2014: The return of the gold bulls January 6, 2014 Gold analysts are at their most bullish for over a year, according to Bloomberg News. Of the 21 analysts surveyed, 15 expected gold to rise this week, two were bearish and four were neutral. This represents the highest number of bulls seen in the survey since December 2012. The survey follows a Capital Economics note [...]
What you need to know before the open – 06/01 January 6, 2014 European bourses are set to open lower this morning as investors await service PMI results. They follow Asian markets, which were led lower by PMI data that indicated a sharp slowing in Chinese services growth in December. Lack- lustre opening expected in Europe in response to downbeat mood in Asia – FTSE -6, DAX [...]
The year in preview: Our in-depth guide January 5, 2014 City A.M.’s journalists take a wide-ranging look at what 2014 has in store for the world of finance and business BANKINGRestoring faith means costly overhaulsA CAUTIOUS optimism pervades the British and European banking system at the start of 2014. The incoming economic recovery is at last improving customers’ creditworthiness, while the hard work running down [...]
Global Politics: India and Mexico will rise as Europe dies but the US will reinvent itself once again January 5, 2014 I HAVE long strongly advocated a modest proposal for my clients regarding global political risk: judge analysts as you would a plumber. If we do a good job, rehire us. If not, show us the door. For only by assessing real world outcomes can clients separate snake oil salesmen from the real thing. As I [...]
Investment Trends: A year for stock-pickers: 2014 investment winners and losers January 5, 2014 AFTER a surprisingly strong 2013 in many equity markets, I am cautiously optimistic for 2014. One of the key reasons for my slight wariness is that most of the predictions I am reading at the moment are unambiguously positive. There is an unusual consensus around a generally bullish outlook for stock markets, in particular those [...]
Arts and lifestyle highlights for the next twelve months January 5, 2014 From Glastonbury to Shakespeare to Matisse, you won’t be short of things to do in 2014 MUSICArcade Fire confirmed as headliners for Glastonbury 2014The Glastonbury 2014 lineup is being kept under-wraps until summer, but that hasn’t stopped rumours surfacing thanks to loose-tongued artists and hints dropped by organiser Emily Eavis. Arcade Fire instigated a flurry [...]
Why 2014 could be the year gold bounces back January 3, 2014 2013 was a dire year for gold prices, and today's two per cent gain does little to make the 28 per cent slump of last year look any better. But Capital Economics reckons that, with sentiment already so heavily negative, the risks for the coming year are firmly skewed to the upside. For starters, says [...]
What you need to know before the open – 03/01 January 3, 2014 A quiet and steady open is expected for European markets today, as significant data releases remain thin on the ground. US markets closed lower after their first day of trading in 2014, following data that suggested a slowdown in Chinese and US manufacturing expansion. From ETX Capital: At 0430 BST today, FTSE 100 futures are [...]
Here’s why Capital Economics thinks gold will bounce back this year January 2, 2014 2013 was a dire year for gold prices, and today's two per cent gain does little to make the 28 per cent slump of last year look any better. But Capital Economics reckons that, with sentiment already so heavily negative, the risks for the coming year are firmly skewed to the upside. For starters, [...]
Why you’d be “quite stupid” to stay out of the equity game in 2014 January 2, 2014 According to Saxo Bank's Head of Equity Strategy, Peter Garnry, 2014 is still a good year for equities. Despite worries that US Fed tapering will prompt a major correction, Garnry says there's still plenty of value to be had. Equities are drift assets… they rise because of nominal price increases… you would expect them to [...]