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UBS has lifted its rating for the global banking sector from 'underweight' to 'overweight', saying that the operating environment is beginning to improve.24 hours ago
Barratt Developments: Deutsche Bank lowers target price from 336p to 327p, while leaving its buy recommendation unaltered.2 days ago
Change is in the air at HSBC. The lender has been right to concentrate on cost-cutting, having exited 50 businesses and announced roughly 44,000 lay-offs since 2011 - even if its cost-to-income ratio has risen over the past three years. Indeed, banks have been at pains recently to show investors that they can still grow, but HSBC does have greater exposure to emerging markets, while "soggy" top lines are being me with a renewed focus on efficiency and returns, with the lender's pay-out ratio having improved from 47% in 2010 to 55% last year, the FT's Lex column writes.2 days ago
HSBC Chief Executive Stuart Gulliver has notified of further considerable cost cutting plans as the bank becomes "simpler and easier to manage" after shedding a swathe of underperforming businesses.3 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'.5 days ago
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.
Shares in eco-boiler maker Energetix have been given the serious cold shoulder since a recent announcement by the company. Just look at the chart below where the price has fizzled from 35p to below 15p in a fortnight.
It's not surprising really. When your chief executive resigns and you confess that might need more cash in the future, the market doesn't tend to take a fond view. However, I believe the market has over-reacted on a long-term view, as it generally does, which allows more optimistic investors to take opportunity.
Energetix is poised to benefit from government energy deregulation and has a shrewd and unusual business model that is not reflected in the shares - this time next year I can see the shares back to where they were in April.
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.