Yesterday, Italy became the most recent domino to fall in the global populist revolution about which I wrote in this month's MI magazine. If Mr Cameron (score: 48 percent) resigned at half past eight in the morning, Signor Renzi, the Italian Prime Minister (score: 40 percent) resigned at midnight. He had offered the Italian people some quite reasonable constitutional reforms (reduction in the powers of the Senate and a curtailment of regional governments) but they used the vote to register their general dismay with the status quo. Another metropolitan sophisticate Prime Minister has been humbled.
With a NO vote seeming inevitable in the Italian referendum, the Euro fell below $1.06 in late trading late on Sunday, down 0.8 percent from Friday's close. The common currency had already registered sharp losses since the beginning of November, when it was trading close to $1.13. This morning European bourses have thus far shrugged off the vote (the FTSE-100 opened higher), though bank stocks are down. Italian government bond yields have risen sharply.
by Zak Mir | Trading| 1 mins. to read Finnaust Mining (LON:FAM) has been a bit of a head scratcher this year. The reason being that the company has clearly been helped by the massive rebound in the sector to which it belongs, but with siren voices suggesting it may be overvalued.
by Robert Stephens | Equities| 5 mins. to read December's Halifax House Price Index showed that house prices rose by just 0.2% in the last month. This gives a quarterly change of 0.8%, with the report warning that "house price growth may slow over the coming months".
by Zak Mir | Trading | 1 mins. to read It has been a rather frustrating autumn for fans of 88 Energy (LON:88E), but in the aftermath of the latest price action recovery here, it would appear the waiting game is over.
by John Kingham | Equities | 9 mins. to read One major difference between investors who focus primarily on dividends and investors who focus primarily on capital gains is their time horizon.
by Evil Knievil | Evil Diaries | 1 mins. to read After the great spreadbettor sector slump I stayed short of Plus500 (LON:PLUS) since I decided long ago that they are absolute rotters.
Material contained within Master Investor Magazine and its website is for general information purposes only and is not intended to be relied upon by individual readers in making (or refraining from making) any specific investment decisions. Master Investor Ltd. does not accept any liability for any losses suffered by any user as a result or any such descision.
6 mins. to read
Ingen kommentarer:
Send en kommentar