19th May 2011
The Independent, like everybody else is talking about the excitement there is around social media and whether or not it will last? When the flotation of Linkedin was announced pricing was originally set at $32 to $35 a share, valuing the business at $3bn – now, just a few weeks later, LinkedIn has priced the shares at $45, valuing the company at $4.3bn (£2.66bn). The last time this type of increase in price happened it was, coincidently or not, two days before the first dotcom bubble burst, that is not to say this will happen here, but something to think about…
Citywire is looking into ways the adverse weather has affected the markets
The New York Times has reported on how Japan's devastating earthquake has caused it to fall back in to recession as it disrupted production and prompted consumers to cut back on spending.
The Wall Street Journal is also looking in to how food commodities have been affected by weather. Wet weather in the U.S. and dryness in Western Europe are driving the recent rise in wheat, which will cause issues in areas like the middle east where wheat is major part of their diet.
The Guardian has written about how consumer confidence has and is still falling, and it may fall as low as during the recession, with the main reason behind why the public are feeling so disheartened is because of lack of jobs, the state of the economy and the problems in the housing market.
The Telegraph are discussing a piece of research by HSBC on how to do well in emerging markets. They say a long term strategy is needed; those who held funds rather than buying and selling depending on the markets were the investors who saw the most gains over a 10 year period.
The BBC News are reporting on the safe haven investment, gold. Since the collapse of the Lehman Brothers investors became unnerved and have consistently been pulling out of other commodities in favour of gold.