US crude prices are getting hammered as concerns over a supply glut deepen October 27, 2015 Oil prices fell yesterday as concerns over a supply glut deepened amid US inventory data. US commercial crude stockpiles are expected to have risen for a fifth straight week, by an average of 3m barrels to 479.6m in the week ended 23 October, a Reuters survey showed. This fed into concerns that a supply glut [...]
US GDP data likely to push back Fed hike – eToro Tips & Picks October 26, 2015 Global markets and investors will be focusing on the US this week, as we could get further clarity on when the first rate hike will come from the Fed. This week’s US GDP reading is expected to show that the US economy grew less than predicted, and this will more or less cement the [...]
Fed minutes and Apple’s figures in focus – New York Report October 25, 2015 Another busy week beckons,with the Federal Reserve holding a policy meeting, a plethora of big-name companies posting quarterly financial results, and a number of key economic reports are released. Investors will be paying close attention as the Federal Open Market Committee reveals its latest policy statement on Wednesday. Wall Street does not view it as [...]
Rate of global M&A slowest for three years thanks to Fed uncertainty and China October 22, 2015 Global M&A will slow over the next six months as interest rate uncertainty and the global slow-down led by China erodes business confidence. 2015 is on track to be a record year for M&A, according to a forecast from Intralinks, but the number of early-stage deals being prepared is slowing. Globally, there is likely to [...]
Best of the Brokers for 20 October 2015 October 20, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com ASSOCIATED BRITISH FOODS More bad news for Associated British Foods (ABF), as Berenberg analysts downgraded the food processing and retailing company from “hold” to “buy” while keeping the target price at 3,450p. While ABF’s share price has increased by 10 per cent since [...]
Risk-taking sinks under global unknowns – CNBC Comment October 20, 2015 Caution is key for many investors at the moment – but is it really cash under the mattress time? The experts who are telling investors not to panic and to continue to take risks may yet be proven right, but there is an increasing number of unprecedented unknowns and potential pitfalls in global markets today. [...]
Poor earnings leave equity bulls adrift – eToro Tips & Picks October 19, 2015 The markets have struggled for direction when it comes to the euro, and recent jumps higher have been met with periods of extended selling. With this week’s ECB meeting, and the continued pressure to put back the deadline for the end of QE (or to even add more QE), we could see some much-needed interest [...]
At the close: FTSE 100 dragged down by mining stocks October 19, 2015 The FTSE 100 closed lower today after mining stocks were badly hit by weak economic data from China. The index closed 0.4 per cent down at 6,352 points, led lower by mining company Anglo American which dropped by 7.37 per cent. Earlier today data from China outperformed analysts' expectations with gross domestic product growing at 6.9 per cent, but still [...]
Mining companies take the FTSE 100 lower October 19, 2015 The FTSE 100 has turned negative, led by mining companies, including Anglo American which was four per cent down at 9:50, Fresnillo which was three per cent lower and Glencore which was trading 2.7 per cent down. Chinese gross domestic product figures released today fed further into fears of a global slowdown, pushing mining companies share price down. Read more: China's third [...]
China’s third quarter GDP beats expectations, but it’s the weakest economic growth since 2009 October 19, 2015 China's economy grew by more than expected in the third quarter of this year, easing fears that it is slowing at a greater pace than previously thought. China's statistics bureau said this morning that the country's gross domestic product increased 6.9 per cent between July and September from a year ago, beating analysts' estimates for 6.8 [...]