Beware of the dragon if you trade copper October 17, 2011 COPPER has been rallying on the back of hopes that the politicians of Europe might carve out a plan to avoid the systemic sovereign and banking crisis that threatens the continent. But as important as European salvation is, the linchpin of copper’s price lies thousands of miles away in China. ENTER THE DRAGON Metal Bulletin’s [...]
THE TIPSTER October 17, 2011 OVER the course of September, gold saw its price drop 11 per cent, which was its biggest slump in three years. However, with renewed fears that European leaders have bitten off more than they can chew regarding the debt crisis, we could see traders return to the trusty safe haven. The yellow metal is also [...]
G20 and US earnings set to be positive catalysts October 16, 2011 AREVIVAL in hopes that the Eurozone crisis can and will be contained will continue to spur stocks higher this morning. The mood of the market certainly seems to be leaning towards the positive, and that will likely be reinforced by news from Paris at the weekend that the G20 have agreed that the IMF should [...]
WALL STREET WEEK AHEAD October 16, 2011 THE coming week is likely to be crucial for the direction of financial markets until year-end, with Eurozone stability at stake as well as the latest test of the one bright spot for investors, corporate earnings. In the case of the Eurozone, there is talk of a “binary” moment next weekend in which a European [...]
FTSE 100: Trading in a channel October 16, 2011 FOR weeks the FTSE 100 has been trading in a channel – proffering clues on price action for spread betters. The UK index has certainly seen its fair share of ups and downs over the years. From its 1984 base level of 1,000 it peaked at 6,950.6 on 30 December 1999. The financial crisis saw [...]
THE WEEK AHEAD October 16, 2011 COMPANY NEWS ● On Wednesday, Diageo will hold its AGM where it will make its interim management statement. If the £1.6bn that the drinks company spent on emerging market acquisitions has paid off, then shareholders will be celebrating with doubles all round. ● In Petrofac’s interim management statement on Thursday, it will be hoping to [...]
THE TIPSTER October 16, 2011 WEDNESDAY will see Sports Direct kick-off its figures with a trading statement, and it seems that expectations are good. Despite the retail slump, its projected earnings growth is 20 per cent a year for the next two years. Broker Panmure Gordon recently put a 300p price target on it. Capital Spreads quotes 230.6p-232.8p. Xstrata gives [...]
LOOKING FOR SIGNS OF HOPE October 16, 2011 THE Eurozone is in dire need of a quick capital injection, perhaps €2 trillion, says economist Nouriel Roubini. Roubini is not the only economist alarmed by the Eurozone’s banking system. Even outgoing ECB head Jean-Claude Trichet said recently that the systemic crisis must be decisively tackled, as the interconnectedness threatens the Eurozone’s financial stability, and [...]
Companies really can be built upon trust October 16, 2011 I WAS studying at London Business School last year with every intention of becoming a banker when I graduated,” says Nitzan Yudan. “Then my wife wanted to go on holiday to Bruges and since I was a student money was pretty tight, so I was looking for ways to make a bit of extra money.” [...]
Some business partnerships don’t work October 16, 2011 AMERICAN oil magnate John D. Rockefeller said: “A friendship founded on business is better than a business founded on friendship.” And there are countless stories of business partnerships going bad. Steve Jobs famously teamed up with John Sculley only to be fired by him two years later (pictured right). Facebook founder Mark Zuckerberg’s falling out [...]