Barclays shares have broken above March and April highs with potential to challenge the downtrend from last August as markets react favourably to Q1 results. This comes on the back of yesterday’s very bullish response to an update from emerging-markets focused peer Standard Chartered (STAN) which saw its stock put on over 10%. It also follows…
Markets like the look of BP (BP/) results today with the shares gapping up to move even further away from the key 200-day moving average and maintain their recovery uptrend from Feb lows. The jump comes after news that Q1 underlying performance (excluding a host of one-offs and extraordinary charges) was much better than city expectations….
It’s not the premium end of the market, granted, but a brief perusal of a BHS (short for ‘British Home Stores,’ for all you youngsters out there) is likely to be just that. Brief. I’m no fashion expert but there’s only one word to describe BHS style, and that’s vanilla. If only it sold ice cream….
Macro observations It’s central bank week! This wednesday we’ve got the BoJ meeting with selling pressure likely on the Yen in the run up. Traders will be extectant of further QE. This could therefore be set to strengthen the USD. US Fed speculation is now more puzzlement. No rate hike is expected to come out of the Fed…
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It would seem the challenging start to the year is well and truly behind us now with the UK 100 index up 800+ points from the lows seen in February. We still can’t ignore fairy tale moves in UK 100 companies like Anglo American (+230%) and Glencore (+100%) over the same time frame. In terms of…