8 June 2016 Amid heightened chances of an ‘out’ vote on 23 June, this week sees a trio of interconnected stars aligning for UK blue chip companies pre Brexit. First of all, the godsend that was the dire US jobs report last Friday that single handedly tore up any plans the US Fed may have made purporting…
Sainsbury shares have already bid farewell to early gains of 2% to trade flat as reality sinks in and investors focus on a 6-week share price downtrend and potential for a retrace to the 18-month channel floor around 230p via a bearish flag pattern. This after the grocer reported a Q1 same-store sales ex-fuel decline…
7 June 2015 HSBC continues to plod higher. As banking stocks go, it’s not particularly exciting, but HSBC and Asia-focused peer Standard Chartered have experienced somewhat of a reversal of fortunes recently. No longer are they out of favour on account of their over-exposure to things not western. Quite the contrary – it seems that right…
Weir Group shares are among the winners this morning as investors help maintain their recovery trend to post fresh 2016 highs (8-month highs in fact). The recent bounce from Feb rising lows support comes thanks to oil prices looking gung-ho to build upon recent gains and conquer the $50 mark decisively (Brent is already there; US…
Miners are topping the UK 100 this morning (up 2 to 7%) as the commodities space benefits from a weaker US dollar basket, back below the key 95 level for first time in a fortnight. The currency’s reversal of recent strength comes in response to Friday’s surprisingly weak May US jobs report that must be…
This post will begin with something you’ve heard a million times before: The year to date has seen impressive price moves in commodities and mining stocks. Fantastic! Ok, now we’ll digress onto something a little more original. The moves in commodities such as Gold, Iron Ore and Copper have been tracked at the very least by…