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Points worth remembering in the plus saga. who has the most to lose if there is a resounding no vote? (clue – not shareholders)

Points worth remembering in the plus saga. who has the most to lose if there is a resounding no vote? (clue – not shareholders)

1 mins. to read

ICAP’s takeover of Plus is central to the broker’s plan to move aggressively into futures trading for the first time and tackle the dominance of the NYSE Euronext and Deutsche Boerse exchanges. Analysts view the deal as a move by the broker to pay a cut price for PLUS’s exchange licence, a potentially attractive asset…

Amara dhari response to plus management statement – shocking reading that makes plus’ current management position untenable

Amara dhari response to plus management statement – shocking reading that makes plus’ current management position untenable

11 mins. to read

Board of DirectorsPlus Markets Group plc33 Queen Street,
London EC4R 1BR Dear Sirs, Plus Markets Group Plc (the “Company”) As one of the Company’s largest shareholders, without whose funding the Company may have already ceased to exist, we are extremely disappointed at the contents of the announcement made on 8 June 2012, which we believe is…

Steady start to trading expected despite Wall Street sell off

Steady start to trading expected despite Wall Street sell off

0 mins. to read

With the Dow Industrials closing down 143 points at 12,411, expectations last night were for another weak start on European markets as they closed before the major sell of on Wall Street. However, FTSE futures are holding up, barely changed from yesterday’s close and Wall Street futures are up around 30 points. The debate continues…

Weekend reading – courtesy of FatProphets

Weekend reading – courtesy of FatProphets

15 mins. to read

Markets remained upbeat, spurred on by the first rate cut by the Central Bank of China since 2008. The S&P and DOW have held onto this week’s gains while key European indices were all in positive territory. The eagerly awaited testimony before Congress from Fed Chairman however disappointed markets, but was still insightful in our…

Bernanke testimony dampens market mood

Bernanke testimony dampens market mood

10 mins. to read

The US market fell off its highs, Asian stocks are down overnight and European futures are down because of Ben Bernanke’s comments to Congress yesterday which gave little indications of significant Federal Reserve intervention in the short term. The volatility is likely to continue today and next week as the European problem remains unresolved and…

Furious Plus shareholders claim management have misled the market

Furious Plus shareholders claim management have misled the market

5 mins. to read

Shareholders in Plus Markets, the embattled junior stock exchange, say they feel misled by the company’s management over its financial health. The comments come amid growing investor anger over the proposed sale of the stock exchange to interdealer broker Icap.Furious Plus investors claim they were ‘misled’ Plus Markets announced it was winding down on May…

4 charts to consider

4 charts to consider

3 mins. to read

Four charts shedding light on:- i) Spain 10-year yields heading towards 7%ii) BRICS are insufficient to hold up the global economyiii) A coordinated central bank FX swap operation is unlikely at this pointiv) Broad-based deterioration in eurozone macro dynamics   Source of image – Bloomberg 1. Spanish bond yields: 7% beckons As Spain’s 10-year bond…

key technical levels & MARKET TRENDS

key technical levels & MARKET TRENDS

1 mins. to read

Market Trends Cash prices except Crude Oil (July) S&P 500 EUR/USD Gold Crude Oil Trend Up Down Down Down Buy or sell Buy Sell Sell Sell Trend change below 1310 above 1.2600 above 1583 above 92.2 Probability of trend change 50% 50% 50% 50%   Trends over the next 1-2 days. The trend is likely…