Apart from the weather, the highlight of the Easter break in the UK just had to be the comment by Iain Duncan Smith that he could live off £53 a week. Now, I am sure that the Secretary of State for Work and Pensions could indeed survive for a week or two (and likely lose…
Staring into a bottomless pit! Anybody who has been trying to buy value down in the mining sector in recent days has been taught a lesson in just how much markets can overshoot. The moves in ENRC & KAZ this morning are something else… This smells ominously like a capitulation low to me what with…
FTSE 100 called to open -15pts, with Asian bourses mixed overnight despite Wall Street pushing to new record highs (note: fueled by defensives) and concerns on Cyprus receding, but with worrying sabre-rattling continuing on the Korean peninsula. Japan’s Nikkei outperformed on expectations that tomorrow’s BoJ policy meeting could provide aggressive monetary easing (boosting asset purchases). In Australia, equities weak despite an improved trade balance. Key macro data overnight comprised updates…
Michael Steinberg The U.S. Securities and Exchange Commission (SEC) continues to nip at Steve Cohen, the hedge fund billionaire and CEO of the $16 billion company SAC Capital’s heels. Last week, the Feds arrested one Michael Steinberg, a former SAC portfolio manager and trusted lieutenant of Stevie at his multi-million dollar apartment in New…
Freeze public sector pensions Increase the statutory retirement age by 2 years for the various categories of employees Reduce preferential treatment of specific groups of employees, like members of the army and police force, in the occupational pension plans, in particular concerning the contribution to the lump-sum benefits; Reduce certain benefits and privileges for state officials…
20 Tickets for the UK’s Top Investor Show – Just for Spreadbet Magazine Readers! The UK’s top investor show is taking place in less than two weeks’ time at Excel in London on April 13th. Featuring investment legends such as Mark Slater, Nigel Wray, Lucian Miers, Nick Leslau, gold guru Dominic Frisbey, Alpesh Patel and…
What a “sad” week it has been for British politics, with the departure of David Miliband – the more talented of the Miliband brothers who is leaving Ol Blighty to join a charity called International Rescue. People (boys of 40 plus) of a certain age will know this from the show Thunderbirds – quite appropriate…
