Seasons Greetings from 360investgroup

Seasons Greetings from 360investgroup

Here’s wishing you a Merry Christmas. Next year we will have even more exciting opportunities for our clients.

360investgroup

Market Snaphot 13th December 2010

Market News and Views

The FTSE 100 is called to open higher this morning helped by a positive end on Wall Street and gains in Asia. Overnight we had domestic data showing that house prices fell by 3% on the month according to Righmove and were just 0.4% ahead on a year ago. In addition, the BRC reported that most UK retailers expect this year's christmas sales to at least match 2009's figures. Later in the session investors will also have PPI data to digest. 

Today's Company announcements

Reckitt Benckiser Acquisition. It is to acquire India's Paras Pharmaceuticals for £460m which will be financed from existing facilities. Paras is a privately-owned company with a portfolio of leading Indian over-the-counter health and personal care brands.

De La Rue Chief Executive Appointment. The company has appointed Tim Cobbold with effect from 1 January 2011 as Chief Executive who was previously at Chloride Group.

Markets Summary	Previous	Change
FTSE 100	5812.95	4.99
FTSE 250	11280.96	17.58
Dax	7006.17	42.01
Dow Jones	11410.32	40.26
Nasdaq	2637.54	20.87
S&P	1240.40	7.40
Hang Seng	23378.28	215.37
Nikkei	10293.89	81.94

Commodities Summary	Previous	Change
Oil	91.36	0.74
Gold	1388.80	8.47
Silver	28.90	0.44

Currency Summary	Previous	Change
£/$	1.5789	-0.0011
€/$	1.3201	0.0003
$/¥	84.12	0.1300
£/€	1.1952	-0.0010

Time	Country	Indicator	Median	Previous
9:30	UK	PPI Input m/m	0.7%	2.1%

360investgroup

Market Snapshot 8th December

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360investgroup

Market Snapshot 7th December

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Markets Snapshot 6th December

Market Snapshot 6th December 360investgroup

Market News and Views

The FTSE 100 is called to open higher this morning, recovering some of the previous session's falls in tandem with modest gains overnight in Asia after Wall Street turned higher late on Friday. Federal Reserve chairman Ben Bernanke said the central bank could end up buying more than $600bn in U.S.government bonds it has committed to purchase if the economy failed to respond or unemployment stayed too high. Asian equities, edged higher on Monday, responding positively to U.S. moves but paused slightly after reaching three-week highs in the previous session.   

Today's Company announcements

De La Rue confirmed today it' recieved a highly preliminary and opportunistic approach' from another company. "There is no certianty this highly preliminary approach will lead to an offer. A further announcment will be made as and when appropriate" it said.  The confirmation comes after Sky News reported late Sunday that it rejected a £750m approach from French company Oberthur Technologies. The all cash offer was made in the past few weeks, Sky said on a reporters blog. It was rebuffed as Da La Rue thought the offer undervalues the comany.

360investgroup

London Weather 2nd December

Our Spanish office is enjoying the sun - 17 degrees in Marbella, we are not so fortunate!!

360investgroup

Todays Market Snapshot 2nd December 2010

360investgroup Market Snapshot

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Todays markets 1st December

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