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China issues April PMI data but number misses estimates

China issues April PMI data but number misses estimates

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Chinese manufacturing data improved further in April according to the PMI (Purchasing Managers Index) from the China Federation of Logistics & Purchasing.  The PMI increased to 53.3 in April, up from 53.1 in March, but slightly below expectations of 53.5. A figure above 50 indicates an improvement in economic activity whilst one below signals a…

Spanish market in bullish set up

Spanish market in bullish set up

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Considering the downgrade by the debt rating agency S&P of Spanish debt, yesterdays price action in the equity market is particularly encouraging to the bulls. Nobody will argue that the Spanish economy currently finds itself in a tricky situation, what with ‘official’ unemployment running at around 25% and bond yields breaching the key 6% level…

Aussie billionaire Clive Palmer planning to “ressurrect” Titanic

Aussie billionaire Clive Palmer planning to “ressurrect” Titanic

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The life of the super rich seemingly knows no boundaries with reports that billionaire Australian businessman Clive Palmer (58) has entered into an agreement with Nanjing-based CSC Jinling Shipyard to build a replica of the ship as part of a planned fleet of luxury liners. The replica Titanic is reputed to have been priced at…

Research in Motion displays renewed early strength.

Research in Motion displays renewed early strength.

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For those of you not familiar with our Conviction Buy recommendation on RIMM – click here for the piece – http://issuu.com/spreadbetmagazine/docs/spreadbet-magazine-v4_generic Against a weak market it is interesting to see Rimm open again with early strength. This type of price actions is generally indicative of determined accumulation… The chart below shows the volume in the…

Heritage Oil news imminent? Potential chart breakout pattern

Heritage Oil news imminent? Potential chart breakout pattern

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Following our feature piece in this months issue of Spreadbet Magazine and the rare Conviction Buy recommendation we made, it is encouraging to see Hoil making progress relative to both the Oil E&P sector and also the FTSE – the first time this has happened in months. Looking at the chart above which indicates a…

Glimmer of hope for long suffering shareholders of Helphire?

Glimmer of hope for long suffering shareholders of Helphire?

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This morning’s IMS from Helphire offers up 2 positive comments – Firstly, the reduction in net debt of almost £8m in the last quarter is encouraging, particularly with the companies equity being valued currently at less than £5m.  Secondly, following the legal proceedings by industry peer Accident Exchange against insurer Autofocus, these actions being brought about…

FT reports now upto 80% of Worldspreads’ client funds missing!

FT reports now upto 80% of Worldspreads’ client funds missing!

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   Conor Foley – incumbent CEO of Worldspreads at the time of the fraud. Simon Mundy of the FT has broken the following story in todays FT – “Worldspreads had moved 80 per cent of its clients’ funds out of segregated accounts at the time of defunct spread betting operator’s failure, and may have routinely misused…