US has recently witnessed 13,000 layoffs in one day. Citigroup and BP have expected job cuts in the coming week. It has also been analyzed that over a period of 6 months, Britain will face over 600,000 job cuts, our source at Institute of Leadership and Management revealed. US stock markets have been hit hard by poor job market and a further decline in the sect0r. Recently Lloyds have laid off 650 employees and another 400 employees are expected to be laid off in the coming week. BAE factory closure also cost 260 jobs which has but skilled labours questioning their expertise.
June 2010 has seen only 10,000 graduate jobs in private sector which is not economic friendly. The jobs should be provided to individuals without job market laying off employees on the other hand. The jobs are available to companies with outsourcing license because many companies are laying off employees would rely on outsource. The unemployment is not expected to recover soon but it can be expected from government to take necessary measures to create employment and help the stock markets to recover which is also hit hard by the current economic situations.


FTSE has dropped to nearly 10 month low. The FTSE 100 is currently at 4,790 points and is still predicted to fall but analysts believe that the market will soon recover and will reach to 5,480 points. The matter of fact is that BP shares are on the rise which is not possible for investors to digest. The market falling and the BP shares rising is creating a panic in the market and investors are not sure about the future of the FTSE. The best time considered for new investors to enter market is now because the rates are lower and the shares prices are least. The investment sector should be targeted by previous market data prioritizing the airlines sector, food sector and energy sector. These sectors are predicted to give maximum returns on investments because their portfolio and market history have shown profits previously after decline. Investment in banking sector should be avoided because banks are also pulling their shares away from the market due to declining market and riskier investments.
The recent declining stock and forex markets have increased the gold price. The gold price trend as seen by senior analysts will continue to increase in the month of July and August. Analysts predicted that gold will reach $1261 giving it a 2.2% increase this month. The gold selling have been witnessed around the world in large quantity.
Euro dips 0.2 pct to $1.2345 which is another negative day for eurozone. The Swiss franc also hit high against euro but this news will short live because analysts have predicted euro to incline in the month of July and will keep on rising till October. The investors are advised to buy euros now and sell in the month of September which will earn you a 20% gain on investments.
Recently the energy market has witnessed rise in oil prices. The international oil price has reached to almost $3 and is expected to rise in the coming week. Similarly diesel prices have also increased to 5 cents leading it to $3.08. Analysts have confirmed that the future of the energy sector is at stake as energy consumption has increased and BP crises have hit hard the world markets’ energy sector and the losses faced by the company would worsen the market.
After the statement of President Obama, “We Will Make BP Pay” the grounds for BP is under heat since BP had to pay $20 billion funds quarterly to help clean sweep the oil spill. The shares market for BP has narrowed down and already witnessed a 18% loss which is likely to fall more in the near future as been predicted by analysts. Since the oil spill, BP has faced serious backlash from big oil rivals. The BP is now on hot seat as it has to face some serious criticism and future bailout plan if the BP shares crash. “The ball will never be in BP’s court” stated Kim Rogers, Financial Analyst of Financiere. The disaster was purely BP’s mistake since the CEO Tony Hayward apologized for the oil spill. The shareholders of BP should keep this in mind that they won’t be able to recover their losses in the near future and the best time to sell the shares is now when BP is somehow managing to show a 0.19% profits. After the fund allocation, the stock market may get affected by 3% in general but BP will face huge losses.
The gasoline prices which were lower for past 8 weeks is now over and the prices will now move be about same as 2009 peak time. The gas prices dropped to almost 8% when the rates decreased to $2.69/gallon whereas gasoline prices in Europe dropped to 2.30 euros/gallon. After the Gulf oil spill, oil prices are likely to rise rapidly in the coming month of July as predicted by financial analysts. The forecast chart for gold and oil prices have been updated since the uneven market changes occurred.
People generally consider Gold as the most safest, secured and highly profitable investments. It is a fact that Gold is very profitable but that is just not the limit. There are investments better than gold which can return more profit overnight or in longer term.
The Euro is currently at 1.1948 U.S. dollars and is expected to fall more till next week. Analysts predicted that euro debt crisis have become a global problem and with that investors are now questioning the strength of euro to be a global reserve currency. The euro have a history of fluctuation and this time the downfall of euro currency was fast hitting the ground rapidly losing it’s essence to attract investors. Those big players who had euro as an investment found the market formula and sold euro at the right time. Here at Financiere, we will help our readers to safely invest in Euro and then sell it at the right time to earn almost 22% profits.
