Clem Chambers

August 1st US treasury secretary Timothy Geithner has argued that Europe has the means and commitment necessary to resolve the continuing euro debt crisis. August 2nd The average yield on 10-year Spanish bonds has risen to 6.65%, a 0.22% from a bond sale in July. In addition to a yield increase demand for the bonds […]

Italian Prime Minister Mario Monti has flown to Berlin to meet with German Chancellor Angelia Merkel before a new sale of Italian debt to discuss the current state of the Eurozone crisis. Mr Monti is expected to call for the German government to support the recent European Central Bank plan to bring both Spain and […]

It’s been a pretty bearish week. This is unsurprising, as it comes after a major rally, one that has paid off well. Even so, it’s never nice to lose for days in a row, even if it is small amounts. I’ve found myself buying a couple of US shares as a spread bet experiment – out of my “crazy punting” fund. […]

This rally continues to go vertical for me. Pace continues to rise so it’s a good job I top sliced and didn’t sell the lot. We must be nearing the end of this rally, as I’m starting to feel the old bullishness coming back to me – a sure sign we are near a top. […]

The Greek government is to ask for the country’s debt reform plan to be relaxed during meetings with the French President Francois Hollande and the German Chancellor Angela Merkel. According to documents obtained by the Financial Time it is expected that the Greek government will request a two-year delay with an additional cost of 20bn […]

The Governor of the Bank of England Sir Mervyn King has said there is “no obvious end in sight” to the on-going euro crisis, creating a series problem for a UK recovery. Writing in the Mail on Sunday Sir Mervyn argued that “if the rest of the world were growing normally, the rebalancing and recovery […]

Global stocks rose to a three-month high Tuesday, following the ECB’s indication it may start buying government bonds again to east pressure on Spain and Italy. As of this morning at least, leading indices and the euro continued to hold gains. The collapse of Standard Chartered’s share price has been cited as the cause of stopping markets from making […]

The White House has stated that Spain faces “difficult challenges” following a discussion between President Obama with Spanish Prime Minister Mariano Rajoy. European markets have responded positively and the euro close to a five-year high. President Obama and the Spanish Prime Minister’s talk follows earlier discussions with French President Francois Hollande and Prime Minister Mario […]

What an excellent week! Trinity Mirror rocketed; this would have been good in any event but TNI is overweight in my portfolio and what’s more I bought an extra clip the day before their figures were announced because the chart looked fantastic. Charting is a bit of a dark art and I use it a […]

Italian resentment toward Germany is growing, putting the eurozone, and the European Union, at risk of a catastropic break up, Italian prime minister Mario Monti has claimed. Monti told Der Spiegel magazine tensions “bear the traits of a psychological dissolution of Europe”. Asked about a strengthening resentment between southern European states and thriftier northern bloc […]