Author Archives: David

Stock Markets React Badly to Jobs News

By David | Published: August 5, 2010
This afternoon analysts are hastily revising downwards their expectations for tomorrow’s US payrolls report after an unexpected rise in US unemployment claims. Unemployment claims are still well below their 2009 peak, but 2010 has seen no acceleration in the reduction in claims. This doesn’t bode well for tomorrow’s Non Farm Payroll data which is expected to show [...]
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Share Markets: Wall Streets Sees Sharp Rally

By David | Published: August 3, 2010
A barrage of better-than-expected economic data coupled with robust earnings at BNP Paribas and HSBC fuelled a sharp rally on Wall Street this afternoon. Manufacturing in the US has proven to be much more resilient than anticipated, with the latest data from the Institute of Supply Management (ISM) showing a slight decline in activity in July. [...]
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Profit Taking Could Hit US and UK Shares

By David | Published: March 28, 2010
We are now well into 2010 but the stock market is looking a little jaded. We may see the leading indices like the FTSE 100 and Dow Jones move up for a few sessions but risk aversion and profit taking soon come to the fore. While it is difficult to totally agree with such sentiment, it is [...]
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UK Stocks Look Attractive

By David | Published: March 26, 2010
Markets continue to grind higher although the US seemed to have second thoughts after the European close last night. The Dow made a spirited attempt at leaping to 11000 but just ran out of steam at around 10960. The close on the FTSE at 5730 is the highest for 21 months however it is a moot point [...]
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