Why UK’s Brexit negotiating hand is stronger than you think

Why UK's Brexit negotiating hand is stronger than you think By Victor Hill In a recent reflection on what central bankers get up to when they meet together for some rest and recreation, I attempted to explain what TARGET2 is. This is the settlements system that, since 1999, has facilitated payments between the various Eurozone countries' internal settlement platforms. If that sounds boring – it is. So let me tell you something which isn't boring. The unfolding crisis in TARGET2 will have massive implications for the Brexit negotiations. It turns out that the British hand is stronger than we thought because the Germans are desperate to accommodate the UK's aspiration to tariff-free access to the Single Market. Otherwise they will be in big trouble… Click Here To Read The Full Story The Master Investor Market Report The FTSE 100 closed the day at 7,033.25, a decrease of 41.09 points. The FTSE 250 fell 141.55 points to finish at 18,200.52. The FTSE All Share dropped 22.57 points to finish at 3,826.53. The FTSE AIM All Share ended the day at 827.46, down by 1.53 points. Supermarket Tesco (GRG) saw its shares shoot 9.75% higher to 207.10p after the firm reported a 38.4% improvement in operating profits for the first half of the year along with revenues of £24.4 billion. Management said that the new fresh food lines were performing better than had been planned, and added they were looking to continue to focus on improving profitability during the second half of the year. Don't miss our September issue! Click HERE to read. Copper production for the third quarter grew by 38% to 4,102 tonnes at miner Central Asia Metals (CAML), a record level for the company and a 31% increase for the 2016 year to date. The firm said that it is on track to meet full-year production guidance and that sales were also improving steadily. Central Asia Metals shares rose by 6.50p to 187.25p. AIM-listed optical components specialist Gooch & Housego (GHH) announced that results for the year ended 30th September will be in line with expectations. Demand for industrial lasers continued to improve over the course of the final quarter of the year. Together with an excellent performance in the fibre division, this has contributed to the order book at the start of the new year being 45% higher than it was 12 months ago. The shares climbed by 12.50p to 1,000p. Tomorrow's news today DFS Furniture (DFS) will publish final results. Quote of the day "In order to attain the impossible, one must attempt the absurd." - Miguel de Cervantes Latest Stories Boohoo technicals target 140p by the end of next month By Zak Mir The great divide between online and High Street retailers continues, and is something which the revamped BHS is clearly trying to muscle in on. Meanwhile Boohoo.com goes from strength to strength.… Click Here To Read The Full Story Is the pound freefalling towards parity with U.S Dollar? By Zak Mir After today's post-Brexit vote low for the Pound, it's time for all the talking heads and financial journalists to describe the horrors of a weak currency… Click Here To Read The Full Story New fund manager revitalises the British Empire Trust By Nick Sudbury One of the attractions of investment trusts is that in many cases the managers seem to stay in place longer than they do with open-ended funds, which can result in a more consistent approach… Click Here To Read The Full Story Is OPEC's deal credible and sustainable? By Filipe R Costa As readers are no doubt aware, OPEC recently agreed a production cut from its August output of 33.2 mb/d (million barrels per day) to a new target of between 32.5 mb/d to 33.0 mb/d… Click Here To Read The Full Story Ibstock: Government schemes build to 200p target By Zak Mir It is rare that as a technical analyst the cue for looking at a stock is quite so directly fundamentals based, but, in the case of Ibstock, the latest Government initiatives on the housing front make it an appropriate thing to do... 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. If a Daily Bulletin is too frequent, why not opt in to our once weekly mailing list for a round up of the week's news straight to your inbox. Once Weekly Round-Up Our mailing address is: Suite 88, 22 Notting Hill Gate, London W11 3JE Master Investor is a trading name of Master Investor Limited. 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 of any such decision.

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Why Google might be the most innovative corporation in history

Why Google might be the most innovative corporation in history By Victor Hill An academic paper was published on 04 August by a posse of secretive computer über-boffins who work for Alphabet/Google (NASDAQ:GGL) entitled Characterizing Quantum Supremacy in Near-Term Devices. And it's not exactly bedtime reading. In fact, it is a mathematical argument of such mind-boggling technical sophistication that I am, dear reader, utterly incapable of evaluating it. What I can tell you is that the über-boffins claim to have proven (though there may well be counter-boffins who step forward to oppose them) that Quantum Supremacy is a logical certainty. Quantum Supremacy? Don't panic: I had never heard the term before last week, either. I understand that it means that, for a certain theoretical size of quantum computer, a set of mathematical problems called optimisation problems (which normally have to be solved subject to specific constraints) that could never be solved by classical (that is non-quantum) computers, could be solved by QC in a matter of… hours. As opposed to 900 million years… Click Here To Read The Full Story The Master Investor Market Report The FTSE 100 closed the day at 7,120.30, an increase of 136.78 points. The FTSE 250 rose 305.79 points to finish at 18,489.31. The FTSE All Share climbed 72.01 points to finish at 3,876.59. The FTSE AIM All Share ended the day at 828.99, up by 4.59 points. High street baker Greggs (GRG) said that total sales for the 13 weeks ended 1st October rose 2.8 percent as it refitted 145 shops and opened a net 45 new outlets over the course of the year to date. A summer menu including an expanded range of healthy options proved popular with customers and management are looking to capitalise on this moving in to winter. A new distribution centre will be brought in to operation in the coming weeks. The shares climbed 5p to 1,051p. Don't miss our September issue! Click HERE to read. Facilities management group Carillion (CLLN) has won a seven year support services contract with Nationwide Building Society worth roughly £350 million. The new deal is an extension of the arrangement that has been in place between the two companies for the past nine years and includes duties at Nationwide's HQ and corporate offices as well as 700 retail branches across the UK. The shares grew by 1.9% to 255.80p. AIM-listed online marketing specialist Digital Globe Services (DGS) grew revenues by 19% to $47.8 million (£37.5 million), but gross margins were reduced due to increased investments in marketing. However, management believe that these investments will help fuel growth during the year ahead. Shares in the firm plunged 16.3% to 38.50p. Tomorrow's news today Tesco (TSCO) will publish interim results. Quote of the day "The bold enterprises are the successful ones. Take counsel of hopes rather than of fears to win in this business." - Rutherford B. Hayes Latest Stories Is the pound freefalling towards parity with U.S Dollar? By Zak Mir After today's post-Brexit vote low for the Pound, it's time for all the talking heads and financial journalists to describe the horrors of a weak currency… Click Here To Read The Full Story New fund manager revitalises the British Empire Trust By Nick Sudbury One of the attractions of investment trusts is that in many cases the managers seem to stay in place longer than they do with open-ended funds, which can result in a more consistent approach… Click Here To Read The Full Story Is OPEC's deal credible and sustainable? By Filipe R Costa As readers are no doubt aware, OPEC recently agreed a production cut from its August output of 33.2 mb/d (million barrels per day) to a new target of between 32.5 mb/d to 33.0 mb/d… Click Here To Read The Full Story Ibstock: Government schemes build to 200p target By Zak Mir It is rare that as a technical analyst the cue for looking at a stock is quite so directly fundamentals based, but, in the case of Ibstock, the latest Government initiatives on the housing front make it an appropriate thing to do... Click Here To Read The Full Story Wait another fortnight on Mitie By Evil Knievil Philip Hammond is giving the market a boost today. Clearly, someone in HM Treasury reckons the gilts market will stand it... 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. If a Daily Bulletin is too frequent, why not opt in to our once weekly mailing list for a round up of the week's news straight to your inbox. Once Weekly Round-Up Our mailing address is: Suite 88, 22 Notting Hill Gate, London W11 3JE Master Investor is a trading name of Master Investor Limited. 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 of any such decision.

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Is OPEC’s deal credible and sustainable?

Is OPEC's deal credible and sustainable? By Filipe R Costa As readers are no doubt aware, OPEC recently agreed a production cut from its August output of 33.2 mb/d (million barrels per day) to a new target of between 32.5 mb/d to 33.0 mb/d. With OECD oil inventories expected at 3,090 million barrels by the end of this year, the agreed production cut is unlikely to have any real impact in the market. For now, investors seem enthusiastic about the "promised" cut, but as life moves on from the Wall Street reaction to the very real challenges facing Main Street, such enthusiasm may just peter out. I must admit that I'm really not enthusiastic about oil and/or the sector in general for the coming years. While there are certainly some gems, the sector will most likely experience a long period of difficulties, as a whole. Oil prices are no longer the result of OPEC's actions but rather a complex determination that is partially floored by OPEC's desires but, at the same time, capped by an entire army of shale oil companies anxiously waiting for their opportunity to shine. Last Wednesday's agreement is not even the final deal but just the purchase of an option on oil prices that can be exercised at the end of November. Until then, any oil price moves are just the result of fancy Wall Street reactions to immaterial action… Click Here To Read The Full Story The Master Investor Market Report The FTSE 100 closed the day at 6,983.52, an increase of 84.19 points. The FTSE 250 rose 312.10 points to finish at 18,183.52. The FTSE All Share climbed 49.24 points to finish at 3,804.58. The FTSE AIM All Share ended the day at 824.42, up by 5.32 points. Institutional stockbroker Numis Corporation (NUM) said that revenues from core activities for the year ended 30th September exceeded £100 million for the first time. The company took part in 46 equity deals over the period and funds raised were just below £1.9 billion, with business activity continuing well despite uncertainty following the Brexit vote. Full results for the year will be published in December. The shares rose by 4.50p to 223.50p. Don't miss our September issue! Click HERE to read. Product testing group Intertek (ITRK) has bought a Canadian electronic warfare specialist for an undisclosed consideration. Management said that the deal strengthened its offering to customers and was in line with its strategy of targeting fast-growing businesses with strong margin prospects. The shares grew by 53p to 3,542p. AIM-listed flooring specialist Victoria (VCP) saw its shares climb 4.28% to 341p after it announced the acquisition of underlay manufacturer Ezi for an initial cash consideration of £6.5 million with the same amount due to be paid out in installments over the next four years. There may be additional performance-related payments which would also be payable if certain EBITDA growth targets are met.  Tomorrow's news today Greggs (GRG) will publish a trading announcement. Quote of the day "Nothing is as obnoxious as other people's luck." - F. Scott Fitzgerald Latest Stories Ibstock: Government schemes build to 200p target By Zak Mir It is rare that as a technical analyst the cue for looking at a stock is quite so directly fundamentals based, but, in the case of Ibstock, the latest Government initiatives on the housing front make it an appropriate thing to do... Click Here To Read The Full Story Wait another fortnight on Mitie By Evil Knievil Philip Hammond is giving the market a boost today. Clearly, someone in HM Treasury reckons the gilts market will stand it.… Click Here To Read The Full Story Sovereign Mines of Africa (SMA): Bull flag points towards 1.2p By Zak Mir Focusing on the overall chart pattern can very often be the best way forward with regard to volatile small caps such as Sovereign Mines of Africa… Click Here To Read The Full Story Cloudtag: Technical target as high as 30p By Zak Mir If only we could all discipline ourselves to only picking on companies with charts like Cloudtag… Cloudtag has the current honour of being the most followed/trending and just plain loved small cap on the London stock market at the moment… Click Here To Read The Full Story October has got October written all over it By Evil Knievil I went short Canadian dollars yesterday and, this morning, shorted Japanese yen at 100.78 (i.e. bought it versus USD) on the basis of a Goldman Sachs note. It is astonishing that JPY have held up so long… 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. If a Daily Bulletin is too frequent, why not opt in to our once weekly mailing list for a round up of the week's news straight to your inbox. Once Weekly Round-Up Our mailing address is: Suite 88, 22 Notting Hill Gate, London W11 3JE Master Investor is a trading name of Master Investor Limited. 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 of any such decision.

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