Standard Chartered rallied 5.4 % to 976p on the news, aiding the FTSE 100 finish the day up 14 points or 0.2 % at 6,950. Investors approved the appointment of the former JP Morgan investment bank boss to take over from Peter Sands. The Royal Bank of Scotland weighed on the index [...]
Analysts are not reading too much into the preliminaries that gold reserves in the Eurozone increased in January based on the data released by the International Monetary Fund. According to the figures compiled by the IMF, the Eurozone gold reserves increased by up to 7.437 tons to 10,791.885. However, the [...]
Sterling was the largest mover on major currency markets last week which was primarily driven by the latest in a batch of more promising indications on Britain's economic prospects ahead of elections this coming May. In Europe, all eyes are focused on Greece and the associated risks to the euro [...]
The world's biggest futures market operator will be shutting down nearly all of its open-outcry futures pits by the 2nd of July, indicating the closing bell on a once-rowdy tradition that has been in the lows since the rise of online trading. The decision by CME Group Inc., announced last [...]
With only a few months to go until the most anticipated General Election there still no close to a clear outcome. The two biggest political parties have near identical edge but does not have enough for a much-needed majority. Another alliance is possible and trying to work things out might [...]
European shares held on very closely to a seven-year high last week and Asian shares were able to hit a six-week peak as investors that bet the European Central Bank would reveal a stimulus drive to bolster the flagging Eurozone economy. Expectations that the ECB will soon announce its sovereign [...]
Securities around the globe diminished last week following the World Bank cut its economic growth predictions for 2015 and 2016, with stocks around the regions including copper which suffered heavily in its single-day drop in more than three-years. The outlook ignited fears that the benefits of cost efficient oil might [...]
A few days ago, bullish sentiments towards gold significantly dropped to approximately 4 % which set the 96 bears against these fearless four bulls with a ratio of 24:1. With the gold currently rallying last week by $80, the question begs on how many of these bears will remain supple and [...]
Some bond funds are now forgoing safety in pursuit of higher yields. There are basically three warning signs that investors should be wary about. The first is that if a fund starts to invest in bonds with a credit rating of CCC or lower, this category is regarded as bonds [...]
Tesco is presently flooded by reports regarding its investigation into its £250 million black hole punters on their shopping list last week as some still remained optimistic of the supermarket giant hitting the pavement. The shares were down more than 20 % in the past month since the revelations were unveiled. [...]