Wednesday, 19th June 2013

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Stock Research

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GLEN
307.40
-2.87 (-0.92%)
ASK PRICE BID PRICE CHANGE
307.40 306.90 -2.87 (-0.92%)
Volume 13,664,444
Day's high 397.85
Day's low 293.55
Today’s open 311.95
Prev Close 310.20
   

Index: FTSE 100

Sector: Mining

  • Company URL: http://www.glencore.com
  • Company Profile: Glencore International Plc is a commodities producer and marketer. Glencore, which joined the London Stock Exchange with a much heralded £60 billion IPO in 2011, produces, processes, refines, transports and stores commodities such as metals and minerals, energy products and agricultural products such as grains, biodiesel and cotton. Glencore was founded by billionaire trader Marc Rich is headquartered in Baar, Switzerland.

GLEN Graph

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GLEN Trade Tendency

BullBearings trader activity in the last few days with this stock

Buying: 0%

Selling: 0%

Recent trades by BullBearings members
TRADE QTY. PRICE DATE
SELL 10,454 305.85p 19/06/13 14:16
BUY BET 100 306.36p 19/06/13 11:49
SELL 3,156 311.65p 19/06/13 09:08
BUY (auto) 28,525 309.65p 19/06/13 07:15
BUY 1,628 309.25p 18/06/13 14:31

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News & Reports referencing GLEN

London close: MPC's McCafferty warns against complacency

Stocks bounced back further on Friday as traders opted to hold their fire ahead of next week's policy meeting at the US Federal Reserve. Nevertheless, there is still some uncertainty as to just how dangerous the present correction in equities really is, even if shares have reached clearly 'oversold' levels.

5 days ago

FTSE 100 movers: Mining, property stocks gain as traders 'buy on the dip'

A calmer session on financial markets prompted decent gains in the mining and property sectors on Friday, as bargain-hunters moved in to 'buy on the dip' after the recent volatility hit both sectors hard.

5 days ago

Broker tips: Rolls-Royce, Glencore Xstrata, Great Portland

Investec has upgraded power-systems giant Rolls-Royce from 'add' to 'buy', saying that profitability is on an upwards trajectory and higher payouts for shareholders could be on the cards.

5 days ago

Broker snap: Tradenext sees upside at Glencore Xstrata

Tradenext has reiterated its 'buy' rating for diversified miner and commodities trader Glencore Xstrata on recent developments in the boardroom and on credit facilities.

5 days ago

London midday: Stocks slip after EU jobs data

The upbeat tone seen from markets in early trading on Friday morning didn't last for long, with the FTSE 100 slipping into the red by midday after some gloomy data from Europe.

5 days ago

Traders' views

What does the future hold for the Indian rupee?

By Ronnie Chopra

With Indian growth slowing, the currency has been hit hard. But while this benefits some parts of the economy, the impact of the US Fed decisions and upcoming Indian elections means there could be lots more different pressures on the rupee in the medium-term future.

The weakness in the rupee in 2013 has been astounding. The severity of the fall in the last few weeks has caught many by surprise with the rupee falling from the low 80s against sterling (INR/GBP) to the current level of 91.70 (on 18 June 2013), and the low 50s against the US dollar (INR/USD) to 58.60 at the time I write this.

Aim stock to watch: Falkland Islands Holdings (FKL)

By Andrew Hore

Falkland Islands Holdings (FKL) provides investors with a lower risk exposure to the potential development of oil and gas prospects in the Falkland Islands. However, the return on the investment is unlikely to be seen until 2015 at the earliest.

Last year, FTSE 250 company Premier Oil acquired a 60% stake in the Sea Lion prospect discovered by Rockhopper.

Expect GBP, CAD & AUD weakness

By Ronnie Chopra

From a purchasing power point of view, sterling above 1.50 USD seems difficult to justify and with Mark Carney taking the reins at the Bank of England from July we may already have seen sterling's 2013 year high. Carney has been a strong advocate of more quantitative easing (QE) in the UK, which would drive sterling sharply lower.

GBP/USD 
Sterling’s sharp rise against the US dollar has caught many by surprise, the currency has recovered from 1.51 USD in May to the current 1.57 USD level. However, the 1.57 level is proving difficult to cross and we won’t be surprised if the USD now begins to regain some ground and take the GBP back to below 1.55 USD over the next couple of weeks.

Emerging Markets Hurt On Fears Over Reduced Liquidity/Slowing Growth

By Ishaq Siddiqi

Fears over a reduction in global liquidity as central banks scale back easing measures sends emerging markets in a rout with slowing global growth adding to the malaise.

EM’s have been the biggest beneficiaries of loose global central bank money over the years; central banks around the world have pumped in $12trillion of extra liquidity since the financial crisis of 2008, preventing a systemic risk in the market.

All asset classes seem unloved at the moment

By Ronnie Chopra

Over the last few weeks global equity prices have fallen quite sharply, the FTSE 100 has fallen from 6875 which was reached on 22nd May (only 120 points from its all -time high set in December 1999) to the current level which is just above 6300 - an 8% fall in 3 weeks.

The Dow Jones Industrial Average Index has fared better, albeit still over 300 points lower now than its recent record high. The US benchmark index hit an all-time high on May 29th at 15542. The Nikkei index has experienced > 20% fall from 16,000 to 12,500 in a matter of a few weeks but it has since bounced to just above 13,000.

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