Contrarian Investor UK

Pro austerity party narrowly wins Greek election

Pro austerity party narrowly wins Greek election

1 mins. to read

The pro austerity, centre right, New Democracy party narrowly gained a majority following yesterday’s Greek election sending Asian markets higher overnight. The party was showing a 29.7% share of the vote versus 26.9% for the left wing, anti-austerity Syriza party. So a relief rally is on the cards. FTSE 100 futures are up 40 points…

Steady start to trading expected despite Wall Street sell off

Steady start to trading expected despite Wall Street sell off

0 mins. to read

With the Dow Industrials closing down 143 points at 12,411, expectations last night were for another weak start on European markets as they closed before the major sell of on Wall Street. However, FTSE futures are holding up, barely changed from yesterday’s close and Wall Street futures are up around 30 points. The debate continues…

Bernanke testimony dampens market mood

Bernanke testimony dampens market mood

10 mins. to read

The US market fell off its highs, Asian stocks are down overnight and European futures are down because of Ben Bernanke’s comments to Congress yesterday which gave little indications of significant Federal Reserve intervention in the short term. The volatility is likely to continue today and next week as the European problem remains unresolved and…

Dell and Hewlett Packard show mixed fortunes of PC market

Dell and Hewlett Packard show mixed fortunes of PC market

2 mins. to read

After a series of disappointments during 2011, results from Hewlett Packard and Dell over the last 2 days show the pressure being felt by the traditional PC manufacturers as consumers increasingly purchase Apple and Samsung products. Dell shares dropped 17% yesterday to $12.50 after poor results and a weak outlook for the remainder of 2012…

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