5.45am As it stands, this could go down as one of the most impressive political backfires in UK history. After Brexit, of course. From a position of apparent strength less than six weeks ago, it looks very likely that PM May will see her parliamentary majority erased. A Conservative loss of outright power would surely…
Berendsen (BRSN) is today’s winner, +8.4% after agreeing to a revised £2.2bn offer from French workwear rental and laundry service competitor Elis (ELIS). As suggested 18 May, previous rebuffs merely served to extend the M&A tango and encourage a third bid. As expected, BRSN has successfully eked out a better offer for shareholders. The latest…
Macro observations After seven long weeks of campaigning the UK general election is now only days away and, depending on which poll you take into consideration, the race is either becoming too-close-to-call or is all but over. But it’s not just the election that will influence foreign exchange markets this week. In fact, there are…
This week has seen stock markets the world over trade fresh multi-year and even all-time record highs. Waves of positive data have helped investor sentiment reach fever pitch in New York, Tokyo, Frankfurt and London, with indices in the latter three markets hitting their highest levels ever on Friday. However, for traders in London, there’s one…
Whilst understandably there’s only one event that will receive the headlines next week, there’s another top tier event taking place on June 8 which traders should pay close attention to. Near to the European Union’s land border with Russia, European Central Bank policymakers will meet in Talinn, Estonia to provide markets with their latest monetary policy decision….
2 June Nasdaq “This fresh investor bullishness stems from a significant beat for US private sector jobs yesterday, raising hopes that today’s non-farm payrolls print will also surprise to the upside to seal a June rate hike by the Fed,” Henry Croft, a research analyst at Accendo Markets in London, said by e-mail. http://www.nasdaq.com/article/european-stocks-rise-ahead-of-key-us-jobs-data-traders-eye-possible-june-rate-hike-cm797786#ixzz4iqCftSxa 1…