Tue 21st May 13, 10:13
Brand elevation has continued at Burberry, according to Nomura which has upped its target price for the luxury stock after its full-year results came in above forecasts.
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Factory gate inflation trailed off to a 1.1 per cent year-on-year rate of increase in April, according to the Office for National Statistics (ONS), versus a rise of 1.9 per cent in the month before. 54 minutes ago
Spain managed to sell more short-term sovereign debt that it had originally predicted today but with mixed results on both demand and financing costs. 1 hour ago
The Consumer Prices Index (CPI) grew by 2.4 per cent in the year to April 2013, down from 2.8 per cent in March, according to the Office for National Statistics (ONS). 1 hour ago
Italy's former technocrat Prime Minister Mario Monti said that the worst of the European crisis has passed and that the current Italian government would remain unchanged in the short-term. 1 hour ago
Shares in Carnival sunk on Tuesday morning after the cruise operator issued a profit warning, prompting Panmure Gordon to slash its forecasts and keep a 'sell' rating. 2 hours ago
Shares in Tokyo closed with modest gains on Tuesday, after weaving in and out of negative territory, while stocks in Hong Kong tracked a weak close on Wall Street. 2 hours ago
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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.
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.)
The depreciation of the Japanese yen has been an ongoing process for many months now, and recent developments have contributed to its continued decline. However, upcoming data might change the direction upwards.
Japan’s currency is once more weakening compared to the US dollar.
Despite the fact that it’s only mid- May, the FTSE100 looks set to record a new high for the 12th consecutive month.
Compared to the likes of the Dow, the Dax and the S&P500, the FTSE being quite heavily weighted with the financial and mining sector has dragged itsheels in re-acquiring a record high level. Perhaps it’s the mining sector that is serving as a drag which since February has seen a total decline of almost 25%.
The fine wine market is expected to continue its recent resurgence in 2013 and, if you haven’t thought about investing in this asset class before there are increasingly strong reasons for certain types of investor.
Traders and other high-frequency type traders need read no further, this is for long-term investors. It can be traded with spread betting.
Because there is a limited supply of top wine and high demand from around the globe that usually exceeds supply this generally keeps prices up over the long term - but like some illiquid shares, in the short term prices can remain unmoved for a while. But unlike shares, many buyers don't just buy for investment; they happily and rapidly drink up their bottles which reduces the world stocks.