PLUS1
The Stock Exchange is Looking Ahead to 2021 Already
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04 Jun 2020 @ 16:47
In a recent report by CNBC, it was made clear by Julian Emanuel (BTIG) that investors should be ready for a downdraft. It could go down by as much as 20%, with small caps being at the centre of the crisis. it is time to revaluate and prepare for the concurrent volatility of Wall Street […]
DAX 30 Struggles to Gain Despite ECB Boost, and New Fiscal Stimulus
04 Jun 2020 @ 16:00
The DAX 30 has had a stellar return in the last couple of weeks, and I think the index could add to its gain in the weeks ahead. However, in the very short-term, I think we have seen most of the move in the DAX 30, and I suspect we might see lower prices as […]
Character Group – I’ve doubled my holding
04 Jun 2020 @ 14:49
I have bought more Character Group (LSE:CCT) shares at a price of £2.52 for my Warren Buffett-style portfolio. It specialises in designing toys, arranging for them to be manufactured in the Far East and then selling them to retailers (such as Argos), mostly in the UK and Scandinavia. I first bought these shares in October […]
ADVFN Morning London Market Report: Thursday 4 June 2020
04 Jun 2020 @ 08:47
London open: Stocks fall after three days of gains; ECB in focus London stocks fell in early trade on Thursday following three days of gains, amid growing tensions between the US and China and ahead of the latest policy announcement from the European Central Bank. At 0830 BST, the FTSE 100 was down 0.4% at […]
Guardian Stockbrokers Key Economic News Thursday 4 June 2020
04 Jun 2020 @ 08:16
The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK services PMI advanced in May In the UK, the final services PMI advanced to a level of 29.00 in May, compared to a reading of 13.40 in the prior month. Market anticipation was for the services PMI to rise to 28.00. […]
ADVFN Morning London Market Report: Wednesday 3 June 2020
03 Jun 2020 @ 09:31
London open: Stocks rally after solid Chinese services data London stocks rose in early trade on Wednesday, with sentiment boosted by encouraging services data out of China . At 0840 BST, the FTSE 100 was up 1.1% at 6,285.82. Data released earlier showed that China’s services sector returned to growth in May for the first […]
Guardian Stockbrokers Key Economic News Wednesday 3 June 2020
03 Jun 2020 @ 09:22
The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK Nationwide house prices declined in May In the UK, the seasonally adjusted Nationwide house prices registered a drop of 1.70% on a MoM basis in May, compared to a revised rise of 0.90% in the prior month. Markets were expecting the […]
Four passion investments to look at right now
02 Jun 2020 @ 10:39
With current economic shocks and market volatility and unpredictability investors may be looking to diversify their investment portfolio to include assets which are more durable in difficult economic conditions. Passion assets, essentially any collectible that a person takes pleasure in owning, are one such diversification. As well as their intrinsic emotional value and tangibility they...
ADVFN Morning London Market Report: Tuesday 2 June 2020
02 Jun 2020 @ 09:26
London open: Stocks up amid optimism over lockdown easing London stocks rose in early trade on Tuesday amid optimism over lockdown easing. At 0900 BST, the FTSE 100 was up 0.5% at 6,194.83. Ipek Ozkardeskaya, senior analyst at Swissquote Bank, said: “So far, investors remain focused on global business reopening, the fact that the number of […]
Guardian Stockbrokers Key Economic News Tuesday 2 June 2020
02 Jun 2020 @ 08:28
The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK manufacturing PMI advanced in May In the UK, the final manufacturing PMI advanced to a level of 40.70 in May, compared to a level of 32.60 in the previous month. Markets were anticipating the manufacturing PMI to rise to 40.70. Euro-zone […]
MINING, OIL AND GAS
Glencore chairman defends miner’s climate strategy
01 Jun 2020 @ 15:51
The chairman of Glencore (LSE: GLEN) and Genel Energy (LSE: GENL) has defended his firm’s current strategy to reduce greenhouse gas emissions following intense criticism from climate activists. Tony Hayward, who rose to international prominence as the CEO of BP during the Deepwater Horizon oil spill, rebuffed criticism that miners such as Glencore are not doing enough […]
Chevron to cut up to 15 per cent of worldwide workforce
29 May 2020 @ 15:54
Chevron Corp is to cut 10 to 15 per cent of its worldwide workforce as part of restructuring by the second-largest US oil producer. The company previously disclosed a 30 per cent reduction in its 2020 spending and voluntary job cuts amid this year’s plunge in oil prices and lower demand for oil and gas due […]
Gold Suffers Mild Decline Following Growing US-China Tensions
27 May 2020 @ 12:16
Gold (XAU/USD) dipped in the early Asia trading session on Monday as growing US-China tensions continue to influence demand on the safe-haven asset. Gold futures shed about 0.47% reaching a low of $1,724 just a few hours ago. The precious metal failed to hold on to its gains from last week’s session. Stocks, which are […]
Exxon Mobil Price Analysis: XOM to Break Upwards Anytime
24 May 2020 @ 09:16
Exxon Mobil shares (NYSE:XOM) are about to break upwards as price action in the chart reveals. The market has been consolidating since April 2020, following a massive drop of January to March 2020. The market has been moving sideways. ADX period 14 is at the level 20 (low momentum), and DM+ is slightly above DM- […]
GLOBAL NEWS
EUR/CHF Approaching the Overbought Region, Sellers May Emerge
04 Jun 2020 @ 14:47
Key Resistance Levels: 1.09000, 1.10000, 1.11000 Key Support Levels: 1.05400, 1.05200, 1.05000 EUR/CHF Price Long-term Trend: Bullish EUR/CHF pair is in an uptrend. The pair rebounded at the low of 1.05000 to resume an upward move. A correction candle body tested the 0.618 Fibonacci retracement level. This indicates that the pair will rise and reach level 1.618 […]
EURUSD Confronts a Larger Barrier at 1.1257 Level While Exiting Overbought Positions
04 Jun 2020 @ 14:01
EURUSD Price Analysis – June 4 EURUSD ‘s latest dip from a high of 1.1257 while vacating overbought positions to a level of around 1.1200 could pave way for the rally to recover. In recent days the awaited announcement of the ECB ‘s decision has risen and improved the euro – potentially putting the FX […]
USD/JPY Consolidates Below Level 108, Breakout Likely
27 May 2020 @ 12:01
Key Resistance Levels: 111.000, 112.000, 113.000 Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: Ranging The pair is currently in a sideways move between the levels of 110 and 108. The Yen was in an uptrend but it is facing resistance at level 108. The pair is on a downward move as a result of […]
Bitcoin Witnesses Mild Selloff Following a Decade-Old Address’ Transaction
22 May 2020 @ 05:16
The cryptocurrency community was thrown into a frenzy yesterday after an unusual 50 BTC transaction was carried out by a Satoshi-era wallet which was assumed to be dormant for over a decade. Initially, many believed that this transaction was from the elusive Satoshi Nakamoto, however, subsequent data proved otherwise. The data suggests that it was […]
