Building on momentum or cracks in foundations? Next week sees the final batch of UK 100 companies reporting their earnings from the previous quarter; a host of names from a key sector to the British economy will announce financial figures to the market. The Housebuilders, bellwethers for the state of the UK economy, are traditionally…
In many ways this results season is no different to any other. We’ve had the usual mix of positive and negative company updates, and spicy share prices moves. But I’m still being asked the same old questions about share price reactions, to which my response never changes. “What will the shares do on results day?”…
10 Nov Armchair Trader (Link) “That sentiment was echoed with US equities which closed lower yesterday, “retreating from record highs as concerns that the Republican Tax reform could be delayed weighed on wider sentiment.” noted Accendo Markets analyst, Mike van Dulken.” 9 Nov Reuters (Link) “The focus in more on the strategy update. That just highlights the fact that outlook…
Shares in SSE are now in the red having given up earlier gains of almost 4%. This after confirmation of a deal to de-merge its UK household and services energy business to combine it with Innogy’s own NPower, deigned to pool investment and deliver cost efficiencies. The arrival of “an efficient new independent energy supply…
Macro observations After a rollercoaster week of central bank updates, appointments and disappointments, it’s back to politics and macroeconomics to drive foreign exchange markets, with events across the globe likely to dictate sentiment throughout the week. Starting close to home, the ongoing Westminster sleaze scandal has gained further traction over the weekend, leading to another…
3 Nov Reuters (Link) “Those (smaller beats) and the big beats, once you add them all together, makes it actually a fairly good earnings season, hence why markets are where they are,” Mike van Dulken, head of research at Accendo Markets, said. 2 Nov DigitalLook (Link) Accendo Markets analyst Mike van Dulken said that even if the BoE…