End of the decade optimism is looking likely to lift global stocks after a flat start to the week December 6, 2009 UK and European stock markets are set to start the week little changed, but as we enter the second week of December, traders will not want to miss out on a possible end of decade rally. GFT is quoting the FTSE 100 index to open unchanged from Friday’s close, at a level of 5,322. The [...]
ECONOMIC DIARY November 1, 2009 Monday 2 NovemberUK:October PMI Manufacturing (9.30am)Eurozone:October PMI Manufacturing (9.00am)US: October ISM Manufacturing (3pm)September construction spending (3pm) Tuesday 3 NovemberUK:October PMI Construction (9.30am)US:September factory orders (3pm)ABC consumer confidence (10pm)October total vehicle sales anddomestic vehicle sales (10pm)Federal Reserve’s Open Market Committee (FOMC) begins its meeting on interest rates Wednesday 4 NovemberUK: October Nationwide consumerconfidence (12am)October PMI [...]
Improved GDP numbers will add to the growing confidence in sterling December 21, 2009 ALL the signs are pointing to an upward revision to UK GDP growth this morning. The consensus among City economists is for a smaller 0.1 percent fall in GDP in the third quarter. But there is a real possibility that growth was actually stronger and could even have been flat on the quarter. A 2 [...]
Investors reckon recovery will continue November 2, 2009 THE share price recovery is set to roll into next year thanks to government efforts to kick-start economies, a poll showed yesterday. More than 75 per cent of investors were confident of a neutral or positive equity market outlook in 2010, according to the Global Investor Review survey of 150 major investment banks. The driver [...]
Thanksgiving week will hit stocks despite higher start November 22, 2009 UK and European stock markets are set to make a move higher this morning, following on from a rebound in Dow stocks late in the day on Friday off their lows. GFT is quoting the FTSE 100 index to open up 24 points from Friday’s close, at a level of 5,275. The German DAX is [...]
Tui confident on 2010 after loss narrows December 1, 2009 TUI Travel, Europe’s largest tourism operator, said it was on track to meet expectations for 2010 after revealing a second half pre-tax loss of £52m. The figure contrasted with a £267m loss last year, reflecting the positive effects of capacity cuts and price increases. Analysts greeted the news with cautious optimism. Revenue at Tui stayed [...]
Home loans surge but British consumer remains subdued October 29, 2009 MORTGAGE approvals soared to their highest levels in 18 months but credit card lending remained subdued as recession-hit consumers paid back their debts for the third successive month. Data from the Bank of England showed that a total of 56,215 mortgages were approved in September, up from 52,970 in August and above expectations, indicating that [...]
Home loans surge but British consumer remains subdued October 29, 2009 MORTGAGE approvals soared to their highest levels in 18 months but credit card lending remained subdued as recession-hit consumers paid back their debts for the third successive month. Data from the Bank of England showed that a total of 56,215 mortgages were approved in September, up from 52,970 in August and above expectations, indicating that [...]
Pound frailty to continue, says Item report October 18, 2009 THE UK economy is back from the brink as market confidence increases and the recession draws to an end, according to the Ernst & Young ITEM Club Autumn forecast, released today. But the report warns that Gross Domestic Product (GDP) growth is unlikely to reach one per cent next year and the pound is likely [...]
It will be easy to lose money this year December 17, 2009 ONE of the great paradoxes of 2009 was that economic meltdown went hand in hand with strong gains for many investors. After a disastrous few months when everybody was pricing in the end of civilisation, stock markets bounced back, house prices started to rise again and many traders made vast returns. As I wrote yesterday, [...]