Chinese decline hits Wall Street – New York Report July 27, 2015 The Nasdaq lost almost one per cent yesterday, after the steepest decline in Chinese stocks in eight years increased concerns that cooling growth in the world’s second largest economy could hurt China’s trading partners. The Dow Jones industrial average fell 0.72 per cent to end at 17,441.79 points, its lowest since February. The S&P 500 [...]
Best of the Brokers for 28 July 2015 July 27, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com DRAX GROUP Whitman Howard reiterated its “buy” recommendation on the electrical power generation firm, ahead of its interim results, which are out today. The broker said: “Operationally, the various units are performing well and we still believe that there is good long term [...]
Britain’s global influence will fade if it turns itself into an Atlantic Singapore July 27, 2015 President Obama’s carefully chosen words last week are a reminder of what is at stake in the forthcoming referendum on Britain’s place in Europe. Known to be a cautious and contemplative leader, the President spoke directly to the British people with a very clear message: the UK’s membership of the European Union “gives us much [...]
Donald Trump’s fairy tale economics is bad for his party and terrible for America July 27, 2015 The Republican Party must be tearing its hair out. For years, visitors from the US have extolled the strength of the party’s potential Presidential candidates for 2016. The pack is certainly more impressive than in 2012 and, with the exception of one or two candidates, they are ostensibly advocates of relatively free market policies. In [...]
Tough love: Britain could slash unemployment by time-limiting benefits July 27, 2015 Most talk of welfare is about how much we spend. Far too little is about how we actually spend it, but this is what really determines whether it does what we want or not. Jobseeker’s Allowance (JSA) is a very small part of the £217bn per year we spend on welfare, costing around £5bn annually. [...]
With his Asia trade mission in full swing, should David Cameron be playing the salesman for the UK? July 27, 2015 Allie Renison, head of Europe and trade policy at the Institute of Directors, says Yes. Ultimately, it is businesses themselves that will increase the volume of the UK’s international trade, but politicians also have a role to play in bringing British firms and foreign governments together to discuss facilitating the flow of goods and services. [...]
Gold price hits five-year low: Is it all over for the precious metal? July 27, 2015 With prices at five-year lows, Annabelle Williams asks whether the precious metal is truly hammered The gold price has been hammered in the last few weeks, leaving the precious metal at the lowest prices for five years. Gold took a nosedive last week when an unknown entity – with considerable power, perhaps a [...]
How much lower can the Australian dollar go? – CNBC Comment July 27, 2015 Commodities have been a crushing long trade, with the latest rout taking oil below $50 a barrel, and the commodity currencies to six year lows. They are not the only victims, with gold, copper, iron ore, mining stocks and soft commodities also casualties in a rollover that some are calling a second wave meltdown. The [...]
Why it’s a pivotal week for more than just US assets – eToro tips & picks July 27, 2015 IT’S A massive week for US markets, with both the GDP print and the all-important two day Federal Open Market Committee meeting. Fed chair Janet Yellen will be looking to either dispel rumours or confirm the fact that we are very close to the first rate hike in the US in almost 10 years. So [...]
Sounding off: How to speak up at meetings July 27, 2015 A colleague’s introduction will legitimise your comments Meetings can be daunting for any introvert, but there is no virtue in silence. Not only will your good ideas go unheard, you risk sending the wrong message to your superiors: either that you’re lazy and unprofessional; or that you don’t have anything valuable to contribute. Here are [...]
