15 Dec CityWire ‘Fresh Fed forecasts for three US rate hikes in 2017 was higher than consensus of just two, a number we had regarded as fair, with potential for an upgrade or downgrade mid-year without spooking investors,’ said Mike van Dulken, analyst at Accendo Markets. ‘Instead, we’re back to where we were this time last…
The standout performer on the UK 100 this morning is software company Micro Focus International after a shining set of expectation-beating results have seen it buck the overall market downtrend. A half year report that saw earnings shoot up by 22% and pre-tax profits increase by over 14%, just a matter of weeks after the company…
Since September, OPEC has been frantically trying to organise its first production cut deal since the financial crisis in order to combat the continuing crude oil downturn in a hope that the embattled industry can once more regain its economic prowess. Saudi Arabia, under the influence of Prince Mohammed bin Salmam al-Saud, has been a…
Macro observations Monetary policy is once again back in the driving seat for FX markets as we await updates from the US Federal Reserve and the Bank of England whilst continuing to digest last week’s European Central Bank’s “tapering-but-not-tapering” announcement. The headline event will take place across the Atlantic on Wednesday as the Federal Reserve’s Open…
This week’s UK Index winners are those investor favourites; the Banks and Miners. This comes thanks to US markets extending their Trump inspired rally to fresh record highs and the European Central Bank (ECB) saying that extraordinary stimulus measures are here to stay for another year at least. Probably two or three. Markets were already…
Unless you’ve been living under a rock, or perhaps cut yourself off from the world since Donald Trump’s election, you’ll be well aware that financial markets globally have been undertaking an almighty rally, nowhere more so than Trump’s United States. Wall Street has closed at all-time record highs for four simultaneous days already this week and…