Market News

Friday file

24/09/2021

We are in the Jewish harvest festival period, called Sukhot, when the reading is "vanity, vanity, all is vanity" from the prophets. The portion also includes the timing of the harvest: "for every thing there is a season: a time to be born, a time to die. A time to plant and... More

Thursday file

23/09/2021

It was the night before Christmas and all through the house, not a creature was stirring, not even a mouse.That is my reaction to the China-only attempt to obtain the rescue of Evergreen real estate in China by allowing bond defaults outside its mother country. The Hong Kong reaction was a 7.1%... More

Wednesday file

22/09/2021

The spate of bad news came to an end when the Federal Reserve said it would delay raising interest rates. However it certainly did not say this will continue for long. The dollar fell.Drug DealersBluebell Partners Ltd of London has taken a stake in Glaxo to drive out its CEO, Emma Walmsley, who has a marketing... More

Tuesday blog

21/09/2021

It was a day of huge market moves and several reporting companies, and my internet crashed, which is why this blog is late. Trudeau won but did not get a parliamentary majority. More for paid subscribers... More

Friday file

17/09/2021

Our top performers today include  Nio for the reason given below.  Other winners include Mercado Libre the Amazon of Amazonia; Thermo Electron, my largest US holding. The big loser was Prosus of South Africa, a proxy for Chinese Internet stocks under attack from Beijing, which I think is a potential winner using its cash. Another loser is Qualcomm, a... More

Wednesday file

15/09/2021

Newson was not recalled. The California populist specialty is becoming useless.The south of France has seen dramatic floods along the Mediterranean coast. Global warming is real.China is seeing a price collapse in steel and iron ore and its retail sales were up only 2.5% in August vs 8.5% in July. Moreover... More

Tuesday blog

14/09/2021

It took only a half hour for the brief rise in stock markets over inflation being 0.1% below what was forecast to reverse. Our stocks being mostly non-US were more buoyant. Our best performer was Fibra Uno, the Mexican REIT, FBASF, up 5.31%. It trades only occasionally. Grupo Bimbo, another Mexican, gained 4.04%,... More

Moday file

13/09/2021

So here is an update on Nokia from its presentation with Citigroup this morning. Pekka Lundmark is NOK's CEO and explained that NOK reports in euros not dollars. Pekka LundmarkOur view on 2021 in terms of mobile networks, volumes has not changed dramatically. We have been talking about the so-called headwinds in the North... More

Tuesday blog

26/08/2021

Today our Israeli drug stocks rose because the apparent success of the country's huge inoculation effort seems to have reversed. So even Teva is up along with small cap stocks like Compugen, up 5.5%, Bioline, up 3.6%. and Cerus, up 6.1%. However Theravance stock crashed to $10, I know not why. Also up... More

Wednesday file

25/08/2021

Today the US Cyber Security summit brought the tech giants to Washington. Pres. Biden, heartily condemned from Britain and Europe and evenSouth Korea for failing to secure the safety of Afghans who were linked to the west in the past two decades, has decided to change the subject which at least... More