17 Feb This is Money Mike van Dulken, at Accendo Markets, said: ‘The final session of the week comes after a mixed close on Wall street as the Trump trade appeared to lose steam heading into a long weekend following a record run and rather lively presidential press conference. ‘This morphed into a down day…
UK Parliament’s February recess this week has provided something of a rarity since June of last year – a week with very little mention of Brexit arising in both research releases and the media. The lack of chatter may come as welcome relief for those that are already sick of the subject, even before we reach the triggering…
Shareholders in Cobham (COB) must have thought it couldn’t possibly get any worse when a January profits warning claimed the dividend. Five weeks on, however, the ever-struggling defence and aerospace engineer has managed to add insult to injury with yet another one at a time when patience is no better than wafer thin. In fact,…
Having only broken the 20,000 point barrier three weeks ago after almost two months of trying , the Dow Jones is already over halfway towards 21k in the latest in a string of stock market rallies since Donald Trump was elected as US President. Not only is the Dow soaring, but the S&P 500, Nasdaq and…
The UK Index ’s financial contingent is driving the index higher this morning, banks in particular. This after hawkish testimony from Fed chair Yellen which is supportive in terms of higher interest rates to boost net interest margins – the difference between what banks can charge for loans and what they pay for deposits. This…
Macro observations Last week it was a range of fiscal promises that drove markets, however this week may instead see monetary realities leading FX space in an all-star showing for macroeconomic data and speeches. US President Donald Trump’s promise of a ‘phenomenal’ reform to taxes in the States in a meeting with airline executives provoked a significant market reaction, as equities…