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Thursday Sector Laggards: Music & Electronics Stores, Education & Training Services
In trading on Thursday, music & electronics stores shares were relative laggards, down on the day by about 1.1%. Helping drag down the...
USD/JPY Blocked by our 3rd Tier Downtrend Line
By Fast Brokers - The USD/JPY continues to hit a brick wall at our 3rd tier downtrend line, revealing the significance of...
Cable touch firmer early
Cable is a little firmer in early European trade, presently at 1.6345. General risk sentiment is in pretty good shape, while the USD is struggling as the realisation grows that we’re not likely to see an early US rate hike. Recent improved UK housing data and PM Brown’s political...
Saab finds a buyer; flows look minimal
Saab, the GM-owned Swedish car-maker, looks like it has finally found a home. A group led by a Swedish car-maker I’ve never heard of Koenigsegg will acquire the brand, according to CNBC. It looks like they will assume gobs of debt, though very little cash will change hands. It is unlikely to...
UK economy weak but improving
That would seem to sum up the prognosis for 2009-2010 from the Confederation of British Industries. Sterling is steady this morning at 1.6440 and .8515 against the USD and EUR...