Here’s what a Trump victory could do to the price of gold July 26, 2016 Controversial US presidential candidate Donald Trump's ascendance to the White House would be good for gold, as his policies are likely be bad news for the US economy. To-date, Trump has launched verbal assaults on big corporations, as well as large mergers and acquisitions, and most recently threatened to pull the US out of the [...]
A stimulus package for the UK this August just became more likely July 26, 2016 A new package of stimulus measures just became more likely the next time the Bank of England's Monetary Policy Committee (MPC) meets, after a key member indicated he had had a change of heart. The central bank shocked numerous people earlier this month when it opted to keep interest rates at 0.5 per cent. Many had speculated the rate would be cut [...]
As Donald Trump pulls ahead in the presidential race, will 2016 be seen as the high water mark for globalisation? July 25, 2016 John Bew, professor at the war studies department at King’s College, London and lead of the Britain in the World project at Policy Exchange, says Yes. The world has never been more interconnected but globalisation has not been the happy process that many presumed. Potent forces like nationalism, ethnic rivalry and religious sectarianism are making a comeback. [...]
At the close: FTSE 250 edges towards pre-referendum level July 25, 2016 The FTSE 250 has taken another step towards wiping out its post-referendum losses as speculation about the latest deal in the gambling industry pushed the mid-caps higher. William Hill investors jumped at the prospect of a being bought out by 888 and Rank Group, with shares popping 11 per cent at the open this morning. They [...]
London-listed miners lose out as gold demand dampens July 25, 2016 Gold miners were some of the biggest losers in London today, as demand for the precious metal waned amid assurances global policymakers would do all they could to help the economy. Fresnillo closed down 1.64 per cent to 1,801p per, while its peer Rangold Resources slipped 3.39 per cent to 8,550p and Centamin slumped 4.72 per cent to 151.3p. [...]
Global oil falls below $45 as oversupply concerns weigh July 25, 2016 Oil dropped to a two-month low today, amid concerns that the persistent global glut of crude and refined products isn't shrinking quickly enough. Brent crude, the global benchmark, was last down 1.46 per cent to $44.94 per barrel. Meanwhile, its US counterpart, West Texas Intermediate crude, slumped 1.95 per cent to 43.33 per barrel. Hedge [...]
Aberdeen Asset Management poised to take advantage of weakness in wake of Brexit vote July 25, 2016 Aberdeen Asset Management is better placed than its competitors in the wake of a spate of investment fund redemptions according to chief executive Martin Gilbert. Speaking to City A.M. this morning, Gilbert said: “We are very much an emerging markets house, so theoretically we should come out of it better. Much more so than some [...]
This chart shows why UK North Sea strikes won’t affect oil prices July 25, 2016 While North Sea oil workers will grab Britain's attention when they go on strike tomorrow, global crude markets are unlikely to notice. The 24-hour stoppage will see 400 Wood Group employees walk out of eight platforms which are owned by Royal Dutch Shell. And it's expected to be followed by additional strikes over the following weeks. Read more: Date set [...]
German businesses aren’t that fussed by Brexit as confidence holds up after shock vote July 25, 2016 Business confidence in Germany dipped slightly in July, though firms in Europe's largest economy showed little sign the EU referendum would weigh on their performance over the coming months. The benchmark Ifo business climate survey showed the headline measure of confidence edged back from 108.7 to 108.3 over the past month. Expectations about the future [...]
Loan trouble for China’s private sector firms raises questions over rebalancing July 25, 2016 China's top economic planner has warned difficulties securing formal loans for the country's private sector firms poses a serious hurdle to its economic rebalancing. Xu Kunlin, the head of China's National Development Reform Commission (NDRC), the state planning agency, told Reuters a sharp slowdown in private investment could sap momentum from the economy and hinted it should be made [...]