CLICK THE VIDEO IMAGE ABOVE TO VIEW MY VIDEO The financial crisis of 2007-8 was a strange affair. Perhaps not so much that it happened, most of us could tell that there was an asset bubble ready to burst, but in the manner of its treatment by the financial authorities. There was to my mind…
European stock futures rise ahead of the open, rebounding slightly from the previous day’s heavy selloff. Asian shares however were playing catch-up overnight, falling for the fourth day amid concern the Federal Reserve’s plan to cut stimulus and as China growth stalled. Emerging-markets are off to the worst start to a year since 2009, with…
“We have always had a position in gold. When you think about the largest central banks in the world, they have all moved to unlimited printing ideology. Monetary policy happens to be the only game in town. I am perplexed as to why gold is as low as it is. I don’t have a great…
Risers: Elementis +3.25% Elementis PLC has today revealed that Andrew Duff has been appointed as non-executive chairman for the firm, effective from April 24. Andrew Duff will leave his non-executive chairman position at Severn Trent to replace Ian Brindle. Nova Resources +19.74% Investment company Nova Resources has today revealed that Enerstry Co Limited, which Nova…
Vladimir Kim And so we are back to our “favourite” stock again – the enigma that is Kazakhmys and that has been the cause of copious amounts of pain here… Every financial site/commentator has one or two – companies or markets they get spectacularly wrong and where the fundamentals appear, the lower (or in reverse…
Manufacturing activity in China contracted in January, for the first time in six months and signalling that the high-flying Chinese economy may be preparing for a hard landing sooner rather than later. Confirming this cooling in the economy is the most recent GDP growth rate which was announced at 7.7% last Monday, actually the slowest…
Asian equity benchmarks encountered one of the toughest sessions last night since June, with investors suffering a failure of confidence in response to losses and elevated volatility from emerging markets-linked instruments. The CBOE emerging markets ETF VIX jumped 40 per cent as dealers scrambled for protection from derivatives. And the fear hasn’t been isolated. European…
“Those who do not learn from history are doomed to repeat it” – George Santayana It does not matter if your investment choices are driven by fundamental or technical factors, you have to respect history. Take big market corrections. Societe Generale produced this fascinating chart in the last couple of weeks on the number of…
I was reminded yesterday by the founder of Spreadbet Magazine how much he likes trading “problematic” stocks such as Kazakhmys (KAZ). But not far behind on the difficult curve are oil & gas stocks, even the relatively large companies and which I am going to look at on a technical basis here. First up is…
The growing Asian credit crisis continues to weigh on regional shares with the MSCI Asia Pacific index set to record its longest run of weekly losses in more than 18 months. The MSCI equity gauge lost over 1% in value last night, setting the index on course for a fourth weekly decline as signs of…
