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CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage.71% of retail investor accounts lose money when trading CFDs with this provider.
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Spread betting and CFD trading are high risk and may not be suitable for everyone. You can lose all your deposits.
10 Nov 2015
By Ipek Ozkardeskaya
Anglo American, BHP Billiton
BHP (-2.30%)
Analysts revised down the earnings per share estimate down by another 4% over the past four weeks, down to £ -2.339. Anglo American’s sales are expected to have dropped to £21.534 billion in 2015, with a sizeable 75% drop in Anglo’s operating profit in 2015 £1.167 billion in 2015 from 4.829 billion generated a year ago.
BHP Billiton extended losses to £926.50p, its lowest level since end 2008. In addition to cheapening commodity prices, the large-scale mudslide in Samarco’s Brazil mine will certainly lead to additional legal expenses as the insurance coverage has already exceed $1 billion before dam suits.
The pound is consolidating losses against the US dollar and the euro. Rising concerns over the Chinese slowdown and escalating risks to global growth keep the Bank of England away from a premature policy normalisation.
It is just a matter of time before Cable slips below the 1.50 mark on rising divergence between the BoE and the Fed especially with so many financial institutions adopting a bearish stance While against the euro, the pound should consolidate at about the 0.70c mark, until the European Central Bank gives away more detail on the size of the additional monetary stimulus it is preparing for Christmas.
The information and comments provided herein under no circumstances are to be considered an offer or solicitation to invest and nothing herein should be construed as investment advice. The information provided is believed to be accurate at the date the information is produced. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please note that 71% of our retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing money.
