Yesterday, notes Mr Secker, , the FTSE 100 was 50.86 points lower at 4,671.34 by the close of the session. Weakness was shown in the heavyweight banks, miners, and oils, but defensive stocks were back in favor once again. Yesterday, notes Mr Secker, , the Dow Jones industrial average lost 96.28 points (or 1.03%) to [...]
The FTSE dropped yesterday ending down 9.36 points (or 0.2%) at 4,722.20, after reaching a 10-month closing high on Friday. Miners were the worst performers on the index. Last week investors booked profits from substantial gains in miners and banks.
US stocks fell as investors booked profits following a four-week rally. Yesterday, notes Mr Secker, , [...]
Yesterday, notes Mr Secker, , the FTSE 100 added 43.40 points to close up (0.9%) at 4,690.53. The FTSE, writes Greg Secker, hit a new intraday high of 4,729.58 driven by the strength of banks as the BoE announced a further 50 billion of QE. This announcement saw gilt futures soar. Weakness was shown among [...]
Yesterday, notes Mr Secker, , the FTSE 100 ended 24.24 points lower (down 0.5%) at 4,647.13. The weaker than expected data in the US dragged the equities lower, with oil producers and miners leading the losers. This has caused investors to shift into Finance (up 1.56%) and also Consumer Cyclicals (up 1.19%). Yesterday, notes Mr [...]
In forex news, the yen rose again yesterday against the euro and the dollar as Asian equity markets and US stock futures declined. The dollar is testing levels near 2009 lows against the euro as a strong housing report suggests that the recession is coming to an end. In key data releases the GBP Halifax [...]
In forex news, the U.S. dollar fell yesterday against a basket of currencies to its lowest level in eleven months as rising global equity markets and encouraging economic data from around the world eroded the greenback’s safe-haven appeal. Positive manufacturing reports from the United States, Europe and China lifted hopes about the global economy and [...]
On Friday the FTSE closed down 24 points at 4,608 and formed a high-test bar bouncing off 4,650. The Dow closed up 16 points at 9,171. In Forex news the US dollar tested two month lows against the euro as the market shift focus to higher yielding currencies on expectations that US manufacturing will show [...]