Latest stories in the Market buzz section

Wood Group Chairman sells 250,000 shares

9 hours ago

A round-up of the biggest director deals today so far.

Market Reports

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Wood Group Chairman sells 250,000 shares

A round-up of the biggest director deals today so far. 9 hours ago

Sector movers: Miners and banks fall as risk appetite wanes

Benjamin Chiou

Growth concerns hammered markets across the globe on Thursday, with banking and mining stocks bearing the brunt of the sell-off in London as the impressive year-to-date rally ran out of steam. 11 hours ago

Friday preview: UK mortgage lending figures released

The spotlight will shine on economic data out Friday including mortgage lending figures from the British Bankers' Association (BBA) and US durable goods orders. 11 hours ago

London pre-open: FTSE 100 set to plunge after Bernanke speech

City sources predict the FTSE 100 will open down 125 points from yesterday's close of 6,840, after US Federal Reserve Chairman Ben Bernanke delivered his highly-anticipated speech to Congress last night. 19 hours ago

Thursday tips round-up: Great Portland Estates, Capita, Primary Health

At a 33 per cent premium to their net asset value one could be forgiven for worrying that shares of Great Portland Estates are considerably overvalued. After all, that was the valuation reached just before the Great Bubble burst, with an all too familiar ending. Further, the company is essentially a big bet that the London office market will continue to thrive in the long-term. Having said that, the current Chief Executive has 'called the market' correctly before and in the last downturn the company bought land on the cheap. Significantly, 81 per cent of the firm´s assets are in the West End and not just in London. This area has not seen the sort of rental growth witnessed during the early Noughties. Even so, there is no harm in taking some profits on shares that have outperformed, says The Times´s Tempus. 19 hours ago

Thursday newspaper round-up: Ocado, UK Mail, Hibu...

The Telegraph says that Waitrose head Mark Price is refusing to meet with Ocado chief Tim Steiner after the online grocery group agreed to help rival Morrison develop an online shopping website. 19 hours ago

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Traders' views

As with most currencies...”it’s all about Bernanke!”

By Ishaq Siddiqi

Earlier this week we heard from the Reserve Bank of Australia and the minutes of their meeting, which generally confirmed what most had suspected: that the strength of AUD was a pivotal factor in what was an otherwise close decision to cut interest rates.

The all-important policy guidance at the end of the minutes reveals that the RBA opted to use “some” (the “some” comment is a repeat from a couple of weeks ago) of the scope afforded by the low first quarter inflation figures and outlook, to lower the cash rate. 

A stimulus programme might be the way to go for the UK

By Christopher Beauchamp

The latest Japanese GDP reading highlights the success that the new massive stimulus programme being carried out in Japan has had in revitalising that stricken economy. Today’s drop in UK inflation suggests that the new Bank of England governor may be wise to suggest a similar policy for the UK.

The equity markets are too confident to ignore geopolitical risk and war

By Ronnie Chopra

The markets seem to be extending their highs in recent days with no concern about the continuing threat of war in the Middle East.

This morning, news that Israeli and Syrian forces have exchanged fire across the ceasefire line in the occupied Golan Heights was largely ignored by the financial markets. 

Sharp fall in silver today – fallen to levels not seen since September 2010

By Ronnie Chopra

This morning silver fell to levels not seen since September 2010 as commodity prices slumped overnight in Asia and this extended in early London trading. Although here is plenty of physical buying from China, India and the Middle East – there is heavy computer ETF selling.

A strong dollar and outperforming equity markets have shifted investor’s attention to more risky assets with silver suffering.

Has the dollar rallied too far, too quickly?

By Ishaq Siddiqi

Despite general US data thus far this week coming in a little softer, the dollar retains a bid tone, as US risk markets keep on posting new highs despite much speculation on whether USD may have rallied a little too far, too quickly.

Today we await CPI numbers and US data including housing, jobless claims and the Philly Fed.)

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