BAE systems is looking a little more perky today, rising over 3% to 347p after the volatility of the last two days which accompanied the announcement that it was in talks to combine with European focused aerospace company EADS. After an initial surge on Wednesday, scepticism about the deal set in yesterday and both companies…
So, we may just have averted a new eurozone-related financial crisis. I’m referring here to the German constitutional court’s decision to dismiss attempts to block the creation of the eurozone’s 500 billion bail-out fund – the European Stability Mechanism (ESM). The ECB is seen by many in Germany, including the president of the Bundesbank – and…
We think it’s time to take some risk off the table today and book some useful profits. Accordingly the following positions are adjusted/closed – 1. Kazakhmys swing long trade trade has been closed at 748p for a nice 90p gain. 2. ENRC – half the position has been sold @ 354p and we raise our…
The FOMC meeting ended yesterday with the decision to (yet) unfold another round of quantitative easing – QE3 – as widely expected by many. The Federal Reserve stated in its press release that the committee has agreed to increase policy accommodation by purchasing additional mortgage-backed securities at the pace of $40 billion per month. According…
For more research & Technical Analysis from Cantor Index click here to register. UK Corporate Announcements JD Wetherspoon announces a full year profit of £44.5m on sales of £1.2bn just ahead of the expectations and aims for a reasonable year Domino Printing states that it stays cautious about market conditions and that confidence amongst Chinese manufacturers has fallen UK…
After the announcement by the Federal Reserve of a further $40 billion a month to buy mortgage backed securities on an unlimited basis until employment rates improve (making a total of $80 billion a month with Operation Twist), the markets have responded very positively. The Dow Industrials moved 207 points higher, to finish at 13,540,…
Ben Bernanke, Chairman of FOMC An announcement is expected from the Federal Reserve’s FOMC (Federal open market committee) at 2.30 pm EST or 5.30 pm GMT after two days of deliberations on whether the Fed should intervene further to prop up the US economy. The Fed is also committed to an environment of ultra low…
24 hours ago, Falkland Oil and Gas was sitting just below 60p, right now its up 8% to 79.5p or over 30% in a day. On Monday lunchtime, the company issued a drilling update which precipitated a fall from the 90’s to the low 60p range (with 57p at its low) – the wording of…
Staying well ahead of the pack has always been Apple’s strength, but the intense competition within the smartphone space from Android based phones plus lots and lots of leaks means that the launch of IPhone 5 yesterday somewhat failed to capture the imagination after plenty of hype. With a larger 4 inch screen (half an…
For more research & Technical Analysis from Cantor Index click here to register. UK Corporate Announcements Next announces H1 pre-tax profit of £251m just ahead of the analysts estimates on revenues of £1.64bn and states that it made a better than expected start to the year and maintains its full year targets Kier Group states that it expects trading…
