The UK’s UK 100 (and peer indices) had quite the week. A 475p sell-off (falling channel) was kicked off by scepticism about a 90-day truce in the US-China trade war, keeping alive the possibility of more tariffs and retaliation. Falling oil prices also continued to weigh on sentiment as we moved towards the semi-annual update…
The “three day rule” says you should wait this long before contacting a date, so as not to scare them off by appearing over-eager. It’s not dissimilar with trading; how long you should wait before jumping on a share price breakout/bounce or breakdown/reversal. Waiting helps confirm, or at least increase the probability, that the move…
This has been a busy week for UK politics and things are about to go up a notch. And I am not talking about some arcane legistlative motions that have no impact on financial markets. This is about as real as it gets for business, stocks and the UK Index . Theresa May’s famous Meaningful…
They say that insiders/directors understand a company’s prospects best, that their share purchases/disposals can offer signals to the market when a share price is deemed under- or over-valued. Yesterday was a case in point. Thomas Cook Chairman Frank Meysman made a whopping 50% return in less than 24 hours after buying 373K shares Tuesday for £80K,…
Although the UK Index looks to close out the week +40pts, we are trading around the floor of a week-long 6975-7075 range. Why? Traders are factoring in the risk of little-to-no progress on the trade war resolution front, despite President Trump and Chinese counterpart Xi organising a tete-a-tete at the G20 in Argentina. Banks…
Building on what my colleague wrote yesterday about Tuesday’s upcoming UK Index review (a.k.a the Quarterly Reshuffle), I thought I’d look at all the shares in contention for a move up or down on Christmas Eve. This includes changes between the UK 100 blue-chip index (think Premier League of football) and the mid-caps (think Championship). It…