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Take a hike! UK Index losers

My colleague is sure to have caught your eye by talking about the Banks being likely to benefit from a UK interest rate rise by year-end. So it’s my turn to look the other way and discuss who might suffer.  Banks profitability might indeed get a boost from being able to lend out money more…

Accendo’s Foreign Exchange Forecasts, Monday 25 September

Macro observations With the Bank of Japan rounding off global central bank meetings for another month, this week, policymakers at the US Federal Reserve, the European Central Bank and the Bank of England will be paraded in front of investors in order to convey the next steps for monetary policy normalisation. Federal Reserve Chair Janet…

Accendo Press Quotes – Week Ending 22 Sept

22 Sept DigitalLook (Link) Mike van Dulken at Accendo Markets said: “There have been no leaks as yet, but she is widely expected to address three issues – citizens’ rights, monies owed and a transition period – and bid farewell to the ‘no deal is better than a bad deal’ mantra. She will pledge stronger legal protection for…

Nukes, North Korea and New Record Highs

Another week, another tirade of insults. US President Donald Trump branded Kim Jong-Un ‘Rocketman’ while Un called Trump a dotard. But while the most important game of insult tennis wages on into a third month, markets could barely be less interested, and this could be the reason why. Thankfully, this isn’t World War Three. Even…

Risk vs Reward: the perfect trade set-up

I’m often asked what makes the perfect trade set-up in terms of risk vs reward. But it’s too easy to pick and choose from an abundance of share price charts when you have hindsight on your side. So my answer is always the same. Forget charts and share prices for a moment and let’s go…

Kingfisher: A toolbox of positives

Kingfisher shares are top dog on the UK 100 this morning, over 5% to the good after its latest trading update. This despite headline first half like-for-like sales -1.3%, profits -6% and management reiterating a cautious outlook for the second half. Outlook usually trumps everything else (after all, you can’t buy past growth), in which…

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