Category Archives: Forex News
Broker snap | JP Morgan lowers target for Indra
JP Morgan has lowered its price target for Spanish information technology group Indra this morning from nine to eight euros and reiterated its underweight rating on the stock. Analysts at the US brokerage firm say that Spain’s spending cuts hurt...
US close | Jobs data pares losses
Stocks recover on unemployment data A day that started with fears over Spain ended with investors mulling what appears to be a solid recovery in the US economy. In the past few days Spain has emerged as the new sick...
US Close | Spain auction rattles markets
The main Wall Street indices all ended lower as markets continued to mull the Fed’s reluctance to inject more stimulus into the US economy. The dark storm clouds hanging over Spain also seemed to make investors cautious. The minutes of...
European broker round-up
Top European stock recommendations of the day: BNP Paribas: Goldman Sachs adds to its preferred stock list. Deutsche Post: Morgan Stanley downgrades to neutral from overweight and raises its price target to €15 from €13.25. Munich Re: Citi recommends neutral...
London close | Lacklustre day for Footsie
London’s leading shares drifted lower, with little to encourage buyers into the market ahead of the release this evening of the minutes from the March 13th meeting of the Federal Open Market Committee, the US Federal Reserve’s policy-making committee. Sky...
London Midday | Whitbread blows froth off Costa speculation
The Footsie moved sideways in the morning session, prompting the suspicion that many traders have made an early start to the Easter break. Food – and drink – for thought Whitbread’s Chief Executive Officer, Andy Harrison, moved to damp down...
Stocks to track US indices higher
City sources predict the FTSE 100 will open up 10 points from yesterday’s close of 5,875, tracking US stocks higher which rose on the back of better-than-expected US and Chinese manufacturing data. Whitbread has given Finance Director Chris Rogers the...
London open | Heritage bubbles higher on Iraqi success
London has started on the front foot, taking heart from the late surge on Wall Street yesterday, which was sparked by a better-than-expected performance by the Institute of Supply Management’s manufacturing index. Drugs firms in focus Drugs giant GlaxoSmithKline has...
FX open | Aussie weakness on RBA decision
The European trading session is under way with the main equity benchmark indices showing an average gain of 0.1%. Several Purchasing Managers’ Indices (PMIs) on the manufacturing sector were released globally. They were weak in Europe compared to the positive...
Forex and The Continued Fall in the Euro
Continued fall in Euro The value of Euro continues to decline in forex trading. This has proved a major disappointment for many traders. Yesterday it showed a bit rise but fell afterwards. Everyone seems to be becoming habitual to such...
