Alistair's Feed
Apr 26, 2013
Apr 25, 2013

Google-based trading strategy would have made big return: study

LONDON (Reuters) – A trading strategy based on changes in the number of times financial phrases are searched on Google could have generated returns in excess of 300 percent over the last decade on the Dow Jones, a study has found.

The findings could prove particularly useful for computer-driven trading firms that use the Internet and Twitter to help gauge investor sentiment.

Apr 25, 2013

Post-Cyprus credit rebound hints at bounce for unloved banks

LONDON, April 25 (Reuters) – A hasty scramble to ditch
European banks after Cyprus took a contentious sovereign bailout
drove some stocks lower than the credit market suggests they
should be, potentially leaving them ripe for a rebound.

The rush for the exit after policymakers proposed forcing
bank deposit holders to help pay for the bailout hit banks
across the euro zone. But, analysts say, it has left value in
stocks such as Santander that have been punished too
severely relative to the market’s pricing of their default risk.

Apr 23, 2013

European shares gain on earnings boost, ECB easing hopes

LONDON, April 23 (Reuters) – European shares rose on
Tuesday, buoyed by strong earnings updates and fresh hopes for
further monetary easing in the region following mixed macro
economic data.

Chip-makers ARM and STMicroelectronics
surged 8.6 percent and 5.7 percent respectively, leading the
gainers in the FTSEurofirst 300 index of leading
shares.

Apr 22, 2013

Banks lead FTSE higher after Italy election

LONDON (Reuters) – The FTSE rallied for a second straight session on Monday, its banks boosted by signs of progress towards a resolution of political deadlock in Italy.

The FTSE 100 rose 30.71 points, or 0.5 percent, at 6,317.30 by 0825 GMT. It is up 1.3 percent since hitting 10-week lows last Thursday.

Apr 22, 2013

Banks lead Britain’s FTSE higher after Italy election

LONDON, April 22 (Reuters) – Britain’s FTSE rallied for a
second straight session on Monday, its banks boosted by signs of
progress towards a resolution of political deadlock in Italy.

The FTSE 100 rose 30.71 points, or 0.5 percent, at
6,317.30 by 0825 GMT. It is up 1.3 percent since hitting 10-week
lows last Thursday.

Apr 21, 2013

UK dividends slump in first quarter due to one-off factors

LONDON, April 22 (Reuters) – UK corporate dividends fell
sharply in the first quarter of 2013 when compared with the
large one-off payouts seen a year ago, although underlying
growth was still solid, a study showed on Monday.

First-quarter dividend payouts totalled 14.1 billion pounds
($21.56 billion), a drop-off of nearly a quarter from 18.8
billion pounds a year earlier, research by British firm Capita
Registrars showed.

Apr 19, 2013
Apr 18, 2013

Glaxo lends support to Britain’s FTSE as banks fall

LONDON, April 18 (Reuters) – Britain’s benchmark FTSE 100
share index steadied near 10-week lows on Thursday,
retracing strong early gains as financials sold off in afternoon
trade, while heavyweight defensive stocks provided underlying
support.

Weakness in financials erased all of a 0.5 percent rise in
morning trade after Morgan Stanley traded lower in New
York following its results, and another batch of weak U.S. data
reflected poorer business conditions.

Apr 18, 2013

FTSE bounces off 10-week lows, led by Glaxo

LONDON (Reuters) – The FTSE 100 rose on Thursday as investors seized on 10-week lows as an opportunity to re-enter the market, with GlaxoSmithKline leading the index higher following the approval of a new drug.

Heavyweight pharmaceutical Glaxo rose 4.2 percent to add the most points to the index after a U.S. panel recommended approval of new lung drug, prompting Deutsche Bank, Natixis and Kepler to raise their target prices for the stock.

    • About Alistair

      "Alistair Smout is working on the Investment and Emerging Markets for Reuters Europe over the summer. He specialises in Africa and Europe."
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