Financial markets have swiftly reassessed Trump’s win, embracing it with bullish gusto. After a gracious acceptance speech there is faith that a more Presidential persona will replace the extreme character portrayed to win populist votes. Markets are moving on even more quickly than after the UK referendum Brexit result. Investor skin has clearly thickened in the interim. Which bodes well,…
At the front of the pack this morning are Copper miners (Antofagasta, BHP Billiton, Evraz, Glencore, KAZ Minerals, Vedanta Resources) seeing share prices increase upwards of 5% as the post-Trump commodity rally continued through the night. A 4.4% rally in the price of the metal so far today follows on from yesterday’s 5th consecutive positive…
Trump wins. The outside chance political outcome is once again the victor as news outlets and polls have been proved decisively wrong for a second time in six months. Yet for all the scaremongering and populist tendencies he showed in the long and hard–fought election battle against the Democratic nominee Hillary Clinton, Trump’s victory speech…
With less than 24 hours to go until the 45th President of the United States of America is announced, markets are once again trading timidly, as tonight’s election is once again too close to call for investors. However yesterday’s second ‘all-clear’ for Democratic nominee Clinton from the FBI in its investigation into her use of a private email…
Shareholders in Assoc. British Foods (ABF) are enjoying a welcome sugar rush this morning as markets react very positively to better than expected FY growth (sales, profits, selling space), helping shares extend an October bounce to levels last seen in late September. A global bond rally reducing financing costs coupled with lower tax and helpful…
Macro observations With November’s central bank updates now behind us, there’s one event this week that will dominate investor and market sentiment. The US Presidential Election. Tuesday’s culmination of 17 months of campaigning and spends of over $100m by both candidates is still hanging in the balance. Democratic nominee Clinton, having been cleared for a second time…