Tuesday’s latest release of Kantar Worldpanel market share data for UK supermarkets showed Britain’s biggest supermarket, Tesco, increased sales by their fastest rate in over three years. Growing their share of the market by 2.2%, up from October’s figure of 1.3% (itself the first time that the supermarket has managed positive sales growth since 2015), the data is…
Shares in UK Index telco heavyweight Vodafone (VOD) have found an excuse to bounce from another close shave with 200p, this thanks to slightly better than expected Q3 results this morning. Pragmatism has prevailed with investors concentrating on progress in pre-tax profits, operating cash flow and net debt, rather than negatives including weakness in handsets,…
Macro observations Once again a surprise political event has altered the landscape of global FX markets; however, far from reacting in a similar vein to the “Brexit playbook”, the US presidential election instead prompted the complete opposite. A surprise Donald Trump victory was forecast to produce a sell-off in the US Dollar similar to the…
What a week it’s been. Trump triumphed. So far, the Trump rally has been straight from the ‘Brexit playbook’, with the initial market shock as the polls came in being quickly replaced with a rally of greater proportions. The Dow Jones has posted fresh all-time highs; the German DAX touched 10800 for only the third time this…
Markets are giving US President-elect Donald Trump the benefit of the doubt. Rather like Brexit, early surprise and discontent has already given way to acceptance and optimism. Brexit was obviously not an isolated event. Voters and investors in another major nation have been dealt a new hand. The view now is, what’s done is done,…
11 Nov Digital Look “Equity markets are voting risk-off into the weekend, perhaps worried about what a two-day break could deliver in terms of news about Trump’s team and his plans once in office. A correction from post-election highs is, however, no surprise. We rallied for six days after Brexit before pausing for breath. And…