Best of the Brokers for 04 March 2014 March 3, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com XCHANGING Cantor Fitzgerald has cut the outsourcing and IT group from “buy” to “hold” and lowered its target from 200p to 185p to reflect an expected pause for breath in the firm’s recovery plan this year. The broker thinks the firm is spending [...]
London Report: Ukraine unrest drags on FTSE as volatility climbs March 3, 2014 BRITAIN’S top share index fell to a two-week low yesterday, led down by asset management firms as stocks most exposed to emerging markets fell on increasing tensions in Ukraine. The possibility of war between Russia and Ukraine hit stocks that are particularly sensitive to optimism over global markets, such as fund managers Schroders and Aberdeen [...]
New York Report: US stocks fall despite strong factory activity March 3, 2014 US STOCKS tumbled yesterday alongside other risky assets globally as tensions in Ukraine and Russia escalated after Russian President Vladimir Putin declared he had the right to invade his neighbour. News that Ukraine mobilised for war on Sunday and Washington threatened to isolate Russia economically overshadowed better-than-expected US data, including an index showing that factory [...]
Letters to the Editor – 04/03 – Ukraine crisis, Best of Twitter March 3, 2014 Ukraine crisis [Re: Russia’s Ukraine attack is end of Pax Americana, yesterday] A missile defence umbrella would represent a pointless and long-term burden, and is unlikely to restrain future Russian expansionism. The US and Europe are widely regarded as militarily incapable, and the expenditure of lives and money in Iraq and Afghanistan has proven a [...]
Ukraine conflict adds to perfect storm for international markets March 3, 2014 And investors should expect rising levels of geopolitical risk Market risk sentiment quickly unraveled yesterday, as investors reacted to what has been termed the biggest threat to European security this century. As Russian troops massed in Crimea, stocks in Moscow’s MICEX index crashed by around 9 per cent on the open (see graph), with the [...]
CNBC Comment: Russia’s economy looks set up for a fall March 3, 2014 DECADES of diplomacy ushered Moscow into the international tent. And in the interest of keeping the country inside, Western powers mostly seemed content to ignore Russian aggression across its borders and human rights violations within. But this not-so-Great Game of diplomacy only works when all sides are prepared to at least preserve the façade. Closer [...]
DailyFX Tips & Picks: The trend is your friend if you understand price action March 3, 2014 TRADERS are constantly searching for the “best” tools available. New indicators, systems and strategies often yield even newer indicators, systems and strategies. But what if I told you that everything you need to analyse and trade in a market is already available on the chart? This is called price action, and it’s the use of [...]
DailyFX Tips & Picks: Analyst’s pick March 3, 2014 CURRENCY STRATEGIST CHRIS VECCHIO My pick: Long euro-dollar, euro-yen above ¥141.45 Expertise: Fundamental and technical analysis with risk management Average time frame of trades: A few hours to a few weeks The euro has proved resilient in the wake of Russia’s intervention in Ukraine. Euro-dollar is holding above our key level of $1.3770, and a [...]
The 4C: fast but no alpha male March 3, 2014 Alfa Romeo’s new sports car looks the part but its performance falls short compared to its rivals THERE’S something lurking in the special pit lane structure Alfa Romeo has built over its test track. Even in silhouette, it’s easy to pick out the rakish form of the Italian firm’s new 4C sports car. It’s waiting [...]
Not convinced? March 3, 2014 CHECK OUT THESE ALTERNATIVES… PORSCHE CAYMAN PDK PRICE: £50,705 0-62MPH: 4.9secs TOP SPEED: 174mph CO2 G/KM: 188g/km MPG COMBINED: 35.3mpg THE VERDICT: DESIGN Four Stars PERFORMANCE Five Stars PRACTICALITY Two Stars VALUE FOR MONEY Three Stars LOTUS ELISE S PRICE: £37,150 0-62MPH: 4.6 secs TOP SPEED: 145mph CO2 G/KM: 175g/km MPG COMBINED: 37.5mpg THE VERDICT: DESIGN Two Stars PERFORMANCE [...]
