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The Traders Thread - Wednesday 23rd April (TRAD)
Greystone
- 22 Apr 2008 21:43
Greystone
- 22 Apr 2008 21:43
- 2 of 43
Hello traders!
In the US tonight, the DJIA was down 104.79 points at 12,720.23, while the
S&P500 fell 12.23 points to 1,375.94 and the Nasdaq Composite slipped 31.1
points to 2,376.94.
See you in the morning with the latest.......
G.
In the US tonight, the DJIA was down 104.79 points at 12,720.23, while the
S&P500 fell 12.23 points to 1,375.94 and the Nasdaq Composite slipped 31.1
points to 2,376.94.
See you in the morning with the latest.......
G.
Kyoto
- 23 Apr 2008 02:22
- 3 of 43
Morning all. Market reports:
Telegraph
The Times
The Times (Need to know)
FT
The Independent
The Guardian
This is Money
The price of oil has surged to a new record above $119 per barrel. Given the spate of "Record Oil Price!" stories that have filled newspapers in recent months, investors might be inclined to dismiss the latest threshold crossed if it weren't for the increasingly dire warnings being issued about the havoc that expensive oil may wreak on the global economy.
Surge in oil prices prompts warnings of global recession
Fears of a worldwide recession are growing as the relentless increase in the price of oil shows no sign of slowing. Oil prices were within a whisker of $120 a barrel in New York yesterday, reaching a peak of $119.90 before closing at $119.37.
Dollar weakness spurs oil price rises
Hopes that the Bank of England will slash interest rates have been undermined after a key policymaker hinted that the Bank's rescue plan for credit markets will free it up to use rates to fight inflation.
Bank of England hawk sees inflation risk if interest rates cut
Mortgage rates will continue to rise and may not return to the low rates seen last year, despite the banking sector bailout announced this week, lenders told the Chancellor yesterday.
Mortgage lenders warn that higher rates here to stay
Sir Tom McKillop, chairman of Royal Bank of Scotland, has mounted a robust defence of the bank's board, insisting it is not made up of "patsies".
Royal Bank of Scotland defends rights issue
Speculation is mounting that Barclays and HBOS will need to follow Royal Bank of Scotland in tapping shareholders for cash amid pressure from regulators on banks to plug an estimated 37bn hole in their capital cushions.
Will Barclays and HBOS have to tap up investors next?
The chairman and chief executive of Citigroup were heckled and booed at the financial giant's annual shareholder meeting yesterday. The rest of the board was assailed for pocketing giant pay packages while the company lost billions of dollars on sub-prime mortgages.
Citigroup chiefs booed by irate investors
Merrill Lynch raised a further $7.3 billion (3.65 billion) yesterday by selling bonds and preferred shares to boost its capital reserves after the $6.5 billion hit it took in the first quarter from the credit crunch.
Merrill Lynch raises extra $7.3bn to boost depleted funds
UBS bankers dumped half a billion dollars of "toxic" sub-prime mortgage securities on a client to boost revenues and secure their "extraordinary bonus payments" with no regard for the consequences, a letter of claim seen by The Daily Telegraph alleges.
UBS 'dumped its loans on us' - client
One of Britain's most high-profile fund managers has opted to "sit on the sidelines" in cash as a result of the ongoing market turmoil sparked by the credit crunch.
Alliance trusts in cash amid turmoil
The US Securities and Exchange Commission is to ban ratings agencies from consulting with investment banks whose products they rate in a bid to clean up the business in the wake of the continued credit crisis.
SEC rules will make ratings agencies more accountable
China's stock market has lost half its value since October in one of the most spectacular bear markets of the last half century, eliminating $2.5 trillion (1.25 trillion) of paper wealth. The Shanghai Composite briefly fell below the key psychological level of 3,000 yesterday, down 50pc from its peak.
Chinese stock exchange investors suffer from spectacular bear market
It was the scenario that 150 million Chinese investors thought would never happen, not before the 'Big Party' to celebrate the country's emergence as a global economic power. They were wrong.
China's bubble bursts
The administrators of collapsed broker Global Trader Europe (GTE) have launched a thorough investigation into the company's affairs - including whether there was any suggestion of wrongful and fraudulent trading.
Probe into Global Trader Europe is launched
Telegraph
The Times
The Times (Need to know)
FT
The Independent
The Guardian
This is Money
The price of oil has surged to a new record above $119 per barrel. Given the spate of "Record Oil Price!" stories that have filled newspapers in recent months, investors might be inclined to dismiss the latest threshold crossed if it weren't for the increasingly dire warnings being issued about the havoc that expensive oil may wreak on the global economy.
Surge in oil prices prompts warnings of global recession
Fears of a worldwide recession are growing as the relentless increase in the price of oil shows no sign of slowing. Oil prices were within a whisker of $120 a barrel in New York yesterday, reaching a peak of $119.90 before closing at $119.37.
Dollar weakness spurs oil price rises
Hopes that the Bank of England will slash interest rates have been undermined after a key policymaker hinted that the Bank's rescue plan for credit markets will free it up to use rates to fight inflation.
Bank of England hawk sees inflation risk if interest rates cut
Mortgage rates will continue to rise and may not return to the low rates seen last year, despite the banking sector bailout announced this week, lenders told the Chancellor yesterday.
Mortgage lenders warn that higher rates here to stay
Sir Tom McKillop, chairman of Royal Bank of Scotland, has mounted a robust defence of the bank's board, insisting it is not made up of "patsies".
Royal Bank of Scotland defends rights issue
Speculation is mounting that Barclays and HBOS will need to follow Royal Bank of Scotland in tapping shareholders for cash amid pressure from regulators on banks to plug an estimated 37bn hole in their capital cushions.
Will Barclays and HBOS have to tap up investors next?
The chairman and chief executive of Citigroup were heckled and booed at the financial giant's annual shareholder meeting yesterday. The rest of the board was assailed for pocketing giant pay packages while the company lost billions of dollars on sub-prime mortgages.
Citigroup chiefs booed by irate investors
Merrill Lynch raised a further $7.3 billion (3.65 billion) yesterday by selling bonds and preferred shares to boost its capital reserves after the $6.5 billion hit it took in the first quarter from the credit crunch.
Merrill Lynch raises extra $7.3bn to boost depleted funds
UBS bankers dumped half a billion dollars of "toxic" sub-prime mortgage securities on a client to boost revenues and secure their "extraordinary bonus payments" with no regard for the consequences, a letter of claim seen by The Daily Telegraph alleges.
UBS 'dumped its loans on us' - client
One of Britain's most high-profile fund managers has opted to "sit on the sidelines" in cash as a result of the ongoing market turmoil sparked by the credit crunch.
Alliance trusts in cash amid turmoil
The US Securities and Exchange Commission is to ban ratings agencies from consulting with investment banks whose products they rate in a bid to clean up the business in the wake of the continued credit crisis.
SEC rules will make ratings agencies more accountable
China's stock market has lost half its value since October in one of the most spectacular bear markets of the last half century, eliminating $2.5 trillion (1.25 trillion) of paper wealth. The Shanghai Composite briefly fell below the key psychological level of 3,000 yesterday, down 50pc from its peak.
Chinese stock exchange investors suffer from spectacular bear market
It was the scenario that 150 million Chinese investors thought would never happen, not before the 'Big Party' to celebrate the country's emergence as a global economic power. They were wrong.
China's bubble bursts
The administrators of collapsed broker Global Trader Europe (GTE) have launched a thorough investigation into the company's affairs - including whether there was any suggestion of wrongful and fraudulent trading.
Probe into Global Trader Europe is launched
Kyoto
- 23 Apr 2008 02:25
- 4 of 43
| NIKKEI 225 | AUSTRALIA ASX200 | SHANGHAI | HANG SENG |
Kyoto
- 23 Apr 2008 02:27
- 5 of 43
Greystone
- 23 Apr 2008 05:48
- 6 of 43
Good morning traders!
In Asia today, the Hang Seng ended the morning up 217.14 points at 25,156.29,
while the Nikkei was recently ahead 100.6 points at 13,648.42.
New York's main oil futures contract, light sweet crude for delivery in June, rose 7
cents to $118.14 per barrel.
Happy trading!
G.
In Asia today, the Hang Seng ended the morning up 217.14 points at 25,156.29,
while the Nikkei was recently ahead 100.6 points at 13,648.42.
New York's main oil futures contract, light sweet crude for delivery in June, rose 7
cents to $118.14 per barrel.
Happy trading!
G.
Kyoto
- 23 Apr 2008 06:48
- 7 of 43
BROKERWATCH RBS cut to 'reduce' from 'hold' at Dresdner KleinwortOUTLOOK GlaxoSmithKline Q1 restructuring charges main focus for analystsOUTLOOK Richemont set for higher FY 2007/8 sales; focus on BAT stake spin-offOUTLOOK Lonmin may announce further cuts in 2008 platinum sales forecastTFN UK calendar and forecasts for todayTFN economic and business calendarThomson Financial Europe AM at a glance share guide: Stocks mixed; oil surges
Kyoto
- 23 Apr 2008 06:59
- 8 of 43
Kyoto
- 23 Apr 2008 07:14
- 9 of 43
Kyoto
- 23 Apr 2008 07:29
- 10 of 43
Kyoto
- 23 Apr 2008 07:54
- 11 of 43
Kyoto
- 23 Apr 2008 07:59
- 12 of 43
Kyoto
- 23 Apr 2008 08:20
- 13 of 43
Kyoto
- 23 Apr 2008 08:40
- 14 of 43
Kyoto
- 23 Apr 2008 08:45
- 15 of 43
Kyoto
- 23 Apr 2008 08:50
- 16 of 43
Kyoto
- 23 Apr 2008 09:01
- 17 of 43
Kyoto
- 23 Apr 2008 09:11
- 18 of 43
Kyoto
- 23 Apr 2008 09:21
- 19 of 43
Kyoto
- 23 Apr 2008 09:27
- 20 of 43
Kyoto
- 23 Apr 2008 09:42
- 21 of 43
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