Macro observations Overview Fed chatter sees the US central bank desperate to keep markets expectant of at least one US rate hike in 2016. However, with some form of economic stimulus widely expected from the Bank of England in August, policy divergence between Europe and the US is only set to widen. A key test for…
15 Jul Digital Look Accendo Markets’ Augustin Eden said: “The subject of terrorism is sure to dominate headlines today, with attention also sure to focus on what this means for the evolving shape of the political landscape in France and the US (Le Pen, Trump sure to gain more support), not to mention how the UK…
Having read through the Bank of England’s July MPC minutes yesterday, the more I think about it the more I don’t see a rate cut in August either. UK interest rates are already at a historic low of 0.5%, and we know Mark Carney is not a fan of the negative. With so little room…
Looking at the shares that have suffered most since Brexit is a common client strategy for identifying recovery opportunities and we could be set to see a great rotation. It’s human nature to consider the possibility that share prices will return to where they fell from. So my clients have me closely monitoring a handful of names…
Barratt Developments (BDEV) was one of the top stocks on our ‘zero sells’ list. Brokers are still unanimously bullish on the company’s shares despite the whole house building sector taking a big hit after the UK’s vote to leave the EU (If I ever have to write that phrase again, I swear I’ll…). But unfortunately…
Shares in cheap tat retailer Poundland (PLND) are up 13% this morning after (perhaps ironically) accepting a £2.22 per share cash offer from South African cheap tat retail specialist Steinhoff International, increasing its existing stake in the company to, well, 100%. This is the first European takeover success for Steinhoff this year, with the company notably…