18 Aug DigitalLook (Link) Analysts at Accendo Markets noted that the Footsie had fallen below its 200-day moving average but was closing in on a return to four-month support at 7,300. “European equities are sharply negative as another major risk-off move grips global markets. Concerns that the White House has burnt bridges with the business sector, hurting…
Macro observations Last week saw geopolitical tensions between the US and North Korea reach fever pitch as the leaders of both sides stepped up the war of words. However, after a weekend in which both the tweet-happy Trump and unpredictable Kim avoided further warmongering, FX traders have returned to relative calm. As a result, eyes…
Well that’s a shake up ….. The UK Index pays out a whopping 40 points for ex-dividends and then falls another 200 points to finish the week lower as North Korea and Trump flex their muscles over Guam! Major markets around the world has only just have been trading around record highs, but with political…
It’s no surprise to see the likes of Randgold Resources and Fresnillo among the best performers this week, up 5%. Nor to see Rio Tinto and Glencore down 5%. Not when two of the world’s more unpredictable leaders are trading insults and nuclear threats. However, this wasn’t the only story in town this week. There was…
11 Aug Telegraph Here’s Michael van Dulken of Accendo Markets: “Calls for another negative open (third on the trot) comes after a US equity selloff, inspired by fresh Trump aggression towards North Korea, made for a weak session in Asia overnight.” http://www.telegraph.co.uk/business/2017/08/11/asian-markets-slide-donald-trump-warns-north-korea-nervous/ 10 Aug Investment Week Mike van Dulken, head of research at Accendo Markets, commented:”Equities remain under…
Shares in Paddy Power Betfair are down 5% this morning as investors react to CEO Breon Corcoran stepping down after sixteen years with the group, the last seven of which in the C-Suite. Traders are both shocked and unsure. Shock stems from losing an important figure and business driver, especially with last year’s merger. Uncertainty…