Ryanair (RYA) may have struck an uncharacteristically cautious tone in its Q1 results statement this morning but it has nonetheless been rewarded with share price gains of 5-6%. This is also in spite of more weekend attacks in Germany that add to an already troubled environment for European travel, made worse for UK flyers via…
Macro observations It’s a cautiously optimistic return from a weekend in which a number of fatal attacks took place in Germany and one in the US. Economics-wise, we’re due a central bank update from the Bank of Japan which is likely to apply more of the same stimulus measures on Friday. More pressing will be the US Federal Reserve on Wednesday. No change in…
22 Jul Telegraph Mike van Dulken, of Accendo Markets said: “Crude prices back on the back foot this morning – just as oilfield services firms Halliburton and Schlumberger call the bottom for oil. “Markets are still focused on a build in US gasoline stocks which indicates waning demand, even though falling crude inventories should balance this out in due course.” http://www.telegraph.co.uk/business/2016/07/22/UK Index…
The UK 100 ’s post-Brexit recovery has slowed up since mid-month but the fact it remains within touching distance of its post-referendum highs leaves me rather optimistic. Those two weeks spent range trading sideways may yet prove the consolidation required to help the index continue with its reversal from 2016 lows. Next week’s peaking of…
An exciting UK Index earnings season will peak next week, a long list of household names updating on recent quarterly performance. While revenues and profits are of course important, the Brexit situation means outlook is more key than ever. Prepare for some big share price moves by the likes of Barclays, Lloyds, BP, Shell, BT,…
Shares in Nintendo are coming back from their highs following an impressive rally underpinned by the insta-mania surrounding some kind of new game for smartphones or something. That’s right, Pokémon Go – the killer (quite literally in some cases, so we’ve heard) new augmented reality game – propelled shares in the console giant up 120% between 6th and 19th July….