Donald Trump’s election in the US prompted a massive sell off in UK Defensive equity companies as riskier asset classes such as Mining and Financials were slingshotted up to the top of the UK Index leaderboard. Losses of up to 5% were suffered by some of the UK’s largest companies whilst their peers in other…
Macro observations As has been the case since Britain’s vote to leave the EU in June, the strongest currency in the pack continues to impact the others. However, after its record breaking run, the USD has come off its highs as the driver for the greenback, the probability of a December rate hike, is now cemented…
The UK Index ’s banks are weighing heavily on the UK flagship index into the new week (16pts out of a 60pt decline) on fears that a No vote in next Sunday’s Italian constitutional referendum could mean the toppling of PM Renzi and death toll for some of the country’s battered banks. Fears are that…
25 Nov Digital Look Accendo Markets analysts Mike van Dulken and Henry Croft said: “A quiet European open comes in spite of Asia ending the week on an up note. However, the region’s equities are off their best levels thanks to the USD Index pulling back from 14yr highs and a three-week Trump-inspired rally to…
This week saw new UK Chancellor Phillip Hammond deliver his first budget, or Autumn statement anyway. This may not have been the most exciting on record – they rarely are – but it did contain some reassuring nuggets of good humour and nonetheless impacted the share prices of an area of the stock market that…
Every Monday morning, myself and one of the other traders on my desk pick a stock we feel is going to be a stand out performer over the week ahead. Come Friday lunch time, whoever’s stock is the worst performer for the week buys lunch. This week my colleague went with Randgold Resources – what seemed…