As I have stated before, I was rather late getting involved in small or penny stocks, especially those trading on AIM. However, even though the corporate governance area of this part of the stock market still leaves a lot to be desired, presumably now that you can place AIM stocks in your ISA, it may…
Asian shares fell overnight amid mixed corporate earnings across the region, with the regional benchmark index falling some 0.4 percent. Sony was one of the notable poor performers, sliding around 6 percent as Japanese exporters wrestle with a rising yen. Less than 50 percent of members that have reported earnings this season posted profits that beat analyst estimates.…
Deutsche Bank Special Topic: Red flag! – The curious case of (NYSE) Margin Debt A recent survey by the Create consultancy of >700 asset managers globally, managing USD 27.4 trillion between them, found that 78% of defined-benefit plans would need annual returns of at least 5% per year to meet their commitments, while 19% required…
This past weekend, I was at a barbecue at a friend’s house. While we did talk about such usual topics as the upcoming NFL season as well as the ongoing soap opera that is Alex Rodriguez, one of the questions I was asked was about the Federal Reserve. More to the point, my friend wanted…
Copper made it to our target of 334.25/75 & topped exactly here. Immediate support is 329.25 & is holding the downside but a break lower looks likely for a test of better support at 327.10. Watch for a bounce from here but if trying longs we need stops below 326.00 for 324.20 on the way…
Below is an extract of excellent piece of commentary by John Hussman discussing the market conditions that currently exist and that, more importantly, have previously existed at major turning points in the market. “We can now restrict market extremes matching the present instance to seven instances in history: 1929 (at least on the basis of…
MINUTES WATCHED FOR SIGNS OF DISSENT Minutes to the Bank of England’s (BoE) meeting on 1 August will be released on Wednesday; they are expected to reveal how much support governor Mark Carney had for launching forward guidance – which we know was discussed at the regular meeting held one week prior to the announcement. …
European futures are indicating a slightly higher open as investors look ahead at data for sings the UK and Eurozone are in their recovery stage. Yesterday’s UK GDP data could help towards a stronger case to keep interest rates unchanged after the annual inflation in the UK slowed to 2.8% in July from 2.9% in…
For the August edition of Spreadbet magazine I chose the somewhat unlikely call of a “Buy” of the Euro vs the US Dollar when it was under $1.31, with the initial “Target” being $1.34. The peak so far has been $1.34001, hence the mention now. That it hit my target to the nose surprised even…
Strength in the UK housing market has driven the FTSE 100 higher during today’s session with the benchmark equity index adding some 30 points by 13:00 BST. The Royal Institution of Chartered Surveyors have released data showing that UK house prices were rising at their fastest pace in seven years helping to lift overall investor sentiment. Whilst…
