Fri 6th Dec 13, 16:55
FTSE 100 rebounds strongly on US jobs beat; Taper expectations brought forward; Oil, housing stocks provide a lift.
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- NFPs increase by 203k, jobless rate falls to 7.0 per cent Yesterday
Non-farm payrolls smash expectations, jobless rate falls, Taper expectations brought forward, Intel rises on PC hopes after Citi upgrade 2 days ago
UK housebuilder Berkeley Group saw its pre-tax profit rise 19.2 per cent to 169.2m pounds in the first half, driven by strong demand in the housing sector. 2 days ago
The following were the yield and basis point (bp) movements of some of the most-watched 10-year bonds this afternoon: 2 days ago
US non-farm payrolls rise unexpectedly; German factory orders fall more than forecast; UK inflation expectations and house prices rise 2 days ago
The Royal Bank of Scotland's (RBS) banking platform was hacked on Friday, creating issues for customers trying to access their online accounts. 2 days ago
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Regular readers will know whilst deep down I am a trend follower I will also take a contrarian view and also look for signs of beaten up stocks that are making a turnaround.
Two stocks both mentioned here before that have done extremely well for me and anyone brave enough to follow me are Citigroup (C) and AIG (AIG). Yes, both stocks would have gone broke had the US government not bailed them out, but that is the distant past and Uncle Sam is out of both and made money out of saving both companies.
It is often claimed that currencies have a tendency to depreciate during their home business hours. Lets look at how we can use this knowledge to trade the forex market profitably.
An academic study published in 2007 by Francis Breedon and Angelo Ranaldo thoroughly analyzed 10 years of historical data from 1997 to 2007 and not only found that this depreciation bias was a statistical fact, but also that it could be used as the basis for a profitably strategy on the EUR/USD pair, even after commission/spread costs were factored in.
China-based logistics services provider China Chaintek is a profitable, cash generative business offering a dividend.
A lack of capacity will hold back short-term profitability but the company is on course to significantly expand its distribution facilities and reap the benefits in terms of earnings growth.
A small entity of investment houses and traders believe we could see a token taper from the Federal Reserve as early as next month and this has given the dollar a degree of resilience despite the fact that we have seen some data points miss in the past week or so.
As we approach the release of the Non-Farm payrolls number we could well see that faction increase in numbers which will support the greenback and of course any beating of expectations i.e. a number greater than 185,000 will embolden the dollar bulls.
It is that time of year again – almost the beginning of December, and by extension, almost the end of the calendar year. The coming months of December and January are viewed by traders with an equal mixture of awe and suspicion – let's examine why that is and whether it is justified.
Trading folklore views January as an opportune time for a trend to start, and December as a month that either gives a great move or is as flat as a pancake.