With the FTSE All share, Dow Industrials and S&P 500 all either close to or at 52 week highs and the U.S market showing very strong gains for year to date (S&P 500 up 16.5%), the big question is, how much further do markets have to go this year? As the previous post on the…
We posted back in July that the correlation between UK QE and the UK stock markets was likely to be broken as four rounds of QE have now been completed and yet the primary increase in asset prices had been completed after the second round, last year. Indeed in July and August of this year…
1. Kerry Packer’s “Toss you for it”The late Australian media tycoon Kerry Packer was an inveterate gambler who is believed to have lost up to $40 million (£25 million) in just 10 months, including almost $28 million during a three-week losing streak in London in 1999.However, there is one bet for which he will always…
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,…
