Augustin Eden, 8 Feb European investment banks are the talk of the town on Monday following a week in which some major names (Credit Suisse, Deutsche Bank to name 2) came out with some minor numbers. Monetary policy that’s easy for the consumer has been tough for banks – some might say quite rightly –…
Rolls Royce (RR.) share price thrusters in reverse at this morning on news management is set to meet Thursday to discuss the extent of its first dividend cut in more than 20 years (by how much? for how long?). Weakness limited, however, by shareholder relief from talk of the company avoiding a sixth profits warning which…
Analyst summary – 5 Feb 2016 This was the week for those who remained loyal to that investor favourite – the Mining sector. Anyone who dared called the bottom in late January may have shivered at a slight pullback on Mon/Tues as gains of circa 20% in certain names began to be consolidated. However, those…
Forget oil stocks. Banks are killing your portfolio CNN Money – 5 Feb http://money.cnn.com/2016/02/05/investing/bank-stocks-worse-than-oil/ Anglo American and Glencore share price: Mining stocks are surging againCityAM – 5 Feb http://www.cityam.com/233938/anglo-american-and-glencore-share-price-mining-stocks-are-surging-again Markets brace for US jobs report – business live Guardian – 5 Feb http://www.theguardian.com/business/live/2016/feb/05/markets-us-jobs-report-non-farm-business-live U.K. stocks wobble as miners…
Resurgent UK Index Miners are waving the wooden spoon this morning, giving up ground as traders who dared bottom-pick over the last 3 weeks sensibly book some handsome and very welcome 10-40% profits following a helpful combination of USD weakness, short covering, technical breakouts and brokers suggesting a bottom for some base metals. News of…
Retail investors are rushing back into UK 100 Miners, jumping on momentum from a weak USD inspired by hopes the Fed dials back on its hawkish trajectory for US rate rises. Gains may be despite little change on the commodity supply glut front, however, it would appear that an increasing faction views the sector as…