Latest topics
China can't keep a lid on it
Page 1 of 1
China can't keep a lid on it
In mid-morning trading the FTSE 100 is in the red as worries over China and Greece take their toll.
The speculation that China will loosening lending policies to try and spur business activity is causing more harm than good as it sends out the message that its economy is in dire need of stimulus, and the is driving dealers towards the door. All the news out of China recently has done nothing to restore confidence in its financial markets, and the ripple effect can be felt in Europe. The Greek bailout is still hanging over the markets, and the nation is heading for a lose-lose situation whereby even if the package is signed off by creditors it will split the Syriza party wide open.
Sterling has shot up against the US dollar after the UK CPI report showed a surprise increase in inflation. A move away from zero inflation to minimal inflation won’t cause a massive stir at the BoE but it will turn a few heads, especially since at least one member is in favour of hiking interest rates.
Shares in John Wood Group are offside this morning after the firm revealed a drop in revenue and earnings, but the oil services firm upped its dividend and its cost-cutting scheme is going well. As long as big energy companies keep slashing their capital expenditure budgets the price of John Wood’s shares will stay in its downward spiral. Shares in Persimmon have retreated even though the company continues to produce rising revenue and profits. Any selloffs in Persimmon provide an opportunity to buy on the dips, and the share price of the housebuilder has been driving higher since 2008. High property demand, helped by the low interest rate climate, is keeping the stock attractive.
We are expecting the Dow Jones to open 45 points lower at 17,500. The sentiment surrounding the US futures market has changed, and the concerns over Greece and China are weighing on the market. The US market finished on a high note yesterday, but the tone is very different today as the US follows it lead from the Far East and Europe.
http://www.fxstreet.com/analysis/market-insight/2015/08/18/
Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Sat Apr 13, 2024 11:51 am by Mission1st
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Apr 13, 2024 11:45 am by Mission1st
» Russia aren't taking any prisoners
Fri Apr 05, 2024 6:48 pm by kenlej
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
Wed Mar 27, 2024 6:02 am by Ditartyn
» ZIGPLACE
Wed Mar 20, 2024 6:29 am by Zig
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Sun Jan 28, 2024 3:28 pm by Mission1st
» Tucker talking Canada
Wed Jan 24, 2024 6:50 pm by kenlej
» Almost to the end The goodguys are winning
Mon Jan 22, 2024 9:03 pm by kenlej
» Dinar Daily Facebook Page
Mon Jan 22, 2024 3:34 pm by Ponee