Thu 5th Dec 13, 16:27
FTSE 100 at lowest level since October 11th; Autumn Statement, BoE, ECB in focus; Eyes on jobs report ahead of Fed meeting; AZ Electronic soars after 1.6bn-pound offer from Merck.
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Annual revenues were flat at social care provider CareTech, though earnings increased in line with expectations in an industry that has been battling serious budgetary pressures. 5 hours ago
Tanzania-focused Kibo Mining has re-taken full ownership of a nickel project after its joint venture partner scheme pulled out. 5 hours ago
Shares in South African miner Jubilee Platinum rose after it announced higher third quarter revenue and profit and said it was not extending a sales deal due to growing returns from smelting contract wins. 5 hours ago
Finnish nickel miner Talvivaara has shrugged off a court decision to review a uranium mining licence. 6 hours ago
Positive US data points to Fed stimulus cut; BoE and ECB keep policy unchanged; Osborne unveils reforms in Autumn Statement 6 hours ago
Chemical stocks were the best performers on Thursday on the back of M&A activity in the sector with AZ Electronic Materials (AZEM) rocketing after an offer from German drugs and chemicals giant Merck. 6 hours ago
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Regular readers will know whilst deep down I am a trend follower I will also take a contrarian view and also look for signs of beaten up stocks that are making a turnaround.
Two stocks both mentioned here before that have done extremely well for me and anyone brave enough to follow me are Citigroup (C) and AIG (AIG). Yes, both stocks would have gone broke had the US government not bailed them out, but that is the distant past and Uncle Sam is out of both and made money out of saving both companies.
It is often claimed that currencies have a tendency to depreciate during their home business hours. Lets look at how we can use this knowledge to trade the forex market profitably.
An academic study published in 2007 by Francis Breedon and Angelo Ranaldo thoroughly analyzed 10 years of historical data from 1997 to 2007 and not only found that this depreciation bias was a statistical fact, but also that it could be used as the basis for a profitably strategy on the EUR/USD pair, even after commission/spread costs were factored in.
China-based logistics services provider China Chaintek is a profitable, cash generative business offering a dividend.
A lack of capacity will hold back short-term profitability but the company is on course to significantly expand its distribution facilities and reap the benefits in terms of earnings growth.
A small entity of investment houses and traders believe we could see a token taper from the Federal Reserve as early as next month and this has given the dollar a degree of resilience despite the fact that we have seen some data points miss in the past week or so.
As we approach the release of the Non-Farm payrolls number we could well see that faction increase in numbers which will support the greenback and of course any beating of expectations i.e. a number greater than 185,000 will embolden the dollar bulls.
It is that time of year again – almost the beginning of December, and by extension, almost the end of the calendar year. The coming months of December and January are viewed by traders with an equal mixture of awe and suspicion – let's examine why that is and whether it is justified.
Trading folklore views January as an opportune time for a trend to start, and December as a month that either gives a great move or is as flat as a pancake.