This week’s latest Brexit poll swinging towards ‘Leave’ was a shock for the UK 100 , with increased geopolitical risk that the UK leaves the EU. We still believe ‘Remain’ will prevail, and the bookies’ agree, but such a shift in just two weeks suggests you can no longer afford to be complacent. The latest…
It’s that time of the month again – all members of the investment community will be glued to whatever information window they use for tomorrow’s US jobs report. No doubt most will also have some sort of office sweepstake or other such fun and games organised around it. What’s your #NFPguess?! But at the end of…
3 Jun Citywire “With crude futures initially tanking after Opec said (surprise, surprise) it had not agreed on anything to do with oil supply (but why should it have?), they were able to recover back towards the $50 level on another drawdown in US inventories, said Augustin Eden at Accendo Markets.” Digital Look “In focus today…
Wolseley shares have sprung a nasty leak this morning, plumbing 6-week lows to test the 200-day moving average. This comes as investors react to Q3 results which have failed to inspire after management divulged organic revenue growth having slowed markedly since the end of the reported quarter and pre-announced restructuring costs needing to be 33% higher…
Juicers are all the rage these days, the latest we’ve been made aware of being AlixPartners – no Nutri-Bullet perhaps, but more than capable of juicing the latest retailer to go under, Austin Reed. With retailing peer BHS also entering administration in April with a buyer yet to be found (even Mike Ashley’s steering clear of…
Macro observations The USD is still in consolidation mode, with a break above its 100-day moving average encouraging for bulls, who’ll be jumping on Janet Yellen’s comments that indicated a ‘summer’ US rate hike might be on the cards. As usual, this remains data dependent with the afternoon of 31 May likely to provide several key inputs, most notably the…