Wed 27th Aug 14, 09:3
UK equities began the day ever so slightly in the red as traders reacted coolly to the fresh record close on the S&P 500 overnight, which saw the value of global equities establish their own record, at $66trn, according to Bloomberg data.
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0900: UK stocks are flat-lining approximately an hour into the start of trading, in what is expected to be a light day in terms of economic news flow. IAG and easyJet are again to be found among the high flyers on the top flight index, although oil services firm Petrofac is doing best in the early going. The latest readings on German and Italian consumer confidence have come in below forecasts. FTSE 100 up 0.3 points to 6,822. 49 minutes ago
European stocks were in the red after a report showed German consumer confidence declined unexpectedly amid geopolitical concerns. 39 minutes ago
Oil futures bounced only slightly higher on Tuesday despite reports of still heightened tensions in Libya. 50 minutes ago
Euro weakness was again the dominant theme on Tuesday following the release of stronger-than-expected figures on US durable goods orders. 1 hour ago
Russian steel producer Evraz reported lower first-half steel production and revenue, but said cost-cutting had helped it boost earnings by 17%. 48 minutes ago
A focus on its mobile offering helped online gaming group 888 to deliver another set of record interim results, with strong cash flows leading to a 17% increase in the dividend. 14 minutes ago
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Geopolitical tectonic plates are shifting around the world presenting trading opportunities to those observers keen enough to pick up on them. As well as the usual safe haven assets such as gold, the Swiss Franc and Japanese Yen, traders may not miss out on the opportunities presented by somewhat “riskier” assets, such as oil.
Middle Eastern politics are complicated issues, but one does not need to be a scholar in the subject to understand that any kind of moderate to major disturbance is enough to send ripples of tension through the oil market.
Using the easy-to-spot "head and shoulders" pattern we can often fairly reliably predict where a currency pair will go next. In this example we look at the recent movement in the euro versus the Japanese yen.
The euro had been losing ground versus the yen, but after the last visit that the price made to the round number and psychological level of the 136.00, it started heading higher and it is very close to touching the 138.00 again.
It’s hard for me to think of Tate & Lyle Plc (TATE) without immediately thinking “sugar”. However, in 2010 the sugar side of the business, including use of the Tate & Lyle Sugar and Lyle’s Golden Syrup brands, was sold to American Sugar Refining as part of a major restructuring of the company.
But as an investor I’m after a different kind of sweetness; the kind that comes from a reliable dividend which grows progressively over time, and in that department Tate & Lyle is still very much a player.
The recent fundamental data out of the eurozone do not paint a nice picture for its currency, the euro. gross domestic product has contracted in the eurozone and Germany.
Let us keep in mind that Germany is the zone’s largest economy and the main contributor to growth; therefore, when Germany slows down, the whole eurozone slows down too. The eurozone’s GDP came out at 0% when the markets were expecting a contraction to 0.1%.
This is a tricky question, as we have seen the sell-off that many bears were calling for since the beginning of time, so it now seems!
My indicators show that over 50% of retailers were calling for the Dow top since it surpassed the level of 16400 on the way up, toward the end of April nearly 4 months ago!