It’s the UK Index Miners that are finding it hardest to get back to work after the long weekend, giving up 2-4% in a flat market. Holding back the sector are two drivers. The first is technicals after major breakdowns in the prices of key raw materials iron and copper, both barometers of global growth….
Everyone wants to be the person who predicts the next financial crash. I see this every day. One day, of course, a bunch of people will be correct – call heads enough times and, eventually, heads it’ll be. The thing is, at the moment things are very much ‘Tails’ and it’s hard to envisage anything…
John F Kennedy was paraphrasing a Chinese proverb when he said “There is a great deal of noise on the stairs but nobody comes into the room.” His point was that it is easy to talk about problems but rather more difficult to fix them. This applies to many parts of the financial markets following…
26 Aug Telegraph Mike van Dulken, of Accendo Markets, said: “A rather subdued opening call is nothing out of the ordinary given the event risk attached to Fed Chair Janet Yellen speaking in Jackson Hole this afternoon. This because she may (only Dixons offers guarantees) deliver a cryptic hint or two about the timing of the next US rate hike. Which…
Persimmon shares are dragging their housebuilding brethren higher this morning (up 2-3%) after reporting a strong set of H1 results; revenues up 12% year-on-year, but pre-tax profits up more than twice as fast (+29%). Whilst in the fortuitous position of being able to announce healthy margin expansion management is making sure the Brexit doom-mongers are well…
Macro observations The blowout US Jobs report is likely still fresh in the memory of the Federal Open Market Committee (FOMC) as it looks to keep markets’ bullishness in check. Key data out this week could boost rate hike expectations further with US Retail Sales expected to rise by 0.4% in July, while a rebound in the Uni. of Michigan Confidence…