Fri 27th Mar 15, 11:38:17
Mining stocks led UK equity markets lower on Friday as the pull-back from recent records continued, with little in the way of corporate or economic news to drive sentiment.
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US stock futures pointed to a fifth consecutive day in the red on Friday, as investors awaited a speech from Federal Reserve chairwoman Janet Yellen. 22 minutes ago
Core Eurozone equity indices maintained session gains on Friday as the weaker euro currency lifted shares of exporting stocks like German autos while the dip in oil prices allowed airlines to rebound. 26 minutes ago
JP Morgan Cazenove has maintained an 'overweight' stance on Vodafone after results from an Indian spectrum auction this week came in better than many had expected. 2 hours ago
Greece's finance minister is getting ready to resign from his post, say press reports. 2 hours ago
UBS has lifted its target for Shire's share price from 5,400p to 6,600p as the Swiss bank highlighted three potential blockbuster products at the pharmaceutical group. 3 hours ago
Shire has had its target price lifted by UBS from 5,400p to 6,600p as the Swiss bank highlighted three potential blockbuster products at the pharmaceutical group. A 'buy' rating was maintained. 1 hour ago
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I know what you’re thinking; “Oh no, not another article about the FTSE 100 reaching 7,000”. Well, okay, yes it is. But it’s more of a story of how we got here and where we might be going.
Gold is one of the most widely traded precious metals instruments. It not only represents a commodity but is also considered by many a currency that trades fluidly against the US dollar.
Gold prices fluctuate based on the supply and demand for the precious metal, as well as rising and falling inflation expectations. Gold trades actively in the over the counter market as well as in futures format. Gold prices are quoted in US dollars per ounce.
Former trader Andrew Hecht, who spent 35 years on Wall Street with the likes of Salomon Brothers, Cantor Fitzgerald, HSBC and commodities hedge fund Global Advisors Ltd, writes about the issue of greed in the world of finance.
To many, the industry of finance is a culture built on greed and known for the scandals that this greed creates. As the bad behaviour continues, the anger of the masses grows, and more and more people wonder: are there any solutions?
One of the real-life Wolves of Wall Street, or Masters of the Universe, or Duke Brothers, depending on your film references, Michael Milken was apparently a major inspiration for the Gordon Gekko character in the 1987 film Wall Street (if you’ve not seen it, watch it, it’s great - and it’s on Netflix).
Low-rated bonds were viewed as just junk until Michael Milken’s bond trading division began to use them to generate huge profits for the investment firm of Drexel Burnham Lambert based on his MBA thesis that such previously disregarded securities were actually good investments.
The Eurogroup and Greece reached an agreement that prolongs Greece's bailout funds for another 4 months, provided Greece submits a list of reform measures.
So after all the wrangling, Finance minister Varoufakis ultimately agreed not to roll back previous reforms, refrain from unilateral action and accept IMF involvement, with troika oversight remaining in place in all but for the name.