The UK Index ’s miners are suffering this morning (down 3 to 5%) as raw materials prices (excluding oil) continue to track back towards month lows on a trio of drivers; Weekend Chinese trade data showed a surprise drop in both exports and imports (-1.8% YoY and -10.9% YoY, respectively). While Bulls point data not…
All Hail the Gold Market! Why is it that once things start picking up, everyone starts asking when the next big crash will be?! In the case of equities, I don’t think we’re anywhere near it. But what about the other sector that’s enjoyed a healthy recovery so far this year: Metals – especially everyone’s…
My colleague Sam got a huge response to his offer last week of help during earnings season. And that’s because he touched on an important subject that affects every trader at some point and goes to show that the devil is indeed in the detail. If you missed his musings or need reminding of what…
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BHP Billiton (BLT) is underperforming a weak commodity sector, one which is already under the cosh from a USD rebound, an oil price turning over from its highs and persistent global growth concerns after the latest China data. The reason for it faring worse than peers this morning – echoing losses by its Aussie dual-listing…
Shares in broadband satellite operator Inmarsat (ISAT) are the UK Index losers this morning, taking another painful leg down as shareholders jettison their holdings. It would appear that yesterday’s scrapping of revenue guidance that had only recently been given (early March FY results) is continuing to send a bad signal to investors. Capitulation is never…