Canon to revise up camera sales July 20, 2010 Japan’s Canon said yesterday it is thinking of slightly raising its camera sales forecast for 2010 from the current 25.9m units, thanks to better-than-expected sales in the profitable interchangeable lens camera segment. Sales of compact cameras, forecast at 21m units, are in line with expectations, Masaya Maeda, head of the Image Communication Products division at [...]
Sell safe-haven Swissie July 20, 2010 AMID the firestorm that has engulfed the world economy over the past few months, one currency has stood out more than any other as a refuge from the heat and the volatility of the markets. The Swiss franc’s perceived status as a safe-haven – first from the Eurozone sovereign debt crisis and then from the [...]
EURO RALLY IS AT RISK OF STALLING July 20, 2010 DIRECTOR OF CURRENCY RESEARCH, GFT IN MAY, at the depth of the Eurozone crisis when the euro was losing value nearly every day, the majority of currency market analysts were convinced that the pair would go to parity or, even worse, that it would collapse altogether. Yet a mere eight weeks later, the euro has [...]
Germany is the weak link in the Eurozone July 20, 2010 ON FRIDAY, Europe’s bank stress tests are released. This comes at an interesting time for the single currency. Over the past month the euro has had an aggressive rebound, particularly against the dollar, and is now hovering close to the crucial $1.30 level. Expectations are that it will stay around this level until the results [...]
THE TIPSTER July 20, 2010 THE euro has been making up for lost ground over the past couple of weeks and has gained against both the US dollar and sterling. The pound has fallen by 5 per cent against the single currency over the past three weeks and is now back at the £0.85 area that was last seen in [...]
FOREX ANALYST PICKS July 20, 2010 FOREX STRATEGIST JOEL KRUGER My pick: Buy euro-Swiss franc at SFr1.3415 Expertise: Classic technical analysis Average time frame of trades: 1 week-6 months The cross has been under intense pressure for several months, breaking to fresh record lows of SFr1.3070 ahead of the latest bounce. While the trend remains bearish, we have adopted a constructive [...]
Shopping to bear fruit for China investors July 20, 2010 ONCE seen as the saviour of the global economy, the markets are now having second thoughts about China, causing its stock market to fall more than 20 per cent this year. But could this be an opportunity to buy? Valuations are looking compelling, says Doug Turnbull, fund manager of the Neptune China Income fund. Chinese [...]
More to Russia than gas July 20, 2010 FOR years, investment in Russia has meant little more than investment in commodities and energy. And while those sectors still make up a huge proportion of the country’s wealth, those trying to target high-return emerging market growth in Russia should steer clear of the usual country wide benchmarks. Renaissance Capital’s Karol Chrystowski says: “Most of [...]
FROM CUSPS OF CHANGE TO BONDS July 20, 2010 MANAGING DIRECTOR, ARTEMIS CAUGHT between corporate news that is good and macroeconomic news that is bad (or, rather, not as good as it was), investors are understandably unsure. A “flight to safety” is still the default for investors – and that’s bad for equities. What, we wonder, should equity investors pay for £1 of future [...]
FUND MANAGEMENT NEWS July 20, 2010 JEYES HIRES SEI AS FIDUCIARY MANAGER Household cleaning product manufacturer Jeyes has this week appointed SEI as fiduciary manager to the £22m Jeyes pension fund and the £2.6m Jeyes Supplementary Pension Scheme. SEI’s Institutional group is the largest global provider of fiduciary management services and currently has over 500 fiduciary management clients. Tim Cave, chairman [...]
