Latest News From The World
Tuesday’s extremely weak German industrial production figures published for August have come an awkward time for the German government. An informal “employment conference” including some EU leaders has been called by Italian Prime Minister Renzi, and it is scheduled to take place, amid little advance publicity, in Milan … Read entire story.
Source: Gavyn Davies
Which way is the market going to go? The technicals on the SP500 show a weakening trend that, should it break through the channel support, could begin a serious leg to the downside. Having said that, the market is also testing the 200 day moving average, and if it finds support, could actually swing to […]
China is considering taxing foreign investors for their share-trading profits going back to November when Beijing announced an exemption of such duties after the launch of the Shanghai-Hong Kong connect scheme, the stock regulator said on Friday. China’s two largest portfolio investment schemes for foreigners, known as the …
Yes, say the folks at Nomura, who recommend buying Celgene (CELG), Receptos (RCPT), Gilead Sciences (GILD), Neurocrine Biosciences (NBIX), and Alexion Pharmaceuticals (ALXN), in that order. Analyst M. Ian Somaiya and team explain why: October has historically been a weak month for biotech, with the Nasdaq Biotechnology Index underperforming the …