9 Sept Telegraph Mike van Dulken, of Accendo Markets, said: “A negative open comes as markets continue to digest disappointment that ECB President Draghi didn’t offer more. This likely stems from a combination of his hands being tied for now (things not markedly worse, but not better either) and wanting to see what peers do (BoE, BoJ, Fed) over the next couple of…
The UK Index ’s Miners are holding the UK flagship index back from a more meaningful test of 6900 support this morning. This is thanks to a weaker USD (expectations of further US rate rise delay), some positive Services data from China and India overnight and hopes that the G20 meeting in China serves to…
I’m always being asked by clients if share prices will rise or fall following the release of a certain piece of important macro-economic data. Many moons ago – before a run of certain financial crises – my answer would have been simple. It might not have needed explaining at all. If, for example, UK or…
Two sectors are catching the eyes of us traders this week. House Builders and Banks. The reason we’re so interested (and the reason you should be too) is that they are both sensitive to interest rates. House builders are happy in a low rate environment such as the one we’re in now, while banks are…
2 Sept Reuters “The fact that things have gone up a little bit this morning is probably a signal that investors are hoping that we won’t get a rate hike in September and they’ll have a bit longer to enjoy lots of cheap money,” Augustin Eden, research analyst at Accendo Markets, said in a note. Healthcare…
The UK UK Index housebuilders sector is showing surprise weakness this morning (flat to down 12%) and this may be why. Recent data on the state of the housing market suggests things aren’t half as bad as they could have been following the UK’s Brexit vote end-June. Wednesday saw UK Consumer confidence data improve, and…