Ocado’s Shares Rise c. 30% and Touch Highest Levels Since March 2014

The Canadian retailer Sobeys has agreed to use Ocado’s e-commerce technology to expand its online business. This is the second deal since November when the company announced a deal with the French retailer Casino.

The 2 deals seem to make Ocado look like a technology company rather than a food-retailer. Ocado is an on-line only retailer operating in the UK market but the e-commerce technology seems to be attractive to many Brick And Mortar grocery retailers.  Could Ocado be the next Amazon for Food?

Posted by / January 22, 2018 / Posted in News

The Double Bind Faced By Greece – Global X MSCI Greece ETF

Greek debt crisis is a vicious circle. The Troika (EU, ECB and IMF) along with the Greek government do not seem to be able to make the Greek debt crisis a chapter in an economic history book any time soon as the involved parties fail to agree on a plan which will lead the country out of the 6-year crisis.

The 3 prerequisites for a complete and sustainable solution to the…. Read more at: http://bit.ly/2hpwS3o

Financial Crisis Of 2017 In The Making (Part 2)

Summary

Italian referendum has increased volatility but a “no” win could fire it.

Waiting for details of a possible settlement of DB fine from DoJ.

Brexit stance to become clearer within the first months of 2017.

Political landscape change and voters become less predictive.

All last week’s economic figures generally in line with estimates. Housing market figures in UK and unemployment rate in US slightly better than expected while initial jobless claims missed estimates.

Next week will be quite interesting starting with… Read more at: http://bit.ly/2gpwwJ6

Heading For Correction And Trouble?

We are now only two months away from the New Year and there is a lot of uncertainty in global markets arising mainly from the US Presidential election, which is only 9 days away and central bank’s announcement regarding interest rates. Until election, we expect the volatility to… Read more at http://bit.ly/2f21rO8

Week Ahead: Uncertainty Will Not Fade Away

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Main European indices moved slightly upwards last week mainly due to some reassurance in the banking sector, which have temporarily stopped the sell-off of last week, a rise in utilities, oil & Gas and consumer goods and services.

On the other hand, US lost some ground on Friday late trading hours after Yellen’s comments on US economy’s resilience. Yellen mentioned that US may have to be on a high pressure… Read more at http://bit.ly/2epLvm4

Week Ahead: Deutsche Bank And Europe To Drive Markets

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Last week the markets were bombed by news regarding Deutsche Bank (NYSE:DB), the flash crash of British pound, which lost 6% in two minutes, and the debate of hard vs soft Brexit. In US, the non-farm payrolls miss estimates and stood at +156K (consensus +175K) and unemployment rose slightly to 5% (est. 4.9%) which may give Fed one more excuse to keep interest rates…Read more…http://bit.ly/2dWXiHU