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  • Article / 31 minutes ago

    3 Numbers: UK manufacturing PMI to contract for a second month in May

    editor/analyst /
    United States
    3 Numbers: UK manufacturing PMI to contract for a second month in May
    More red ink is expected in today's Manufacturing PMI for the UK, with softer domestic growth and weak export orders driving the contraction. The wild card is this month's Brexit vote, and the recession risk it brings. In the IS, the ISM Manufacturing Index is on track to hold steady in positive territory—but only by a thin margin. And while there are hopes for a rebound in consumer spending, no change is expected in light vehicle sales in May compared to April.
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  • 6h
    DudetteUK DudetteUK
    Thnak you for this trade idea Steve!
  • 3d
    hulle hulle
    Actually it does not matter much, the "dam" has been broken. The Visegrad nations will demand the same "deminished" membership as Britain. Less is more!
  • Article / Friday at 12:17 GMT

    Daily Shot: US capex weak, 'vice index' gloomy too Team / Saxo Bank
    Daily Shot: US capex weak, 'vice index' gloomy too
    Weak US capital goods investment, shipments and manufacturers' orders paint a subdued picture, and the so-called "Vice index" of booze, gambling and unhealthy food consumption indicates a weaker economy ahead. Declining US inflation expectations, despite stronger oil prices, are another argument supporting the Fed doves, though Fed officials continue to beat the tightening drum.
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  • Editor’s Picks / Friday at 1:29 GMT

    Indian, Chinese contenders eye Tata's loss-making UK operations

    Nikkei Asian Review
    Tata Steel is groaning under the weight of money-losing British operations, potentially signaling the end of the road for a strategy centered on global expansion. Tata Steel began earnest British restructuring efforts in 2015, resolving to sell off such long-products operations as the Scunthorpe steelworks. Yet the company's Port Talbot plant continues to lose an estimated £1.4mln a day. The company has not named the seven leading contenders for its UK business. But British commodities trader Liberty House, which purchased two Tata mills in Scotland, has made its interest in the operations clear. Excalibur Steel has put forth its own offer. India's JSW Steel and China's Hebei Iron & Steel group have been mentioned as contenders as well
    Read article on Nikkei Asian Review
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  • 5d
    Michael O'Neill Michael O'Neill
    Great story. The NHL can only dream of football riches
  • 5d
    John J Hardy John J Hardy
    A note on that Ashcroft poll - a closer read shows that it asks which way the vote is likely to fall, not what how the survey...
  • Article / 25 May 2016 at 13:00 GMT

    Mind your fungibles and plan to sidestep falling knives

    Hypothesis Testing
    United Kingdom
    Mind your fungibles and plan to sidestep falling knives
    The New York Stock Exchange traces its roots back to the 1792 Buttonwood Agreement and a notorious coffehouse where merchants established an open cry trading pit. If plenty of traders were present, liquidity was good. A whole new trading language emerged along with price economics relevant to this day. And "fungibility''— the immediate interchangeability of an asset — remains a key aspect of highly liquid securities. But fungible stocks can fall fast and hard, so here we offer a few pointers for a defensive stance.
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    Michael O'Neill Michael O'Neill
    Fx time. Another great story. The Barclay's /Lloyds trade was a neat idea
    fxtime fxtime
    Very small range markers expect a big move within 48hrs...sadly the ROC and rate of distribution do not give direction only imply a high vol move...
    fxtime fxtime
    The 48hr window of trading hours takes us to Tuesday as markets are shut for various public holidays so it should be a fun day :-)
  • Article / 25 May 2016 at 8:45 GMT

    From the Floor: Sunny news buoys markets

    Deputy Editor /
    From the Floor: Sunny news buoys markets
    With most of continental Europe basking in summer sunshine, the region's financial markets have roared back into risk-on mode supported by a bevy of sunny news developments including strong US home sales data, a breakthrough Greek debt deal and a new strong lead for the pro-EU side of the Brexit campaign.
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