Gold above $1,200 for the first time since November as Trump economic policy vacuum pulls investors away from equities January 12, 2017 Gold prices continued their rally from mid-December lows as investors edged back from the Donald Trump reflation story. Gold futures prices broke the $1,200 per troy ounce mark for the first time since late November, as the US dollar hit its lowest point for almost a month. Gold usually moves in the opposite direction to [...]
As the Dow Jones hovers beneath 20,000, will the Trump presidency prove a continuing boon to stock markets? January 12, 2017 Garry White, chief investment commentator at Charles Stanley, says Yes. Donald Trump’s tax and spending policies should boost the US economy. He may not get his proposed package through the Senate in full – and boosting growth to 3 per cent plus may be wildly ambitious – but he should get at least some of [...]
Brent crude back above $55 as oil rebounds for the first time in three days January 11, 2017 Oil prices rose more than three per cent this afternoon and tipped Brent crude above $55 a barrel as a Wall Street rally and news of Saudi Arabia supply cuts to Asia buoyed the market. Global benchmark Brent crude was up 3.32 per cent, or $1.78 to $55.42 a barrel, while West Texas Intermediate crude was up 3.27 per cent, [...]
Green bond supply will stagnate in 2017 with no repeat of Chinese expansion January 11, 2017 The rapid increase in green investment bonds will grind to a halt in 2017 as Chinese issuers abstain from providing bumper supply to the market. The amount of green investment bonds issued globally in 2016 doubled to $90m, but such an increase will not be replicated this year, an HSBC research paper outlined. Read more: Government comes under fire for [...]
More sterling weakness pushes FTSE 100 above 7,300 for first time ever as it approaches all-time record run January 11, 2017 The pound dropped to its lowest since the October flash crash as the FTSE 100 closed in on its longest winning run since the index started 33 years ago. The pound fell as low as $1.2052 in mid-afternoon trading, pushing the FTSE 100 over 7,300 for the first time. London’s blue chip index has increased for 11 [...]
Thai-PO: Miner Metal Tiger ready to leap into first Thai float on London Stock Exchange January 11, 2017 Small-cap mining group Metal Tiger is planning to bring what it calls the "first IPO of a Thai operation on the London Stock Exchange" to the market later this year. Metal Tiger, which has been listed on the Alternative Investment Market (Aim) since mid-2014, will float the silver, lead and zinc-focused Thai joint venture on the [...]
Here’s what iZettle had to say about an IPO January 11, 2017 Digital payments startup iZettle has landed further funding from top investors which values the Swedish firm at more than half-a-billion dollars and hired a finance chief, fuelling speculation of an IPO. But, the six-year-old startup which provides payment services for small merchants, said a public offering is just one option in the companies future and a decision [...]
Turkey stuffing: The lira continues to plummet against the dollar on disappointing trade data January 11, 2017 Turkey’s lira has fallen to fresh record lows as the currency continues its precipitous decline over the course of the last year. The lira hit lows of 3.8951 lira to the dollar on Tuesday amid more signs of weakness in the Turkish economy. The dollar had strengthened 1.71 per cent against the lira at the [...]
Tullow Oil announces new chief executive as it reports “another tough year” January 11, 2017 Tullow Oil today announced that chief executive Aidan Heavey will leave the role to become group chairman later this year, and will be replaced by the company's chief operating officer, Paul McDade. Heavey, who founded Tullow and has led it for 31 years, will take on the chairman role after the group's annual general meeting on [...]
Brent crude dips below $55 a barrel on a strong dollar and growing fears that supply cut efforts won’t be effective January 10, 2017 Oil prices fell more than two per cent today to their lowest level in almost a month, taking global benchmark Brent crude back below the $55 a barrel mark. Brent fell 2.4 per cent, or $1.29, to $53.65 a barrel in late evening London time. West Texas Intermediate crude, meanwhile, was testing $50 a barrel – [...]