By SIMON CONSTABLE
Thursday, February 21, 2019
Wednesday, February 20, 2019
TheStreet: Gold Rises as Investors Panic and Pile Into Bullion
By SIMON CONSTABLE
Gold prices were rising again as scared investors seek refuge from paltry bonds yields.
The metal recently fetched $1,344 a troy ounce, a level it hadn't seen since April 2018, or 10 months ago, according to data from Bloomberg. Its also rallied more than 14% since the low of $1,174 in August. The SPDR Gold Shares exchange-traded fund, which holds bars of solid bullion, performed similarly. Read more here.
Tuesday, February 19, 2019
Korn Ferry: Brexit's $1 Billion Weekly Price Tag
Brexit has become a nail-biting game of high-stakes poker, and it might be costing Britain big-time.
While the deadline for Britain and the European Union to reach a trade deal is inching dangerously close to the March 29 “leave” date, the costs to the British economy are rising. Already the tab is expanding at blistering rate: £800 million ($1 billion) a week, according to Bank of England estimates. In addition, the United Kingdom’s economy is slowing. It grew at a paltry 1.3% annualized rate in the latest reading, the slowest pace since 2012, according to government data. Read more here.
While the deadline for Britain and the European Union to reach a trade deal is inching dangerously close to the March 29 “leave” date, the costs to the British economy are rising. Already the tab is expanding at blistering rate: £800 million ($1 billion) a week, according to Bank of England estimates. In addition, the United Kingdom’s economy is slowing. It grew at a paltry 1.3% annualized rate in the latest reading, the slowest pace since 2012, according to government data. Read more here.
TheStreet: Why The Pain Isn't Over Yet for Emerging Markets
By SIMON CONSTABLE
Emerging markets took a beating last year, and despite a recent respite, the pain likely isn't over.
Friday, February 15, 2019
Barron's: Looking to Reverse Its Slide, Austrian iPhone Supplier Pushes Beyond Apple
By SIMON CONSTABLE
Austria’s AMS was one of many Apple suppliers hit by soft iPhone sales last year. The company, once known as austriamicrosystems, produces 3-D sensors and laser technologies used in smartphones.
The shares (ticker: AMS.Switzerland) have dropped 74% over the past year versus gains of 3.7% for the S&P 500, according to Morningstar data. Both figures include dividends. Read more here.
Briefings Magazine: A New Order of Chaos
By SIMON CONSTABLE
It all seems like it’s unraveling at once. Talk to leaders in Berlin, Bangalore, Boston, or anywhere else trying to do business and the conversation quickly comes around to how there’s so much … disorder. Troubles in Turkey, a Middle East morass, trade disputes, unpredictable leaders, populist protests—it’s all happening at once. It’s making people pine for the halcyon days of 2016, when there was only a US presidential election and a Brexit referendum that caused potential upheaval. Read more here.
Saturday, February 9, 2019
TheStreet: 3 Reasons to Buy Gold
By SIMON CONSTABLE
Wobbly stock prices are sending many panicked people running scared for gold, sending prices for the yellow metal soaring. Savvy investors should follow suit.
The World Gold Council recently reported that investors sank $3.1 billion into gold-backed exchange-traded funds for the second month in a row during January. That's the fourth consecutive month of net inflows for gold ETFs, with the overwhelming majority of the cash coming from North America over the period. Read more here.
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