Wed 11th Dec 13, 07:55
Markets are expected to open slightly lower on Wednesday, tracking indices lower in Asia and the US overnight, as uncertainty regarding Federal Reserve monetary policy continues to dominate sentiment.
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Democratic and Republican negotiators on Tuesday night agreed a deal to set spending levels until 2015, breaking the latest fiscal logjam in Congress and stopping a cycle of crisis-driven economic policy making in Washington. The agreement is small in size - worth 85bn dollars - but may herald the return of an era in which Congress can perform basic functions without the political brinkmanship that has repeatedly threatened the US economic recovery in recent years. - Financial Times 44 minutes ago
Taper speculation ramps up, S&P 500 pulls back from record; Budget uncertainty ahead of deadline, deal reached after the close; Goldman gains as Volcker Rule eased slightly. 2 hours ago
The greenback fell 0.5 per cent to 102.78 yen on Tuesday as investors mulled comments from a Federal Reserve official about potential tapering of the central bank's massive stimulus programme. 1 hour ago
Crude oil futures rallied to a six-week high on Tuesday as traders positioned themselves ahead of data that is expected to show another draw on US stockpiles. 1 hour ago
S&P 500 pulls back from another record high; Taper bets, budget talks dominate market commentary; Banks in focus ahead of Volcker Rule vote 14 hours ago
The following were the yield and basis point (bp) movements of some of the most-watched 10-year bonds this afternoon: 15 hours ago
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As one of the “big four” supermarkets, Morrisons (MRW) isn’t exactly an explosive penny share, but if you’re looking for a combination of solid dividends and steady growth, you might want to take a closer look.
At 261p its shares current have a historic dividend yield of 4.5%. In comparison, the FTSE 100 - at 6,550 points – can only muster a dividend yield of 3.5%. Although a 1% difference may not seem like much, it’s actually a 29% improvement in income (because 1 is 29% of 3.5), so small differences do matter.
The forex market is open to retail traders from Monday morning in Tokyo/Sydney, until Friday evening in New York. That is five and a half days of non-stop action when trades can be entered, and stop-losses can be hit – so how can you cope with it? Here are five tips to help you manage.
The non-stop nature of the market is often advertised as a plus, as though any trader in any time zone can trade whenever they want and make money. There is something to that, but as every forex trader knows, the 24-hour nature of the market can be like a prison if you don't know how to handle it.
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.