| Home | Log In | Register | Our Services | My Account | Contact | Help |
You are NOT currently logged in
The Traders Thread - Monday 21st April (TRAD)
Greystone
- 20 Apr 2008 12:32
Greystone
- 20 Apr 2008 12:35
- 4 of 45
| A Brief Look At The Week Ahead | |
| The bankers bail-out blues will no doubt top the charts again this week with the BoE and RBoS leading and HBOS and Barclays providing the supporting acts. The corporate diary is a bit busier than of late with numbers due from the likes of Reckitt, AB Foods, GlaxoSmithKline, AstraZeneca, Aquarius Platinum, Persimon and WPP. Enough meat there to sate the healthiest of appetites... Good hunting! Greystone Thanks, as always to Supermum, Kyoto and Digger for their invaluable input to The Traders Thread. (Greystone is Alan English, City Editor at MoneyAM.) | |
Kyoto
- 21 Apr 2008 03:04
- 5 of 45
Morning all. Friday's market reports:
Telegraph
The Times
The Times (Need to know)
FT
The Independent
The Guardian
This is Money
Saturday
Bank's decision makes it easier for its rivals to follow suit and go cap in hand.
Royal Bank of Scotland will spur others to go cap in hand
Royal Bank of Scotland is this weekend mulling the option of selling its Direct Line insurance business in an effort to sweeten investors furious about a mammoth planned capital-raising of as much as 13 billion.
Royal Bank of Scotland may auction Direct Line and Churchill to raise cash
Given the pressure the move puts on the bank's chief executive, Sir Fred Goodwin, it might seem obvious that the bank has no choice but to appeal to shareholders for money.
Does Royal Bank of Scotland really have no choice over rights issue?
The credit crunch took a further toll on Citigroup yesterday as Americas largest bank announced an extra $15.2 billion (7.6 billion) hit and said that it would cut another 9,000 jobs worldwide.
Citigroup writes off another $15.2 billion and plans 9,000 job cuts
Citigroup analysts have cut their forecasts for the housebuilding sector in the wake of an "alarming" drop in activity in the housing market in recent weeks.
Citigroup warns housebuilding will fall 25pc
The treasury's budget shortfall soared to 10.2bn last month, leaving the Government's coffers in a perilous state as the UK enters what could prove a prolonged downturn.
Treasury budget shortfall rockets to 10.2bn
New penalties for failing to declare all taxable income could add up to a 1bn stealth tax, say accountants Blick Rothenberg. The minimum penalty will be 20pc of tax due under the new regime, which HM Revenue & Customs expects to cost 10m to impose.
New income penalties 'are 1bn stealth tax'
The Bank of England is preparing to unveil a plan to inject 50bn of funds into the financial system next week in an attempt to breathe life into the moribund mortgage market, it was reported last night.
50bn move to unlock mortgage market
Amid what experts agree is a historic boom that has seen prices across both hard and soft commodities from iron ore and oil to rice and wheat soar to record highs, governments are angling for a larger slice of the pie.
States demand bigger cut of commodities profits
Sunday
The Sunday Telegraph has also learned that AIG, Allianz, Axa and Generali have made preliminary enquiries to buy RBS's 5bn insurance division, which includes Direct Line and Churchill, as the board of the British banking group convenes to decide how to restore investor confidence in its strategy and its chief executive.
Royal Bank of Scotland's secret talks with FSA
The Bank of Englands package to restore liquidity and confidence to the money markets could provide the economy with a significant boost and head off part of the widely expected economic downturn, analysts say.
Mervyn Kings liquidity deal may avert economic downturn
Britain's utilities have racked up 30bn of debt and could be the next casualties of the credit crunch, according to a report out today. Some companies are so highly leveraged they may be unable to fund repairs if storms or flooding disrupt electricity and water supplies, warns Reynolds Partners, an independent investment bank.
Utilities at risk from debt timebomb
Energy companies are preparing to slap hard-pressed households with a second massive hike in utility bills this year. Bills could start rising again in the summer by as much as 25 per cent, or an average 250 per household.
Energy firms to raise bills yet again
Homeowners are setting asking prices at about 10 per cent below their peak, according to estate agents across the country.
Asking prices drop 10pc
Speculative investors have created an unsustainable bubble in international food markets, say economists, exacerbating the sharp rise in prices that has led to riots around the world.
Speculators fuel bubble in global food costs
Consumers should be braced for a 'rapid, painful adjustment' as Britain's buy-now-pay-later economy faces up to a new era of straitened credit, the Ernst & Young Item Club warns today.
UK consumers face 'rapid and painful' downturn
Monday
An unprecedented 50 billion injection to bail out Britains ailing banking system could be doubled if it fails to stave off a collapse in the housing market.
Alistair Darling plans unprecedented 50bn bank bailout
Banking giant Citigroup has warned that defaults on credit cards and other consumer products could drag on the economy for the next two years. Gary Crittenden, chief financial officer of the financial conglomerate, believes that it is consumer credit - rather than institutional credit - which now poses the greatest risk to the banking sector, and therefore the economy at large.
Citigroup's CFO says consumer credit now biggest risk
Growth in consumer spending is expected to slide from 3pc in 2007 to 1pc this year and next as the diminishing liquidity in the mortgage market limits the nation's ability to spend on the high street, say economic forecasters.
High street spending will slide as 'mortgage famine' hits, say analysts
The secretary-general of Opec said yesterday that oil prices could rise even higher than the present record level of $117 a barrel. Many analysts expect oil to rise above $120 a barrel by the summer.
Oil prices to head even higher says Opec chief
The Financial Services Authority (FSA) has come under fire over claims it gave too much leeway to collapsed broker Global Trader Europe. The City watchdog allowed the troubled broker to carry on writing new business for five weeks after it was first informed by GTE that it was facing a shortfall of regulatory capital.
FSA under fire over collapsed Global Trader Europe
Telegraph
The Times
The Times (Need to know)
FT
The Independent
The Guardian
This is Money
Saturday
Bank's decision makes it easier for its rivals to follow suit and go cap in hand.
Royal Bank of Scotland will spur others to go cap in hand
Royal Bank of Scotland is this weekend mulling the option of selling its Direct Line insurance business in an effort to sweeten investors furious about a mammoth planned capital-raising of as much as 13 billion.
Royal Bank of Scotland may auction Direct Line and Churchill to raise cash
Given the pressure the move puts on the bank's chief executive, Sir Fred Goodwin, it might seem obvious that the bank has no choice but to appeal to shareholders for money.
Does Royal Bank of Scotland really have no choice over rights issue?
The credit crunch took a further toll on Citigroup yesterday as Americas largest bank announced an extra $15.2 billion (7.6 billion) hit and said that it would cut another 9,000 jobs worldwide.
Citigroup writes off another $15.2 billion and plans 9,000 job cuts
Citigroup analysts have cut their forecasts for the housebuilding sector in the wake of an "alarming" drop in activity in the housing market in recent weeks.
Citigroup warns housebuilding will fall 25pc
The treasury's budget shortfall soared to 10.2bn last month, leaving the Government's coffers in a perilous state as the UK enters what could prove a prolonged downturn.
Treasury budget shortfall rockets to 10.2bn
New penalties for failing to declare all taxable income could add up to a 1bn stealth tax, say accountants Blick Rothenberg. The minimum penalty will be 20pc of tax due under the new regime, which HM Revenue & Customs expects to cost 10m to impose.
New income penalties 'are 1bn stealth tax'
The Bank of England is preparing to unveil a plan to inject 50bn of funds into the financial system next week in an attempt to breathe life into the moribund mortgage market, it was reported last night.
50bn move to unlock mortgage market
Amid what experts agree is a historic boom that has seen prices across both hard and soft commodities from iron ore and oil to rice and wheat soar to record highs, governments are angling for a larger slice of the pie.
States demand bigger cut of commodities profits
Sunday
The Sunday Telegraph has also learned that AIG, Allianz, Axa and Generali have made preliminary enquiries to buy RBS's 5bn insurance division, which includes Direct Line and Churchill, as the board of the British banking group convenes to decide how to restore investor confidence in its strategy and its chief executive.
Royal Bank of Scotland's secret talks with FSA
The Bank of Englands package to restore liquidity and confidence to the money markets could provide the economy with a significant boost and head off part of the widely expected economic downturn, analysts say.
Mervyn Kings liquidity deal may avert economic downturn
Britain's utilities have racked up 30bn of debt and could be the next casualties of the credit crunch, according to a report out today. Some companies are so highly leveraged they may be unable to fund repairs if storms or flooding disrupt electricity and water supplies, warns Reynolds Partners, an independent investment bank.
Utilities at risk from debt timebomb
Energy companies are preparing to slap hard-pressed households with a second massive hike in utility bills this year. Bills could start rising again in the summer by as much as 25 per cent, or an average 250 per household.
Energy firms to raise bills yet again
Homeowners are setting asking prices at about 10 per cent below their peak, according to estate agents across the country.
Asking prices drop 10pc
Speculative investors have created an unsustainable bubble in international food markets, say economists, exacerbating the sharp rise in prices that has led to riots around the world.
Speculators fuel bubble in global food costs
Consumers should be braced for a 'rapid, painful adjustment' as Britain's buy-now-pay-later economy faces up to a new era of straitened credit, the Ernst & Young Item Club warns today.
UK consumers face 'rapid and painful' downturn
Monday
An unprecedented 50 billion injection to bail out Britains ailing banking system could be doubled if it fails to stave off a collapse in the housing market.
Alistair Darling plans unprecedented 50bn bank bailout
Banking giant Citigroup has warned that defaults on credit cards and other consumer products could drag on the economy for the next two years. Gary Crittenden, chief financial officer of the financial conglomerate, believes that it is consumer credit - rather than institutional credit - which now poses the greatest risk to the banking sector, and therefore the economy at large.
Citigroup's CFO says consumer credit now biggest risk
Growth in consumer spending is expected to slide from 3pc in 2007 to 1pc this year and next as the diminishing liquidity in the mortgage market limits the nation's ability to spend on the high street, say economic forecasters.
High street spending will slide as 'mortgage famine' hits, say analysts
The secretary-general of Opec said yesterday that oil prices could rise even higher than the present record level of $117 a barrel. Many analysts expect oil to rise above $120 a barrel by the summer.
Oil prices to head even higher says Opec chief
The Financial Services Authority (FSA) has come under fire over claims it gave too much leeway to collapsed broker Global Trader Europe. The City watchdog allowed the troubled broker to carry on writing new business for five weeks after it was first informed by GTE that it was facing a shortfall of regulatory capital.
FSA under fire over collapsed Global Trader Europe
Kyoto
- 21 Apr 2008 03:11
- 6 of 45
| NIKKEI 225 | AUSTRALIA ASX200 | SHANGHAI | HANG SENG |
Kyoto
- 21 Apr 2008 03:14
- 7 of 45
Greystone
- 21 Apr 2008 06:23
- 8 of 45
Good morning traders!
In Asia today, the Hang Seng ended the morning up 603.04 points at 24,800.82,
while the Nikkei was recently up 237.51 points at 13,713.96.
New York's main oil futures contract, light sweet crude for delivery in May, was 9
cents lower at $116.60 a barrel after closing at a record $116.69 on Friday at the
New York Mercantile Exchange. The contract earlier struck an intraday all-time
peak of $117.
Happy trading!
G.
In Asia today, the Hang Seng ended the morning up 603.04 points at 24,800.82,
while the Nikkei was recently up 237.51 points at 13,713.96.
New York's main oil futures contract, light sweet crude for delivery in May, was 9
cents lower at $116.60 a barrel after closing at a record $116.69 on Friday at the
New York Mercantile Exchange. The contract earlier struck an intraday all-time
peak of $117.
Happy trading!
G.
Kyoto
- 21 Apr 2008 07:18
- 9 of 45
Kyoto
- 21 Apr 2008 07:24
- 10 of 45
Kyoto
- 21 Apr 2008 07:39
- 11 of 45
Kyoto
- 21 Apr 2008 07:45
- 12 of 45
Kyoto
- 21 Apr 2008 07:50
- 13 of 45
Kyoto
- 21 Apr 2008 07:56
- 14 of 45
Kyoto
- 21 Apr 2008 08:01
- 15 of 45
Kyoto
- 21 Apr 2008 08:08
- 16 of 45
Kyoto
- 21 Apr 2008 08:15
- 17 of 45
Kyoto
- 21 Apr 2008 08:25
- 18 of 45
Kyoto
- 21 Apr 2008 08:36
- 19 of 45
Kyoto
- 21 Apr 2008 08:41
- 20 of 45
Kyoto
- 21 Apr 2008 08:51
- 21 of 45
Kyoto
- 21 Apr 2008 09:01
- 22 of 45
Kyoto
- 21 Apr 2008 09:07
- 23 of 45
| About MoneyAM | Ts and Cs | Privacy Policy | Investment Warning | Content Standards | Corporate Solutions | Advertise With Us | Site Map | © 2025 MoneyAM |
Register now for FREE
Share Prices,
Stock Quotes,
Charts, Bulletin Boards, Indices, Watchlists, Portfolio, Market News, Research
or see our Premium Services including Level 2, Terminal and much more.
Follow us on Twitter