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…
While the focal point of markets over the last week or so may have been the US election, investors could have missed the situation unfolding in Crude oil markets. With many beginning to doubt whether OPEC’s provisional production output cap agreement in Algiers is plausible, reports emerged on Friday stating that Saudi Arabia has threatened to…
4 Nov Marketwatch The loss “comes down to….politics, politics everywhere [with] investors concerned about the outcome of the U.S. election next Tuesday, what the U.K. High Court ruling means for Article 50 and Brexit and a lively French presidential debate before primary elections in two weeks,” said Accendo Markets analysts Mike van Dulken and Henry…
Shares in UK housebuilders have suffered a real drubbing today (down as much as 5%). This may surprise many of you, especially in light of all that positive housing market data and decent results/outlook from the big name builders since the referendum. However, there are a handful of reasons that can explain today’s negative share…
UK’s housebuilders are getting a drubbing this morning (down 1% to 3%). A non-exhaustive handful of reasons can explain poor performance for what is a much-loved sector for retail investors. Yesterday’s more balanced view from the Bank of England (BoE) on interest rate outlook, with economic growth holding up surprisingly well, reduces the probability of…