the past few weeks, market participants have been quick to price in monetary policy tightening in response to resurgent stock markets, buoyant macroeconomic indicators and strong sentiment across the developed world. Policy divergence or even policy “desynchronisation” whereby policy tightening is carried out at different rates, could [...]
TRADING OTHER GENDER STUDIES September 23, 2009 &9679; Researchers Paola Sapienza, Luigi Zingales and Dario Maestripieri found that female MBA students with higher testosterone levels are more likely to feel comfortable taking financial chances and to choose risky careers like investment banking or trading. &9679; But Swedish researchers found earlier this year that women given testosterone for a month were no more [...]
Good soft skills are key to turning grads into good employees September 23, 2009 IN India right now, a British training firm called Speak First is running a series of “finishing schools” to improve Indian graduates’ soft business skills and increase their chances of gaining employment. The schools address the fact that the academic and intellectual excellence of many Indian graduates is not matched by abilities in areas like [...]
CAREERS CLINIC September 23, 2009 DR LYNDA GRATTONLONDON BUSINESS SCHOOL I’m a manager in a struggling private equity division. Morale is low, and I’m losing confidence in my abilities to motivate the team and make decisions. How can I lead more effectively? YOU’RE in a very common situation in the City at the moment, with small teams of highly-paid and [...]
THE LONDON REPORT September 23, 2009 THE leading share index closed lower yesterday as falling commodity prices stung oil firms and miners while investors stayed cautious ahead of the conclusion of a US Federal Reserve policy meeting. The FTSE 100 ended 0.1 per cent, or 3.23 points, lower at 5,139.37, erasing gains from earlier in the session as shares on Wall [...]
NEW YORK REPORT September 23, 2009 US stocks fell yesterday as investors worried the Federal Reserve is closer to pulling back on extraordinary measures to inject funding to shore up the economy. The Fed’s policy-setters met and kept interest rates unchanged, as expected, but they also said the US central bank would slow its programme of purchasing mortgage debt to its [...]