Many people are touting Article 50 to be the big market mover next week. They might just be wrong. On Monday morning, we’ll have the market reaction to the first major legislative vote for the young Trump administration in the US. You may be forgiven for thinking that an event all the way across the Atlantic might not have…
24 Mar Reuters “This is the first real hurdle (Trump) faces, and any resistance could suggest that (he) would face similar resistance to other policies down the road,” Mike van Dulken, head of research at Accendo Markets, said. “The current rally has gone so far on promises, the markets are starting to ask for a lot…
Kingfisher (KGF) shares have dived underwater to the tune of 3.5%, but failed to resurface in the wake of a busy set of FY 2016 results. Underlying pre-tax profits +14.7% on sales +8.7% suggests nice margin expansion, even if flattered by a Brexit-weakened GBP. A dividend +3.3% is also good news. And although the Chairman…
Macro observations After the twists and turns of last week’s central bank updates, a relatively light week for macroeconomic data thrusts the spotlight onto speakers on both sides of the Atlantic to provide foreign exchange markets with direction, while the build up to the official triggering of Article 50 begins in earnest. The single most…
As I’m sure you’re aware, this week has been a particularly busy one for central bank policymakers, while we’ve also been closely watching commodities following last week’s calamitous showing from Crude Oil. Yet at the end of this week, few would have predicted the biggest winner would be the always popular Mining sector. Having been on the receiving end of a torrid…
Another record-breaking week for the UK 100 index has seen it reach a fresh all-time intraday high of 7445. Of course, the burning question on the lips of investors and traders alike is ‘how much further can it go?’ What if, however, it was only just getting started? After the Federal Reserve, as expected, raised rates,…