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A round-up of the biggest director buys today so far.4 weeks ago
Insurance giant Standard Life was a strong riser after beating analysts' predictions in the first quarter after delivering strong sales and group assets under administration.4 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
Hargreaves Lansdown stands to benefit from the Retail Distribution Review which came into effect this year. As well, the company's business model is structured in such a manner that it gains more through management charges as its clients do so. Further, it is more of a retail supermarket than a fund manager, with whom it is most often lumped together. Not surprising then - perhaps - that its assets under management are expected to have soared by a record 4.7bn pounds in the first three months of the year. The shares are trading on a high multiple but are not easy to value. Even so, the outfit does promise to pay out the majority of net profits in dividends, a useful income. "One for the long-term," says The Times's Tempus column.5 weeks ago
African Barrick Gold: Investec reduces target price from 315p to 286p keeping a hold recommendation.5 weeks ago
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.
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%.
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.