Deutsche Bank downgrades Man Group and upgrades Ashmore

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Source: Marketwatch

Deutsche Bank AG downgraded UK wealth managers by decreasing Man Group PLC rating from buy to sell on low cash flows that may affect company's earnings. However, the bank increased the rating of Ashmore Group PLC from hold to buy on inspiring investment performance. Following the news, stocks of Man Group PLC dropped by 2.6% while shares of Ashmore gained 0.9%.

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Fri, 16 Dec 2011 15:06:10 GMT

Commodity prices will move higher in the second half next year

Commodity price will be lower in the first two quarters of 2012 but they will increase over rest of the year, reported Bank of America Merrill Lynch. The most-probable scenario Europe will go in moderate downturn but the global GDP will grow by 3.5% pushing the gold prices to about $2000 on increased monetary easing. However, in the worst case the recession in the Euro

Fri, 16 Dec 2011 15:04:29 GMT

Jeff Nichols: Gold to jump to $2000 in 2012

Gold prices are likely to achieve $2000 an ounce in the first two quarters of 2012 as the long-term trend for precious metal remains bullish, said Jeff Nichols, Managing Director of American Precious Metals Advisors. The recent gold slump is not unusual and the price for precious metal will soon rebound loses and will climb above record high September's level of $1923 an ounce, he

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