EU & US Impose Sanctions on Russia

Russia responded angrily on Saturday to additional sanctions imposed by EU, mentioning that they would hamper cooperation on security issues and undermine the fight against terrorism and organized crime. EU reached an agreement on Friday to impose economic sanctions for the first time on Russia, over its behavior in Ukraine. Also, it imposed travel bans and asset freezes on the chiefs of Russia's FSB security service and foreign intelligence...

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RBS First-Half Profit Doubles.

The stock jumped as much as 15 percent, its biggest intraday gain since October 2011. Royal Bank of Scotland Group Plc (RBS) said pretax profit almost doubled in the first half and forecast that it will meet a target to cut costs by 1 billion pounds ($1.7 billion) in 2014.  Pretax profit at Britain’s largest state-owned lender may have increased to 2.65 billion pounds from 1.37 billion pounds a year earlier, RBS said in a statement today....

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India’s Rupee Rises as Monsoon Revival Tempers Inflation

India’s rupee strengthened the most in more than a week as a pickup in seasonal rainfall tempered concern inflation will accelerate. The deficit in the June-September monsoon, which accounts for more than 70 percent of India’s annual rainfall, has narrowed to 27 percent of the 50-year average, the weather department said yesterday. The gap was 43 percent on July 11. Gains in India’s consumer-price index slowed to 7.31 percent in June, the least...

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Newsletter for 24th of July

EVENTS & FINANCIAL NEWS CURRENCIES The U.S. dollar rose to eight–month highs against the euro on Wednesday as worries over tougher sanctions on Russia and their potential impact on fragile euro zone growth weighed on the single currency. The dollar could only post modes gains, however, as attempts to push the euro below a key technical level at $1.3450 failed. The greenback had taken out some technical barriers on Tuesday after U.S. inflation data showed prices increasing, though the increase was more subdued than some had expected....

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Australia's Economic Outlook, AUD/USD

Australia's CPI gained more than expected, sending the Australian dollar to its highest in two weeks, hence being an obstacle to further monetary policy easing. The big price increases were focused in health care, especially private health insurance, the purchase costs of new homes and a tax-driven spike in tobacco.  As a consequence, accelerating inflation poses a dilemma for RBA, as it would prefer a weaker currency due to slowdown in...

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Apple signals new products are near with larger iPhone.

Apple Inc. (AAPL) signaled that the long wait for new products is nearing an end. With bigger-screen handsets in development, Apple said yesterday that shoppers are delaying buying new iPhones, which will weigh on sales in the current quarter ending in September. Yet rather than dissuade buyers from procrastinating, Apple stoked anticipation for new devices on a conference call, with Chief Executive Officer Tim Cook talking about an incredible...

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Apple Earnings Preview: Will Apple be able to meet Wall Street expectations?

Tuesday afternoon, all traders especially tech traders would have their eyes wide open while Apple posts its Q3 earnings. This quarter is usually quite slow on sales for apple due to the estimated product refresh during the end of the year before the holiday season. Expectations would be quite high from Apple this time around as we saw a massive beat last earnings and the surge in the share price over the past few months.  Below are the results...

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John Helms for 21st of July 2014

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Alibaba seen presenting IPO discount to escape listing flop.

Alibaba Group Holding Ltd. (BABA) may price its initial public offering about 22 percent below analyst valuations, according to a survey of estimates, a move that could avoid repeating the listing flop of Facebook Inc. (FB) China’s biggest e-commerce company may set the IPO value at $154 billion, according to the average estimate of five analysts surveyed by Bloomberg. The same analysts see the post-listing valuation as $198 billion.  Alibaba’s...

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The Road Ahead for the British Pound.

The Sterling has been the talk of the town for months now as it has been breaking multi year highs to reach its current price. None the less, the next question is what to do now? The British pound continues to see mixed conditions against the US dollar gains witnessed earlier in the week as the USD strengthened across the board.  The mixed picture for GBP/USD actually fits in with the viewpoint at Scotiabank that holds a year-end forecast...

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Short-Term View on INR

Rupee ended the session flat on Wednesday as the dollar strength overseas and greenback buying by state run banks were offset by gains in local shares. The rupee also failed to move significantly after data showed exports in June rose 10.22 per cent from a year earlier and overall analysts called the numbers mixed. A major reaction to the trade deficit data was not expected as the numbers were positive on certain fronts and negative on some...

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Equities vs Gold: Your Choice Made Simple

As a general dilemma, it is difficult to forecast the future. A few weeks ago, forecasters predicted that Brazil would win the World Cup, and as a matter of fact they badly lost against Germany. In recent weeks it has been easy to find bullish comments related to gold based on inflation worries, European banking risk, and Iraq. The question now is, should we consider gold over stocks? Since the past two days (14-15/07/14) gold declined approximately...

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Wells Fargo & Company: Improving credit conditions

Over the second quarter of 2014, Wells Fargo & Company benefited from a broad-based loan growth, increased deposits, and continued improvement in credit quality. Wells Fargo reported net income of $5.7 billion for the second quarter of 2014, up 4% from $5.5 billion reported in the same quarter last year, as the company grew both net interest and non interest income. Additionally, the San Francisco, CA based bank holding...

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Banco Espirito Santo Jolts the European Market

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Welcome to the official blog of Century Financial Brokers.

Century Financial Brokers is the region’s leader in providing pioneering services in investment & online trading in international financial markets, since 1...

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