UK Corporate Announcements Michael Page International announces an H1 gross profit of £273.9m and Q2 gross profit of £138m down 6.6% and sees a challenging Q3 ahead JJB Sports warns that it now sees sales materially short of expectations after 22 week LFL sales fell 8% Bovis Homes states that trading has been in line and details that it has…
MONDAY, JULY 9, 2012 UK Reporting:- Bovis Homes Group Plc, BVS, (R), Centaur Media Plc, CAU, (SM), Michael Page International, MPI, (R), RM Plc, RM, (R), XP Power Ltd, XPP, (R) S&P 500 Reporting:- Alcoa Q2 0.060 Euro Stoxx 600 Reporting:- None Scheduled Economic Data:- 00:50 Japan May Machine orders, -2.6% est. 5.7% previous 07:00 German May Current…
Below is an interesting chart from the National Association of Active Investment Managers (NAAIM) which as you can see over the last few years has proved to be a good indicator as to where the S&P 500 is likely to go in the short – medium term (1 – 3 months) and that, for spreadbettors…
Firstly, I have to declare a not too small long position in EMED at 12p – held for over 2 years and with no leverage. The stock is currently priced largely at the same level as 2 years ago. Why have I held this share for so long, through such a volatile market for small…
The FTSE 100 closed Friday at 5,663, up 1.6% on the week. The Dow Jones Industrial Average finished Friday at 12,772, down 0.8% for the week. The S&P 500 closed at 1,355, lower by 0.6% lower for the week. The Nasdaq Composite Index closed at 2,937, up 0.1%. Oil (WTI) dropped $3.1 to $84 and…
NFP day yesterday. Unfortunately I was away from the computer when it all kicked off as I have a day job (worse luck!) and my clients were pestering me (double worse luck!). I swear when it starts costing me more to go to work I’ll jack it in and become a full time trader. Today…
Is it me or are the charts above telling me something?
The Spanish 10 year bond yield has tested and broken through the key 7% level today; this is not a good sign for the markets and doesn’t bode well for the Spanish Index. The Ibex has fallen back over the last two days from the highs of 7200 in the face of strong economic headwinds…
UPDATE – In excess of 5% of the company’s stock turned over so far and, we understand, working buyers in the background. This type of volume is generally always the precursor to news (seems the FSA just cannot crack down on leaks no matter how hard they try, someone is always looking to trade…
