Today on The Economy News
Apple Inc. and QUALCOMM, Inc. see ratings downgraded to Sell ahead of “hardware at cost or a loss” era
Analysts at Berenberg Bank have today told clients that they are bearish on the Technology Hardware sector with Sell calls issued from sector leaders like Apple and Samsung right through to laggards such as Nokia and Blackberry.
Latest on The Economy News
- HSBC Holdings plc: HSBA shares hit lower as investors persist with a now 6 pct correction from 4.5 year highs
- EMED Mining Public Limited and Chariot Oil & Gas Limited: Two stocks forecasted to head in opposite directions
- Outlook for Sirius Minerals PLC and XCITE ENERGY LIMITED suggest short-term price action will be biased to the downside
- Outlook for the Australian dollar dealt a blow as Goldman Sachs forecasts further declines; technical charts firmly against the AUD
- Outlook for the Euro boosted further as German Gfk index rises unexpectedly; technical traders say 1.3 level will be critical to further direction
- Outlook for the British Pound Sterling: GBP/AUD breaks resistance, GBP/EUR and GBP/USD pairs facing technically bearish price-chart action
- Outlook: Pound euro exchange rate forecasted to end week in the red; Should GBP be putting in a better performance against the EUR?
- Outlook for Gulfsands Petroleum plc (GPX): Shares tipped to head lower towards 80.5 ahead of rebound
- FX Alert: Pound sterling forecasted to rebound against US dollar say Lloyds Bank in strategic currency note
- Australian dollar and New Zealand dollar on the back-foot against the British pound sterling
Featured Viddy - Can This Video Create Some Much Needed Momentum For Windows and Nokia?
This is not about Apple vs. Android. Android is not mentioned once. Its Apple vs. Samsung (through its Galaxy brand). Read More ...
Oil prices: Headwinds remain but brent crude unlikely to test anything below 100 USD unless a 'left field' event occurs
- Details
- Category: Commodities
- Published on Monday, 14 May 2012 11:45
The price of brent crude has fallen further this morning and is trading around $110/bbl.
The last day it traded below $110 per barrel was 25 January 2012.
The last time front-month Brent traded intra-day below $100 per barrel was 4 October 2011. The last time it traded below $100 per barrel on two consecutive days was 8 February 2011.
Analyst Amrita Sen at Barclays says that while there are headwinds in the short term, brent crude is unlikely to test anything below 100 USD a barrel.
However it is conceivable should, "something comes out of left field, radically transforms the macroeconomic outlook and re-energises the macro short on oil," says Sen.
And even under those circumstances, Barclays would expect OPEC to start to trim output in the face of the latest resurgence in sovereign debt concerns.
Oil prices have remained under pressure today as political uncertainty from Europe and Greece in particular remains a live issue.
European political tensions intensified in the wake of the Greek elections, with heightened fears that the political impasse may even lead to the exit of Greece from euro area membership.
Given the severity of the repercussions of an exit for all euro area members, our economists believe that such a scenario will be avoided at all costs.
Latest on The Economy News
- HSBC Holdings plc: HSBA shares hit lower as investors persist with a now 6 pct correction from 4.5 year highs
- EMED Mining Public Limited and Chariot Oil & Gas Limited: Two stocks forecasted to head in opposite directions
- Outlook for Sirius Minerals PLC and XCITE ENERGY LIMITED suggest short-term price action will be biased to the downside
- Outlook for the Australian dollar dealt a blow as Goldman Sachs forecasts further declines; technical charts firmly against the AUD
- Outlook for the Euro boosted further as German Gfk index rises unexpectedly; technical traders say 1.3 level will be critical to further direction
- Outlook for the British Pound Sterling: GBP/AUD breaks resistance, GBP/EUR and GBP/USD pairs facing technically bearish price-chart action
- Outlook: Pound euro exchange rate forecasted to end week in the red; Should GBP be putting in a better performance against the EUR?
