It’s not the premium end of the market, granted, but a brief perusal of a BHS (short for ‘British Home Stores,’ for all you youngsters out there) is likely to be just that. Brief. I’m no fashion expert but there’s only one word to describe BHS style, and that’s vanilla. If only it sold ice cream….
Macro observations It’s central bank week! This wednesday we’ve got the BoJ meeting with selling pressure likely on the Yen in the run up. Traders will be extectant of further QE. This could therefore be set to strengthen the USD. US Fed speculation is now more puzzlement. No rate hike is expected to come out of the Fed…
22 April http://www.telegraph.co.uk/business/2016/04/22/UK Index -100-falters-and-yen-slides-as-bank-of-japan-eyes-negative-r/ 21 April http://timesofindia.indiatimes.com/business/international-business/European-stock-markets-rise-at-open-before-ECB/articleshow/51923555.cms https://www.zonebourse.com/actualite-bourse/Londres-en-legere-baisse-avant-la-BCE–22208928/ http://www.telegraph.co.uk/business/2016/04/21/UK Index -100-stumbles-ahead-of-ecb-rate-decision/ http://uk.reuters.com/article/britain-stocks-idUKL5N17O2FT http://uk.businessinsider.com/heres-what-to-expect-from-the-ecb-today-2016-4 20 April http://www.telegraph.co.uk/business/2016/04/20/UK Index -100-falters-and-oil-skids-as-kuwaiti-oil-workers-end-three/ http://www.wallstreetitalia.com/sezione-di-mercato-preborsa-2/ http://www.theguardian.com/business/live/2016/apr/20/oil-chinese-shares-uk-unemployment-ec-google-live http://www.iii.co.uk/articles/310985/arm-profits-beat-subdues-mobile-worries http://www.digitallook.com/news/market-report-us-pre-open/us-pre-open-stocks-seen-flat-as-oil-prices-push-lower–1128289.html http://www.thisismoney.co.uk/money/markets/article-3549206/Cambridge-tech-giant-ARM-sees-profits-revenues-rise-despite-fears-saturated-smartphone-market.html 19 April http://www.telegraph.co.uk/business/2016/04/19/UK Index -100-hits-fresh-2016-high-after-oil-prices-rebound-as-kuwait/ http://www.proactiveinvestors.co.uk/columns/jackhammer/24793/dollar-topping-out-saves-commodities-or-does-it http://uk.businessinsider.com/oil-prices-tuesday-19-april-2016-4 http://www.proactiveinvestors.co.uk/companies/news/124953/rio-tinto-boosts-iron-ore-production-despite-falling-prices http://www.theguardian.com/business/live/2016/apr/19/markets-and-oil-rise-as-opec-gloom-fades-business-live http://www.thisismoney.co.uk/money/markets/article-3547358/Rio-Tinto-produce-iron-ore-delays-new-518m-driverless-train-AutoHaul.html 18 April http://www.telegraph.co.uk/business/2016/04/18/UK Index -100-suffers-steep-fall-as-oil-tanks-after-doha-talks-fail/ http://www.theguardian.com/business/live/2016/apr/18/oil-plunges-markets-opec-output-freeze-imf-brazil-greece-live http://www.dailymail.co.uk/wires/ap/article-3545462/The-Latest-Russian-currency-plunges-amid-oil-price-drop.html http://www.digitallook.com/news/market-report-europe/europe-midday-stocks-pare-losses-as-investors-continue-to-digest-doha-meeting–1124317.html http://www.marketwatch.com/story/30-oil-within-days-what-analysts-are-saying-about-the-failed-doha-talks-2016-04-18 https://www.washingtonpost.com/world/europe/the-latest-russian-currency-plunges-amid-oil-price-drop/2016/04/18/20ca8f82-0543-11e6-bfed-ef65dff5970d_story.html http://www.finanzen.net/nachricht/aktien/Heute-im-Fokus-18-04-2016-4828870
It would seem the challenging start to the year is well and truly behind us now with the UK 100 index up 800+ points from the lows seen in February. We still can’t ignore fairy tale moves in UK 100 companies like Anglo American (+230%) and Glencore (+100%) over the same time frame. In terms of…
Monday morning seems like an age ago when markets got their first opportunity to react to a failed attempt between OPEC members and Russia to agree a global production freeze to boost oil prices. The Doha/Qatar meet was a joke. However, rather than selling-off hard at the prospect of a continued global supply glut, prices…
Smiths Group shares are strongest among the this morning as investors digest news that the group is acquiring US detection company Morpho from French Aerospace and Defense giant Safran for $710m. While news of an acquisition tends to dent the acquirer’s share price (spending cash/diluting shareholders by issuing shares, risk of overpaying, integration risk, etc) the…