Market Highlights UK markets closed lower on Friday on renewed Eurozone concerns. US equities gave back recent gains on Friday after Microsoft posted its first quarterly loss in 26 years. Asian equities are trading lower this morning amid concerns of a continued slowdown in China, according to a central bank official. Economic Events UK:…
Monday, July 23, 2012 UK Reporting:- African Barrick Gold Plc, ABG, e, (CC), African Barrick Gold Plc, ABG, (R), Bloomsbury Publishing Plc, BMY, (SM), Dialight Plc, DIA, (R), Domino’s Pizza Group Plc, DOM, (R), Domino’s Pizza Group Plc, DOM, (SM), Hammerson Plc, HMSO, (R), Jpmorgan Japan Smaller Co Tr, JPS, (SM), Quintain Estates & Dev…
Let’s take a look at some of the various sentiment indicators we follow. What’s interesting to us is that most of these indicators are still pointing to relative extremes of pessimism, even in the face of the decent rally we have seen in equities in recent weeks. That’s nearly always a good sign for contrarians…
We have covered Bumi briefly before when it was trading around the 500p level in April and in which we opined upon the potential for a run towards the 600p mark. Although we caught a small bounce in the stock to the 550p level, as the chart below illustrates, it has been one way traffic…
I generally only see, no doubt like many traders, what I want to believe. I’d really like the economy to be getting better but all around me I see anecdotal evidence of doom and gloom. I was hoping like many that the Indices would rise, especially the SPX. In short, I was hoping for 1400.…
Between March and November of 2009, the MPC authorized the purchase of £200 billion worth of UK financial assets, mostly UK Government debt or “gilts”. The MPC voted to begin further purchases of an additional £75bn in October 2011 and, subsequently at its meeting in February 2012, the Committee decided to buy an additional £50bn.…
European shares fell from their recent highs as Spain’s borrowing costs once more climbed back above the key 7 percent pain threshold on Friday and Valencia – one of its heavily indebted regions called for aid. Ibex 10 day chart Euro zone finance ministers formally agreed a memorandum of understanding which will allow Madrid to…
It seems that you can’t keep a good (or crazily undervalued!) stock down… Gulfsands shares are up again this morning and on good volume too. This is interesting considering the veto-ing at the UN meeting last night by China & Russia of further economic sanctions against Syria. Perhaps the markets smells change is coming and…
UK Corporate Announcements Close Brothers states that trading had been consistent with its last statement, and that its AUM made a small loss as expected Anglo American announces Q2 iron ore output gained 12% with De Beers H1 total sales of $3.346bn WH Ireland announces H1 group turnover gained 10.5% from last year to £12.6m…
