A stabilizing US trade deficit in May to $48.7 bn from $50.6 bn is always good news, but when both imports and exports show signs of a flattening (see chart below), making the connection to world growth becomes inevitable. Extending the analysis to commodities and equities, we note a close relationship between the rate of…
Extracts from RNS Rockhopper, the North Falkland Basin oil and gas company, is pleased to announce that it has entered into a conditional farm-out agreement with Premier Oil plc (“Premier”), regarding the Company’s interests in its petroleum licences in the North Falkland Basin (the “Transaction”). Highlights of the Transaction — Premier to acquire 60 per…
UK Corporate Announcements SuperGroup states that it remains committed to measured growth as it reports an underlying pre-tax profit of £42.8m from £50.2m on revenues of £313m Ashmore Group announces AUM fell 3.3% from Q3 to $63.7bn Lavendon states that it has performed ahead of the targets Associated British Foods states that its trading outlook for the full year is in line with…
And so, the third quarter has just started and investors are looking back trying to get some clues on what is going to happen before packing their bags and jumping on a plane to the next sunny beach with a calm and transparent water. Last year was frightening and no one wants to repeat the…
We wondered aloud last weekend whether the price activity in Bowleven last week that resulted in a 20% rise on Friday (since given back of course) and the uncanny similarity between the chart of Xcite Energy would give us a roadmap for price action this week. Well, right on cue, Xcite is showing individual strength…
After a strong start to yesterday, Wall Street struggled to maintain momentum after a number of corporates reported weaker earnings and concerns arose over Germany’s follow through on Summit resolutions. The DOW closed out the session down 83 points. Although the reporting season got off to a reasonable start, Wall Street is going to be…
For more trading insights and exclusive access to FatProphets Virtual Trading Room for a full month click here Following on from last week’s Part (1) – ‘Top Ten Themes’, as noted in Part I1 we believe it is key to maintain perspective above all the daily noise that is occurring in the markets currently. Below we…
One of the most remarkable features of equity markets right now is the valuations being attributed to gold mining shares. With the price of gold having strengthened considerably over recent years, margins and profits within gold mining industry have been soaring yet share prices have exhibited significant weakness. Whether it is fears of resource nationalisation, political instability…
John Paulson, the billionaire hedge- fund manager who cleaned up to the tune of $3bn personally in 2008 with his wager against the US housing market is, it seems, digging himself even further into a deeper hole with a bet that Europe is facing a financial crisis. The $22 billion firm posted losses in all…
