Best of the Brokers for 03 March 2015 March 2, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com TULLOW OIL Stifel reiterated its “buy” rating on the oil firm, following the announcement that Côte d’Ivoire has applied for provisional measures to be ordered in Ghana’s maritime boundary dispute. SMITH & NEPHEW Numis reiterated its “hold” rating on the medical equipment manufacturer, saying [...]
Tullow drags index lower – London Report March 2, 2015 BRITAIN’S top equity index briefly touched a new record high yesterday before turning negative as commodity stocks weakened, led lower by a slump in Tullow Oil. The blue-chip FTSE 100 equity index rose as much as 0.3 per cent to a record intraday high of 6,974.26 points, with early gains propelled by mining stocks after [...]
Nasdaq breaks the 5,000 mark – New York Report March 2, 2015 THE Nasdaq yesterday closed above 5,000 for the first time since the year 2000 dot-com bubble as tech stocks were boosted by deals, while the S&P 500 and Dow indexes hit records after economic data pointed to a slowly accelerating economy. The Nasdaq composite index gained steam in the late afternoon to finish firmly above [...]
The North Sea is drowning in tax: Only radical action will salvage UK oil now March 2, 2015 Following his comments at the recent opening of the OECD’s Economic Survey, it is to be hoped that the chancellor gives North Sea oil companies, their shareholders, and their employees enough reason to cheer when he announces the Budget on 18 March. He recognised that the oil and gas industry is a vital national asset [...]
The licence fee is obsolete – but a new BBC poll tax would be just as bad March 2, 2015 BBC director-general Lord Hall must have thought all his Christmases had come at once. For years, the corporation has been on the defensive about the future of the TV licence fee. Campaigners had highlighted how it is being rendered obsolete by the increasing numbers watching TV via iPlayer catch-up services, on tablets, computers and on [...]
Valley of death: How we can close Britain’s dire SME funding gap March 2, 2015 George Osborne should be satisfied with progress in driving forward the British economy, which the OECD applauded last week for its outperformance against other Western countries and its textbook economic reforms. As part of its package of initiatives to ensure momentum is maintained and growth accelerates, the UK government recently announced a new Help to [...]
With the US army chief warning on UK defence cuts, is Britain’s global position under threat? March 2, 2015 Dr John Hulsman is president of John C Hulsman Enterprises, says Yes Army chief of staff general Raymond Odierno is merely stating the glaringly obvious. During the Prime Minister’s recent January trip to Washington, he was told in no uncertain terms that the confidence of America – Britain’s seminal ally – is eroding, at the [...]
ECB meeting preview: What traders should expect from it March 2, 2015 Despite a range of economic indicators suggesting that the Eurozone economy has finally begun to turn a corner, markets had an uncertain start to the week. Although the currency bloc’s unemployment rate slipped to 11.2 per cent in January and a flash estimate of inflation came in at a better-than-expected -0.3 per cent in February, [...]
Why demography –not QE – is destiny – CNBC Comment March 2, 2015 The latest figures from Europe have been getting better. Let’s hope it lasts. Nonetheless, the debate continues over whether the European Central Bank (ECB) has done “too little too late” in terms of its trillion-euro QE program to avoid “Japanese-style” deflation. It is a debate that has raged ever since the US Federal Reserve embarked [...]
Managing risk and expectations: Average True Range – Daily FX Tips & Picks March 2, 2015 TRADING always involves risks and rewards. Your position has a potential upside (it’s the reason you trade), yet to be able to take advantage of it, you need to accept some risk. One simple way to assess this is to use the Average True Range (ATR) indicator. The indicator gives you the average range over [...]
