By Zak Mir. FTSE 100 Oil & Gas Stocks: BG Group, BP, Royal Dutch Shell All stocks looking strong relative to recent WTI weakness below $100. Could they be a leading indicator on Crude Oil recovery? BG (BG.): Implied bullishness after recent 200 day moving average bear traps Likely support towards 50 day moving…
European bourses opened positively today and continued to push all-time highs as investors betted that the FOMC will reaffirm their commitment to its $85 billion monthly bond purchasing amidst a series of data which has indicated that the US economy is still stumbling. For example, monthly pending home sales figures as well as consumer confidence…
The story of the Tower of Babel is one of the classic legends of humanity overreaching itself. Recorded in the Book of Genesis, the Babel story tells of a time when all the people on Earth lived united and shared a common language. They gathered in modern day Baghdad (a.k.a. Babylon) to build a great…
By Filipe R. Costa Earlier in the year, Ben Bernanke gave his infamous “forward guidance” speech. He warned the market that he planned to start tapering before the end of 2013. Everyone was certain this meant an announcement at September’s FOMC meeting, so it came as quite the shock when the Fed eventually decided not…
By Filipe R. Costa When it comes to rationalising the current bull market, the list of incredulous market observers just keeps growing. Earlier in the week I wrote about Robert Shiller’s sharing of this year’s Nobel Prize for Economics. With this in mindm it is worth examining current stock valuations using his seminal work, the…
By Dominic Picarda. It’s late October, a giant storm is brewing in southern England, and the stock market has been bubbly all year. Despite the striking parallels with 1987, I do not think that equities are just about to get blown to smithereens, as they were all those years ago. The present rally since earlier…
Glencore Xstrata and Zanaga Iron Ore Company (ZIOC) have agreed to revise the scope of the Zanaga iron ore project (ZIOP), which will now be advanced on a staged development basis. The lower capex requirement and higher capital efficiency have substantially reduced the project’s execution risk. The feasibility study, due in late Q114, will now…
Risers: Aggreko, +3.56% Aggreko tops the FTSE 100 this morning on the back of increased third quarter revenues. Whilst trading was in-line with expectations, the mobile power company said that its underlying revenues and trading margins in the three months to 30th September were slightly ahead of the same period last year, excluding revenues from…
By Zak Mir. Key FX Crosses: Euro/Dollar: Euro very much alive despite “dead by the end of the year” threats since 2010. U.S. shutdown a focus for bulls of single currency. June rising trend channel based at 20 day moving average at $1.3617 Target towards 2013 resistance line projection as high as $1.44 by end…
