On a cold winter evening in Vienna, members of OPEC confounded the world. The group, notorious for its internal disputes and questionable compliance record, agreed to its first production cut in 8 years despite some disagreement between Iraq, Iran and Saudi Arabia continuing into the 11th hour. Furthermore, OPEC convinced non-members, including Russia, to take part in the cuts, themselves hoping…
Today we have seen a significant uptick in the probability the the US Federal Reserve hikes interest rates at their next policy meeting on 14-15 March, as hawkish testimony from a crucial voter on the committee keeps the door open for an imminent rate hike. Fed fund futures are now forecasting a 50% chance of…
Shares in aerospace, defence and energy engineer Meggitt (MGGT) are 10% for the better this morning as investors react to a positive outlook for 2017 and hopes that the company will be a beneficiary of increased US military spend. While group profits fell 6% in 2016 due to tough energy markets, and the division is…
Macro observations In the aftermath of a bungled Oscars ceremony, foreign exchange markets will be hoping that political and economic speakers this week creating avoid Hollywood-esque confusion with key speeches this week set to influence FX space. President Donald Trump will likely take the headlines as he gives his first address to Congress on Tuesday evening,…
This week taught investors several things about their beloved UK Banks. Some continue to recover from the financial crisis while others are still struggling. This leaves investors with a choice to make about what kind of growth story to be invested in or to trade around. One which offers share price returns, chunky dividends or…
As we like to mention from time to time, the Housebuilding sector really is one of the most loved by retail investors. Whether it’s the fact that their names are sprawled across buildings wherever you go, or perhaps even that you are able to quite literally see your investment grow right before your eyes, there is…