Construction and support group Carillion (CLLN) shares are down another 18% this morning to 99p/100p having breached Q4 2002 support at 106p to trade levels not seen since late October 2000. After yesterday’s 39% drop, this takes the declines to 48% in less than two sessions. Investors (both those nursing losses and those circling for…
Macro observations Central Banks remain the key drivers of foreign exchange markets, with policymakers in both North America and Europe continuing their gradual turn towards a more hawkish standpoint. However, investors now have to decide who is in the strongest position to amend current accomodative policies. Has the Fed tinkered too much, too soon? Will…
The headlines this week have been dominated by several speculative M&A reports involving some of the largest companies in the UK. After all, it’s not often that a UK 100 giant will be approached by another firm looking to purchase it, let alone two in a single week. The first story detailed multiple supposed takeover…
7 July Digital Look “This follows another bond market sell-off that again proved contagious for equities, investors digesting hawkish ECB minutes and prepping for further withdrawal of global easy money policy; tapering of ECB QE, unwind of Fed’s balance sheet,” said Mike Van Dulken at Accendo Markets. “Maybe even a UK rate hike.” https://www.digitallook.com/news/market-report-opening/london-open-UK Index -slips-towards-two-month-lows-as-data-eyed–2758854.html…
We look set for a flat UK Index finish this week, however this masks the exciting gains and then declines for Miners and Oil (and gains for housebuilders and financials). Which is great for those who missed out, as it offers another bite at the uptrend cherry next week. Especially with the index still holding…
Macro observations For the first time in what seems like forever, the focus for FX markets this week may move away from UK Politics. In its place, US macroeconomics looks set to take up the mantle during the week of the country’s Independence Day celebrations. The US Dollar Basket, a trade-weighted basket of the greenback against…