Tuesday, February 26, 2019

Forbes: Multi-billion Dollar Debt Crisis Looms For Dubai

By SIMON CONSTABLE

Investors in the Persian Gulf need to watch out.

A debt-fueled crisis is headed to Dubai, the trading hub of the United Arab Emirates.

"[A] decade after the [E]mirates' crisis, its debt problems are not over," states a recent report from London-based financial firm Capital Economics.

In fact, they may just be beginning. Read more here.

Monday, February 25, 2019

TheStreet: Why the British Pound Is Set for a Big Move

By SIMON CONSTABLE

The British pound looks set to break out soon. The only question is whether it soars or crashes.

Either way, savvy investors could profit by purchasing options on exchange-traded funds.

Range-Bound Pound


For the last six months, the value of the pound has fetched between $1.26 and $1.32, according to data from Bloomberg. It was recently trading just under $1.32. Read more here.

Photo by Christopher Bill on Unsplash

Friday, February 22, 2019

Barron's: Buy U.K. Baker’s Vegan-Sausage Roll, Sell the Stock

By SIMON CONSTABLE

The Brits have gone crazy for Greggs, a chain of 1,700 or so bakery shops, in part because of its wildly popular new vegan-sausage roll. 
Unfortunately, investors have been gobbling up the stock (ticker: GRG.UK), which has jumped 68% in the six months to Thursday versus losses of 5.1% for the FTSE 100 index, the benchmark for the 100 largest listed stocks in the United Kingdom. It looks like the shares have gotten ahead of the sausage, and shareholders should consider taking profits. Read more here.

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.


Photo by Zlaťáky.cz on Unsplash

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.

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.