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Morning Commentary; Market Analysis & viewpoints

Simon Denham, Capital Spreads

    

Tuesday 6th January 2009

The FTSE this morning is proving remarkably resilient at present but, having said that, is a little lower than our original calls earlier of around 4600.  The papers couldn’t be any fuller of bad news with firm after firm going to the wall and no indications of the situation improving. Whilst it seems illogical that the market has put on nearly 10% in the last week and isn’t plummeting to new depths . . . more


Articles & Features

In the second in his new series looking at the credit crunch fallout and calls for tighter oversight of the financial services industry, Drew Hillier continues to investigate the issues, speaking to key players and taking soundings around the pressing question of the day: ‘is the 21st Century framework of bank regulation ‘fit for purpose’? 
At this years SIBOS, which found itself understandably preoccupied with the meltdown in the financial system, nigh-on 1,000 delegates packed themselves into the plenary room on the very afternoon of Meltdown Monday....
The global markets have been in somewhat of a tailspin the last several months due to a windfall of events. Problems stemming from the credit crisis and rising inflation have put severe strain on some of the largest economies in the G10. DP has contracted on an annual basis in the US, and the trend of slowing growth has spread to neighboring countries. Foreign Exchange captures the full scope of a country's economic health through the concept of relative value
Drew Hillier talks to George Soros about the Credit Crisis of 2008 and beyond. The billionaire investment guru and hedge fund manager, George Soros, has a remarkable reputation, and - in many minds - a controversial one, for positioning himself on the right side in a crisis. No greater was this sentiment exemplified, and certainly no more firmly welded inexorably into the public consciousness..
If, as the popular saying goes, a week is a long time in politics, then in the case of economics a decade must be an eternity! Markets go up, markets go down, but in June, endless talk of credit crunches, global storm clouds and recessionary pressures was suspended, at least for a day or two, whilst the European Central Bank broke out the bubbly and bunting...
 

 

Making the Headlines

Austria’s Bank Medici – just one of the numerous financial institutions hit by the fraudulent investment scheme perpetrated by Wall Street veteran, Bernard Madoff, – has been taken under the wing of the Austrian state...
Lifting spirits and defying the gloom of the markets, Interdealer broker, ICAP, raised £11 million worldwide on its 16th annual Charity Day recently, beating the £9.2 million raised in 2007 and bringing the total raised to £53 million since 1993...
The European Commission has launched the European Year of Creativity and Innovation 2009. Replete with the slogan 'Imagine. Create. Innovate’, the aim of the year is to raise awareness of the importance of creativity and innovation in personal, social and economic development throughout the European Union...
On Wednesday 10 December, world-leading interdealer broker, ICAP, will be holding its 16th annual global Charity Day, when all company revenues will be donated to over 100 charities around the world...
Hard on the heels of the Bank of England’s one percentage point interest rate cut to a twenty-seven year low, the European Central Bank – responding to official statistics confirming a eurozone-wide recession – has similarly delivered a record reduction for the 15 countries that use the euro from 3.25% to 2.5%...

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