Crude oil prices are vulnerable to a sharp downward correction because long positions on Nymex crude are at an 'unstable' high level, analysts warn.
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The London Stock Exchange, drinks company Remy Cointreau and electronics retailer DSG International report results. Consumer confidence data to hit in Germany, France.
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Gold’s seemingly unstoppable rally paused Thursday due to dollar strength and lower equities. Key to future moves will be the dollar, because gold is being bought as a hedge against currency weakness and is benefiting from the carry trade.
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The GBP continues to levitate despite minutes showing that the BOE has little confidence in the UK recovery. Support is coming from the continued appetite for global risk. But, if and when this goes, the pound will fall sharply.
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Obama may be leaving Beijing with no assurance that China will allow the Yuan to start appreciating again. However, with the China economy remaining strong and money growth remaining high, the risk of inflation means China may yet let the yuan start to move again next year.
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The U.S. pharma giant would do well to consider buying Amylin, which could boost its diabetes franchise and further reduce exposure to upcoming generic expiries, as well as giving the ailing biotech firm a much-needed makeover.
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Oil prices rebound above $77 from sharp losses, boosted by a weaker dollar. But fundamentals remain sluggish - US refinery runs are at the lowest levels in decades, reflecting persistent weak consumer demand.
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Stocks rose only a little after Fitch’s warning about the U.K. and ZEW's disappointing decline helped to remove risk appetite. However, markets still appear encouraged by G-20's continued easy monetary policy.
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