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PricewaterhouseCoopers has said the European Union (EU) is to significantly extend the reach of the bankers' bonus cap to include 10 times as many employees than previously expected.5 hours ago
UBS has lifted its rating for the global banking sector from 'underweight' to 'overweight', saying that the operating environment is beginning to improve.3 days ago
Authorities attempts to create a challenger to the main established lending groups - RBS, Lloyds, Barclays, HSBC - are in a state of disarrray after Moody´s six notch downgrade of Co-op last week. Simply put, creating a large new lender is far more difficult and risky than many appreciate. In any case, the fact remains that the sector´s main players continue to dominate the current account market, of which they still possess over 70 per cent. The lesson to be drawn from the above may be that a bunch of focused, niche banks - such as Aldermore - could be a bigger threat to the big four banks than any Frankenstein-like creation which the government may try to spawn, says the FT´s Lex column.6 days ago
Shares of HSBC Holdings are currently close to five-year highs and further upside is limited, according to Investec which has cut its recommendation from 'buy' to 'reduce'.7 days ago
Disappointing economic data from China on Monday put an end to a seven-day winning streak in London which lifted the FTSE 100 to a five-and-a-half-year high last week.7 days ago
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.
Daily global markets overview with the overnight activity and what can be expected in the markets today. Information straight from the traders’ desks. Insights on commodities, equities, stocks and forex currencies.