Plastic money aggravating superfluous buying

 

Studies have shown that shopping on credit cards doesn’t count as buying with money. Young people at the age of 16-24 are most like to be seen making superfluous buying and being out of money who were actually reported to be savers previously.  Young population falling at the age bracket of 22-24 are still relaying on their parents money and 13% of unemployed population falling on this age bracket is frequently running out of cash.

Money management programs to be adopted

The vulnerability of young people to disturbed financial position due to lack of budgeted living has influenced financial managers to adopt programs that will educate them on money management skills. It is vital to the prosperity and raising standards of living for the youth. Research has found that only 4% of the young population gets guidance on money management from their schools and colleges and rest of them is dependent on parents and friends advices. This money management programs will help in educating the unreached youth sector on budgeting, spending patterns and saving behavior to enhance their quality of life.

Britain Stocks seen to be dropping

Heavy sell-off on the Wall Street and Asian markets has dropped the Britain 100 index.  This disturbed market liquidity was due to the increased oil prices as a result of swelling tensions in Libya which is expected to spread in the whole Middle East. The UK’s blue chip companies were found to be closed 1% lower than the preceding day. Share investors are eagerly waiting February payroll reports expected to be announced on Friday will show the complete picture of employment position and increased hiring by private sector can improve the economic position boosting the share market.

Glencore profits cushioned by commodity prices

World’s largest commodity trader Glencore GLEN.UL is expected to report biggest hit in their annual profit as it arrange for massive stock market listing. Glencore has reported an increase of 42% in the net income approx £955.3 million with the considerable increase in the metal prices. Executives were conducting training session in London to educate equity analyst on UK’s upcoming biggest initial public offering (IPO). It is expected that Glencore would be floating approx 20% or even more of its stock in the London and Hong Kong markets. According to an analyst, when the performance of these expanded miners specifically copper stocks have been analyzed it was found that with the increase in metal prices these miners have reported substantial amount of profits during the year.

Stocks likely to increase with job market surge

As the private companies announces hiring giving its positive impacts on not only the employment structure of the economy but also on the improved position of share prices in the Britain stock market. Investors were despair and were at vulnerable position after the increase in oil prices due to Libya turmoil. It was estimated that 217,000 jobs were added by the private companies against the projected figure of 180,000. It is expected that it will improve the unemployment rate of 9% and will improve the stock market position.