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It’s hard for me to think of Tate & Lyle Plc (TATE) without immediately thinking “sugar”. However, in 2010 the sugar side of the business, including use of the Tate & Lyle Sugar and Lyle’s Golden Syrup brands, was sold to American Sugar Refining as part of a major restructuring of the company.
But as an investor I’m after a different kind of sweetness; the kind that comes from a reliable dividend which grows progressively over time, and in that department Tate & Lyle is still very much a player.
The recent fundamental data out of the eurozone do not paint a nice picture for its currency, the euro. gross domestic product has contracted in the eurozone and Germany.
Let us keep in mind that Germany is the zone’s largest economy and the main contributor to growth; therefore, when Germany slows down, the whole eurozone slows down too. The eurozone’s GDP came out at 0% when the markets were expecting a contraction to 0.1%.
This is a tricky question, as we have seen the sell-off that many bears were calling for since the beginning of time, so it now seems!
My indicators show that over 50% of retailers were calling for the Dow top since it surpassed the level of 16400 on the way up, toward the end of April nearly 4 months ago!
This month I will take a look at a beaten down stock which I believe has potential to bounce back: World Wrestling Entertainment, Inc. (NYSE:WWE).
The company is an integrated media and entertainment company engaged in the sports entertainment business worldwide. It operates in four segments: Live and Televised Entertainment, Consumer Products, Digital Media, and WWE Studios. The Live and Televised Entertainment segment produces live events and provides content for its television and other programming; designs, markets, and distributes various WWE-branded products, such as t-shirts, caps, and other novelty items; and offers pay-per-view programs.
Looking at the week ahead on the currency markets, with analysts from analysts at Barclays, FXTM, FXPro and DailyFX.
In summary, there are not many macro events this week that are expected to move currencies a huge amount, after a data-intensive time last week. No major policy announcement is expected at European Central Bank (ECB) meeting on Thursday and the Bank of England (BoE) announcement on that same day is expected to be “a non-event”, as Barclays says, due to the committee’s waiting for the August inflation report on 13th August and the minutes from the meeting are not revealed until 20th August. In the US there is only the ISM non-manufacturing data and regular initial jobless claims on Thursday. The Reserve Bank of Australia (RBA) and Bank of Japan (BoJ).
Daily global markets overview for the 20th August 2014 by Accendo Markets. Also 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.