A decision in favour of Heathrow expansion will guarantee more years of uncertainty and inertia December 7, 2015 A government decision on airport expansion may be just days away and it’s a decision that is going right to the wire. While Heathrow has argued that it is full, Gatwick will soon reach its capacity limit so there is little doubt that London and the South East urgently need another runway. It will take [...]
As Marine Le Pen secures victory in France’s regional elections, does she have a chance of winning the presidency? December 7, 2015 Dr Paul Smith, associate professor in French and francophone studies at Nottingham University, says Yes We cannot dismiss the possibility of Marine Le Pen winning the 2017 presidential election. The Front National’s national vote on Sunday was a shade under 30 per cent, and this would get her through to the second round of the [...]
Why the dollar-Canadian dollar should rally higher December 7, 2015 With euro-dollar short positions blown out of the water on the back of the European Central Bank meeting last week, which pair can we work with to express dollar strength? Yesterday’s dollar-Canadian dollar high was the loftiest since September. This should not come as a complete surprise, as the pair is merely catching up [...]
Draghi has a major eurosceptic headache – eToro Tips & Picks December 7, 2015 The markets’ main focus is currently the likelihood of the first US rate rise since 2006 and the divergence of US and European monetary policy. Janet Yellen announced last week that the US economy has “recovered substantially” from recession. Friday’s figures showed 211,000 new jobs created in November. Yellen, Stanley Fischer and other FOMC [...]
City Moves for 07 December 2015 | Who’s switching jobs December 6, 2015 IG GROUP The online trading firm has named Peter Hetherington (pictured) as chief executive. He took on the role of interim chief exec in October, and has been a member of the IG board since 2002. JP MORGAN JP Morgan Asset Management Global Insurance Solutions (GIS) has appointed James Peagam as head of GIS. He [...]
Shore Capital, Vodafone and CRH: Best of the Brokers for 07 December 2015 December 6, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com Analysts at Jefferies have retained a “hold” rating for building materials group CRH, after the firm released guidance on its recent acquisitions. Analysts found CRH’s core businesses are doing well in the US, where the commercial sector is recovering. The company has a [...]
FTSE 100 hoping for festive cheer to follow European Central Bank’s Mario Draghi – London Report December 6, 2015 Following widespread market disappointment last week after the European Central Bank came in at below expectations with its interest rates and monetary easing policy, this week the big macro-economic numbers to look out for are coming from China We’ll get the country’s trade balance and then consumer price inflation figures tomorrow. Back here in Britain [...]
Expected rate rise build up begins in US – New York Report December 6, 2015 Last week’s back-to-back equities selloff might have been a chance to ride a US stocks rally towards the end of the year, amid the goldilocks economy scenario of a strong jobs market and falling oil prices. The S&P 500 rallied two per cent Friday to eke a slight gain for the week, the ninth up [...]
Syria crisis: How to defeat Isis in five steps without misleading the public December 6, 2015 While the Prime Minister searches in vain for the 70,000 moderate Syrian troops on the ground he disingenuously promised were just waiting for UK air strikes to begin before they rose up against Isis, I thought we might better occupy our time by actually laying out how the terror state can be strategically defeated. Ironically, [...]
The City must get behind the European Commission’s sensible financial reforms December 6, 2015 The City played host to speeches by EU commissioner Jonathan Hill and the finance minister of Luxembourg Pierre Gramegna last Tuesday. The subject up for discussion was the Capital Markets Union – an excellent example of where the European Commission is taking a pragmatic approach in linking saving more effectively with growth and helping firms [...]
