Markets
London - UK stocks hit a near 10 month closing low on Tuesday, led by miners and banking stocks, as risk appetite was hurt by renewed concerns over the strength of global recovery and Europe’s debt problems. The FTSE100 closed 157.46 points lower at 4914.22, its lowest close since September 4 2009, and its biggest one day percentage fall since May 14 2010.

Posted: June 30th, 2010 under Asset Management.
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Markets
London - Stocks rose on Monday as gains for miners and improved sentiment over a global economic recovery more than offset weakness in bank stocks, after a disappointing trading update from Standard Chartered. The FTSE100 closed 25.21 points higher at 5071.68. Mining stocks rose after having fallen as much as 9 percent over the last four days, and along with base metal prices firming as copper climbed towards its highest level in almost a month on Monday. Fresnillo rose 4.9 percent, topping the gainers list, while Antofagasta and Anglo American rose 2.5 and 2 percent respectively.

Posted: June 29th, 2010 under Asset Management.
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Markets
New York - US stocks closed slightly lower on Friday with the Dow Jones losing 8.99 points to close at 10143.81. Financial stocks rallied on relief that the new version of the Wall Street reform bill is less restrictive than had been expected, but the broader market was mixed at the end of a down week on Wall Street. The S&P500 closed 3.07 points higher at 1076.76 and the Nasdaq added 6.06 points to close at 2223.48.

Posted: June 28th, 2010 under Asset Management.
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Markets
London - The FTSE 100 fell 78.29 points to 5,100.23 yesterday. BHP Billiton and Rio Tinto Group declined amid concern that a change in leadership of the Australian government may delay an agreement on a proposed profit tax for mining companies. Dana Petroleum sank 7.8% after the oil explorer said two wells won’t produce hydrocarbons.

Posted: June 25th, 2010 under Asset Management.
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Markets
London - The FTSE 100 dropped 68.46 points to 5178.85 yesterday following a sell-off in commodity related shares and the weak housing data from the US. Volume was low as attention turned to England’s final qualifying match against Slovenia at the World Cup and by full time the index was near a two week low. Miners weighed heavily as metal prices went weaker, although Rio Tinto and BHP Billiton did reverse losses briefly as Australian Prime Minister Kevin Rudd said he faced a leadership challenge – he has since been replaced by Julia Gillard. Wolseley was the biggest single faller, off 5.2%, as a result of the US housing data from today and Tuesday.

Posted: June 24th, 2010 under Asset Management.
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