21 Oct This is Money Meanwhile, Mike van Dulken, of Accendo Markets, said: “It’ll be interesting to see whether UK Retail Sales adds to the flow of post Brexit data that has done anything but signal panic and collapse since end-June. September is seen showing a retail rebound from a weak August although the annual rate is likely to…
It’s an all too familiar scenario; the population of the US setting themselves down for an evening in front of the television to witness personal insults, conspiracies and controversies by the minute. But this isn’t a run-of-the-mill US reality TV show. Tonight, the third and final US presidential debate takes place between Democratic candidate Hillary Clinton and Republican…
Macro observations Following the strongest weekly performance of the USD for 8 months last week, it is the performance of its European peers, rather than its own, that will come into question towards the latter part of this week. The European single currency is subject to the highest weekly event risk as the European Central Bank meet on Thursday…
Travis Perkins (TPK) is today’s blue-chip loser after a full year profits warning that could represent a canary in the Brexit coal mine. Especially after a summer of resilient UK economic data seeing off an army of doomsayers. News of multiple branch closures in response to slack demand, meaning an additional £40-50m exceptional restructuring costs,…
Burberry (BRBY) shares are looking anything but luxurious this morning, holding the UK Index wooden spoon as shareholders vent frustration at disappointing underlying Q2/H1 growth. A weak wholesale segment (revenues -14%) seen persisting into the second-half is something investors simply can’t ignore (25% sales) especially with the risk that issues in the US (uneven demand)…
14 Oct Reuters “An increase in PPI and the highest CPI reading for the Chinese economy in five years has seemingly offset the negative export data reported in the early hours of Thursday morning and is helping the UK Index regain a foothold above 7,000,” said Henry Croft, analyst at Accendo Markets. “Bulls will be…