Articles by London
Morning Gold Market Report 8/22
August 22 2012 10:17 AM EDT
While optimism toward the EU debt situation has waned slightly in many markets, gold seems to have maintained a generally positive track to start today. Perhaps because of hopes that today's FOMC meeting minutes will serve to keep hope of additional US easing alive. Gold was possibly drafting support from comments from the head of the PBOC, who suggested that the central bank will need to use all available tools to stimulate the Chinese economy.
Morning Silver Market Report 8/22
August 22 2012 10:16 AM EDT
Silver has forged a rather impressive 5 day rally of $1.61 an ounce and that has probably increased the overbought prospects significantly. Clearly silver was cheered this week by hopes of a solution to the EU debt problem, but silver was also lifted by fresh hopes of Chinese easing. Silver could get an additional lift today if the US Fed meeting minutes provide fresh hope of additional US easing.
Disappointing Japan Trade Data Weighs Down US Stock Futures
August 22 2012 4:07 AM EDT
U.S. stock index futures pointed to a lower open Wednesday as investor confidence was weighed down by the report that Japan returned to trade deficit in July indicating a soft global demand and weakening economic growth momentum.
European Stocks Fall As Japan’s Trade Data Disappoints
August 22 2012 3:53 AM EDT
European markets fell Wednesday as investors were disappointed to note that Japan returned to trade deficit in July, which was another indication of the weakening global economic condition.
Jaguars Reach Deal to Play Four Games at Wembley Stadium
August 21 2012 5:50 PM EDT
Jacksonville has struggled to sell out their home stadium.
Arsenal Transfer Rumours: M'Vila, Sahin, M'Bengue and Chamakh Discussed in Latest Speculation
August 21 2012 2:48 PM EDT
Arsenal manager Arsene Wenger is looking to strengthen his midfield and defensive options before the close of the transfer window.
Electronic Arts Pulls Promo For Real-World Weapon Sales From Medal Of Honor Website
August 21 2012 2:25 PM EDT
Electronic Arts Inc. (Nasdaq: EA) has removed a controversial promotion from the website for its upcoming military shooter "Medal of Honor: Warfighter" video game to sell branded weapons to the general public.
Dom Mintoff Dies: The ?King? Of Malta, A Super-Catholic State More Arab Than European
August 21 2012 1:47 PM EDT
At one point, Mintoff said Malta was part of the ?Arab world? ? a stark symbolic separation from its long British identity.
US Stocks About To Fall Off A Cliff - Analysts
August 21 2012 12:01 PM EDT
There's an almost-daft energy over Wall Street at the moment as stocks keep to four-year highs, a trend that hasn't kept analysts from warning that the party is about to be over.
Morning Gold Market Report 21th August
August 21 2012 10:46 AM EDT
With a fresh new high for the move overnight, December gold prices rose to the highest levels since August 10th. At least to start, the gold market is facing mostly positive outside market forces, as the Euro is stronger, equities are generally higher and finally grain and energy prices are also tracking higher in the early Tuesday US trade action. While the US economic slate is somewhat thin, attention early in the session could be locked onto a speech from the Atlanta Fed President Lockhart.
Morning Silver Market Report
August 21 2012 10:45 AM EDT
The September silver contract managed a fresh upside breakout overnight, and in the process reached up to the highest level since June 19th. Like gold, silver was probably boosted by generally positive international equity market action. Favorable currency market action and gains in a long list of critical physical commodity prices overnight more than likely added to the bull's case.
Barclays Downgrade Extends Groupon's Woes
August 21 2012 10:42 AM EDT
The daily deals website Groupon Inc. (Nasdaq: GRPN) suffered another blow Tuesday as Barclays Capital (London: BARC) downgraded the company, citing a move towards lower margin sales.
Glencore Won't Pay More For Xstrata, Despite Qataris' Demand
August 21 2012 8:38 AM EDT
Glencore International PLC (LON: GLEN), a commodity trading company based in Baar, Switzerland, has said it is prepared to bow out of talks to buy Xstrata PLC (LON: XTA) rather than give in to a demand for more money from a major shareholder of the giant mining company.
Home Prices Fall Around The World, But Unevenly: Economist
August 21 2012 5:56 AM EDT
The real estate erosion has gone global. Home prices are down in 12 of 21 countries tracked by the Economist on an annual basis in July, and five additional countries experienced slower growth.
US Stock Futures Signal Higher Open As Monetary Easing Hopes Persist
August 21 2012 4:46 AM EDT
U.S. stock index futures point to a higher open Tuesday as investors maintained hopes that central banks around the world would soon announce monetary easing measures to regain the economic growth momentum.
European Stocks Rise On Stimulus Expectations
August 21 2012 3:45 AM EDT
European markets rose Tuesday as investors were hopeful that the European Central Bank (ECB) would soon announce stimulus measures to rejuvenate the faltering economy of the euro zone and regain the growth momentum.
What Do Todd Akin And George Galloway Have In Common? Politicians With Odd Views On Rape [VIDEO]
August 20 2012 4:58 PM EDT
Missouri Rep. Todd Akin and British politician George Galloway are worlds apart politically and geographically, but when it comes to rape, they are equally clueless
Murder For Profit: German War Graves Being Desecrated To Retrieve Nazi Memorabilia
August 20 2012 2:00 PM EDT
Most collectors claim they are simply military historians, and not neo-Nazis.
CME Launching Exchange In Europe For Clients Aiming To Avoid US Rules
August 20 2012 1:14 PM EDT
Exchange operator CME Group Inc. (Nasdaq:CME) is opening a hot new table in the global financial casino, pushed to set up a derivatives exchange in London by clients who can't be bothered to comply with U.S. law.
Gold Price and Indian Demand Shifting Trends
August 20 2012 12:32 PM EDT
One of the top stories in the financial markets in 2012 has to be the stagnation in the price of gold at around $1600 an ounce, which is down approximately 17% from its peak at $1920.30. Those bullish on the yellow metal have been disappointed in gold's performance while those bearish on the shiny metal have reveled in its stagnation, saying that gold's status as a safe haven is over.