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Derivatives popular at IPD conference
There was a shift upwards in the Dec 10 Contract, reflecting the increasing optimism about Total Returns for the current calendar year, but little movement in the rest of the curve.
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BGC Partners: Half term holidays slow market
It was a quiet week in the Commercial sector, as the market remained largely unchanged. This brought the recent rally to an end, driven more by the lack of players due to the half term holidays than a change in sentiment.
BGC Partners: McCready gives no relief to housing market
IPD announced their Q3 results this week, reporting that Quarterly Total Returns rose by 2.3%, which means the Quarterly Index has risen by 12.04% so far this year.
Resi derivatives sellers fail to find buyers
It was another quiet week in the Residential sector with pricing under pressure again as sellers failed to find any genuine buyers.
Eurex trading springs to life
It was another buoyant week in the Property Derivative market as the curve pushed ahead strongly as sentiment continued to improve as there seems to be no shortage of cash looking for a home in the underlying market.
Negativity breeds negativity
There was no change in the IPD Curve this week. This reflects the current neurosis in the wider market. Positivity breeds positivity and negativity breeds negativity. It all depends on whom you are talking to
August: A directionless and uncertain market
August is a quiet month. Volumes are thin, people are away. Uncertainty still prevails and the markets lack direction. The minutes of August’s Monetary Policy Committee (MPC) meeting suggested that interest rates are unlikely to change – in either direction – for some time yet.
Bank growth revisions show “increased downside risk”
The Bank of England has revised downwards its 2011 GDP Growth Forecast from 3.4% to 2.5%. This figure may be reduced further later in the year given the effect the government’s austerity measures may have on: employment (despite the recent respite), the banking sector’s propensity to lend (or lack of…
Trading volumes fall as investors “side-tracked”
IPD delivered their Q2 results this week, reporting that UK Total Returns rose by 3.4%, comprising Income Returns of +1.5%, Capital Growth of +1.8% and Cross Product of +0.1% completing the 4th quarter running, with rising capital values amounting to 17%.
Price curve lowers with capital value concerns
The whole price curve moved lower this week as concerns over capital values continue to dominate many investors’ thoughts as sentiment takes a turn for the worse driven by the fragile economic environment.