Global News

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients; A big week for the markets with participants finally permitted to look away from the prospect of Fed tapering, if only briefly and for disturbing geopolitical and potentially military headlines regarding Syria, only to have to look back again […]

Pound Sterling The Pound spent most of the week softer against its peers as concerns over possible military action against Syria was the main driving force behind the markets. Tuesday’s session saw the Pound fall against the Euro following the release of positive data out of the Eurozone and as tensions over Syria saw investors […]

I can still remember when “Casual Friday” became all the rage.  (You youngsters thought there was always a “Casual Friday,” didn’t you?)  I know of one company where the “Casual Friday” expanded to five working days, so they instituted a “Tie Tuesday.”  I got to thinking this morning that today might be an ideal day […]

Pound Sterling The Pound spent most of the week higher against its major peers and on Monday it continued to ride higher against the US Dollar and Euro thanks to last week’s positive economic data releases. House price data released in the afternoon showed that prices had fallen for the first time in six-months in […]

What is it about the U.S. Federal Reserve Bank that makes the Forex system flutter like a young girls eyelashes when a good looking young man passes by?  I’m no Forex expert (thank you for reading anyway), but this monthly encounter between the world and Ben Bernanke is a lot like young love.  It has […]

I moved to Rochester, New York, in 1970.  The city’s population at that time was just over 296,000 according to the U.S. census.  Sixty-five thousand people, nearly 22% of the entire population of the city worked for Eastman Kodak, the world’s leading manufacturer of cameras and film.  My next door neighbor worked for Kodak.  In […]

Glencore Xstrata (LSE:GLEN) share price tumbled this morning after the mining behemoth reported a first half loss of $8.9 billion.  The share price had dropped 1.49% and 4.20 pence by 1:00 pm, falling from 301.95 to 297.45.  This is a far cry from last year when pre-Xstrata-acquisition Glencore reported a $2.3 billion profit.  In fact, […]

The share price of the Royal Bank of Scotland (LSE:RBS) had dropped from 343.6 to 339.3 as of 13:20 today.  The consensus on the street is that the decline has come as the result of an statement by W&G Investments (LSE:WGI). The statement was in reference to the government-mandated divestiture of 315 under-performing RBS branches. […]

Some rumors just won’t die.  Or as a former CEO friend of mine used to say, “The best way to handle rumors is to ignore them.”  But ignoring them in the financial news reporting business is probably an exception to the rule.  In the stock market it’s the rumors and speculation that make things exciting. […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients; Another FTSE 100 correction week, this time taking us lower than the last to retest summer lows, but also much quicker than last time. Was that it, and is the only way is back up towards summer highs? Or […]