"The Greek debt crisis is in year seven," says Dimitra DeFotis in Barron's. "It could turn out to be a lucky number." The country has just agreed a further package of pension, tax and labour market reforms with its creditors, opening the way for discussions about debt relief a crucial precondition for a sustainable economic recovery. The political backdrop has improved too; for the first time in ages "Greece has had some government stability", says John Koudounis of Calamos Investments. Hence the nascent rally in Greek stocks may not, for once, be a false alarm.
Viewpoint
"Without the captive markets of empire, [the UK's] trading performance has been nothing to get excited about It is heavily dependent on a few key areas armaments, aerospace, whisky, pharmaceuticals and North Sea oil. We have some world-class companies but not enough of them Management consultants McKinsey analysed British manufacturing... and found that only a small part was internationally competitive... if these world-class businesses doubled and redoubled their global penetration, their success would be dwarfed by the likely job losses in those areas of manufacturing vulnerable to cheap imports."
Anthony Hilton, Evening Standard
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Should you invest in UK equities?The FTSE 100 hit a record high this week, but UK equities remain unloved and undervalued compared to their global and US peers. Should you snap them up at a discount?
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State pension errors: DWP urged to check for mistakes among divorced peopleFormer pensions minister Steve Webb says there are a high number of divorced women on low state pensions. Now MPs want the DWP to check if there were any errors in “potentially underpaying men and women who are divorced”.
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What would the greatest mathematician of the Middle Ages say about gold today?Sponsored Italian mathematician Fibonacci is most famous for a curious sequence of numbers. Continuing his series on technical analysis, Dominic Frisby explains what these numbers are, and what they can tell us about gold’s next move.
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How moving averages can reveal trades worth betting on – and ones to avoidSponsored Dominic Frisby looks in more depth at how moving averages can help you catch turning points in markets and help you decide which trades are worth pursuing.
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This chart pattern could be extraordinarily bullish for goldCharts The mother of all patterns is developing in the gold charts, says Dominic Frisby. And if everything plays out well, gold could hit a price that investors could retire on.
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Believe it or not, this market is a “buy”Charts With the world in the state it’s in and the market so volatile, buying stocks right now might go against all your instincts. But that’s just what you should be doing, says Dominic Frisby. Here, he explains why.
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Chart of the week: avocados and bitcoin are in syncCharts An amusing new spurious correlation has been spotted between the price of bitcoin and Mexican Hass avocados. In reality, of course, they have nothing to do with each other beyond “superficial price action”.
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Chart of the week: Kuwait's stockmarket is ready for take-offCharts Kuwait's stockmarket is due to be promoted from “frontier” status to an emerging market by index provider MSCI next June. That should entice almost $10bn of global investors’ cash into the country.
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Chart of the week: US stocks outrun profitsCharts The US stockmarket has become totally detached from underlying profits of its constituent companies over the past three years.
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Chart of the week: Dr Copper diagnoses an ailing economyCharts The price of copper has slipped by a fifth this year and is now at a near-two-year low of around $5,600 a tonne.
