There have been a number of comments over recent weeks about the renewed possibility of a slide back into recession, encouraging further risk aversion among investors. The US dollar-yen currency pair hit a new 15-year low of ¥83.57 on Monday – will it continue its slide against the yen should US GDP data disappoint on Friday? City Index was offering a spread on dollar-yen of ¥84.57-¥84.60.
Miners such as Kazakhmys, which publishes its interim results today, have taken a bashing recently. But analysts still appear to be feeling positive about the London-listed stock and an upbeat statement in July means the firm could still have a long way to climb. Cantor Index offers a spread of 1,085.16p-1,089.84p.
Promethean World, which supplies interactive white boards to schools, has seen its share price fall by 40 per cent from its high of 211.50p in June to lows of 114.60p yesterday. The government’s potential cuts to education spending budgets have hit the firm hard and not even first-half figures, which saw revenues rise 35 per cent, have been able to stop the slide. Will there be even further to fall? ShortsandLongs.com has a rolling spread of 122.7p-124.7p.
Advertising giant WPP?reported results earlier this week and the recovery across most markets delighted analysts. Chief executive Sir Martin Sorrell was cautious about the outlook, prompting some profit-taking. This simply represents a better level at which to buy. Spreadex offers 631.80p-633.70p