Asian benchmarks outside of Japan are closing out higher this morning, with the MSCI Asia up 0.7. The yen advanced and safe havens saw outflows, as risk appetite continues to remain buoyant. Equities are once again climbing a wall of worry, where the anticipation and absence of risk-negative events keeps the market stable in line…
The situation in Greece is fast becoming a social tragedy…
PICK OF THE DAY Rio Tinto Plc RIO:LSE BUY Today we’ve picked the Rio Tinto Plc. as our pick of the day. Rio Tinto Plc. is an international mining company. Rio Tinto’s business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, gold, industrial minerals (borates, titanium dioxide and salt), iron ore, thermal and metallurgical coal and…
European shares snap a winning streak, dragged lower following a number of disappointing updates from blue-chip companies. Rolls-Royce and Tate & Lyle battled for the worse FTSE 100 decliner, with shares in RR dropping 16 percent after it emerged US and European spending cuts would halt profit growth in 2014. Tate & Lyle dropped 15…
Risers: Amec +5.22% Amec has revealed they are set to purchase Foster Wheeler AG for a sum of around $3.3bn through a combination of cash and shares after the company signed a definitive agreement. Amec have also timed the statement with the release of its full year earnings which came in 3% higher than last…
CLICK THE VIDEO IMAGE ABOVE TO VIEW The Big 3 FX Crosses It would appear that the Bank of England and ECB want to make life just that little more easy for borrowers to start 2014, as the former has an inevitable date with rising interest rates to cool off the housing bubble and the…
From a 3rd party publication – “You need no experience, credentials, or even common sense to be a financial pundit. Sadly, the louder and more bombastic a pundit is, the more attention he’ll receive, even though it makes him more likely to be wrong” We are saying nothing…
One of the interesting things about investors is how so many become complacent over time. When precious metals like silver were rising steadily, more and more people jumped on the bandwagon. But times have changed. With few people in the media talking about precious metals, I think it’s a good time to take a look…
