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
- HSBC Holdings plc: HSBA shares hit lower as investors persist with a now 6 pct correction from 4.5 year highs
- EMED Mining Public Limited and Chariot Oil & Gas Limited: Two stocks forecasted to head in opposite directions
- Outlook for Sirius Minerals PLC and XCITE ENERGY LIMITED suggest short-term price action will be biased to the downside
- Outlook for the Australian dollar dealt a blow as Goldman Sachs forecasts further declines; technical charts firmly against the AUD
- Outlook for the Euro boosted further as German Gfk index rises unexpectedly; technical traders say 1.3 level will be critical to further direction
- Outlook for the British Pound Sterling: GBP/AUD breaks resistance, GBP/EUR and GBP/USD pairs facing technically bearish price-chart action
- Outlook: Pound euro exchange rate forecasted to end week in the red; Should GBP be putting in a better performance against the EUR?
- Outlook for Gulfsands Petroleum plc (GPX): Shares tipped to head lower towards 80.5 ahead of rebound
- FX Alert: Pound sterling forecasted to rebound against US dollar say Lloyds Bank in strategic currency note
- Australian dollar and New Zealand dollar on the back-foot against the British pound sterling
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 ...
Barclays: Oil prices should have exceeded 150 USD / bbl had the Eurozone crisis not hit
- Details
- Category: Oil | Brent and WTI Crude
- Published on Friday, 21 October 2011 14:07
Unless macroeconomic fears lift decisively, the upside above $120 seems limited currently.
Barclays plc (LON:BARC) have today said that had the macroeconomy pessimism created, in large part by the Eurozone debt crisis, not emerged then a barrel of brent crude would have probably exceeded 150 USD / bbl at some point this year.
In the view of Barclays Capital, unless there is a major policy catastrophe then the downside below $100 looks fairly limited given the strength of the fundamentals.
A Commodity Briefing note on oil prices released by Barclays Capital today says:
"Indeed, were there not such a degree of macroeconomic uncertainty and pessimism, we believe that Brent prices would have been far higher and probably exceeded their all-time high and moved past $150/bbl at some point this year.
"The fundamentals are far tighter than they were in 2008, and the current geopolitical context creates significant tail risks in a world with such limited spare capacity. And even as worries about a global slowdown translating into an oil demand slowdown continues to grip the market, the underlying data has been looking more upbeat."
Latest on The Economy News
- HSBC Holdings plc: HSBA shares hit lower as investors persist with a now 6 pct correction from 4.5 year highs
- EMED Mining Public Limited and Chariot Oil & Gas Limited: Two stocks forecasted to head in opposite directions
- Outlook for Sirius Minerals PLC and XCITE ENERGY LIMITED suggest short-term price action will be biased to the downside
- Outlook for the Australian dollar dealt a blow as Goldman Sachs forecasts further declines; technical charts firmly against the AUD
- Outlook for the Euro boosted further as German Gfk index rises unexpectedly; technical traders say 1.3 level will be critical to further direction
- Outlook for the British Pound Sterling: GBP/AUD breaks resistance, GBP/EUR and GBP/USD pairs facing technically bearish price-chart action
- Outlook: Pound euro exchange rate forecasted to end week in the red; Should GBP be putting in a better performance against the EUR?
