Mon 3rd Aug 15, 18:17:11
(ShareCast News) - The UK government said it has started the sell off of its 79% stake in Royal Bank of Scotland, with a tranche of 600m shares, or 5.2% being offered to institutional investors at a loss to the taxpayer.
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(ShareCast News) - US stocks declined on Monday, as investors digested a bulk of economic data, including reports on manufacturing and personal income, while oil price tumbled. 6 hours ago
(ShareCast News) - European shares closed marginally higher as a raft of positive corporate news and economic data helped to offset earlier concerns about the continuing slowdown in China and a turbulent resumption of trading on the Greek stock exchange after a five week shutdown. 9 hours ago
(ShareCast News) - Oil and base metals futures plunged in Europe on Monday, extending losses from the Asian session as dire Chinese data hit the commodities market hard. 16 hours ago
(ShareCast News) - London's top-flight index was down 0.3% at 6,676 by 15:55 BST, as worries about a slowdown in China put pressure on the heavily-weighted mining sector. It wasn't all bad, though, with several bright spots on the corporate front. 10 hours ago
(ShareCast News) - The US ISM manufacturing index ticked lower in July, falling from 53.5 in June to 52.7, below consensus expectations for a stable reading. 10 hours ago
(ShareCast News) - Personal incomes in the US increased by 0.4% in June according the country's Bureau of Economic Analysis. 11 hours ago
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Although forex trading has made its mark around the world, it’s astounding to see just how quickly the forex market has taken off in China over the last few years.
Forex offers an alternative for Chinese investors who are looking to diversify their portfolios and reduce their exposure to the overinflated local stock markets. There are also significant concerns about the long-term value of the yuan, as China may consider devaluing its currency to remain competitive in European markets as the US dollar soars – forex trading may offer the opportunity to hedge against this risk.
This week it has been difficult to avoid news about the Chinese stock market crash. On Monday the Shanghai Composite Index fell by more than 8% and over the last three months it’s down by more than 30%.
However, is this really all that surprising? I don’t think it is.
We’ve all heard the phrase “markets were extremely volatile today” or similar. But what does volatility actually mean when it’s related to the financial markets?
Volatility is the amount a price can change over a given time period with no regard for direction.
Just before the dawn of 2015, Bullbearings gathered together eight trading experts (plus me) to select some stock tips and top trades for 2015. This is a half-time report, with a top-10 leadboard (someone had two tips) and each tipster giving an update on their chosen recommendation (apart from one who's gone AWOL).
Safe to say, I'm propping up the table and making the rest of them look good - but as I said at the time, picking one share to buy is a notoriously difficult thing to do - especially if you take a speculative punt on a small cap. It's been an unusual year and there's still five months to go...
Nasstar (NASA), which I highlighted at 8.5p at the end of last year, had made good progress in its first 18 months as a quoted company but the loss of a major customer will have a negative effect on the second half of 2015.
The news, in a recent trading statement, is bad news for the current financial year and the performance of the share price in 2015 but the underlying attractions of the cloud-based IT services and hosting provider remain.