Canada Interest Rate Rise
The Bank of Canada has raised its interest rate to 0.75% for the first in almost seven years. The economy is performing well and less stimulus is needed to maintain momentum.
Hyperloop One – transportation future?
Elon Musk’s imaginative vision continues… The Hyperloop One transportation system tested successfully on May 12th 2017. A futuristic transportation system that will allow passengers or cargo to be propelled at near-supersonic speeds inside a vacuum tube has declared its first successful test moving the idea one step closer to reality. …
Hong Kong High
I notice the Hong Kong Hang Seng index reached a two-year high today (12/07/17) pushing past the 26,000 mark – joining the DOW, DAX & FTSE100 in recently reaching new highs.
Premier oil discovery
I notice today (12/07/17) Premier Oil PLC (PMO) shares jump 30%. The company announced a significant oil find off the coast of Mexico. It is being suggested this oil field could produce 1 billion barrels of oil. Share price moving up from around £0.46 to ££0.60
Does Brexit mean brexit?
On Thursday 23rd June 2016 the UK voted to leave the European Union. Some 30 million people voted in the referendum to leave the EU with a high turnout of nearly 72% with 51.9% voting to leave and 48.1% to remain. I was confused then by the result, and now, …
Time to Improve UK productivity
Are we really 20% less productive per hour for every hour we spend at work than Germany? I’ll just repeat that – one fifth – 20% less productive!! If this is the case, isn’t it the responsibility of the company bosses to get control of this and improve productivity. Better …
FTSE 250 Compaines goining Ex Div this week
FTSE 250 Companies going ex dividend this week. 10th July 2017 – 14th July 2017 W H Smith PLC (SMWH) – Ex date: 13/07/17 – Record date: 14/07/17 Safestore Holding PLC (SAFE) – Ex date: 13/07/17 – Record date: 14/07/17 Halma PLC (HLMA) – Ex date: 13/07/17 – Record date: …
Oil price still suppressed
Brent crude oil price today is stuck below $47.00 a barrel. As there are fewer company results out today – I’m guessing that with a slower news day, oil may have an effect on the FTSE 100. The continuing issue of over-production, US shale gas improvements, higher stock inventory all …
Germany strong trade data reported for May
Exports continue the upward trend in Germany for May. Five months in a row now they have increased suggesting that the Global economy is improving still.
Federeal Reserve Testimony
Janet Yellen, chair of the Federal Reserve, will be discussing policy and the economy in a Congressional testimony on Wednesday and Thursday this week. Interest rates will be top of the agenda no doubt, as usual – I assume it will be closely watched by the markets. It’s not so …