The Storm Clouds Are Gathering

The Storm Clouds Are Gathering By Victor Hill If you have any exposure to the major (or indeed minor) European bourses, prepare for turbulence. 2016 (with an epilogue in 2017) could turn out to be another 1848. That was the year that virtually every major European state succumbed to revolution, and the continent, as Karl Marx observed, passed into a new era. Storm clouds – political and economic – are gathering this August all over the Old World. The revolutionaries of 1848, let us recall, were bourgeois intellectuals and the new class of capitalist manufacturers of humble origin who wanted to prise control form the monarchs and dukes and other fatuous aristos who ruled the roost. They wanted democratic government (no votes for the working classes, of course), meritocracy and functioning modern states with civil services that could deliver railroads, sewerage and basic services. Virtually every government in Europe was deposed (except Britain – where such a revolution would have been unnecessary – and Russia – which remained entirely feudal for another fifteen years or so). Karl Marx wrote a series of furious articles, chronicling events, in the Neue Zuricher Zeitung, before himself being exiled to London, where he spent the rest of his life – and where, famously, he spent many years writing Das Kapital in the old Reading Room of the British Museum… Click Here To Read The Full Story The Master Investor Market Report The FTSE 100 closed the day at 6,859.15, a decrease of 34.77 points. The FTSE 250 fell 49.82 points to finish at 17,758.68. The FTSE All Share dropped 17.05 points to finish at 3,731.81. The FTSE AIM All Share finished at 784.15, down by 0.51 points. Insurer Admiral (ADM) increased its profit before taxation by 4% to £193 million on turnover of £1.26 billion. The company elected to increase its interim dividend by 23% to 62.9p. However, analysts commented on the unexpected weakness of Admiral's capital ratio, with RBC Capital Markets suggesting that Admiral could decline by 26% if interest rates fall 50 basis points. The shares fell by 3p to 780.50p. Get our August issue while it's hot! Click HERE to read. Shares in specialist pharmaceuticals developer Indivior (INDV) soared 8.34% to 327.40p after the company announced positive results from phase III testing for its opioid addiction treatment. The drug has been placed on a fast track by the US FDA and the company is hoping to bring it to market by the end of 2017. This would be a significant addition to Indivior's anti-addiction portfolio, a field where it currently holds  a 61%  share of the US market. Construction outfit Balfour Beatty (BBY) has reinstated its interim dividend at a level of 0.9p per share after its losses for the six months ended 1st July narrowed to £130 million from £150 million in the comparative period. The company has reached an agreement in principle that will significantly reduce pension costs and management believe that the business is in a far better position than it was 18 months ago. Shares in the business climbed 3.03% to 251.80p. Tomorrow's news today Premier Oil (PMO) will release interim results. Quote of the day "Success is the result of perfection, hard work, learning from failure, loyalty, and persistence." - Colin Powell Latest Stories Chart of the Day: FTSE 100 By Zak Mir It always concerns me when the mainstream media, in the form of financial journalists, start doing their own technical analysis/charting. Usually it concerns Heads & Shoulders, or Golden/Dead Crosses, but the latest manifestation is the RSI on the FTSE 100 hitting "overbought."… Click Here To Read The Full Story What You Need to Know about Leveraged ETFs By Filipe R Costa Exchange-traded funds (ETFs) have grown in popularity over the last few decades, as they offer a few advantages over other investment vehicles. In particular, retail investors can use them to achieve a much higher degree of diversification within their portfolios without incurring prohibitive fees… Click Here To Read The Full Story Why the Change of Heart at This Popular Investment Trust? By Nick Sudbury On 1st August the Board of the BlackRock Income Strategies Trust (LON:BIST) announced that it was going to review the fund's investment objective and policy. The news came as a surprise to its shareholders, many of whom had invested after the new mandate was implemented last February… Click Here To Read The Full Story Chart of the day: Sound Energy By Zak Mir Sound Energy has been one of the small cap phenomena of the year to date, but it is ironic that the big bull run here took quite a while to get off the ground… Click Here To Read The Full Story Is Morrisons worth bagging ahead of the half-year results? By Robert Sutherland Smith With the half-year to end July now over, the Wm. Morrison share price (192p last seen) has behaved robustly. The company which a year ago looked too highly geared and devoid of ideas seems to have put its house in order... Click Here To Read The Full Story Join the movement on social media: Copyright 2016 Master Investor Ltd, All rights reserved. You are receiving this email because you opted in at our website. 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