10 Nov Armchair Trader (Link) “That sentiment was echoed with US equities which closed lower yesterday, “retreating from record highs as concerns that the Republican Tax reform could be delayed weighed on wider sentiment.” noted Accendo Markets analyst, Mike van Dulken.” 9 Nov Reuters (Link) “The focus in more on the strategy update. That just highlights the fact that outlook…
Shares in SSE are now in the red having given up earlier gains of almost 4%. This after confirmation of a deal to de-merge its UK household and services energy business to combine it with Innogy’s own NPower, deigned to pool investment and deliver cost efficiencies. The arrival of “an efficient new independent energy supply…
Macro observations After a rollercoaster week of central bank updates, appointments and disappointments, it’s back to politics and macroeconomics to drive foreign exchange markets, with events across the globe likely to dictate sentiment throughout the week. Starting close to home, the ongoing Westminster sleaze scandal has gained further traction over the weekend, leading to another…
3 Nov Reuters (Link) “Those (smaller beats) and the big beats, once you add them all together, makes it actually a fairly good earnings season, hence why markets are where they are,” Mike van Dulken, head of research at Accendo Markets, said. 2 Nov DigitalLook (Link) Accendo Markets analyst Mike van Dulken said that even if the BoE…
As it stands, a very respectable 34% of UK 100 blue-chips offer income-seeking investors a projected dividend yield of 4% or better. The Bank of England may just have raised interest rates for the first time in a decade, but reversing last summer’s Brexit referendum emergency 25bp cut to return to a UK base interest…
This week will go down in the history books, if not for the temporary disabling of Donald Trump’s Twitter account then at least for the first Bank of England rate increase in over a decade. As a result, the question that almost all of my clients have asked me is how might this affect the…