Investors are now preparing for tomorrow’s ECB meeting with elevated expectations about what Mario Draghi has in his bag of tricks. The Euro has been rising against most crossed since the last ECB meeting held on August 2 and many commentators believe tomorrow’s meeting will make history with confirmation of ECB bond buying and so…
We asked yesterday what Mr Schmuckerberg’s next move was and opined that the emperor had no clothes… Well Mr Z answered loudly with an SEC filing in which he said he would not be selling any stock for at least another year. The stock rebounded from an all-time low of $17.55 on this news to trade up…
The chart below displays rather more succintly than words can just how powerful has been the Great Bond Bull market over the last 30 years. We believe that the fundamentals are now stacked up high against the bonds over the medium to longer term as detailed in our piece in the last edition of…
Volume is once more accompanying the share price rise today – see chart annotations below. As we posted here yesterday – http://www.spreadbetmagazine.com/blog/2012/9/3/plenty-of-action-in-xcite-energy-and-more-to-come.html there looks to be 3 potential reasons behind the outperformance in recent weeks. Someone seems determined to mop up stock anyways and the odds on an announcement on the EWT imminently are shortening by…
Mario Draghi, ECB President The sovereign debt situation in Europe remains at the helm of investors watch-list, in particular with the ECB meeting tomorrow. Market participants are looking for signs that the ECB has the situation under control. The “canary in the coal mine” will continue to be Spanish and Italian bond yields. If rates…
UK Corporate Announcements Sports Direct details 13 week retail sales gained 19.9% with gross profit up 14.8% Berkeley Group states that it is trading in line with the forecasts and sees its full year earnings at the top end of the expectations Hargeaves Lansdown announces a full year pre-tax profit of £152m on revenues of £238m and increases…
It was not long ago that the luxury end of the world’s property market was under severe pressure. During the global financial crisis, even the Mayfair area of London – the capitals hedge fund centre – underwent major changes. In 2009, the number of estate agents declined dramatically and those that managed to stay open…
Update – RNS just released – Chariot Oil & Gas Limited Response to Share Price Movement Chariot Oil & Gas Limited (AIM: CHAR), the independent Africa focused oil and gas company, notes the recent fall in the share price. As announced on 27 July 2012, the drilling of the Kabeljou exploration well on the Nimrod…
Leni Gas & Oil directors and shareholders are feeling rather cheesed off after selling their stake in a Maltese licence to Mediterranean Oil & Gas (MOG) for a knock down price which later turned out to be worth rather more! In fact, it was worth much, much more, apparently within a month. In early August,…
