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Scotsman.com (Free subscription) | 09/10/2008
... progress, rising just 0.7p to 90.7p after being much higher earlier in the day.CMC Markets dealer Jimmy Yates said: "(Today's interbank lending] rate will be closely watched to see if this latest action will help free up credit markets but the Bank of England have said quite openly that a more accommodative monetary policy alone isn't a solution."For the time being, however, any improvement...
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The Herald (Free subscription) | 08/10/2008
... 65% at one stage - eventually closed 24% ahead with RBS less than 1% better off.CMC Markets dealer Jimmy Yates said markets had been "left largely unimpressed, at least in the short term"."The mood did pick up a little as momentum gathered behind the banks ... on the back of that global emergency rate cut. However even this has been short lived," he added.Retailers were given an initial...
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Scotsman.com (Free subscription) | 08/10/2008
... nail-biting session, after swinging from a low of 4,517.5 to a high of 4,745.CMC Markets dealer Jimmy Yates said: "There's still a massive amount of caution in the market and with some of the banks clearly struggling in light of rumours of government intervention perhaps the overall progress is unsurprisingly limited."The miners are enjoying some support, however, as metals prices...
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Scotsman.com (Free subscription) | 07/10/2008
... opened lower, while heavy selling in New York saw markets plunge further in late afternoon trade.Jimmy Yates, a dealer at CMC Markets, said the US Federal Reserve bail-out plan had failed to stimulate the credit markets, and fears over depositors was creating panic among bank investors."All told it's not looking pretty and it does seem as if we may now have to resign ourselves to...
