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ADVFN Morning London Market Report: Wednesday 23 October 2019
© ADVFN
Oct 23 2019 @ 05:32
London open: Stocks steady amid more Brexit uncertainty# London stocks were steady in early trade on Wednesday as investors mulled the prospect of more Brexit uncertainty. At 0835 BST, the FTSE 100 was flat at 7,212.14, while the pound was up 0.1% against the dollar and the euro at 1.2884 and 1.1583, respectively, having slumped […]
MS International - Owner earnings and intrinsic value estimation
Oct 23 2019 @ 05:09
It’s important to examine MS International (LSE:MSI) with an income metric better than conventional profits after tax, which fail to properly consider the annual cash flows which end up being spent on yet more fixed assets and in working capital items (inventory and receivables in particular) just to support the current strategic market position, and […]
Is A ‘Risk Reversal’ On The Cards? | SPX, NDX, Yen
Oct 23 2019 @ 03:43
Traders are always trying to decipher the underlying risk appetite of markets. So, if several gauges of sentiment all turn at once, it’s worth paying attention. BoJo’s Brexit setback has certainly dampened spirits for traders, although it remains unclear whether it’s a mere blip in the road or the beginning of a broad reversal of […]
Guardian Stockbrokers Key Economic News Wednesday 23 October 2019
Oct 23 2019 @ 03:33
The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK public sector net borrowing posted a deficit in September In the UK, the public sector net borrowing has posted a deficit of £8.73 billion in September, following a revised deficit of £4.92 billion in the prior month. Markets were anticipating public […]
ADVFN Morning London Market Report: Tuesday 22 October 2019
Oct 22 2019 @ 05:50
London open: Stocks steady ahead of Brexit votes London stocks were steady in early trade on Tuesday amid signs of progress in trade talks between the US and Asia, with investors cautious as Boris Johnson’s Brexit deal was set to face its first parliamentary hurdle. At 0830 BST, the FTSE 100 was flat at 7,166.52, […]
MS International - A valuation using return on net tangible assets
Oct 22 2019 @ 05:11
MS International (LSE:MSI) has a very strong balance sheet and decent profits history. But what about the relationship between the two? Given the large amount of net assets devoted to the operating business, does it generate a good rate of return on the money invested? With a Warren Buffett-style investment I expect to hold “forever”. […]
Maybe, Just Maybe… The Dollar Is Due A Bounce | DXY, CHF, NZD, AUD
Oct 22 2019 @ 03:26
The dollar remains under pressure and could well go on to print new lows. Yet over the near-term, could be due a bounce. By Friday’s close, it was the worst 12-day trading period for the US dollar index (DXY) since August 2018. And whilst it remains within a bullish channel, the magnitude of its decline […]
S&P500: Long and Short of It | S&P, Starbucks, Assurant
Oct 22 2019 @ 03:24
S&P500: Long and Short of It | S&P, Starbucks, Assurant The S&P E-mini closed the session with a bullish engulfing candle yesterday and has broken to an intraday high in Asia, on the back of positive news on the US-China trade negotiations. According to President Trump, China has indicated trade talks are advancing, which raises […]
Guardian Stockbrokers Key Economic News Tuesday 22 October 2019
Oct 22 2019 @ 03:21
The key points from today’s economic news, brought to you by Guardian Stockbrokers. German PPI dropped in September In Germany, the producer price index (PPI) dropped 0.10% on a YoY basis in September, compared to a rise of 0.30% in the prior month. Click here to sign up for the in depth Guardian Stockbrokers Market […]
SiGMA Group announces Medical Cannabiz World
Oct 21 2019 @ 09:18
The summit will offer new opportunities for Europe’s medicinal cannabis sector SiGMA Group has announced that the Medical Cannabiz World summit will take place from 4th to 5th November 2019 at the Intercontinental Hotel, St. Julians, Malta. As the largest event in Malta focussing on the fast-growing medicinal cannabis sector, the summit will be where […]
MINING, OIL AND GAS
Brexit Aftermath: The Market Reaction Of Bitcoin, Gold And Pound Sterling To Headline News In The EURO Zone
Oct 21 2019 @ 07:11
After the UK made it public to exit from the EURO bloc, the market cap for Bitcoin and Gold has increased almost by $133 billion and $1 trillion. Is this the Brexit aftermath? As it is, the end may be near for Brexit. In the recent declaration an accord is reached between the British government […]
Europa Metals price forecast: Could the current rally on EUZ be false?
Oct 15 2019 @ 07:41
Europa Metals Ltd stock (LSE:EUZ) is currently experiencing a rally in the context of a downtrend. But there is likehood that the rally would not be sustained unless the condition stated below is met. From May to August 2019, price went flat. Then it rallied massively in August – only to start coming downwards in […]
Weekly COT Report: Sterling Traders The Least Bearish In 3-Months
Oct 14 2019 @ 04:10
Weekly COT Report: Sterling Traders The Least Bearish In 3-Months As of Tuesday 8th October: Traders increased net-long exposure for a 4th consecutive week by $0.8 billion. The Euro saw the largest weekly change among FX majors, seeing net-short exposure increase by 9.4k contracts. Large speculators were their least bearish on the British pound in 3 […]
Trade Dispute Responsible for China’s Overwhelming Gold Purchase Rate
Oct 13 2019 @ 09:24
China has included more than 100 tons of gold to its stores since it continued purchasing in December, fortifying its position as one of the significant authority collectors as national banks load up on the valuable metal. The People’s Bank of China grabbed progressively gold a month ago, raising reserves to 62.64 million ounces in […]
GLOBAL NEWS
Emporium Group (MPM) consolidates ahead of a possible rally
Oct 21 2019 @ 07:17
Emporium Group shares (LSE:MPM) are currently consolidating and that has formed a very strong base, which could make a possible rally occur at any time. Yes, price has shown inability to go further downwards. An upwards momentum is the most probably. The sideways movement has been on since June 2019, and price went further lower […]
Despite Running To The Highest Close In Six Months, GBPUSD May Fail To Reverse
Oct 21 2019 @ 07:03
GBPUSD Price Analysis – October 20 The GBPUSD had closed on Friday above its opening price after recovering from early selling pressure and trending higher for the 4th day consecutively in a row. After failing to reverse from its highs, the FX pair is unstable and due to weekend UK parliament vote on Brexit, with […]
The Economic Proscription of U.S. Farmers by China Maybe Forever
Oct 13 2019 @ 09:34
Similar to a black eye on the face, it’s placing an indelible imprint. The retaliatory levies by China over U.S. commodity producers, such as soybeans, which seem to be forever. The moment such happens for the market it becomes irreversible. It’s a dread numerous farmers from North Dakota to Mississippi have recognized for as far […]
GBPJPY Reverses Its Sell-Off Around the Level at 130.75
Oct 13 2019 @ 09:19
In the prior session, the pair closed lower for the second day in a row, but currently, the GBPJPY displays a weakness further downside of the pair while retaining its wider medium-term outlook by temporal reversal on the level at 130.75. Key Levels Resistance Levels: 148.66, 137.80, 135.774 Support Levels: 130.75, 128.68, 126.54 GBPJPY Long […]
