In the past few weeks we have highlighted how the FTSE has broken through its previous bullish trading channel, red region. We mentioned at the time however that a trend line break does not necessarily equal a trend change, and that often a period of consolidation occurs following a break of this nature. Consolidation areas…
Cantor Opening Call The FTSE is called to open around unchanged to a little higher today UK Corporate Announcements Whitbread details that total sales gained 14.3% and that the environment remains challenging, but stays on track to meet its full year targets Domino Printing states that it remains optimistic about its prospects…
UPDATE – Apple shares just come in $10 easier at $522 – real battle going on in the market today. We are sat waiting in the wings for the buy down if they get towards the $500 level… At face value, the so called “death cross” (when the 50 day simple moving average crosses down…
The reality of the terrible financing situation in the UK for many small and medium sized firms at present is very clear in the markets when you look at volumes and the share prices of the harder to finance smaller firms. The bank loan markets, for so long the source of the majority of funding,…
10 Dec 2012 Cantor Opening Call The FTSE is seen starting the week up around 10 points higher UK Corporate Announcements AG Barr announces 18 week revenues of gained 9% and that margins have performed in line with the expectations Greggs announces that its CEO is to resign, to take up a…
Monday, December 10, 2012 UK Reporting:- Barr (A.G.) Plc, BAG, (R), Astrazeneca Plc, AZN, (Oth), Glaxosmithkline Plc, GSK, (Oth), International Personal Finan, IPF, (Pr), Polar Capital Technology Tr, PCT, e, (CC), Schroder Oriental Income, SOI, (SM), Sdl Plc, SDL, (SM) S&P 500 Reporting:- None Detailed Euro Stoxx 600 Reporting:- None Detailed Economic Data:- 09:30 Eurozone December Sentix Investor…
A couple of blogs ago I focused on various mining stocks but missed out the technical setup at Anglo American (AAL) and which is of all the more interest since the announcement by the CEO of some five years standing, Cynthia Carroll, that she is heading for the exit. Of course, the situation in terms…
An RNS announcement out just before midday Resignation of Director Bumi plc (“Bumi”) announces that Indra Bakrie, a director and co-chairman of Bumi, has resigned with immediate effect. In his letter to the Bumi board of directors Mr Bakrie stated that because the initial objective of the Bakrie Group in pursuing a London listing had…
And so John Walsh, a client services executive who is currently studying to become a Black Taxi Cab driver, has beaten seven other competitors to win City Index’s Trading Academy. The Trading Academy competition took place over six weeks, as eight aspiring traders with little or no trading experience battled it out to win a…
The U.S. payrolls headline number was reported better than expected in November with the creation of 147,000 jobs, beating the consensus estimate of just 80,000. It seems economists had overestimated the effects of Hurricane Sandy on the jobs market and which in fact had limited effects albeit mostly due to the accounting treatment of data.…
