Macro observations Brexit the main driver this week, with uncertainty dragging the pound down against all major currencies Key data this week (click here for full rundown) US: Markit manufacturing PMI (Mon); Consumer confidence, Case-Schiller, Existing home sales (Tue); PMI, New home sales, Crude inventories (Weds); Employment data, Durable goods orders, House price index (Thurs); Trade balance,…
With the UK 100 set to end the week 200pts higher (+3.4%), now is a very good time to start thinking about one sector that’s hugely popular with traders and investors alike. Love them or loathe them, the UK’s blue chip banks regularly provide us with some of the juiciest trading opportunities – they’re liquid,…
Next week sees the key banking sector continue to update on how it fared in the last quarter of 2015. We’ve already had US and European majors tell us that things were tough (revenues flat, profits under pressure, regulation a burden) and some potentially overdone sector concerns (Negative interest rates, China slowdown, US recessionary risk,…
Shares in Coca-Cola HBC are top of the pile this morning, back testing 2016 highs as investors welcome a better than expected set of FY 2015 results as sustained underlying volume growth in Q4 helped deliver a positive result for the full year and put management in a position to hike its dividend by 11.1%….
Coca-Cola HBC Beats Expectations On Profit And Volume Growth LSE / Alliance News – 19 Feb http://www.lse.co.uk/AllNews.asp?code=5igookno&headline=UPDATE_CocaCola_HBC_Beats_Expectations_On_Profit_And_Volume_Growth UK 100 knocked lower as commodity shares struggle Marketwatch – 18 Feb http://www.marketwatch.com/story/UK Index -100-knocked-lower-as-commodity-shares-struggle-2016-02-18 Glencore raises €7.5 billion to refinance short-term debt early Irish Times – 17 Feb http://www.irishtimes.com/business/energy-and-resources/glencore-raises-7-5-billion-to-refinance-short-term-debt-early-1.2538656 LPC-Glencore to refinance short-term debt early, shares rise…
Glencore stock remains in recovery mode today, making a bullish breakout beyond 6-month falling resistance at 100p. This comes from positive investor reaction to the miner being able to refinance a major loan facility early. An existing revolving credit facility (RCF) of $8.5bn is being replaced by a new $7.7bn facility which is good news, keeping…