Whilst third quarter company earnings may have been receiving the majority of headlines over the course of the last fortnight, a couple of other incredibly important third quarter figures have been released. Both the UK and the US have released their latest GDP growth figures and it’s official: in both countries GDP growth is better…
28 Oct The Telegraph Henry Croft, of Accendo Markets, said: “A negative opening call comes as expectations that the US Federal Reserve will hike base interest rates in December rise once more on strong US macro data reported yesterday evening while a mixed bag of overnight earnings from the US companies also weighs on market sentiment. “Fallout from RBS’s…
Lloyds (LLOY) shares have staged a remarkable recovery and are back in positive territory following the bank’s Q3 earnings release this morning that was headlined by a profit miss, a pension fund swinging into deficit and a £1bn PPI repayment bill. With profits down on expectations by 6% (-15% YoY) shares opened down by 3% this morning….
Macro observations It looks like the Pound may have finally found some footing against both the US Dollar and the Euro, although it will be macro data released this week that will have the greatest impact on all three currencies. Major event risk for currencies this week comes in the form of Q3 GDP expectations…
With third quarter earnings season now in full swing, both in Europe and the US, it is the turn of the UK Banks to release their figures next week, with Lloyds reporting Wednesday, Barclays on Thursday and rounded off by RBS on Friday. Eagerly awaited by markets and investors, these results will give the first insight…
A fortnight ago we wrote about the whopping 33% of UK 100 stocks offering dividend yields of 4% or better; attractive returns you can’t really afford to ignore when compared to the pathetic interest rates offered by the high street banks. For a refresher see here. This generated much interest (pun entirely intended) about which…