Stock indices across Europe slid lower on Monday, continuing Friday’s losses as risk aversion continued to bite with investors becoming increasingly concerned that Italy could become the next Greece, a fact emphasised by the FTSE Volatility Index rising 22% today.
The FTSE 100 traded lower by 1.3% on the day, whilst the DAX, CAC and...
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Archive for July, 2011
Italy 40 Index Falls 4% as Sovereign Debt Contagion Fears Spread
FTSE 100 Heading for Year High on Better Than Expected US ADP Jobs Data
Stock Indices charged higher by around 1% on Thursday after US ADP employers added more than double the amount of private jobs than the market had expected in June, boosting expectations for a strong reading in tomorrow’s US payroll figures.
There is no doubt that today’s ADP employment reading may have ultimately raised expectations...
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GBP/AUD Hits Record Low as Risk Appetite Lifts Commodity Currencies
The Australian dollar was one of a handful of currencies to strengthen by around 2% against the pound last week.
The pound began last week in reasonably buoyant mood, rising by half a cent on Monday morning. After that it was a different story. By Thursday afternoon the pound was four and a half...
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Rally in Share Trading Markets Falters on Losses in the Banking Sector
European share trading markets have continued to tread water today as the banking sector slips back in the UK after initially leading the index early in the morning session, with Lloyds Banking Group leading the fallers in the sector.
The mining sector has been another drag on the back of concerns about a growth...
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FTSE 250 Hits 4 Year Highs as Markets Consolidate on Last Week’s Rally
UK and European markets have traded fairly quietly today with banks falling back somewhat after ratings agency Standard and Poors stated that the recent French bank plan to roll over Greek debt would be classified as a default event.
Lloyds, Barclays and RBS are all lower, though by and large momentum has remained positive with...
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GBP/CAD Rallies as Loonie Falls on Greek Debt Worries
From Monday morning until Thursday morning last week GBP/CAD spreads were in retreat, falling by three cents from Monday’s starting point.
Thereafter it was almost all upward progress. By the time London opened this Monday morning the pound was nursing a net loss of less than a cent on the week.
All the Canadian economy...
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