Markets were fairly weak yesterday as attention continues to focus on the European Summit, and whether the powers that be can agree on a plan to address the Continent’s debt crisis. Key European indices the DAX and CAC were both down 0.37% while the FTSE was off by 0.56%. The DOW and S&P meanwhile rebounded from significant…
Let’s turn back to 2007 and the heady days ahead of the Great Financial Crisis which would ultimately fell the world. It was reasonably obvious that a bust would come, although the extent of it was dramatically under-estmiated by even the most fervent bears However, if you were a Bank you could see the leverage…
Worldlink signs heads of terms Worldlink Group Plc (“Worldlink” or the “Company”) are pleased to announce that it has signed heads of terms with 3 Premier League Football Clubs under which Worldlink becomes the official betting and gaming partner of those clubs. Under these heads of terms there are certain financial commitments which need to…
When will the pain end for AIM oil and gas investors? The falls have been staggering over the last few weeks. The charts are all looking like an Alpine down hill race over the last 6 months, which presumably means the same for many holders bank accounts! Chariot Oil and gas is the one exception to…
Commodities of late have had a pretty rough time with the S&P GSCI Index Spot commodity index down 10% in the last year. Oil has suffered even more with Brent Crude dropping 15% in the last 12 months to $91.5 and from a 12 month high of $125 in February 2012. Courtesy FT.com The spread…
The major technical break of the inverse head and shoulders which was widely lauded when the S&P price action broke through the neckline resistance of 1335, on 15th June, is now back below the neckline indicating that the potential for a trend reversal to the upside was not as solid as it seemed. The S&P…
Most followers of Man Group will readily concede the shares are cheap and that they trade at almost the liquidation value of the Company. The key questions are – (a) Will the dividend be cut? The shares are trading on an unheard of for a recent FTSE 100 stock of just under 15% – if…
Stocks rose on most of the major bourses yesterday despite Angela Merkel’s comments that the summit would produce little in the way borrowing relief for Spain and Italy, which are facing soaring interest rates. The markets instead focused on some surprisingly positive U.S. economic data that demand for long-lasting manufactured goods rose much more than expected in…
Cash prices 6th resistance 5700 61.8% Fib retracement 5th resistance 5630 Previous resistance line 4th resistance 5624 Previous high 3rd resistance 5581 200-day moving average 2nd resistance 5545 Previous support line 1st resistance 5525 Yesterday’s high 1st support 5515 55-90min moving average 2nd support 5447 Yesterday’s low 3rd support 5435 Previous low 4th support 5427…
Not the finest hour for business tonight. Barclays has agreed to pay a fine of £290 million after investigators determined that since 2005 Barclays had been attempting to manipulate Libor (the London Inter Bank overnight rate), a key borrowing rate meaning that those paying off mortgages have potentially paid millions in unnecessary extra interest payments.…
