Welcome to an experimental edition of What’s Hot In Shares And Stock Market News. To help you stay up to date with shares and stock markets here are some of the news items that caught my attention.
What’s New This Week?
Gold Miners continue their decline: The mining sector has been in a bear market for more time than I can remember (Mrs Sharesandstockmarkets constantly reminds me that I’ve a memory like a ……) anyway The Philadelphia Gold and Silver Index (XAU) has lost 51% as of year to date on Thursday and Barrack Gold Corp (ABX) – the world’s largest gold mining company – has dropped 56% year to date.
YTD Price Chart Of The Philadelphia Gold/Silver Index, Barrack Gold and S&P 500
Chart and prices courtesy of Yahoo! Finance
Public Health Emergency In The UK: This story is shocking but is reflective of the wider economic backdrop against which Britons are living their lives. According to a bunch of senior doctors, some boffins from The Medical Research Council, two leading universities and The British Medical Journal we’re all living in a “public health emergency”. They have accused the government of a cover up. Chris Mould, chief executive of The Trussell Trust, the largest national food bank provider said that one in three of the 350,000 people who required food bank hand outs this year were children.
The Trussell Trust Website
Hilton seeks $2.4 billion via share float: Hilton Worldwide, one of the world’s biggest hotel firms, plans to raise up to $2.4 billion via a share sale and use the proceeds to pay of debt. In a filing with the US Securities and Exchange Commission, it plans to sell 112.8 million shares for between $18 and $21 each in it’s initial public offering (IPO). The share sale would mark Hilton’s return to a public listing after it was acquired by Blackstone Group in 2007.
Image: A Place To Stay
US Unemployment rate falls to lowest level for 5 years: Unemployment in the US fell to 7% in November, its lowest level in five years, as employers took on 203,000 new people. November’s gain followed a 200,000 gain in October and was far higher than the 180,000 economists polled by Dow Jones Newswires had expected. The news is likely to put pressure on The Federal Reserve to begin tapering it’s $85 billion a month economic stimulus programme known as quantitative easing (QE).
Nelson Mandela, South Africa’s anti-apartheid icon, dies aged 95: Nelson Mandela, the global statesman who delivered South Africa from the dark days of apartheid, has died aged 95. Mr Mandela had suffered from a series of lung infections over the past two years and died at home in the company of his family. “Our nation has lost its greatest son” said current President Jacob Zuma on national TV.
Nelson Mandela’s post presidential oak desk as he left it in 2010
How To Start Value Investing In 30 Days: The feedback I’ve received so far for the free ebook has been very positive and I’ve been encouraged by your kind words to continue to produce and promote value investing and already have an awesome bunch of projects ready to be launched starting this winter and heading into 2014 – thank you 🙂
- How To Research Undervalued Stocks
- Why Warren Buffett Invested In Exxon Mobil
- Stock Market Prices And How To Profit From Them