BetOnMarkets.com
BetOnMarkets Weekly Briefing
Contents This Week:
Economic calendar for week 27th April - 1st May 2009.
Commentary: The week ahead.
Advertisement.
Economic Calendar for week 27th April - 1st May 2009
**Note: All times GMT, not DST**
Monday April 27th:
GE - 06:00 - GfK Consumer Climate.
UK - 08:30 - BBA Mortgage Approvals.
EU - 16:45 - ECB President Trichet Speaks.
Tuesday April 28th:
UK - 08:00 - CBI Realise Sales.
US - 13:00 - S&P/ CS Composite-20 HPI Y/Y.
US - 14:00 - CB Consumer Confidence.
US - 14:00 - Richmond Manufacturing Index.
Wednesday April 29th:
EU - 08:00 - M3 Money Supply Y/Y.
EU - 08:00- Private Loans Y/Y.
EU - 09:00 - Consumer Confidence.
US - 12:30 - Advance GDP Price Index Q/Q.
US - 14:30 - Crude Oil Inventories.
US - 18:15 - FOMC Statement.
US - 18:15 - Federal Funds Rate.
UK - 23:01 - GfK Consumer Confidence.
Thursday April 30th:
UK - 06:00 - Nationwide HPI M/M.
GE - 07:55 - Unemployment Change.
EU - 09:00 - CPI Flash Estimate Y/Y.
EU - 09:00 - Unemployment Rate.
US - 12:30 - Unemployment Claims.
US - 12:30 - Core PCE Price Index M/M.
US - 12:30 - Employment Cost Index M/M.
US - 12:30 - Personal Spending M/M.
US - 12:30 - Personal Income M/M.
US - 13:45 - Chicago PMI.
US - 14:30 - Natural Gas Storage.
Friday May 1st:
Bank holiday France, Switzerland, Germany & Italy.
UK - 08:30 - Manufacturing PMI.
UK - 08:30 - Net Lending to Individuals M/M.
UK - 08:30 - Mortgage Approvals.
US - 13:55 - Revised UoM Consumer Sentiment.
US - 13:55 - Revised UoM Inflation Expectations.
US - 14:00 - Revised UoM Inflation Expectations.
US - 14:00 - ISM Manufacturing PMI.
US - 14:00 - ISM Manufacturing Prices.
US - 14:00 - Factory Orders M/M.
EU - Europe wide
FR - France
UK - United Kingdom
US - United States
GE - Germany
The week ahead.
After a disastrous start to the week, financial markets rallied well on
Friday to close the week unchanged or slightly up. The CAC, DAX and FTSE
closed the week up 0.4%, 0.73% and 1.65% respectively. The S&P 500 and Down
closed the week down 0.23% and 0.65%, with the strongest performance coming
from the Nasdaq 100 which rose 3.24%, its 7th winning week on the trot. The
Nasdaq was buoyed by strong performances from Ebay, and Microsoft. Amazon
also continued its incredible run in the face of the bear market, since the
November lows it has risen 141.11%.
In keeping with the theme of the last few months, most of the movements last
week were led by sentiment concerning the banking sector. The week started
badly on fears that US banks might fail the stress test, and ended
positively when it emerged that it was likely that all had passed. However,
the release of the stress tests seemed to bring more questions than answers
with many believing that the test wasn’t particularly stressful. Some
analysts point out that the ‘adverse’ conditions tested do not go anywhere
near far enough. The suspicion is that the US treasury didn’t want any
further shocks to rock the financial sector, a decision that may come back
to haunt them.
As expected, the budget was the focus of analysis in the UK last week. The
FTSE was largely unaffected by the budget with most companies gathering
their earnings from across the globe, not just the UK. Currency markets were
the most volatile as traders reacted to the announcement that UK borrowing
will hit a peacetime record of £175bn, or 12% of GDP. Darling surprised many
by adjusting his forecast for UK growth for 2009 downwards to -3.5%. This
puts the treasury’s forecast in line with other institutions such as the
IMF, but Darling’s forecasts for 2009 and 2011 are still far more optimistic
than any other outside organisation other than the Bank of England.
Considering how inaccurate the government’s forecasts have been so far, it
is little wonder that currency traders didn’t believe a word of it, and sold
the pound aggressively against the euro, dollar and yen. The pound gave back
all the gains made against the euro last week as UK GDP figures released on
Friday showed that Darling’s projections may already be overly optimistic.
Increasingly a barometer of global economic confidence, June crude oil
contracts closed the week above $51, while curiously; natural gas futures
continued their down trend closing the week at $3.37, some 75% down from the
peak last June. Gold endured a better week, closing up significantly for the
first time in five weeks. The highlights for the coming week include the
FOMC statement on Tuesday and ISM manufacturing on Friday. The UK has a
number of economic announcements, including the UK Nationwide house price
index on Wednesday, and the Halifax House price index also expected at some
point in the week. Although questions remain over accounting tricks employed
by banks and the depth of the stress test from the US government, there
could be room for more upside next week on US markets.
A one touch trade predicting that the Dow Jones will hit 8204 in the next 7
days, could return 21% at BetOnMarkets.com.
Advertisement
One simple rule that could help spot companies "about to rocket"...
Dear BetOnMarkets Clients,
Analysts in the media recently talked about how they may be seeing the
"green shoots" of economic recovery on the horizon.
Me, I don't tend to pay much attention to the media. Over my 35 years of
investing in the small cap market I've learnt there are always opportunities
to profit, recession or not.
If I'm honest, it's times like this when the best profits are often made.
When else do great companies get so cheap?
The trick is to be able to spot them.
And that is what this unique selection strategy helps me do. I'd like to
show you how it could help you too...
Right now, each of the three shares revealed in this report are massively
oversold. They're poised to bounce back. FAST.
If you're looking to make back some recent losses in your portfolio, THIS
could be your best chance.
Click here and see for yourself.
Regards
Tom Bulford
Editor
Red Hot Penny Shares
P.S. You don't get many chances like this as an investor. The market went up
for 5 years. Many stocks were expensive. Now, all share are down, the good
and the bad. Well guess what? There are plenty of amazing small stock
bargains out there for the taking right now. Let me show you how to spot
them.
This promotion contains forecasts. Forecasts are not a reliable indicator of
future results. Your capital is at risk when you invest in shares - you can
lose you some or all of your money, so never risk more than you can afford
to lose. Shares recommended in Red Hot Penny Shares are small company
shares. These can be relatively illiquid and hard to trade making them
riskier than other investments. Always seek personal advice if you are
unsure about the suitability of any investment. A full portfolio is
available on request. Profits from share dealing are a form of income and
subject to taxation. Tax treatment depends on individual circumstances and
may be subject to change in the future. Editors or contributors may have an
interest in shares recommended. Fleet Street Publications is a member of the
Financial Ombudsman Service compensation scheme. Full details of our
complaints procedure are available on request.Red Hot Penny Shares is issued
by Fleet Street Publications Ltd. Registered office 7th Floor, Sea
Containers House, Upper Ground, London SE1 9JD. Customer services: 020 7633
3600. Registered in England and Wales No 1937374. VAT No GB629 7287 94.
Fleet Street Publications is authorised and regulated by the Financial
Services Authority FSA No 115234. FSA Register
© 2009 Fleet Street Publications Ltd.
BetOnMarkets Disclaimer can be read at:
BetOnMarkets - The World of Financial Trading
er
The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material. Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you are not the
intended recipient, please delete the material from any computer.
This email is provided as a source of information only and not provided as
investment, tax or legal advice. Not all products are available in all
countries, and nothing within the email is an offer or solicitation to buy
or sell services in any jurisdiction where their offer or sale is not
qualified or exempt from registration. The information provided is obtained
from sources deemed to be reliable. Regent Markets and its affiliated
companies do not guarantee the accuracy or completeness of the information
or make any warranties, express or implied, with regard to the results
obtained from its use.
BetOnMarkets Weekly Briefing
Contents This Week:
Economic calendar for week 27th April - 1st May 2009.
Commentary: The week ahead.
Advertisement.
Economic Calendar for week 27th April - 1st May 2009
**Note: All times GMT, not DST**
Monday April 27th:
GE - 06:00 - GfK Consumer Climate.
UK - 08:30 - BBA Mortgage Approvals.
EU - 16:45 - ECB President Trichet Speaks.
Tuesday April 28th:
UK - 08:00 - CBI Realise Sales.
US - 13:00 - S&P/ CS Composite-20 HPI Y/Y.
US - 14:00 - CB Consumer Confidence.
US - 14:00 - Richmond Manufacturing Index.
Wednesday April 29th:
EU - 08:00 - M3 Money Supply Y/Y.
EU - 08:00- Private Loans Y/Y.
EU - 09:00 - Consumer Confidence.
US - 12:30 - Advance GDP Price Index Q/Q.
US - 14:30 - Crude Oil Inventories.
US - 18:15 - FOMC Statement.
US - 18:15 - Federal Funds Rate.
UK - 23:01 - GfK Consumer Confidence.
Thursday April 30th:
UK - 06:00 - Nationwide HPI M/M.
GE - 07:55 - Unemployment Change.
EU - 09:00 - CPI Flash Estimate Y/Y.
EU - 09:00 - Unemployment Rate.
US - 12:30 - Unemployment Claims.
US - 12:30 - Core PCE Price Index M/M.
US - 12:30 - Employment Cost Index M/M.
US - 12:30 - Personal Spending M/M.
US - 12:30 - Personal Income M/M.
US - 13:45 - Chicago PMI.
US - 14:30 - Natural Gas Storage.
Friday May 1st:
Bank holiday France, Switzerland, Germany & Italy.
UK - 08:30 - Manufacturing PMI.
UK - 08:30 - Net Lending to Individuals M/M.
UK - 08:30 - Mortgage Approvals.
US - 13:55 - Revised UoM Consumer Sentiment.
US - 13:55 - Revised UoM Inflation Expectations.
US - 14:00 - Revised UoM Inflation Expectations.
US - 14:00 - ISM Manufacturing PMI.
US - 14:00 - ISM Manufacturing Prices.
US - 14:00 - Factory Orders M/M.
EU - Europe wide
FR - France
UK - United Kingdom
US - United States
GE - Germany
The week ahead.
After a disastrous start to the week, financial markets rallied well on
Friday to close the week unchanged or slightly up. The CAC, DAX and FTSE
closed the week up 0.4%, 0.73% and 1.65% respectively. The S&P 500 and Down
closed the week down 0.23% and 0.65%, with the strongest performance coming
from the Nasdaq 100 which rose 3.24%, its 7th winning week on the trot. The
Nasdaq was buoyed by strong performances from Ebay, and Microsoft. Amazon
also continued its incredible run in the face of the bear market, since the
November lows it has risen 141.11%.
In keeping with the theme of the last few months, most of the movements last
week were led by sentiment concerning the banking sector. The week started
badly on fears that US banks might fail the stress test, and ended
positively when it emerged that it was likely that all had passed. However,
the release of the stress tests seemed to bring more questions than answers
with many believing that the test wasn’t particularly stressful. Some
analysts point out that the ‘adverse’ conditions tested do not go anywhere
near far enough. The suspicion is that the US treasury didn’t want any
further shocks to rock the financial sector, a decision that may come back
to haunt them.
As expected, the budget was the focus of analysis in the UK last week. The
FTSE was largely unaffected by the budget with most companies gathering
their earnings from across the globe, not just the UK. Currency markets were
the most volatile as traders reacted to the announcement that UK borrowing
will hit a peacetime record of £175bn, or 12% of GDP. Darling surprised many
by adjusting his forecast for UK growth for 2009 downwards to -3.5%. This
puts the treasury’s forecast in line with other institutions such as the
IMF, but Darling’s forecasts for 2009 and 2011 are still far more optimistic
than any other outside organisation other than the Bank of England.
Considering how inaccurate the government’s forecasts have been so far, it
is little wonder that currency traders didn’t believe a word of it, and sold
the pound aggressively against the euro, dollar and yen. The pound gave back
all the gains made against the euro last week as UK GDP figures released on
Friday showed that Darling’s projections may already be overly optimistic.
Increasingly a barometer of global economic confidence, June crude oil
contracts closed the week above $51, while curiously; natural gas futures
continued their down trend closing the week at $3.37, some 75% down from the
peak last June. Gold endured a better week, closing up significantly for the
first time in five weeks. The highlights for the coming week include the
FOMC statement on Tuesday and ISM manufacturing on Friday. The UK has a
number of economic announcements, including the UK Nationwide house price
index on Wednesday, and the Halifax House price index also expected at some
point in the week. Although questions remain over accounting tricks employed
by banks and the depth of the stress test from the US government, there
could be room for more upside next week on US markets.
A one touch trade predicting that the Dow Jones will hit 8204 in the next 7
days, could return 21% at BetOnMarkets.com.
Advertisement
One simple rule that could help spot companies "about to rocket"...
Dear BetOnMarkets Clients,
Analysts in the media recently talked about how they may be seeing the
"green shoots" of economic recovery on the horizon.
Me, I don't tend to pay much attention to the media. Over my 35 years of
investing in the small cap market I've learnt there are always opportunities
to profit, recession or not.
If I'm honest, it's times like this when the best profits are often made.
When else do great companies get so cheap?
The trick is to be able to spot them.
And that is what this unique selection strategy helps me do. I'd like to
show you how it could help you too...
Right now, each of the three shares revealed in this report are massively
oversold. They're poised to bounce back. FAST.
If you're looking to make back some recent losses in your portfolio, THIS
could be your best chance.
Click here and see for yourself.
Regards
Tom Bulford
Editor
Red Hot Penny Shares
P.S. You don't get many chances like this as an investor. The market went up
for 5 years. Many stocks were expensive. Now, all share are down, the good
and the bad. Well guess what? There are plenty of amazing small stock
bargains out there for the taking right now. Let me show you how to spot
them.
This promotion contains forecasts. Forecasts are not a reliable indicator of
future results. Your capital is at risk when you invest in shares - you can
lose you some or all of your money, so never risk more than you can afford
to lose. Shares recommended in Red Hot Penny Shares are small company
shares. These can be relatively illiquid and hard to trade making them
riskier than other investments. Always seek personal advice if you are
unsure about the suitability of any investment. A full portfolio is
available on request. Profits from share dealing are a form of income and
subject to taxation. Tax treatment depends on individual circumstances and
may be subject to change in the future. Editors or contributors may have an
interest in shares recommended. Fleet Street Publications is a member of the
Financial Ombudsman Service compensation scheme. Full details of our
complaints procedure are available on request.Red Hot Penny Shares is issued
by Fleet Street Publications Ltd. Registered office 7th Floor, Sea
Containers House, Upper Ground, London SE1 9JD. Customer services: 020 7633
3600. Registered in England and Wales No 1937374. VAT No GB629 7287 94.
Fleet Street Publications is authorised and regulated by the Financial
Services Authority FSA No 115234. FSA Register
© 2009 Fleet Street Publications Ltd.
BetOnMarkets Disclaimer can be read at:
BetOnMarkets - The World of Financial Trading
er
The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material. Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you are not the
intended recipient, please delete the material from any computer.
This email is provided as a source of information only and not provided as
investment, tax or legal advice. Not all products are available in all
countries, and nothing within the email is an offer or solicitation to buy
or sell services in any jurisdiction where their offer or sale is not
qualified or exempt from registration. The information provided is obtained
from sources deemed to be reliable. Regent Markets and its affiliated
companies do not guarantee the accuracy or completeness of the information
or make any warranties, express or implied, with regard to the results
obtained from its use.
