Showing posts with label analysts. Show all posts
Showing posts with label analysts. Show all posts

It is time to buy copper: what the analysts are saying

Most analysts consider copper as fundamental the tightest metal offers and demand of all.

In a Bloomberg survey of 14 metals analysts and traders published today, ten - or 71pc - said that the price of copper has more next week. Three predicted at low prices and a forecast little change.

Gerard Lyons, Chief Economist and head of the international group of research, Standard Chartered

"Copper demand is robust and mine supply has difficulty tracking after years of under-investment." The relative positions of mine the planet, the Chile and largest consumer of the planet, China's largest supplier to highlight a big problem: Chile should add 56 thousand tons (kt) mine provide this year, so that in our forecast reasonably prudent, China will add 830kt from the demand of the equation. ?

Jochen Hitzfeld, UniCredit:

"Existing mines suffer fall ore content." The content of the ore mine Escondida [at Chile], the largest worldwide, for example, halved since 1996. ?

He also said:

"Among industrial metals, copper copper is our favorite," adding that the deficit forecast for 2011 and 2012 supply will reduce stocks to "near historic lows.

Daniel Major, RBS:

"Like it or hate, the launch of potential for a couple of funds exchange traded physically backed up copper (FNB) set the cat among the pigeons in what is already a fundamentally tight copper market." While it is probably of when not so, copper assaults marker per tonne of $10,000, where copper uber bulls we differ is in the calendar, where we expect to see the marker exceeded $10,000 tonne of soon, but rather only step until after 2012. But there is a risk that a relatively modest uptake of new ETFs could advance this target price.


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The Spain next? Analysts consider country then a deposit online

Protesters burn an image of Prime Minister Brian Cowen the Ireland in front of Leinster House in Dublin.?Photo: Reuters

In a note describing the prospects for 2011 for European banks, analysts of Deutsche Bank said sovereign concerns "at the top of the agenda.


"We expect this process to continue at the beginning of 2011, as economics team Deutsche Bank believes that the Portugal is very likely to exploit the IMF / EU (ESFS) rescue mechanisms year prochaine.Mais we believe that the Domino should stop down Spain.".


Colleagues income fixed at Deutsche said in a note Monday that they were not at all surprised to see the concerns on the Spain rising again.


"The market seems to think that it is inevitable Portugal request assistance then - maybe in January?"-and then after Spain will be examined with a fine tooth comb in the coming months.Doing work for the future we growing arrived to the conclusion that if you think that the sovereign decision of problems of Greece, the Ireland and perhaps Portugal depends on whether you think it is a problem with the financial system across the West, or if you think that's only a problem with the individual over leveraged entities.?


Simon Samuels, Barclays Capital analyst said in a note last week:


"" The Irish crisis and subsequent salvage returned sovereign concerns to the forefront the spirit of the investisseurs.Mais is it simply the case that some harsh comments of Angela Merkel did bond investors run coverage? we do not believe. ""


He added:


"In short, the Irish sovereign has been dismembered by its banking system...."In September, Irish banks to share repurchases of € will form the Government guaranteed debt.While the Government could (and has) extend this warranty as Iceland in 2008, it seemed no more credible on the market, bond issues becoming nerve, and the system has begun to implode.?


Written on the subject which could be then, he said:


"Our esteem Spain challenges remain considerable - the probability of a positive result poor so that at least the sovereign and the banks have successfully navigated travelled to wire the funding hump faced in 2011 both printemps.Les asset quality quotation marks will probably last much more longtemps.En however, we are much more optimistic on Italian perspective .the ' lack of assets and large bubble limited funding dependence suggests that banks have little additional risk to the Italian sovereign."


He added:


"Many commentators have suggested that the Spain is too large to be admitted to concrete plans on how to solve a real Spanish crisis remain opaque .Tandis failure, should materialize the Spanish the tail of a surety risk off, it is likely that the French and German economy (more) will be the largest share of saving the Spain and, by extension, the euro zone."


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Black Friday: what analysts say

Black Friday is a big day for negotiating hunters, but analysts expect sales to drive recovery.

A note on Black Friday preview, published earlier this month, Citigroup said U.S. retail analysts accounted aggressive promotions and early openings driving more customers through their doors.


"Home Depot, Kohl Corporation, Macy and target Corp. (TGT travel Black Friday second consecutive earlier) open up an hour earlier this year versus last year they hope to expand the day shopping and drive more consumer by their previous openings portes.Les put these four retailers first online in competition for limited budgets consumers and should help to earn a share portfolio,"they added.""


CITI named Macy and target Corp. as their top selects for the holidays.


Broker even what weather conditions have been defined to look like the same day, saying that weather trends international should minimal rain or snow on Black Friday, which should maximize traffic.


Goldman Sachs analysts also watched the weather in advance of Black Friday, adding that they believed that a strong start in November should drive strong impulse on the holiday season sales.


"We believe that sales of strong started November based on the following".(1) November has been cooler after warming trends in October;temperatures are lower in October compared with only 10% to 16% last year.(2) Trafficking began earlier in the month, "said broker."


Goldman analysts stated that there had been an encouraging comment management trends mid-month, which represented a change from previous years, when management tempered excitement that the weak sales and aggressive discounting dominated the season.


The broker named his favorites, enter day as Kohl, Costco, and target.


But, despite all the buzz about Black Friday, observers warn that with four weeks more to the left until Christmas and some customers leaving shopping until the last minute, Black Friday is not necessarily an indicator high season as a whole.


"Black Friday is different from the whole fêtes.Black Friday event, says James Russo, vice President market and consumers information screen, Nielsen."


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Oil hits two years analysts predict $100 per barrel in 2011

Brent crude traded in London, hit $88.80 of falling to $88, which is slightly lower highs seen in the spring. But New York prices topped their highest in two years, touch $87.22 barrel at a time given, front retreat on late trading potential dollar.

Analysts have begun to predict the price of crude oil reach $90 before the year is out and top $100 per barrel in 2011.

This week, JP Morgan raised its average 2011 forecast for New York crude oil traded $89.75 82.50, per barrel after the United States Federal Reserve said that it would continue with the quantitative easing.

"It is always fed Wednesday which is stimulating oil prices" said analysts of Commerzbank."Additional cash pumped into the market by buying the Treasury of the Federal Reserve should also meet the commodity markets and thus leads to the increase in oil prices. What level higher prices reflect the weakness of the US dollar which is a direct consequence of the monetary policy of the United States ultra-expansive.?

Global demand for oil has increased 1 m barrels a day in 2010 - increasing to an amount of double previous forecasts.Prices have increased this week when Ali al-Naimi, the Minister of Saudi Arabia oil predicts prices from $ 70 to $ 90 rather than his previous 70 80 $ .libye, another Member of the OPEC oil cartel's estimate was forecast oil $ 100 at the end of the year.

"The current oil price is widely supported polls fundamental demand continuous and increasing in developing countries while the quantitative easing in the United States has weakened the dollar, and added some foam at the price of crude," said Andrew Moorfield, head of the oil & gas at Lloyds TSB.

Another optimistic factor for oil is rising prices that energy companies currently receive for their réserves.BP and Shell have been assign fields larger than the market expected this year amounts.

The evolution of securities analysts said: "" Royal Dutch Shell announced it sells reserves proved 27 m barrels of oil equivalent to an average of $16.7 barrel .c ' is another example, recent divestiture of BP, where the sale on active devices can achieve significant amounts of cash for relatively little loss of production and reserves. ""

Royal Dutch Shell has unloaded participations in gas fields mature six in deep waters of the Gulf of Mexico for $450 m (£ 270 m).

The oil major is firing party high prices that it tries to get rid of billions $ assets this and next year.

She sold the fields produce 18,000 barrels oil equivalent per day and 27 m barrels reserve W & T Offshore Inc.

"We are focusing our investment on the most promising growth opportunities and this means that some fields that correspond to our sales strategy said Marvin Odum, Director of Shell for upstream Americas."

Shell in the Gulf of the Mexico production decreased by 4pc since the BP oil spill resulted in a ban on drilling in deep water.


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Credit offers brief Soc Gen bank analysts shock on research

"In this note I would like my view clear."

Edwards is referring to recent plays his colleague Dylan Grice on the world economy, have diametrically different vision of his own songs.

Really, you should read the chose.Edwards makes perfectly clear notice in the title. ""Shame on you Mr. Dylan Grice," it reads.

I wonder if the two of them share a desktop?

Is that someone has had a laugh? I stumbling turned conservative Minister Wikipedia page author Lord Hurd.

Buried in amongst the details of an extraordinary political career details the many scholarly books it is written - memoir, history of Foreign Affairs and other tome on Robert Peel.

Then there is his novels, voting to kill, the shape of image in the water and ice.

OH, and then there are Secret Hurd to her Majesty and, my favorite, Thunderhurd.

Not appear in the book lists.I think someone has a laugh.

To the defence.You might think that the cat to pick up the Organization & security this week would be reductions in defence, the rising costs of bullets or the last set of camouflage mode.Not a bit of it .the ' event was all a-twitter on a very different topic, MP-turned-TV free Gyles Shaun.He was not there but was Richard Paniguian, head of the Organization of Defense & Security.

My man Conference "Richard does look just like Shaun," me. "It sounds like him YH ' asleep during a minute.Lorsque I woke up I thought I was in the audience for the counting.?

Association of electricity producers where energy Minister Charles Hendry had tips for frustrated the Loi.Le payers conservative Minister explained how, as he told his children (they must have captivated) how his job was to keep the lights on, they allèrent.Rapide like you have it as it was on the phone with EDF to complain, adding: "I am the Minister of energy."

EDF firstly not believed him, and then realized that he was and finally, but quickly reconnected lui.Conseils of it to other people with power cuts?

"Say just that you're me."

After all, we're all in this together.

Jonathan.Russell@Telegraph.co.UK


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