Miners Randgold Resources (RRS) and Fresnillo (FRES) are outperforming on the UK Index this morning thanks to a rebound by Gold from $1250 support. This comes thanks to Friday’s goldilocks US jobs report (not too hot it means imminent US rate rise; not too cold that we need to worry about US growth) taking USD…
Income is an essential part of our financial lives. It allows us pay the bills and lead a certain lifestyle. Even if our bank accounts suggest otherwise, paying measly interest on what cash we keep to hand. Low bond yields have made annuities unattractive, encouraging many to take their finances into their own hands, becoming…
Gold and Oil get significantly more press coverage than the rest of the commodity stable. Unfairly so in our opinion. The former is the safehaven of choice for most, scarcity ensuring its value holds up well during times of economic and market stress and investor uncertainty. It is also sensitive to interest rate policy with higher…
The UK 100 looks set to close 1% to the bad this week, maintaining its downtrend from late last week. However, it would be grossly unfair to leave you thinking only negatives as we move into the weekend. Even if the media does its best in tomorrow’s papers to focus on the handsome group of…
Last week I wrote about how bad economic data could sometimes actually be good for financial markets, sending share prices higher, even if it does depend on how optimistic investors are feeling at any given moment. Last week’s mixed US data meant investors welcomed the prospect of delay to any forthcoming US rate rise. Increased…
The UK Index ’s Miners are holding the UK flagship index back from a more meaningful test of 6900 support this morning. This is thanks to a weaker USD (expectations of further US rate rise delay), some positive Services data from China and India overnight and hopes that the G20 meeting in China serves to…