Futures Pointing To Roughly Flat Open On Wall Street – US Commentary

While the German DAX Index is down by 0.1%, the French CAC 40 Index is just above the unchanged line and the UK’s FTSE 100 Index is up by 0.2%. In commodities trading, crude oil futures are sliding USD0.42 to USD59.66 a barrel after jumping USD1.50 to USD59.97 a barrel on Tuesday.

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Oil finds Support from Pipeline Blast in Libya

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Oil Trims Recent Gains Near $60

The rally in crude oil prices paused Wednesday morning ahead of U.S. inventories data.

The American Petroleum Institute releases its weekly report this afternoon, followed tomorrow by the Energy Information Administration.

WTI light sweet crude oil …

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Gold Retains Holiday Shine

Gold prices were flat Wednesday morning in quiet trade, as as many market players remained away from their desks for the holidays.

The next catalysts will come after the the turn of the new year with the release of the U.S. labor report for December….

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New year new home? Future looks bright as EU clouds clear

Next year could see the FTSE 100 hit new highs as the share price bull run stretches into its ninth year. The days of double-digit house price growth may finally be over, but property will still grow at a steady pace, experts say. Sterling should conti…

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U.S. Dollar Declines Against Majors

The U.S. dollar fell against its major counterparts in the European session on Wednesday amid subdued trading in a holiday-shortened week.

Trading volumes were light, as many traders were still away from their desks following Christmas.

Investors aw…

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FTSE 100 fairly quiet; retailers and miners in demand

It’s been fairly quiet here in London so far, with most of the fund managers probably indulging in a little aprés-ski in Verbier or somewhere… shopping centre. Most of the blue chip miners were registering 1%+ gains at the halfway stage on Wednesday …

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Futures Projects Wall Street To Be Positive At Opening

BRUSSELS/FRANKFURT/PARIS (Alliance News) – The Pending Home sales, Mortgage Applications, and the Red book data are the major economic announcement on Wednesday. The market is still in a subdued in its activity. Asian shares finished broadly higher. Fo…

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The Buzz Around Bitcoin

Bitcoin may be the wonderkid of the financial markets this year, with the price of the cryptocurrency, once dismissed as something reserved for the geeks, cryptography enthusiasts and the darknet, skyrocketing to unprecedented levels, alternating with…

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FTSE 100 heads toward record in thinned holiday trade

UK traders returned from the Christmas holidays in an upbeat mood on Wednesday, sending the benchmark stock index higher and setting it on track for a record close, MarketWatch reports. What is the market doing: The FTSE 100 index rose 0.3% to 7,611.40…

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European Markets Mixed At Midday Amid Cautious Trading

The UK market is up marginally, with its benchmark FTSE 100 gaining 13.50 points or 0.18% at 7706.19. Provident Financial, Fresnillo, Glencore, BHP Billiton, Rio Tinto, Anglo American, Mediclinic, Burberry Group, Antofagasta, Babcock International, Hik…

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Daily Forex News and Analysis — December 27th 2017

Wall Street finished in the red on Tuesday, weighed down by losses among big technology companies. The Dow Jones fell by 0.03%, the S&P 500 by 0.11%, and the NASDAQ lost 0.34% from its value. The US dollar traded in a tight range against major currencies on Tuesday, wavering around the unchanged mark, while trading volumes remained thin during the holiday season. Today, the CB Consumer Confidence is expected at 128.2 vs. 129.5 […]

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LONDON MARKET MIDDAY: Gains By Commodities Push London Stocks Higher

LONDON (Alliance News) – Commodities were helping to boost the FTSE 100 at midday on Wednesday, with gains for oil majors and copper and gold miners lifting the index of large-caps amid a quiet post-Christmas trading session. The mid-cap FTSE 250 also …

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Midday market report: FTSE positive, miners and food retailers bullish

StockMarketWire.com – The FTSE 100 advanced 8 points to 7,600 as trading resumed following the festive period, led by the mining, oil and food retail sectors. The top … FTSE 100 miner Rio Tinto (RIO) said it has completed its $1.5bn share buyback pro…

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Swiss Investor Confidence Highest Since 2010

Swiss investor confidence strengthened further in December to its highest level since early 2010, thanks to stronger economic expectations, survey data from the Credit Suisse and the CFA Society Switzerland showed Wednesday.

The Credit Suisse CFA Soc…

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Small Cap Value Report (Wed 27 Dec 2017) – DFS, HAL, D4T4, WEY

Good morning/afternoon, it’s Paul here.
I hope everyone has had a smashing Christmas break.
As you would expect, there’s very little news today. A couple of items caught my eye.

DFS Furniture (LON:DFS)
Share price: 198.25pNo. shares: 211.7mMarket cap: £419.7m
Acquisition – this is only of passing interest. DFS has bought 8 stores, and the intellectual property of MultiYork, a smaller competitor which went bust not long ago.
This sector is looking quite interesting, as there are several up and coming new entrants. Plus, Harveys amp; Bensons Beds are reported to be in financial trouble, due to a reduction in trade credit insurance. People often forget that it’s not just banks which extend credit to many companies, but also trade credit insurers can be even more important. If the trade credit insurers lose confidence in a company, and refuse to insure its suppliers against bad debts, then that can kill a business, as supplies dry up. An example was the original Game Group (now in a new incarnation of Game Digital), which went bust in Mar 2012, when suppliers refused to supply products due to withdrawal of credit insurance.
For me, its awful balance sheet rules…

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Small Cap Value Report (Wed 27 Dec 2017) – DFS, HAL, D4T4, WEY, CLP

Good morning/afternoon, it’s Paul here.
I hope everyone has had a smashing Christmas break.
As you would expect, there’s very little news today. A couple of items caught my eye.

DFS Furniture (LON:DFS)
Share price: 198.25pNo. shares: 211.7mMarket cap: £419.7m
Acquisition – this is only of passing interest. DFS has bought 8 stores, and the intellectual property of MultiYork, a smaller competitor which went bust not long ago.
This sector is looking quite interesting, as there are several up and coming new entrants. Plus, Harveys amp; Bensons Beds are reported to be in financial trouble, due to a reduction in trade credit insurance. People often forget that it’s not just banks which extend credit to many companies, but also trade credit insurers can be even more important. If the trade credit insurers lose confidence in a company, and refuse to insure its suppliers against bad debts, then that can kill a business, as supplies dry up. An example was the original Game Group (now in a new incarnation of Game Digital), which went bust in Mar 2012, when suppliers refused to supply products due to withdrawal of credit insurance.
For me, its awful balance sheet rules…

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Small Cap Value Report (Wed 27 Dec 2017) – DFS

Good morning/afternoon, it’s Paul here.
I hope everyone has had a smashing Christmas break.
As you would expect, there’s very little news today. A couple of items caught my eye.
Sorry, I’m having technical problems, and have just lost the first part of today’s article. Please bear with me as I reconstitute it.

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Finland Business Confidence Highest Since Aug 2007

Finland’s business sentiment strengthened in December to the strongest level in more than ten years, survey conducted by the Confederation of Finnish Industries EK showed Wednesday.

The manufacturing confidence index climbed to 18.0 in December from …

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EUROPE MARKETS: European Stocks Seesaw As Traders Return From Christmas Break

The U.K.’s FTSE 100 index rose 0.2% to 7,603.76, flirting with a record high (http://www.marketwatch.com/story/miners-lead-ftse-100-higher-toward-record-in-holiday-thinned-trade-2017-12-27). The euro rose to $1.1880 from $1.1859 late Tuesday in New York. “A thin volume trading is a general theme …

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EUROPE MARKETS: European Stocks Seesaw As Traders Return From Christmas Break

… DAX 30 index was trading around the flatline at 13,069.83, while France’s CAC 40 index was flat 5,364.97. The U.K.’s FTSE 100 index rose 0.2% to 7,603.76, flirting with a record high (http://www.marketwatch.com/story/miners-lead-ftse-100-higher-toward-record-in-holiday-thinned-trade-2017-12-27).

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Online, Real-time Test of AI Stock Picking? [PREMIUM]

Will equity funds “managed” by artificial intelligence (AI) outperform human investors? To investigate, we consider the performance of AI Powered Equity ETF (AIEQ), which “seeks long-term capital appreciation within risk constraints c…

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