Shareholders in Wetherspoon (JDW) are crying into their beer this morning despite solid Q1 underlying sales growth and what is described as a decent start to the year. As always outlook is king, and so a cocktail of comments from the character that is Chairman Tim Martin are weighing on investor sentiment, putting the shares…
As the second round of FBI investigations into Hillary Clinton‘s use of a private email server continue, the latest ABC opinion polls show Donald Trump with a ‘slim’ one point lead over his Democratic counterpart. What impact has this 13% swing in voting opinions had on markets? Below is a round up of the performance…
Shares in Asia-focused Standard Chartered (STAN) are leaking most on the UK 100 this morning after Q3 profits (pre-tax, pre-exceptionals) missed consensus. Management highlighting still elevated loan impairments and expectations for markets to remain challenging is a message investors don’t want to hear. Not when data from China shows signs of stabilisation, soothing market fears…
In the 3 months since the Brexit vote, the UK 100 went from dire straights in the immediate aftermath to a bounce worthy of an Olympic gymnast as the foreign earners’ club lifted the index to post fresh all-time highs. But as we reach the home straight of third quarter earnings season, some of those…
Macro observations October is set close as the second worst month of the year for the Pound, as the start of November provides multiple central bank monetary policy updates that could see FX markets swing from one extreme to another in the coming days. Placing runner up only to the referendum month of June, ‘hard’ Brexit fears…
28 Oct The Telegraph Henry Croft, of Accendo Markets, said: “A negative opening call comes as expectations that the US Federal Reserve will hike base interest rates in December rise once more on strong US macro data reported yesterday evening while a mixed bag of overnight earnings from the US companies also weighs on market sentiment. “Fallout from RBS’s…