The land of the rising sun, Japan, seems to be waiting for eternally elusive signs of economic sunshine right now with plenty of worrying data emerging in the last few days. After a 0.7% growth print in Japan’s second quarter GDP, driven by Tsunami reconstruction spending, concerns are mounting about the health of the economy. Japanese…
Even though the Federal Reserve seemingly served up to investors what they were looking for in launching QE3 in a last desperate attempt to revive the US economy, commodities just aren’t following the script… Oil in particular has been singled out, after hitting a three month high on September 14 the day that Bernanke unveiled…
After hitting a 52 week low of 1,999 yesterday, the Chinese Shanghai composite index is up 2.5% today to 2,056 on news that the the Chinese central bank has injected a record amount of money into the financial system. The Rmb365 billion ($58 billion) injection over the last few days by the People’s Bank of…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. UK Corporate Announcements Tate & Lyle announces that it sees H1 adjusted operating profit in line with the expectations and sees solid sales growth for the full year TUI Travel states it is on track to meet its full year targets as…
Markets were looking decidedly shaky yesterday after fears about the European debt situation resurfaced, yet again! The political situation in both Greece and Spain seems to be increasingly concerning. Spanish Prime Minister Mariano Rajoy is continuing to avoid asking for a European Central Bank (ECB) bail out because of fears of another slump in voter…
Regular readers will know that aside from Bumi which illustrates that no matter how well founded one’s research is, a “googly” can always be thrown by fraudulent activities, that the one Conviction Buy recommendation we have got wrong is RIMM. Results are due tomorrow and so here is a piece written by our 3rd party…
From today’s FT – The board of Bumi Plc is weighing up severing ties with one of its Indonesian businesses as part of a restructuring aimed at reviving investor confidence in the controversy-hit London-listed coal miner. Bumi said on Monday that it had asked for an independent investigation, to be carried out by law firm Macfarlanes,…
For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. UK Corporate Announcements ICAP details that six month revenues are seen coming in 14% lower from last year stating the macroeconomic environment remains difficult, but states it makes good progress in its structural review and saw an improvement in trading revenues…
FTSE 100, Daily, Candle Last week we felt that the FTSE was looking solid in the near term trading range, red region, but that the probability looked highest for a near term bout of profit taking to bring the index down to the lower end of the trading channel. So the moves in the past…
