Morningstar – 10 Aug 2012 http://www.morningstar.co.uk/uk/news/articles/107696/Is-the-UK Index -Rally-Sustainable.aspx
Morningstar – 8 Aug 2012 http://www.morningstar.co.uk/uk/news/articles/107665/UK Index -Steady%3B-BoE-Cuts-Economic-Growth-Forecast.aspx
LIBOR stands for London Interbank Offered Rate and is calculated in 10 currencies by taking the average of bids made by leading banks (usually 6 to 18 to remove outliers) for lending rates in London when lending to other banks. LIBOR rates are fundamental benchmarks for setting prices of $350 trillion of financial products. Barclays admitted traders…
Spanish debt auction – Sells more than expected on good demand German ZEW Survey – Sentiment better in Germany and Eurozone IMF Outlook – A little rosier Goldman Sachs – Smashes targets again
Goldman Q1 revenue $9.95 billion, Exp $9.41, EPS $3.92 Exp. $3.55
Rumors are circulating about a possible RRR cut in China, a form of easier monetary policy. (Twitter) Market Talk of a better than expected Chinese Q1 GDP figure out overnight (3am UK time), suggestions of a figure around 9% vs 8.4% forecasted (Squawk Box and Twitter) US policy makers have indicated interest rates will remain…