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A round-up of the biggest director deals today so far.2 days ago
Mining stocks were performing well as investors sought gains after a volatile week for the sector. Vedanta, EVRAZ and Fresnillo were all making decent gains by mid-afternoon.5 weeks ago
GKN's first quarter profits were deceptively weak as once extraordinary charges and acquisition costs are stripped out then they were in fact rather flattish. More importantly even, its recent decision to purchase Volvo's aerospace arm looks increasingly to have been a fortunate one, as the sector's two main end clients - Boeing and Airbus - are beginning to ramp up production, with the first clear benefits for GKN starting to come through. As well, the automotive sector will come back, although possibly not yet this year. They sell on nine times this year's earnings. As further benefits from aerospace arrive they look to have further to go, writes The Times's Tempus.5 weeks ago
Shares in pharmaceuticals giant GlaxoSmithKline gained after the the US FDA approved Breo Ellipta, the company's treatment for chronic obstructive pulmonary disease (COPD). "This positive recommendation is a crucial first step towards making Breo Ellipta available for appropriate COPD patients across the US," it said.5 weeks ago
Developments in the Eurozone were supporting stocks on Thursday morning as markets rebounded to snap a four-day losing streak.5 weeks ago
Earlier this week we heard from the Reserve Bank (of Australia) and post those (RBA) minutes, which tended to confirm what most had suspected (that the strength of AUD was a pivotal factor in what was an otherwise close decision to cut interest rates).
The all-important policy guidance at the end of the minutes reveals that the RBA opted to use “some” (the “some” comment is a repeat from a couple of weeks ago) of the scope afforded by the low 1Q CPI print and the benign inflation outlook, to lower the cash rate.
The markets seem to be extending their highs in recent days with no concern about the continuing threat of war in the Middle East.
This morning, news that Israeli and Syrian forces have exchanged fire across the ceasefire line in the occupied Golan Heights was largely ignored by the financial markets.
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.
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.