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 ...
FTSE 100 expected to hold gains ahead of key Eurozone summit, next resistance at 6515
- Details
- Category: The FTSE 100 Report
- Published on Monday, 05 December 2011 10:23
FTSE 100 moves into positive territory after registering a flat open, gains could be capped ahead of key summit.
The FTSE 100 (INDEXFTSE:UKX) is 0.62% higher on the day at 5,586.74 at 10AM in London.
In the run up to the summit at the end of this week it’s hard to see markets doing much unless there’s a similar surprise to catch us off guard such as the central bank move last week. 
"This was the main contributor to the rally we’ve seen thus far this month and with the FTSE 100 trading at around 5560 at the time of writing there’s lots of near term resistance levels seen at 6515/50/85 and to the downside support is seen at 5490/00 and 5340," says Simon Denham at spread bet company Capital Spreads.
On the FTSE corporate front we see TUI Travel Preliminary Results saw underlying PBT up 25% at £360m on revenue ahead 9% at £14.7m.
The dividend is raised 3% to 11.3p a share and added that it was experiencing a slowing in bookings reflecting continuing issues in North Africa and challenging consumer environment in some source markets.
Carillion Contract. A JV company in Qatar has won its first contract in the country, which is due to start this month and will be worth some £316m to Carillion.
Trinity Mirror New Chairman Designate. It has appointed David Grigson, formerly CFO of Reuters and prior to that of EMAP as a Non-Executive Director with effect from 1 January 2012. He will become Chairman in August 2012.
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?
