Macro observations After the exciting (if not concerning) week that was, foreign exchange markets have begun the new week on a much calmer note. However, with underlying drivers remaining in place, we await the next spark to ignite the political flames. In US politics, President Trump’s tour of the Middle East has helped to allay…
26 May Telegraph Mike van Dulken, head of research at Accendo Markets, said the trading update would “put investors at ease regarding full year profits, management being able to reiterate guidance despite 2017 being a transitional year requiring investment and with a new chief at the helm”. http://www.telegraph.co.uk/business/2017/05/26/sales-slip-restaurant-group-amid-turnaround-plan/ 25 May Armchair trader Accendo Markets Analyst,…
Investors long of oil breathed a collective sigh of relief this week as prices extended their rebound from 9% to 14%, having fallen 18% from mid-April to early May (fresh 6-month lows). With US crude back at $50/barrel and Brent Crude at $53.5, we spy positive technical trading signals that bode well ahead of what…
In a week that threw up just about as many twists and turns as you can shake a stick at, there was one shining light that many investors took stock of. In a break from the political circus of the general election, the UK government announced that Lloyds has finally returned to full privatisation, putting to…
19 May Digitallook “Equity indices are holding their rebound gains, albeit treading water since the European open, as investors weigh up recent market moves. Whilst not electing to take on more risk before the weekend, nor are they taking any more off the table. A positive statement in many ways, given the political headwinds in…
Textile, hygiene and safety solutions group Berendsen (BRSN) is today’s winner, +25% on news of a revised offer from French workwear rental and laundry service Elis (ELIS) aimed at creating a stronger Pan-Euro leader in textile and facility services. The BRSN share price reaction is typical for a takeover offer, however, the 36-40% deal premium…