The UK 100 index is now just 200 points from making fresh record highs. It’s been an incredibly strong finish to the week with the UK blue chip index shrugging off a heavy 36 point dividend impact on Thursday to break back above 6900 – a bullish sign that markets are reacting well to the…
8 Aug Telegraph Augustin Eden, of Accendo Markets, said: “A flat opening call comes after Chinese trade data disappointed, although a negative start was likely averted with market watchers noting that data lags reality, so this shouldn’t worry too much. Asian markets have in fact outperformed after Friday’s impressive US Jobs report. This served to strengthen the…
Macro observations One of the most pertinent drivers last week was the surprisingly strong US jobs report. US rate hike expectations increased on the news with the probability of a September move rising, but a December hike more likely still. Markets still appear to be pricing in neither, however, as US and global monetary policies diverge like never before. So…
How low central bank rates boost equities We’re living in a new era of very low central bank rates, so we’d do well to understand how they help boost equities! At face value it’s pretty simple: the central bank lowers interest rates which encourages people and businesses to put money to work in the economy,…
A UK 100 Dividend Bonanza The UK’s UK 100 has had a massive boost into the end of the week, having rallied by nearly 200pts since the Bank of England cut interest rates to record lows and boosted both QE and the funding for lending scheme. The index looks to now be consolidating ahead of…
5 Aug Telegraph Augustin Eden, of Accendo Markets, said: “A positive opening call for European equity markets comes after the Bank of England threw the kitchen sink at what is after all only a potential post-Brexit economic downturn. Even though it hasn’t happened yet, sentiment indicators are telling us it probably will. Fitch has noted that the BoE’s…