Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
LONDON (ShareCast) - (ShareCast News) - UK stocks rose on Wednesday as oil prices recovered and the markets assessed dovish remarks from Federal Reserve Chair Janet Yellen. Yellen on Tuesday said the central bank should proceed with caution on raising interest rates amid looming global risks to the US economy, including low oil prices and a slowdown in China. Speaking at the Economic Club of New York, she said the Fed will monitor a number of factors in its policy decision such as the pace of global growth, inflation, the strength of the dollar and commodities. "It (Other OTC: ITGL - news) seems that the markets interpreted Yellen's goals as somewhat unrealistic and reacted accordingly," said Rabobank. "The odds that the Fed may hike in April fell to virtually zero from already low 6% before her speech." Meanwhile, oil prices rebounded from the previous day's lows. Brent crude increased 1.4% to $39.73 per barrel and West Texas Intermediate rose 1.7% to $38.98 per barrel at 0857 GMT. Weekly US crude oil inventory data from the Department of Energy at 1630 BST will be closely followed amid concerns about the market. On the corporate front, mining stocks reversed declines from the prior day with Anglo American (LSE: AAL.L - news) , BHP Billiton (NYSE: BBL - news) and Glencore (Xetra: A1JAGV - news) among the biggest risers.
Might not let you see the article, it says. South Africa’s Public Investment Corporation, the continent’s biggest fund manager, has pushed its stake in struggling miner Anglo American beyond 11 per cent after buying nearly 8m additional shares. The group, which was already Anglo’s biggest shareholder, bought 7.96m shares on Tuesday, according to a regulatory filing released today, taking its total number of shares to more than 154.8m and giving it 11.01 per cent of the total voting rights in the miner.
I think 500p might be the lowest we hit from now on. http://www.ft.com/fastft/2016/03/30/south-africas-biggest-fund-manager-ups-stake-in-anglo/
I read that earlier. AAL would be better off breaking up the company now and selling everything. Make some money then. Looks like AAL is a long hold. Could be sitting on my investment for the next two years or watch it disappear :/