COP21 and how to profit from tougher environmental regulation: Investors buy shares in companies which make the world cleaner, greener and safer after the Paris climate talks December 1, 2015 As global leaders meet this week in Paris at the United Nations climate conference, there’s only one industry welcoming the prospect of greater regulation – the firms which help people comply with the rules. This latest round of climate talks, known as COP21, involves 160 countries debating ways to tackle climate change. While the [...]
The Fed will clear things up for Aberdeen and co. November 30, 2015 Aberdeen Asset Management boss Martin Gilbert was in a bullish mood yesterday, insisting that his firm posted "a great set of numbers considering emerging markets are so out of fashion”. Emerging markets did, indeed, fall out of fashion earlier in the year – largely accounting for the £12.7bn worth of outflows that Aberdeen racked up [...]
George Osborne’s Big Red Book is securing UK prosperity while Maoism gathers dust November 30, 2015 George Osborne set out last week how this government is fulfilling its manifesto promises: delivering financial security on the back of economic growth, and national security in an uncertain world. Coupled with plans to make markets work better for families and firms – like increasing competition so bills come down – he spoke to the [...]
Euro-dollar trader? Look elsewhere this week November 30, 2015 With the euro tumbling nearly 950 points since mid-October, how much further can euro-dollar drop? Some say to $1.0450, others parity. We don’t disagree with either of these outlooks and the FXCM SSI index shows that retail traders are still net long the euro-dollar. As it’s a contrarian indicator, it suggests we should remain net [...]
China dominates sentiment in listless market – eToro Tips & Picks November 30, 2015 If there are no unexpected developments in the Middle East or any other major news events, the next few days are likely to be reasonably quiet for the US and European markets. Investors seem to be watching and waiting ahead of Friday’s US non-farm payrolls report and Janet Yellen’s speech. Even if the markets [...]
China’s yuan clinches membership of the International Monetary Fund’s special drawing rights basket November 30, 2015 In a much expected move, the International Monetary Fund (IMF) has included China's currency, the yuan or RMB, in its elite currency basket. The yuan joins the yen, pound sterling, US dollar and euro in the IMF's special drawing rights – which acts as the IMF's own currency. While the move has little immediate practical significance, it is [...]
COP21 Paris climate summit: “Climate responsibility” will not come for free November 28, 2015 If you expect the 21st UN Climate Summit to deliver an ambitious and globally binding climate agreement, prepare to be disappointed. In research done by Simon Herr at the the School of Economics and Political Science at the University of St Gallen, it is shown that previous summits such as Copenhagen in 2009 failed for [...]
At the close: FTSE 100 index closes lower on miners November 27, 2015 The FTSE 100 closed down today, led lower by miners after having made gains yesterday. The UK's top blue-chip index closed 0.28 per cent down, at 6,375 points, led lower by Anglo American and Glencore, after negative data from China was released showing that Chinese industrial profits fell 4.6 per cent in October. Miners, other than BHP Billiton, yesterday led [...]
The FTSE’s best two day run since October – London Report November 27, 2015 THE FTSE 100 closed higher yesterday evening as miners made gains, despite BHP Billiton sliding. The UK’s top blue-chip index closed 0.88 per cent up, at 6,393 points, following the 0.96 per cent gain on Wednesday on the back of the chancellor’s Autumn Statement that sent housebuilders’ stocks higher. Glencore led the pack, closing 5.85 per [...]
At the close: FTSE 100 enjoys best two back-to-back days since October as it closes higher as miners make gains November 26, 2015 The FTSE 100 closed higher today as miners made gains, despite BHP Billiton sliding. The UK's top blue-chip index closed 0.88 per cent up, at 6,393 points, following the 0.96 per cent gain yesterday on the back of the chancellor's budget plans that sent housebuilders' stocks higher. Glencore led the pack, closing 5.85 per cent up at 95.88p per [...]