Following the Fed’s announcement of (yet) another round of quantitative easing, global stock markets responded with a resounding “yes, thank you” at the end of last week. The chart below shows the S&P 500 since September 2008 and the yellow areas mark the beginning to end of the prior quantitative easing programs. Even though two…
Peter Cumming, formerly of HBOS It is very lucky today that I am going to work early enough to avoid breakfast, otherwise on reading the paper I may have choked on this from the Telegraph: “In a statement Mr Cummings said he rejected the FSA’s findings but would not be appealing the fine. He said: “Many…
We posted back in July that the correlation between UK QE and the UK stock markets was likely to be broken as four rounds of QE have now been completed and yet the primary increase in asset prices had been completed after the second round, last year. Indeed in July and August of this year…
1. Kerry Packer’s “Toss you for it”The late Australian media tycoon Kerry Packer was an inveterate gambler who is believed to have lost up to $40 million (£25 million) in just 10 months, including almost $28 million during a three-week losing streak in London in 1999.However, there is one bet for which he will always…
So, we may just have averted a new eurozone-related financial crisis. I’m referring here to the German constitutional court’s decision to dismiss attempts to block the creation of the eurozone’s 500 billion bail-out fund – the European Stability Mechanism (ESM). The ECB is seen by many in Germany, including the president of the Bundesbank – and…
We think it’s time to take some risk off the table today and book some useful profits. Accordingly the following positions are adjusted/closed – 1. Kazakhmys swing long trade trade has been closed at 748p for a nice 90p gain. 2. ENRC – half the position has been sold @ 354p and we raise our…
The FOMC meeting ended yesterday with the decision to (yet) unfold another round of quantitative easing – QE3 – as widely expected by many. The Federal Reserve stated in its press release that the committee has agreed to increase policy accommodation by purchasing additional mortgage-backed securities at the pace of $40 billion per month. According…
For more research & Technical Analysis from Cantor Index click here to register. UK Corporate Announcements JD Wetherspoon announces a full year profit of £44.5m on sales of £1.2bn just ahead of the expectations and aims for a reasonable year Domino Printing states that it stays cautious about market conditions and that confidence amongst Chinese manufacturers has fallen UK…
For more research & Technical Analysis from Cantor Index click here to register. UK Corporate Announcements Next announces H1 pre-tax profit of £251m just ahead of the analysts estimates on revenues of £1.64bn and states that it made a better than expected start to the year and maintains its full year targets Kier Group states that it expects trading…
