Member Info for RazorsEdge

Major stock exchanges in Europe traded mostly higher in the premarket on Wednesday as investors prepared for a fresh batch of consumer inflation data coming later this week from the Eurozone, France, Germany, and Spain.

In other news, Burberry Group PLC and easyJet PLC are likely to drop out of the United Kingdom's Financial Times Stock Exchange 100 Index (FTSE 100) judging by their latest performance, with the final decision to be made on September 4. Hiscox Ltd and Tritax Big Box REIT PLC are set to take their places.

The DAX was flat at 8:04 am CET. Concurrently, the Euro Stoxx 50 edged up 0.10%, and the FTSE 100 rose 0.31%.

The euro traded 0.36% below the dollar at 7:59 am CET, selling at 1.11437. At the same time, the pound lost 0.25% against the greenback, going for 1.32291.

Baha Breaking News (BBN) / AY

Happy hump y’al 🐫

Gold currently $2504.62

Major stock market indexes in Europe traded higher during the premarket session on Tuesday, with investors anticipating the release of the latest report on Germany's GfK consumer sentiment survey for September and gross domestic product (GDP) for the second quarter of 2024.

The DAX added 0.23% at 8:00 am CET. At the same time, the Euro Stoxx 50 was up 0.16%, and the FTSE 100 increased 0.46%. At 7:59 am CET, the CAC 40 gained 0.32%.

The euro traded flat against the dollar at 7:59 am CET, changing hands for 1.11666. Simultaneously, the pound was also flat against the greenback, going for 1.31949.

Baha Breaking News (BBN) / RR

Major stock market indexes in Europe traded higher during the premarket session on Tuesday, with investors anticipating the release of the latest report on Germany's GfK consumer sentiment survey for September and gross domestic product (GDP) for the second quarter of 2024.

The DAX added 0.23% at 8:00 am CET. At the same time, the Euro Stoxx 50 was up 0.16%, and the FTSE 100 increased 0.46%. At 7:59 am CET, the CAC 40 gained 0.32%.

The euro traded flat against the dollar at 7:59 am CET, changing hands for 1.11666. Simultaneously, the pound was also flat against the greenback, going for 1.31949.

Baha Breaking News (BBN) / RR

Gold currently $2513.60

Global equity markets have been volatile, Government bond markets have been firming (as yields have fallen) and currency markets have been all over the place, but gold has remained firm, and the $2,500-an-ounce threshold remains in reach.

More pertinently, South Africa’s Gold Fields (GFI:JSE) has swooped for Canada’s Osisko Mining (OSK:TSX), to further suggest that gold mining stocks, such as portfolio members Centamin (CEY) and Resolute Mining (RSG) (Questor, 29 Oct ‘19) could yet prove to be nuggets of value, especially if faith in the economic outlook starts to dim.

Gold Fields’s all-cash bid of C$4.90 for Osisko values the target at roughly two times net asset, or book value, per share. Centamin trades on 1.3 times and Resolute on 1.5 times.

Granted, Osisko operates in Canada, and our two in Africa, so the London-listed names merit some discount given the potential for geopolitical or regulatory uncertainty (and Mali, home to Resolute’s Syama mine, is yet to return to civilian rule after 2021’s military coup).

Equally, they are both producing, while Osisko is not and still in its pre-revenue phase, for all of the excitement surrounding its Windfall project in Quebec which is due to come into production in 2026 or 2027, so the discount rating afforded Centamin and Resolute could be too low.

Questor says: Buy

Ticker: CEY; RSG

Share price: 129p; 35.10p

https://www.telegraph.co.uk/money/investing/stocks-shares/questor-dowlais-could-yet-motor-higher/

The prices of precious metals rose on Friday as appetite for safe-haven assets strengthened following the latest comments by Federal Reserve Chair Jerome Powell.

The Fed's head pointed out that the "time has come" for the US to start cutting interest rates from its 23-year high, adding that his "confidence has grown" that the battle against inflation is on track, during his speech at the Jackson Hole Economic Policy Symposium. "There is a good reason to think that the economy will get back to 2% inflation while maintaining a strong labor market."

Gold added 1.31% to sell at $2,517.48 per ounce at 10:15 am ET. Silver rose 2.74% to trade at $29.78 per ounce. Palladium surged 1.99% to $933.65 per ounce and platinum gained 2.11% to $74.55 per ounce.

Baha Breaking News (BBN) / RR

Gold currently stands at $2510.93

Major European stock indexes traded mixed in the premarket on Friday as all eyes remained glued to the Jackson Hole Symposium and Federal Reserve Chair Jerome Powell's appearance at the event. In his speech, later today, investors will try to catch potential cues that would demystify the United States central bank's next monetary policy steps.

The DAX was down 011% at 8:00 am CET. At the same time, the Euro Stoxx 50 declined 0.22%%, the CAC 40 was flat, and the FTSE 100 gained 0.39%.

At 7:59 am CET, the euro traded 0.12% above the dollar, going for 1.11259. Concurrently, the pound was up 0.13% against the greenback, changing hands for 1.31102.

Baha Breaking News (BBN) / AY

Happy Friday y’al

Enjoy your weekend

Major European stock indexes traded mixed in the premarket on Friday as all eyes remained glued to the Jackson Hole Symposium and Federal Reserve Chair Jerome Powell's appearance at the event. In his speech, later today, investors will try to catch potential cues that would demystify the United States central bank's next monetary policy steps.

The DAX was down 011% at 8:00 am CET. At the same time, the Euro Stoxx 50 declined 0.22%%, the CAC 40 was flat, and the FTSE 100 gained 0.39%.

At 7:59 am CET, the euro traded 0.12% above the dollar, going for 1.11259. Concurrently, the pound was up 0.13% against the greenback, changing hands for 1.31102.

Baha Breaking News (BBN) / AY

Happy Friday y’al

Enjoy your weekend

Gold currently $2491.27

Gold prices scaled record highs this week as western investors piled back into the precious metal as they position for US interest rate cuts this year

https://www.ft.com/content/03ed761e-ccf9-4494-b1f8-1cab8313a07f

European stock indexes traded mostly higher in premarket trading on Thursday, as investors are closely analyzing the release of the United States Federal Open Market Committee (FOMC) minutes from the last policy meeting. The minutes revealed that the "vast majority" of members consider a rate cut in September to be the "appropriate" next step. In addition to this, attention is turning to economic data set to be released today, including Composite PMI figures from the European Union, Germany, and the United Kingdom.

At 8:00 am CET, the FTSE 100 dropped 0.07%. The DAX gained 0.19%, the Euro Stoxx 50 jumped 0.12% and the CAC 40 went 0.16% up.

The euro traded 0.07% lower against the dollar, selling at 1.11426 at 7:58 am CET. The pound sterling was flat compared to the greenback, changing hands for 1.30836.

Baha Breaking News (BBN) / AC

European stock indexes traded mostly higher in premarket trading on Thursday, as investors are closely analyzing the release of the United States Federal Open Market Committee (FOMC) minutes from the last policy meeting. The minutes revealed that the "vast majority" of members consider a rate cut in September to be the "appropriate" next step. In addition to this, attention is turning to economic data set to be released today, including Composite PMI figures from the European Union, Germany, and the United Kingdom.

At 8:00 am CET, the FTSE 100 dropped 0.07%. The DAX gained 0.19%, the Euro Stoxx 50 jumped 0.12% and the CAC 40 went 0.16% up.

The euro traded 0.07% lower against the dollar, selling at 1.11426 at 7:58 am CET. The pound sterling was flat compared to the greenback, changing hands for 1.30836.

Baha Breaking News (BBN) / AC

Gold currently $2505.76

Frasers Group, the FTSE 100 retailer majority-owned by Mike Ashley, is under offer to buy Fremlin Walk, an outdoor shopping centre, in Maidstone, from M&G Real Estate

https://www.thetimes.com/business-money/companies/article/mike-ashleys-frasers-group-to-snap-up-another-shopping-centre-zdlnqx097

Equities in Europe traded higher in Wednesday's premarket ahead of the release of the minutes from the Federal Reserve's latest monetary policy meeting. The document is expected to provide hints on the United States central bank's next move on its interest rates.

The DAX increased by 0.09% at 8:00 am CET. At that minute, the FTSE 100 rose by 0.47%. The CAC 40 gained 0.16%. The Eurostoxx 50 grew by 0.14%.

The euro lost 0.10% to the dollar at 7:58 am CET to sell for $1.11189. Simultaneously, the pound sterling fell by 0.10% against the US currency to change hands for $1.30217.

Baha Breaking News (BBN) / JR

Happy hump y’al 🐫

Equities in Europe traded higher in Wednesday's premarket ahead of the release of the minutes from the Federal Reserve's latest monetary policy meeting. The document is expected to provide hints on the United States central bank's next move on its interest rates.

The DAX increased by 0.09% at 8:00 am CET. At that minute, the FTSE 100 rose by 0.47%. The CAC 40 gained 0.16%. The Eurostoxx 50 grew by 0.14%.

The euro lost 0.10% to the dollar at 7:58 am CET to sell for $1.11189. Simultaneously, the pound sterling fell by 0.10% against the US currency to change hands for $1.30217.

Baha Breaking News (BBN) / JR

Happy hump y’al 🐫

Gold currently $2516.16

The Times: The price of gold could reach $2,600 an ounce after setting a new record as traders raised their bets that the US Federal Reserve will start cutting interest rates next month.

https://www.thetimes.com/business-money/markets/article/price-of-gold-could-hit-2600-an-ounce-as-us-rate-cut-expected-hvxdffnf0

European stock indexes traded mixed in premarket trading on Tuesday, as investors awaited key economic data releases, including Switzerland's trade balance for July, Germany's producer price index for the same month, and the European Union's construction output for June and consumer prices for July.

At 8:00 am CET, the FTSE 100 and the DAX both traded flat while the Euro Stoxx 50 gained 0.08%. The CAC 40 went 0.15% down.

The euro and the British pound both gained 0.07% against the dollar at 7:59 am CET, selling for $1.10774 and $1.29823, respectively.

Baha Breaking News (BBN) / AC

European stock indexes traded mixed in premarket trading on Tuesday, as investors awaited key economic data releases, including Switzerland's trade balance for July, Germany's producer price index for the same month, and the European Union's construction output for June and consumer prices for July.

At 8:00 am CET, the FTSE 100 and the DAX both traded flat while the Euro Stoxx 50 gained 0.08%. The CAC 40 went 0.15% down.

The euro and the British pound both gained 0.07% against the dollar at 7:59 am CET, selling for $1.10774 and $1.29823, respectively.

Baha Breaking News (BBN) / AC

Gold currently $2499.35

Article in the Times tipping the price of gold to reach $2600

European stock equities were mostly lower during Monday's premarket hours as investors awaited the final July inflation data for the euro area, along with reports on the region's manufacturing and services sectors expected later this week.

The DAX lost 0.13%. The Euro Stoxx 50 rose 0.26%. The CAC 40 slipped 0.13%. The FTSE 100 declined 0.26%.

The euro gained 0.18% against the dollar, selling at 1.10483. The pound sterling added 0.15% versus the greenback, changing hands to 1.29641.

Baha Breaking News (BBN) / AB

Happy Monday y’al

European stock equities were mostly lower during Monday's premarket hours as investors awaited the final July inflation data for the euro area, along with reports on the region's manufacturing and services sectors expected later this week.

The DAX lost 0.13%. The Euro Stoxx 50 rose 0.26%. The CAC 40 slipped 0.13%. The FTSE 100 declined 0.26%.

The euro gained 0.18% against the dollar, selling at 1.10483. The pound sterling added 0.15% versus the greenback, changing hands to 1.29641.

Baha Breaking News (BBN) / AB

Happy Monday y’al

Gold currently $2500.11

Spot gold prices continued to surge to another record-breaking level, driven by expectations that the US Federal Reserve is moving towards reducing interest rates. This increase in demand for the yellow metal can also be attributed to traders evaluating the persistent geopolitical tensions in the Middle East and turning to investing in the aforementioned commodity.

Further, recent strong US economic data reinforced the case for a less aggressive stance by the Federal Reserve on its widely anticipated rate cut in September.

Gold grew by 1.8% at 9:50 am ET to sell for $2,500.13 per ounce, having hit the $2,488 mark moments earlier.

Baha Breaking News (BBN) / RR

Gold currently $2507.69

Session high $2509.18

Major European indexes increased in premarket trading on Friday as investors continued to focus on incoming economic indicators, with Eurozone trade balance figures, as well as retail sales data from the United Kingdom due to be released today.

The Euro Stoxx 50 rose 0.27%, the DAX added 0.16%, the CAC 40 climbed 0.29% and the FTSE 100 was up 0.09% at 8:01 am CET.

The euro gained 0.11% against the dollar to go for 1.09847 at 8:02 am CET and the pound increased 0.18% compared to the greenback to sell for 1.28788 at the same time.

Baha Breaking News (BBN) / NP

Happy Friday y’al

Enjoy your weekend! 🤙