3 Jun Citywire “With crude futures initially tanking after Opec said (surprise, surprise) it had not agreed on anything to do with oil supply (but why should it have?), they were able to recover back towards the $50 level on another drawdown in US inventories, said Augustin Eden at Accendo Markets.” Digital Look “In focus today…
Wolseley shares have sprung a nasty leak this morning, plumbing 6-week lows to test the 200-day moving average. This comes as investors react to Q3 results which have failed to inspire after management divulged organic revenue growth having slowed markedly since the end of the reported quarter and pre-announced restructuring costs needing to be 33% higher…
Juicers are all the rage these days, the latest we’ve been made aware of being AlixPartners – no Nutri-Bullet perhaps, but more than capable of juicing the latest retailer to go under, Austin Reed. With retailing peer BHS also entering administration in April with a buyer yet to be found (even Mike Ashley’s steering clear of…
Macro observations The USD is still in consolidation mode, with a break above its 100-day moving average encouraging for bulls, who’ll be jumping on Janet Yellen’s comments that indicated a ‘summer’ US rate hike might be on the cards. As usual, this remains data dependent with the afternoon of 31 May likely to provide several key inputs, most notably the…
27 May Guardian Mike van Dulken of Accendo Markets wonder if Yellen might play it cool at Harvard: In focus today will likely be Fed Chair Yellen’s speech after the European close, especially after her colleagues (mostly non-voters) were out in force this week swaying expectations about a Summer rate hike. Note, however, Yellen is only receiving…
What a week for the UK’s UK 100 , and indeed many of the major global indices. But what was the catalyst for broad based rally we’ve seen? To start off, we’re again looking at two of perhaps the most familiar market drivers, which is great for you – here have been no black swans…