Daily news from Investment International http://www.investmentinternational.com Wed, 10 Mar 2010 12:38:18 +0100 FeedCreator 1.7.3 http://www.investmentinternational.com/images/M_images/joomla_rss.png http://www.investmentinternational.com Daily news from Investment International http://www.investmentinternational.com/index.php?option=com_content&task=view&id=3410&Itemid=27 Surprisingly weak export figures and credit rating agency’s poor assessment of UK economic outlook combined yesterday to undermine Sterling. Wed, 10 Mar 2010 09:19:31 +0100 http://www.investmentinternational.com/index.php?option=com_content&task=view&id=3409&Itemid=27 The majority of private banks and wealth managers show little regard for the protection of personal data on their public websites, according to a new survey. Wed, 10 Mar 2010 09:18:19 +0100 http://www.investmentinternational.com/index.php?option=com_content&task=view&id=3408&Itemid=27 Basic rate UK taxpayers who have used their cash ISA allowance every year since launch are £3,000 better off, it is claimed. While higher rate taxpayers have saved over £5,500 in tax by using their cash ISA allowance.  Wed, 10 Mar 2010 09:15:45 +0100 http://www.investmentinternational.com/index.php?option=com_content&task=view&id=3407&Itemid=27 Commercial property could provide investors with a handsome 25% return over three years, it is claimed. Wed, 10 Mar 2010 09:10:49 +0100 http://www.investmentinternational.com/index.php?option=com_content&task=view&id=3406&Itemid=27 More than nine in 10 real estate investors plan to either maintain or increase allocation to UK commercial property in 2010 as they expect values to stabilise or rise over the year, according to a new survey. Tue, 09 Mar 2010 09:27:30 +0100 http://www.investmentinternational.com/index.php?option=com_content&task=view&id=3405&Itemid=27 The value of investment funds in Guernsey increased by £2.7 billion during the final three months of last year, the second successive quarter of growth, according to new figures just published. Tue, 09 Mar 2010 09:20:51 +0100 http://www.investmentinternational.com/index.php?option=com_content&task=view&id=3404&Itemid=27 Investment fund sales in January were the highest ever for the first month of a year with investors favouring global, Asian and US equities, according to the latest figures from the Investment Management Association. Tue, 09 Mar 2010 09:17:20 +0100 http://www.investmentinternational.com/index.php?option=com_content&task=view&id=3403&Itemid=27 Barclays Wealth is reissuing its popular core range of products for investors willing to accept an element of risk to their capital, the bank has announced. Tue, 09 Mar 2010 09:10:49 +0100 http://www.investmentinternational.com/index.php?option=com_content&task=view&id=3402&Itemid=41   Market Outlook - US : US indices jumped last week helped by better than expected economic data and optimism about stability in the Euro zone. Shares in the Auto (+8.33%), Media (+5.47%) and Materials (+5.29%) sectors led the rally. From a technical point of view the rise above 1030 has triggered a new upward acceleration that should lead the index to 1150, its last 52w high and a key level to break to target 1200. Only a break below 1097 (20d moving average) would reinstate the short term downside risk. - EUROPE : European indices jumped more relative to the US helped by strong week on week gains in the Basic Resources (+9.89%), Auto (+8.98%) and Construction & Materials (+7.01%) sectors. On the STOXX 600, the index has broken above its strong resistance area at 254/255 and should extend its gains to 261.39, the last 52 week high. Only a break below 246 (20d moving average) would call for a larger consolidation. March 8th - March 12th Market Round up   Weekly chg (%) Last Dow Jones 2.3 10566.2 Nasdaq 100 3.8 1888.6 Dax Xetra 5 5877.4 Cac 40 5.4 3910.4 Foreign Exchange Euro/dollar : The pair has rebounded on its support but remains under pressure as the RSI is capped by a declining trend line. SHORT below 1.4250 towards 1.34 & 1.30. Dollar/yen : The pair is pulling back on its support ahead of a rebound. LONG @ 88 with 93.80 or even 97.50 in sight. Company preview Antofagasta (GBp 993 ; 12.39% ; ANTO ; ANTO.L) On Tuesday, Antofagasta, a mining, transport and water company, is expected to report a FY pretax profit of appx. $1.4bln vs $2.6bln a year ago. Last week, the Co said that its Chilean mine resumed operations after being halted by the recent earthquake. The Co was also upgraded to "equal weight" from "underweight" at Barclays. Graphically, the upside breakout of 960p is a positive signal that has triggered a bullish acceleration. Moreover, the 20D MA is reversing up. As technical indicators do not show any reversal signs, the price looks set to make a run towards its previous high @ 1054p. EADS (EUR 15.955 ; 5.28% ; EAD ; EAD.PA) The same day, EADS, the aerospace and defence Co, could report FY09 sales of appx. E42.4bln vs E43.2bln a year ago and net income around E250m vs appx. E1.6bln a year ago. Last week, Airbus, its plane maker unit, said 67 planes were delivered in January and February 2010. On Thursday, the Co said India may need 1,030 new aircraft valued at appx. $138bln over the next twenty years. The Co was upgraded to "neutral" from "sell" at UBS. From a chartist point of view, the stock is clearly on the upside and should reach its key resistance threshold @ E16.56 (2009 high) where some profit taking may occur. Kroger (USD 22.74 ; 2.9% ; KR ; KR.N) Kroger, a retail food chain, may deliver a 4Q EPS of $0.34 compared to $0.28 a year ago on sales flat YoY to $17.7bln. Technically, the stock has filled its bearish gap and remains within a bullish channel. Since the 20D and 50D moving averages have reversed up, the bull camp seems to have the edge. Although, gains look fragile as technical indicators are close to their overbought area and the long term declining trend line may cap the current up move. Thus, only a breakout of the resistance line ($23) or either the lower boundary of the bullish channel ($21.5) will set the direction of the next move. E.ON (EUR 26.87 ; 2.73% ; EOAN ; EONG.DE) On Wednesday, E.ON is expected to deliver a FY net income of appx. E5.7bln vs E1.7bln a year ago (bef-mkt). Last month, the Co said it has no plan to expand in the French energy market arguing that no competition was possible as prices are essentially regulated by the state. From a chartist point of view, the price pushed above a declining trend line. As long as the stock remains above its key MT support threshold @ 25.55, we favour a bounce towards E27.6 and even E29. Brown Forman (B) (USD 55.51 ; 6.02% ; BF/B ; BFb.N) The same day, Brown Forman, a Co in the vine and spirits business, may report a 3Q EPS of $0.7 vs $1 a year ago (bef-mkt). Last month, the Board of Directors declared a regular quarterly cash dividend of $0.30 per share on its class A and class B common stock. Recently, Brown-Forman was added to the S&P 500 Dividend Aristocrats Index set by Standard & Poor's as the Co has paid regular quarterly cash dividends for 64 consecutive years. From a technical point of view, the stock jumped last week towards its previous yearly high. The rising 20d and 50d moving averages call for a new test of $55.55. Only a breakout of this level would initiate a new up leg towards $58. Selection of those events which may affect the stock prices of international Large Caps Corporate Calendar March 8th - March 12th Date Market Company Event Monday, March 8th     UK Intertek Group annual results   UK Petrofac Ltd annual results   US H&R Block 2nd-Quarter results Tuesday, March 9th     FR EADS annual results   GE Deutsche Post annual results   UK Liberty International annual results   UK Inmarsat annual results   UK Antofagasta annual results   US Kroger 1st-Quarter results Wednesday, March 10th     BE Fortis annual results   FR JC Decaux annual results   FR Lagardère annual results   GE E.ON annual results   IT Pirelli & C annual results   UK Tullow Oil annual results Thursday, March 11th     BE Delhaize Group annual results   GE Hannover Re annual results   GE K+S annual results   UK Morrison Supermarkets annual results   UK Old Mutual annual results   US Pall 1st-Quarter results  Friday, March 12th     NE VOPAK annual results Economic Calendar (CET) March 8th - March 12th Date Market Economic data Period Expected Last Monday, March 8th       No major economic data expected   Tuesday, March 9th       No major economic data expected       Wednesday, March 10th   16:00:00 US Wholesale Inventories JAN 0.2% -0.8% 16:30:00 US Crude Oil Inventories (WoW chg) W9 NA 4034 20:00:00 US Monthly Budget Satement (Bln) FEB -196.754 -42.634 Thursday, March 11th   14:30:00 US Trade Balance (Bln) JAN -40.626 -40.181 14:30:00 US Initial Jobless Claims (Thsd) W9 NA 469 Friday, March 12th   14:30:00 US Retail Sales FEB -0.1% 0.5% 14:30:00 US Retail Sales less Autos FEB 0.1% 0.6% 15:55:00 US U. of Michigan Confidence FEB 73.8 73.6 16:00:00 US Business Inventories JAN 0.2% -0.2%   This document does not constitute financial advice. If you require such advice, you should seek appropriate professional advice. Internaxx accepts no responsibility for the content of this newsletter. Investors are not authorized to copy, reproduce, duplicate, sell, resell or exploit any portion of the Newsletter for their own commercial purposes. In that case, Internaxx will immediately end the subscription. Content provided by:   Mon, 08 Mar 2010 15:00:00 +0100 http://www.investmentinternational.com/index.php?option=com_content&task=view&id=3401&Itemid=27 People with offshore investments who have notified HM Revenue & Customs that they want to use the New Disclosure Opportunity (NDO) have only a few days left to make their disclosures online and to pay what is owed. Mon, 08 Mar 2010 09:40:47 +0100