After 26 months of Buy recommendation, a $14 rise and a $9 dollar fall, Deutsche Bank has downgraded Rinker to Hold. And dropped the target 28%.
Tensions are simmering again as the US attempts to block Iranian banks suspected of funding terrorism. In the meantime, India is to get its own gold exchange-traded fund.
A disappointing earnings update in terms of margins has seen brokers cut forecasts for Westpac, the bank moving to the back of the pack in terms of preference among the major banks.
DBS expects the US will begin cutting interest rates next year, with the move to have implications for rate curves in other markets given the relationship between the greenback and other currencies.
The US CPI for August came in at 0.2% rise – half of July’s.
A report by CLSA suggests Hong Kong needs to do more to address its pollution issue or risk losing out to Singapore and other Asian cities.
Chartists at Barclays Capital believe a relief rally in gold next week is a real possibility.
Citigroup suggests the time is right for the major banks to consider spinning off their wealth management operations, as such a move could create significant shareholder value.
FTA TV and newspaper advertising is crashing further as online and pay TV picks up the difference. Lucky the government has a protectionist policy for FTA TV.
The latest update to the world’s most authoritative annual gold survey was released today and a return of investor buying is the significant prediction.
