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Investment analysis

What promised to be a better week after a positive first day of trading

ended disappointingly, with the major global stockmarkets finishing the

first week of the third quarter lower.

Further profit warnings, particularly Marconi&#39s, dampened market sentiment

even further.

In the US, a shorter trading week stated positively with encouraging

economic data from the National Association of Purchasing Managers showing

a rise in manufacturing activity.

However, a spate of negative statements from over 20 US companies later in

the week sparked a broad sell-off on Wall Street as the losses spilled over

to all sectors.

US unemployment rose for the second time in three months, giving more

scope for a further Fed cut. The technology sector lost all and more of the

gains made in the previous week, with the Nasdaq 100 index shedding 8.1 per


European markets were rocked on Wednesday as Marconi suspended dealing in

its shares ahead of a poor statement. French telecoms company Alcatel and

Ericsson lost 7.5 per cent and 6.6 per cent respectively.

The euro fell to new lows as the eurozone economic sentiment index slipped

further than analysts had expected.

Technology issues suffered in the UK as Marconi ann-ounced that profits

would be half of what had been expected and that 4,000 jobs would be lost.

The company&#39s share price fell by 58.7 per cent over the week as investors

went heavy on John Mayo, ousting him as chief executive designate.


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Kelly to announce date for N2

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Scottish Mutual works with Census

Scottish Mutual has introduced its income and growth plan, which is available as an individual savings account or as a direct investment.Investors have three options — annual income of 10 per cent, quarterly income of 2.4 per cent or a growth option of 31 per cent payable after three years and two months.The plan buys […]

Fiona Price

W hen the Women&#39s IFA Group, the new industry body, launches in Septemberit will be a culmination of Fiona Price&#39s life work. You could almost seeit as an inevitable result of the decisions she has made up to this point. From establishing her own IFA firm 14 years ago and building it into thecountry&#39s biggest […]

India: are further rate cuts on the horizon?

By Kunal Desai, head of Indian Equities, Neptune Kunal Desai, manager of the Neptune India Fund, discusses the key drivers of the Indian market’s outperformance and why he expects another rate cut, which will likely further support equities.  Read more here Important Information Investment risks The Neptune India Fund may have a high volatility rating […]


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