Resurgent UK Index Miners are waving the wooden spoon this morning, giving up ground as traders who dared bottom-pick over the last 3 weeks sensibly book some handsome and very welcome 10-40% profits following a helpful combination of USD weakness, short covering, technical breakouts and brokers suggesting a bottom for some base metals. News of…
Retail investors are rushing back into UK 100 Miners, jumping on momentum from a weak USD inspired by hopes the Fed dials back on its hawkish trajectory for US rate rises. Gains may be despite little change on the commodity supply glut front, however, it would appear that an increasing faction views the sector as…
1 Feb Donald trump actually looks like pretty much any animal on the planet. Here, I’ve found one in which he looks exactly like an Amazon Horned Frog (Trump is, in fact, on the right). The polls are giving him a very real chance of getting the Republican nomination for the US presidential election, but…
Shares in telecom giant BT Group (BT.A) are topping the UK 100 this morning after investors welcomed an upbeat consensus-beating Q3 report card showing profits +14% on demand for its fiber-optic broadband services and which allowed management to reiterate FY 15/16 guidance. Growth is the strongest in several years, helped by the consumer division which…
Kuroda boosts markets with negative charge Proactive Investors – 29 Jan http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/24126/kuroda-boosts-markets-with-negative-charge-24126.html LONDON MARKET OPEN: Oil Rally And BoJ Rate Cut Boost Shares Alliance News / LSE – 29 Jan http://www.lse.co.uk/AllNews.asp?code=gxtuqgcm&headline=LONDON_MARKET_OPEN_Oil_Rally_And_BoJ_Rate_Cut_Boost_Shares European stocks higher after BoJ decision CNBC – 29 Jan http://www.cnbc.com/2016/01/29/european-markets-oil-prices-inflation-data.html UK 100 surges as Bank of Japan…
Analyst Weekly roundup – 29 Jan 2016 UK equities have rallied back to the key 6000 level this week, taking the recovery from January lows to an impressive 7%. Sentiment has been boosted by a brace of drivers including an oil price recovery from 13yr lows and more action by accommodative central banks, which provided…