September 2018 - Page 47 of 239 -

Sterling Still Gaining

Sep 25, 2018 Jeremy Parkinson Finance, No picture 0

Sterling continues to move higher with a general improvement in investors’ risk appetite as hopes continue to rise that the UK government will be able to secure a Brexit deal. After last week’s sell off of the Pound, that hope has prompted FX traders to buy the currency back. Theresa May and her government have […]

E Markets: Palaver

Sep 25, 2018 Jeremy Parkinson Finance 0

Another day of lackluster news but with a myriad of central bank speakers. Their palaver dominates into the FOMC. Rates may not yet matter but they are higher and this will glacially move the mountains of risk capital. Just as talking eventually makes forward guidance less powerful, so too, higher rates makes debt less acceptable. […]

Cryptos Crash After “Mt.Gox” Tokyo Whale Renews Bitcoin Liquidation

Sep 25, 2018 Jeremy Parkinson Finance 0

Cryptocurrencies are crashing once again following reports that the trustee liquidating the defunct exchange Mt. Gox has offloaded another 25.98 billion yen ($230 million) of Bitcoin and Bitcoin Cash. While Bitcoin is the best-performer (down around 4%), the rest of the crypto space is collapsing faster… Notably, as Bloomberg reports, the disposals were made in the period […]

This Year’s Rally In US Small-Cap Stocks Begins To Stumble

Sep 25, 2018 Jeremy Parkinson Finance 0

Small-capitalization equities in the US have been on a tear this year, but investors are wondering if the headwinds in recent weeks are a sign that the strong upside momentum has run its course. Small caps are still comfortably in the lead over large caps year to date, but trading in September has witnessed a […]

The Knock-On Effects Of A Deleveraging China

Sep 25, 2018 Jeremy Parkinson Finance 0

Over the last two decades, China has been following the Gerschenkron Growth Model to deliver high levels of extended economic growth. The Gerschenkron model of growth goes like this: Undeveloped countries are plagued by poor infrastructure and have low savings and investment rates. To increase investment and boost development, they lower the household’s share of GDP thus […]

Relatively Vigorous

Sep 25, 2018 Jeremy Parkinson Finance 0

Social media is abuzz with the news that Instagram’s founders are leaving the company and handing the keys over to Mark Zuckerberg. When they initially sold Instagram to Facebook for $1 billion in 2012, Mike Krieger and Kevin Systrom were kept in post, to manage the creative development of the rapidly growing platform. However, after many clashes with […]

E Crude Oil Trading At A 4-Year High; Trafigura Sees $100/Barrel

Sep 25, 2018 Jeremy Parkinson Finance 0

Crude Oil Trading at a 4-Year High; Trafigura Sees $100/Barrel Global crude oil blasted through $80 price level on Monday to peaked at $81.67 a barrel. The jumped in price has been attributed to the comments of OPEC on production cut following President Trump’s call for lower oil prices. Saudi Arabi, OPEC’s largest producer, and […]

Square Price Target Raised To $125 From $86 At Nomura Instinet

Sep 25, 2018 Jeremy Parkinson Finance, No picture 0

Nomura Instinet analyst Dan Dolev raised his price target for Square (SQ) to $125 from $86 and keeps a Buy rating on the shares. The stock closed yesterday up 75c to $86.04. The analyst’s analysis of Square’s fundamentals indicates “buoyant” gross payment volume, revenue and marketing efficacy trends. The company’s “fully cohesive solutions and rapid […]

Greenback Remains At The Fulcrum

Sep 25, 2018 Jeremy Parkinson Finance 0

Overview: The major currencies are mixed in quiet turnover. Most of the European currencies are firmer, while the dollar-bloc currencies, yen and Swiss franc are softer. Emerging market currencies are steady to higher, though there are a few exceptions in Asia, where the Indonesian rupiah and the Chinese yuan are off about 0.3%, while the Indian rupee […]

Indian Indices End On A Positive Note; Banking And Healthcare Stocks Witness Buying Interest

Sep 25, 2018 Jeremy Parkinson Finance, No picture 0

Indian share markets ended their session on a positive note today. Gains were largely seen in the banking sector and healthcare sector. At the closing bell, the BSE Sensex stood higher by 347 points (up 1%) and the NSE Nifty closed higher by 100 points (up 0.9%). The BSE Mid Cap index ended the day up by 0.4%, while the BSE Small Cap index ended the day […]