PLUS1
Four passion investments to look at right now
© Photo by Marco Mornati on Unsplash
Jun 02 2020 @ 04:39
With current economic shocks and market volatility and unpredictability investors may be looking to diversify their investment portfolio to include assets which are more durable in difficult economic conditions. Passion assets, essentially any collectible that a person takes pleasure in owning, are one such diversification. As well as their intrinsic emotional value and tangibility they […]
ADVFN Morning London Market Report: Tuesday 2 June 2020
Jun 02 2020 @ 03:26
London open: Stocks up amid optimism over lockdown easing London stocks rose in early trade on Tuesday amid optimism over lockdown easing. At 0900 BST, the FTSE 100 was up 0.5% at 6,194.83. Ipek Ozkardeskaya, senior analyst at Swissquote Bank, said: “So far, investors remain focused on global business reopening, the fact that the number of […]
Guardian Stockbrokers Key Economic News Tuesday 2 June 2020
Jun 02 2020 @ 02:28
The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK manufacturing PMI advanced in May In the UK, the final manufacturing PMI advanced to a level of 40.70 in May, compared to a level of 32.60 in the previous month. Markets were anticipating the manufacturing PMI to rise to 40.70. Euro-zone […]
Jeff Bezos invests in British tech logistics start-up Beacon
Jun 01 2020 @ 09:54
Founded in 2018, Beacon has raised $15m in a funding round so far Amazon’s Jeff Bezos has invested in a British start-up that seeks to use digital technology to disrupt the global logistics industry. Founded in 2018, Beacon has raised $15m (£12m, €13m) in a funding round with current investors who include Uber founder Travis […]
ICO gone wrong – start-up ordered to return $25.5m to investors
Jun 01 2020 @ 09:53
SEC finds BitClave responsible for selling unregistered securities in its initial coin offering The US Securities and Exchange Commission (SEC) has brought charges against BitClave for “conducting an unregistered initial coin offering (ICO) of digital asset securities” and demanded that the crypto start-up reimburse the 9,500 investors who took part in the sale. Although the […]
SpaceX completes historic mission of launching humans into orbit
Jun 01 2020 @ 09:52
US Nasa astronauts Bob Behnken and Doug Hurley became the first to fly in SpaceX’s Crew Dragon capsule SpaceX has become the first private company to launch humans into orbit, after weather conditions over the Kennedy Space Center in Florida settled on Saturday afternoon to allow a second launch attempt to go ahead. US Nasa […]
Glencore chairman defends miner’s climate strategy
Jun 01 2020 @ 09:51
The chairman of Glencore (LSE: GLEN) and Genel Energy (LSE: GENL) has defended his firm’s current strategy to reduce greenhouse gas emissions following intense criticism from climate activists. Tony Hayward, who rose to international prominence as the CEO of BP during the Deepwater Horizon oil spill, rebuffed criticism that miners such as Glencore are not doing enough […]
South Korea lowers 2020 economic growth prediction to just 0.1%
Jun 01 2020 @ 09:48
South Korea has lowered its economic projections for 2020 to growth of just 0.1 per cent, forecasting the worst economic performance since the 1998 Asian financial crisis. The new projection is down from a previous one of 2.4 per cent, made before the Covid-19 outbreak. It comes after a 250trn won ( approx £165bn, $204bn, […]
Brexit talks go down to the wire
Jun 01 2020 @ 09:45
The latest round of talks between Britain and the European Union over a future trading relationship kicks off tomorrow with both sides, in effect, urging the other to “get real”. Reports suggest both sides are deadlocked on key issues, although informed sources suggested there could be “wriggle room” allowing London and Brussels to reach a […]
ADVFN Morning London Market Report: Monday 1 June 2020
Jun 01 2020 @ 05:36
London open: Stocks rise amid relief over Trump statement London stocks rose in early trade on Monday, with investors relieved that US President Donald Trump did not announce more drastic measures against China in his news conference last week. At 0850 BST, the FTSE 100 was up 1.5% at 6,165.47 as traders in Europe got […]
MINING, OIL AND GAS
Glencore chairman defends miner’s climate strategy
Jun 01 2020 @ 09:51
The chairman of Glencore (LSE: GLEN) and Genel Energy (LSE: GENL) has defended his firm’s current strategy to reduce greenhouse gas emissions following intense criticism from climate activists. Tony Hayward, who rose to international prominence as the CEO of BP during the Deepwater Horizon oil spill, rebuffed criticism that miners such as Glencore are not doing enough […]
Chevron to cut up to 15 per cent of worldwide workforce
May 29 2020 @ 09:54
Chevron Corp is to cut 10 to 15 per cent of its worldwide workforce as part of restructuring by the second-largest US oil producer. The company previously disclosed a 30 per cent reduction in its 2020 spending and voluntary job cuts amid this year’s plunge in oil prices and lower demand for oil and gas due […]
Gold Suffers Mild Decline Following Growing US-China Tensions
May 27 2020 @ 06:16
Gold (XAU/USD) dipped in the early Asia trading session on Monday as growing US-China tensions continue to influence demand on the safe-haven asset. Gold futures shed about 0.47% reaching a low of $1,724 just a few hours ago. The precious metal failed to hold on to its gains from last week’s session. Stocks, which are […]
Exxon Mobil Price Analysis: XOM to Break Upwards Anytime
May 24 2020 @ 03:16
Exxon Mobil shares (NYSE:XOM) are about to break upwards as price action in the chart reveals. The market has been consolidating since April 2020, following a massive drop of January to March 2020. The market has been moving sideways. ADX period 14 is at the level 20 (low momentum), and DM+ is slightly above DM- […]
GLOBAL NEWS
USD/JPY Consolidates Below Level 108, Breakout Likely
May 27 2020 @ 06:01
Key Resistance Levels: 111.000, 112.000, 113.000 Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: Ranging The pair is currently in a sideways move between the levels of 110 and 108. The Yen was in an uptrend but it is facing resistance at level 108. The pair is on a downward move as a result of […]
Bitcoin Witnesses Mild Selloff Following a Decade-Old Address’ Transaction
May 21 2020 @ 23:16
The cryptocurrency community was thrown into a frenzy yesterday after an unusual 50 BTC transaction was carried out by a Satoshi-era wallet which was assumed to be dormant for over a decade. Initially, many believed that this transaction was from the elusive Satoshi Nakamoto, however, subsequent data proved otherwise. The data suggests that it was […]
Bitcoin Cash (BCH) Is Consolidating, but Faces Rejection at $250 Resistance
May 21 2020 @ 22:57
Key Resistance Levels: $275, $300, $350 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Bullish Today, Bitcoin Cash is consolidating above $230 but characterized by small body candlesticks. On May 8, the bulls attempted to retest the $280 resistance but were resisted. BCH dropped to $230 low and resumed consolidation. Further upward move has […]
Ethereum (ETH) Loses $200 Critical Support, May Encounter another Selling Pressure
May 15 2020 @ 23:35
Key Resistance Levels: $225, $250, $275 Key Support Levels: $150, $125, $100 ETH/USD Long-term Trend: Bearish Ethereum has been trading above $200 after a rebound on May 7. However, the king altcoin suffered another setback after a breakdown yesterday. The coin dropped to $180 low but price corrected upward above $185. On the downside, ETH is likely […]
