Hold on to your hats, because next week we see earnings season kick into top gear. With 31 of the UK’s largest blue chip index companies reporting figures, for a total of a whopping 45% by weight, we’re in for one hell of a ride. With so many UK 100 companies reporting, could we even…
21 July Zonebourse “Cette ouverture stable suit une session mitigée à Wall Street et une petite faiblesse des marchés asiatiques”, ont expliqué Mike van Dulken et Henry Croft d’Accendo Markets. https://www.zonebourse.com/actualite-bourse/Londres-quasi-stable-en-debut-de-seance–24795486/ 20 July AP/Daily Mail ANALYST TAKE: “Investors will be carefully listening to ECB head Mario Draghi at his policy update press conference this afternoon…
Macro observations Following the pivotal events last week for the US dollar, it’s time for Europe to take over. The greenback has sunk to fresh 10-month lows following the latest spate of weaker-than-expected macroeconomic data, but can the European Central Bank continue to take the gloss off the world’s reserve currency? On Thursday the Governing…
14 July Reuters UK “In Europe, we’re still not dealing with any higher interest rates, which should be benefiting the U.S. (banks) slightly in terms of net interest margin,” Mike van Dulken, head of research at Accendo Markets, said. “That said we’ve still got the supportive QE helping, but yields are still low, which…
This week the UK 100 broke back out of its 2-week sideways channel, giving bulls hope of a return to record highs. The index may only close the week 0.3% higher but blue-chip traders benefited from attractive share price moves of +/- 7%. As we write, the index has potential to see prior resistance turn…
With Alcoa giving up its coveted position as the curtain raiser for US earnings season earlier this year, it’s unsurprising who has swooped in to take pole position. Three US banking giants have swiftly cemented themselves as the opening act, preparing us perfectly for UK Banks’ own reporting season, beginning 27 July. Today’s figures from Citibank,…