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OVERNIGHT MARKETS ROUND UP – 30/04/14

OVERNIGHT MARKETS ROUND UP – 30/04/14

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Asian shares fell slightly throughout the night as the Bank of Japan monetary policy was left unchanged, a move which was widely expected beforehand. By unchanged, this means the monetary policy is set to increase by ¥60-70 trillion per year.  Looking to the day ahead, we look set for a busy day of trading with a…

OVERNIGHT MARKETS ROUND UP – 29/04/14

OVERNIGHT MARKETS ROUND UP – 29/04/14

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With a day full of important economic data, markets could be particularly volatile over the announcement of the figures today. Asian markets traded cautiously throughout the night as investors await key pieces of data and events over the next few days. UK Q1 Gross Domestic Product (GDP) kick-starts the day at 09:30 with a better…

Zak Mir on oil stocks du jour – CNE, PMO & OPHR

Zak Mir on oil stocks du jour – CNE, PMO & OPHR

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Crude Oil’s recent double top at $105 may have been a frustrating affair for bulls of this commodity in the wake of the geopolitical tensions in Ukraine, but of course this does not necessarily mean that equities based on this particular asset class have to break down as well. In the case of Cairn Energy…

OVERNIGHT MARKETS ROUND UP – 28/04/14

OVERNIGHT MARKETS ROUND UP – 28/04/14

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Asian equity benchmarks were marginally softer in early trading on Monday morning in sympathy of ongoing Ukraine concerns. Global risk appetite can’t help be bound by the consequences of a potentially very global problem. The Dollar has traded generally lighter against most pairings. Meanwhile, European stock indices are looking to open ahead of Friday’s close. …

Now David Einhorn joins the tech bear camp

Now David Einhorn joins the tech bear camp

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The latest Greenlight Capital investor letter written by hedge fund manager David Einhorn caught my eye earlier this week. It sees were are not alone in the head scratching at many tech company valuations with the respected fund manager also joining the bear camp and putting out a number of tech company shorts. A quick…

Are the PIIGS any better off after 6 years of austerity?

Are the PIIGS any better off after 6 years of austerity?

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Is Austerity working, or has it only compounded the economic woes of the so called PIIGS? To many observers, they say that all it is doing is adding to the massive unemployment, destroying any vestige of growth potential, contributing to an already nervous consumer outlook, but the most damning element of all…it is not actually…