This year has been mixed for some sectors of the equity arena, even though at the headline level the likes of the S&P 500 are actually substantially higher YTD. The first few months were great for the bulls but then everything turned negative as economic fears in China, Europe and even the U.S. weighed on…
Apple’s shares fell 6.4% yesterday to finish at $539 wiping $35 billion off its market capitalisation and marking the worst percentage decline since mid-December 2008. Back in September Apple was trading at $705. The sell off was triggered by numerous factors but rumours are abounding that the stock is being shorted by hedge funds taking…
6 Dec 2012 Cantor Opening Call The FTSE is called to open up around 10-15 points higher this morning UK Corporate Announcements Standard Chartered states that it is in talks that may result in a $330m settlement on the Iran case as it details that it has excellent liquidity and has strong…
Some of you may have caught my now near legendary (!) interview with Dominic Picarda a few weeks ago (catch it here – http://link.brightcove.com/services/player/bcpid1270513410001?bckey=AQ~~,AAAACltoSNE~,uYWbCCt1nRW_BpfWa7XvK8rsHv6x05xQ&bctid=1968896924001), in which I ran through the outlook for the major markets. This was a somewhat brave (or foolish!) endeavour given the then acute concerns regarding the fiscal cliff and which could of…
Its a topsy turvy world for Chinese stocks right now. The Shanghai composite index rallied 2.8% today, after dropping to a near four year low earlier in the week after a meeting of China’s new leadership team implied that they would be ready to take action over the next few months to support economic activity.…
In our September magazine issue, we wrote about how sovereign bond prices were massively inflated and how risky it could be to one’s wealth to continue this buying frenzy (see here – http://issuu.com/spreadbetmagazine/docs/spreadbet-magazine-v8_generic Page 58). Bubbles form because people buy frenetically without looking at the real value that an asset carries. When a 10-year Gilt yields…
5 Dec 2012 Cantor Opening Call The FTSE is called to open around 25 points higher today UK Corporate Announcements Tesco announces Q3 group sales gained 2.9% ex fuel, with UK comparable sales ex VAT down 0.6%, just inside the forecasts, and that it sees increasingly tough conditions in central Europe Brewin…
The 2 trades of 107.5m at 1p and 3p I must admit has completely perplexed me as the placing stock has not been issued yet. It must be part of the placing stock however as no single party presently owns that amount in the company and there is less than 100m shares in issue. Extremely…
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