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London's FTSE 100 index opened broadly flat on Friday morning as a sharp fall from Royal Bank of Scotland (RBS) offset a strong performance in the mining sector.3 weeks ago
Renishaw's pre-tax profits in the third quarter declined following a drop in revenues in the Far East, the UK engineering group's largest geographical market.3 weeks ago
London's stock markets ended the week on a positive note, finishing with decent gains following a five-day losing streak, with mining stocks doing their best to recover after the recent sell-off.5 weeks ago
Equities in the electrical sector were under pressure on Friday after instrumentation and controls company Spectris gave a gloomy first-quarter update and scaled back guidance for the full year.5 weeks ago
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Earlier this week we heard from the Reserve Bank of Australia and the minutes of their meeting, which generally confirmed 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 first quarter inflation figures and outlook, to lower the cash rate.
The latest Japanese GDP reading highlights the success that the new massive stimulus programme being carried out in Japan has had in revitalising that stricken economy. Today’s drop in UK inflation suggests that the new Bank of England governor may be wise to suggest a similar policy for the UK.
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.
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.