30 June Business Insider Writing in an email on Friday morning, Accendo Markets’ Mike van Dulken says the morning’s activity “comes after a weak Wall St finish (Tech underperforming) extended to Asia overnight as a bond market sell-off inspired by hawkish (perhaps misconstrued) central bank comment proves contagious for equities. After years of low rates and…
Macro observations After two and a half weeks of stalemate, the Conservative-DUP ‘confidence and supply’ agreement has finally been signed, opening the door to a Conservative minority-led government to be officially formed. With the support of the 10 DUP MPs, the Tories will now effectively have a working majority in parliament, crucial as the early…
The UK Index Banks were back in focus this week. Not because investors are any more optimistic about the UK economy – we have political and Brexit uncertainty to blame for that – it was more to do with heightened expectations of the Bank of England hiking UK interest rate rise as soon as August for…
Since Tuesday the UK 100 has traded no higher then 7480, but no lower than 7390. This 90 point range might not sound exciting to traders looking for sharp moves of +/- 2%, and may even discourage some. However, would it peak your interest if I tell you there was potential to trade worth >350 points…
23 June DigitalLook “A negative opening call for European equities comes a after a mixed stateside session, and slim gains in in Asia overnight. Investors may be sceptical of the latest oil price bounce, having been here several times lately but continually failing to overcome a downtrend channel amid global oversupply,” said analysts Mike van…
Macro observations 82 days after the triggering of Article 50, and the beginning of the UK’s exit form the EU, Brexit negotiations finally get underway in Brussels. Diplomats from both sides of the channel now have a little over 500 days until the EU’s head negotiator Barnier’s self-imposed November 2018 deadline for an informal deal to be…