Editor's Picks
US midmorning: Semiconductor shares weigh on Nasdaq
Monday 07 Nov 2011
The main US stock market averages are now trading down slightly (Dow Jones Industrial: -43, Nasdaq Comp.: -25, S&P 500: -6) despite the basics of an agreement in Greece on a coalition government having been reached and on the back of renewed tensions in Eurozone periphery debt. So much so that the Italian risk premium has today reached a new Euro-era record. All of this ahead of this evening’s
UK Housing finds its mojo, Barclays says?
Monday 07 Nov 2011
The results of the Royal Institute of Chartered Surveyor’s (RICS) housing market survey for the month of October have provided analysts with some ‘mixed’ signals on the housing market this morning.
Market overview: FTSE snaps back on Berlusconi rumours?
Monday 07 Nov 2011
1147: UK stocks seem to have snapped back on speculation regarding the possible imminent resignation of Italian Prime Minister Silvio Berlusconi. Particularly noteworthy, reports in the Italian press that more than a dozen MPs are ready to leave his coalition. Weir Group is still leading the falls on the top share index, although no obvious catalyst can be seen. IAG on the other hand is probably
UK housing activity expected to remain roughly stable
Monday 07 Nov 2011
UK housing prices rose by 1.2% on month in October, according to the latest data out today from Halifax, to £163,311.
Digital Look broker talk
Monday 07 Nov 2011
RBS: “At c0.45x TBV, the shares already discount a lot of negative news. The group prospects are uncertain and vulnerable to downturns in the economy and financial markets. Our recommendations of Barclays and the two Far Eastern banks are more analysable. However, RBS does now look oversold to us, even if any rebound is likely to be a rally, rather than a long term trend” [Nomura].
Taylor Wimpey trading in line
Monday 07 Nov 2011
Housebuilder Taylor Wimpey said it remains firmly on track to deliver double-digit operating margin in the UK in 2012, as long as present stable market conditions continue.
Monday broker update: Smith&Nephew, IAG, Tate&Lyle
Monday 07 Nov 2011
Smith&Nephew: Credit Suisse downgrades to neutral from outperform, cuts target to 600p from 800p.
London open: Recession fears spook investors
Monday 07 Nov 2011
You will search in vain for positive features among FTSE 100 index constituents, as every stock that belongs to the top-share index is lower, after consultancy BDO LLP’s UK output index, which tries to gauge output over the next three months, declined in October to the lowest level in more than two years.
Commodities: Modest gain for crude after volatile session
Friday 04 Nov 2011
Crude oil futures settled Friday higher, as buyers moved in during the last hour of trading.
Monday newspaper round-up: Berlusconi, SMEs, Vodafone
Friday 04 Nov 2011
Cabinet minister Danny Alexander has accused some trade union leaders of being "hell bent" on strike action over changes to public sector pensions with little regard for the interests of their members. The Liberal Democrat Chief Secretary to the Treasury said the Government would be contacting 2.5 million public sector workers directly over the next weeks to "explain to them directly" the latest
Broker snap: Tesco better bet than Sainsurys for Credit Suisse
Friday 04 Nov 2011
For anyone about to do their weekly shop, this might make interesting reading.
Alliance Boots eyes Healthcare at Home
Friday 04 Nov 2011
The Telegraph reports that Alliance Boots could make a bid for Healthcare at Home which delivers medicine to people’s homes.
FX round-up: Dollar beefs up on safe haven flows
Friday 04 Nov 2011
The dollar rallied against the euro and other major currencies on Friday as jitters surrounding the outcome of Greece's vote of confidence increased the allure of the safe haven dollar.
Friday preview: Greek vote, US jobs data, Smith and Nephew ...
Thursday 03 Nov 2011
Activities on the UK corporate news front are set to take a back seat on Friday to events in Greece, where the government faces a vote of confidence motion in parliament, and the US, where the non-farm payrolls data will be as keenly watched as ever.
London open: RBS leads the advance
Thursday 03 Nov 2011
Equities have started the day on the front foot but are not straying too far from last night's levels, bearing in mind that the market-moving US October jobs report is due out this afternoon.
Day of high dra(ch)ma in EU as rates are cut and Greece flounders
Thursday 03 Nov 2011
It was an extraordinary day of to-ings, fro-ings, comings and goings in Europe.
ECB interest rate decision unanimous due to 'downside risks'
Thursday 03 Nov 2011
European Central Bank President Mario Draghi has said "significant cuts" to growth forecasts in the Eurozone are very likely in 2012.
UPDATE: Greek referendum 'scrapped' say sources
Thursday 03 Nov 2011
Sources close to the Greek government have confirmed that the proposed refendum on the country's bailout package has been scrapped, according to Associated Press.
Asia Close: New easing measures in China?
Thursday 03 Nov 2011
The main Asia-pacific equity benchmarks have closed today’s session with very strong gains in most cases (Nikkei: 1.86%, HangSeng: 3.12%, ASX: 2.48%, NSX: 0.61%, Kospi: 3.13%, SHSE: 0.74%, JSE: 2.16%). The above following the apparently positive events yesterday in Greece.
Italy accepts IMF and EU monitoring
Thursday 03 Nov 2011
Greece has put its proposal for a referendum in 'deep freeze' and Italy may have accepted monitoring from the International Monetary Fund (IMF) and the European Union (EU). It is said that the two international bodies will monitor and make sure that the austerity measures and reforms (pensions, labor market, and privatizations) promised by Silvio Berlusconi to lower the country's deficit are in
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