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
- 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
- Pound euro exchange rate knocking on the door of 1.16; UK GDP update, Bank of England, UK retail sales all fail to provide a lift
- British pound sterling: GBP under the cosh versus EUR; but welcome relief rallies in play against US dollar and Australian dollar
- BT Group plc: BT.A shares could see profit taking as investors book profits, consider Hyperoptic and 'strange' speculation about a Dutch acquisitio
- Brokers: Vodafone Group Plc and Thomas Cook Group Plc upgraded, ARM Holdings plc and Kingfisher downgraded
- Australian Dollar Outlook deteriorates as China disappoints; AUD under pressure right across the board
- Euro Exchange Rate Forecast: Outlook for the euro dominated by impending PMI releases, EUR steady in London morning trade
- Pound sterling outlook: GBP under pressure vs EUR and USD but makes advances vs AUD - 1.5000/15 to provide support for GBP-USD
Featured Viddy - Can This Video Create Some Much Needed Momentum For Windows and Nokia?
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FTSE 100: Blue open, Barclays plc warns on African operations, Glencore International / Xstrata Plc merger to hog focus
- Details
- Category: The FTSE 100 Live - The Heart-Beat of the FTSE 100
- Published on Friday, 21 September 2012 07:31
The FTSE 100 (INDEXFTSE:UKX) is tipped to open 0.4 pct higher than at last night's closing level; futures are indicating an opening level of 5875 with minutes to go.
"European headline shares were higher this morning, building on positive overnight gains from Asia as rumours of potential further stimulus measures from China took its round and provided bulls with hope that policy makers are not finished with helping to support global growth," says Shavaz Dhalla at Spreadex.
Corporate action:
Barclays plc (LON:BARC): ABSA Group announced "shareholders of Absa are referred to the cautionary announcement dated 21 August 2012 regarding the potential combination of the majority of the Barclays Africa operations with Absa. Shareholders are advised that discussions are still in progress, which if successfully concluded, may have a material effect on the price of Absa’s shares."
Xstrata PLC (LON:XTA) and Glencore International Plc (LON:GLEN) are forecasted to attract most of the attention this morning.
"Investors will have something else to concentrate on aside from the struggling global economy today. The markets will probably be focusing on any announcement from mining giants Xstrata PLC and Glencore International PLC regarding a finale to the potential merger deal. News reports have shown that Xstrata’s board met on Thursday and an announcement as to whether the titanic merger between Glencore and Xstrata is rumoured to be announced today," says Dhalla.
A further incentive for some form of announcement today has been provided by the UK takeover panel enforcing a Monday deadline for the decision.
Latest on The Economy News
- 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
- Pound euro exchange rate knocking on the door of 1.16; UK GDP update, Bank of England, UK retail sales all fail to provide a lift
- British pound sterling: GBP under the cosh versus EUR; but welcome relief rallies in play against US dollar and Australian dollar
- BT Group plc: BT.A shares could see profit taking as investors book profits, consider Hyperoptic and 'strange' speculation about a Dutch acquisitio
- Brokers: Vodafone Group Plc and Thomas Cook Group Plc upgraded, ARM Holdings plc and Kingfisher downgraded
