Today on The Economy News
Apple Inc. and QUALCOMM, Inc. see ratings downgraded to Sell ahead of “hardware at cost or a loss” era
Analysts at Berenberg Bank have today told clients that they are bearish on the Technology Hardware sector with Sell calls issued from sector leaders like Apple and Samsung right through to laggards such as Nokia and Blackberry.
Latest on The Economy News
- Outlook for Euro pound exchange rate: EUR forecasted to stage strong advances agains the pound sterling through the remainder of 2013
- Outlook for euro dollar exchange rate raised: EUR/USD forecast substantially higher than 1.3 by end of 2013
- Update: Nokia Corporation (ADR) + Research In Motion Ltd: Why Google Inc's project X and Amazon's smartphone will squeeze the life out of industry margins
- Nokia Corporation (ADR) (NOK) + Research In Motion Ltd (BBRY) forecasted to suffer hefty share price losses as entire sector is tipped to suffer
- Updated: Apple Inc. and QUALCOMM, Inc. see ratings downgraded to Sell ahead of “hardware at cost or a loss” era
- Apple Inc. (AAPL) and QUALCOMM, Inc. (QCOM) shares are a SELL with Berenberg Bank who say margin pressures are set to overwhelm Technology Hardware sector
- Pound to euro exchange rate (GBP/EUR) forecast: Momentum suggests further declines, but one analyst is tipping a return to 1.18 level
- Update: ARM Holdings plc (ARM) stock breaks support at 1041, forecasting declines to 971 next
- ARM Holdings plc (LON:ARM): Liberum Capital's Sell call on ARM now justified as Intel Corporation makes concrete inroads onto ARM's turf
- Pound euro exchange rate breaks into 1.16 territory as UK retail sales flop in April and Mark Carney hints at monetary activism
Featured Viddy - Can This Video Create Some Much Needed Momentum For Windows and Nokia?
This is not about Apple vs. Android. Android is not mentioned once. Its Apple vs. Samsung (through its Galaxy brand). Read More ...
Crude oil prices head lower, but global demand fundamentals provide support
- Details
- Category: Oil | Brent and WTI Crude
- Published on Tuesday, 18 October 2011 12:12
Brent crude led losses on Monday after Germany’s FinMin Schaeuble curbed overly positive expectations that there would
come a definitive solution to address the EMU debt crisis.
The WTI crude oil price is 0.38% lower on the day at 86.17 USD / bbl.
The brent crude oil price is 0.98% lower at 109.16 USD /bbl.
Oil prices are weaker in line with softer global markets today, that said, losses appear to be limited. 
KBC Markets comment:
"Brent crude led losses on Monday after Germany’s FinMin Schaeuble curbed overly positive expectations that there would
come a definitive solution to address the EMU debt crisis at next weekend’s EU summit.
"Today in early trading, slightly disappointing figure on China’s GDP further undermined the price of oil, which even touched 109 USD per barrel (USD/bbl)."
On the other hand, still strong industrial output of the world’s second largest crude consumer indicates that the demand for oil might remain relatively solid.
Slightly slower growth of China’s economy in Q3/2011 has had a visible impact on the price of copper.
The red metal lost more than 5% in few hours and currently is hovering at 7300 USD per ton level despite the fact that operations at Grasberg mine (the world’s second largest mine which produces more than 3% of total mine output) in Indonesia have been halted due to security issues.
Mine operator is still evaluating the impact of cut pipeline on copper shipments.
Moreover, workers at another Freeport-McMoRan's mine, Peruvian Cerro Verde, went on a strike on Monday. Unions demand
an 11 % wage increase.
Latest on The Economy News
- Outlook for Euro pound exchange rate: EUR forecasted to stage strong advances agains the pound sterling through the remainder of 2013
- Outlook for euro dollar exchange rate raised: EUR/USD forecast substantially higher than 1.3 by end of 2013
- Update: Nokia Corporation (ADR) + Research In Motion Ltd: Why Google Inc's project X and Amazon's smartphone will squeeze the life out of industry margins
- Nokia Corporation (ADR) (NOK) + Research In Motion Ltd (BBRY) forecasted to suffer hefty share price losses as entire sector is tipped to suffer
- Updated: Apple Inc. and QUALCOMM, Inc. see ratings downgraded to Sell ahead of “hardware at cost or a loss” era
- Apple Inc. (AAPL) and QUALCOMM, Inc. (QCOM) shares are a SELL with Berenberg Bank who say margin pressures are set to overwhelm Technology Hardware sector
- Pound to euro exchange rate (GBP/EUR) forecast: Momentum suggests further declines, but one analyst is tipping a return to 1.18 level
