Broker upgrades & downgrades courtesy of Accendo Markets
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U.S. Households finally seduced To Buy equities but is it too late?
3 mins. to read
As ever, human nature asserts itself in the markets once more in which people take comfort in rising prices and their fellow man entering the stock market. News that Mr & Mrs Main St in the U.S. have returned to the stock market in recent months after the S&P 500 has risen over 102% during…
Zak Mir’s Midweek Missive – 53 quid a week and directors dealings!
3 mins. to read
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…
Mining sector – was that the capitulation low?
1 mins. to read
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…
Broker upgrades & downgrades courtesy of Accendo Markets
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Top trades for 2 April by Accendo clients
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morning round up courtesy of Accendo Markets
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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…
A cracking new guide on pairs trading by Dom Pic
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SEC’s NET Gets EVER Closer to Steven Cohen
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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…
Pity the poor Cypriots – list of austerity measures coming down the pipe…
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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…