CREDIT REPORT June 8, 2009 SOVEREIGN debt markets dominated headlines yesterday after recession-torn Ireland saw its issuance downgraded by Standard & Poor’s (S&P) for the second time in under three months. The ratings agency cut Irish bonds to “AA” from “AA+”, after removing its top “AAA” rating in March, on fears the Eurozone nation may be unable to meet the [...]
FTSE 100 remains steady despite the political rout and a bit of profit taking June 8, 2009 THE FTSE 100 shed 1 per cent, or 33.34 points, to close at 4,405.22 yesterday, weighed down by weak energy and mining stocks, while banks fell as recent bullish sentiment soured. “Caution is creeping back into financial markets after what was largely a positive week for equities,” said David Evans, market analyst at BetOnMarkets.com. “There [...]
Banks shrug off McDonald’s and Apple worries June 8, 2009 US stocks rebounded late yesterday to end flat, shrugging off lighter-than-expected sales from McDonald’s and lowered iPhone prices from Apple. The three major US stock indexes had fallen more than 1 per cent before rallying in the last hour of trading, led by bank shares. Analysts pointed to the S&P 500’s recent piercing of its [...]
SPOTLIGHT ON SMALL CAPS June 8, 2009 VIDEO telecommunications firm Scotty Group revealed a mixed bag of news yesterday as its shares fell 13.9 per cent to 59p on Aim. Scotty updated the market on contract timing delays but was upbeat on the signing of a new? 8m (£6.9m) contract with Eurocopter. The small cap resources sector was as active as ever. [...]
THE LONDON REPORT June 7, 2009 CORPORATE data due out this week could help to steer the market, particularly with regards to retailer and consumer stocks, while investors in Independent News & Media will be hoping for an update on the future of the ailing publisher at its annual meeting on Wednesday. Today’s 17-week trading statement from JD Sports Fashion is [...]
MARTIN ON THE MARKETS June 7, 2009 THE markets will have to digest a constant barrage of rumours and supposition over the future of Gordon Brown as well as the incumbent government this week, with any continued uncertainty likely to weigh on the UK markets. UK industrial and manufacturing production numbers will be watched for signs of improvement on Wednesday after the [...]
Optimists start to look towards cyclical equities June 7, 2009 SPREAD betting on individual equities or sectors is a tricky task, especially at the moment when the timing of an economic recovery is still not entirely certain. Overall sentiment is picking up but companies are still downbeat about their future prospects – so how can spread betters try to make sense of the equity markets [...]
UK FUTURE IS NOT AS BLEAK AS ELSEWHERE June 7, 2009 JANE FOLEYRESEARCH DIRECTOR, FOREX.COMNOW that the panic that followed the collapse of Lehman last September has subsided, the demands on policymakers have altered. What was needed at the height of the financial crisis was a quick and heavy-handed response to prevent the world economy sliding into depression. Now that economic data is suggesting that the [...]
Gain an insight into the FX markets over breakfast June 7, 2009 FOREIGN exchange trading is growing in popularity, particularly among the private investing community, who are taking advantage of the liquidity of the asset class. To give an exclusive insight into the currency markets, City A.M. and foreign exchange provider Alpari (UK) have joined forces to put on two free forex breakfast seminars, focusing on the [...]
Picking the right provider is vital for spread betters June 7, 2009 WITH volatility sitting comfortably at just below the 30 level on the Vix – a far cry from the high eighties reached post-Lehman – and the FTSE 100 range bound since early May, spread betters can no longer rely on massive swings in shares prices for their profits. This means it is increasingly important to [...]
