Fri 1st Aug 14, 10:12
Markets are understandably concerned by the situation facing BG Group in Egypt. The authorities there have been diverting the gas which should be shipped out to the domestic market instead, which is less profitable for the company. There are positive signs in this regard, but the risk of another write-down does exist. On a more positive note, production at its Brazilian assets has been running ahead of expectations and the first LNG shipment from its Queensland project is on schedule despite industrial unrest.
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AstraZeneca: Deutsche Bank ups target price from 3950p to 4000p staying with its hold recommendation. 15 minutes ago
UK manufacturing activity slowed to its worst level in a year last month, fuelling fears that the country's fragile economic recovery may be faltering. 58 minutes ago
Vodafone said on Friday is has renewed its partner market agreement with Belgacom Group in Belgium and Luxembourg for a further three years. 20 minutes ago
0928: Markit's UK manufacturing sector purchasing managers' index for the month of July has come in at 55.4, versus a reading of 57.2 for the month before (consensus: 57.2), as both output and new orders slowed. FTSE 100 down 72 to 6,658. 1 hour ago
Activity in the Eurozone manufacturing sector remained unchanged at seven-year lows, prompting Markit to conclude that, despite the continued expansion, this data will increase speculation that the European Central Bank (ECB) will take more measures. 2 hours ago
Although technical analysts at Sharecast admit that the correction in cable has gone even further than they originally expected they insist that the trend in the pair remains bullish. 12 minutes ago
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With all of the conflicts going on in the world at the moment, Gaza under attack, Syria still in turmoil and also, the downing of a commercial airliner over Ukraine airspace, it seems prudent to understand what effect these various conflicts have on the market, from either a risk management or trading point of view.
In terms of safe haven asset effects, it was the latest issue arising in Ukraine that had the biggest effect so far. With the latest situation, involving the shooting down of a commercial Malaysian airliner by apparent pro Russian Ukraine separatists, the safe haven/risk-off dynamic played nicely in the hands of savvy traders.
Lately, I have found myself in and out every day trading the Dow Jones. Even with bad sun burn I still maintain a high tolerance when it comes to missing out on a 30 pip rally with this naughty index.
If I get in and it goes against me, I hold the position as I trade with 150-point stops. Once it comes back into profit, I wait and I WAIT for the big move lower and it never comes – so I end up holding the position for longer than I should as it begins its ascent on the way back up.
Germany-focused workspace owner and operator Sirius Real Estate (SRE) has restructured its property portfolio and returned to the dividend list.
Sirius owns and operates 33 business parks, industrial facilities and offices in Germany. The company offers flexible workspace predominantly aimed at small and medium-sized companies, although it also has large companies, such as Siemens, as clients. There is more than one million square metres of lettable space.
Using technical analysis and the market fundamentals to review what happened to affect the major currencies last week and a look ahead for the big currency pairs this week.
Looking at the euro versus the dollar, analyst Jameel Ahmed from FXTM said the signs of a short-term bullish trend line in the EUR/USD that began to form the week prior turned out to be exactly that, a short-term bull.
With the Dow, S&P, NASDAQ, FTSE 100, DAX, FTSE 250 and RUSSELL 2000 sitting at either all-time highs or near multi-year highs it may feel like all the deals and bargains have gone. But determined stockpicking can still find undervalued gems.
This month I will take a look at a stock which I think still has tremendous value even after the recent bounce: Blackberry (NYSE:BBRY)