Macro observations It was a win for Emmanuel Macron, plus some well-deserved redemption for political pollsters, as the market-preferred centrist candidate took the French Presidency decisively. However, despite defeating the staunchly anti-EU Marine Le Pen – who famously had threatened to remove France from the area’s single currency – by 65% to 35%, FX markets have…
It’s been a tough week within the commodity space. Unless you were already short of oil and precious metals, hoping for an extension of mid-April downtrends. Or managed to call the bottom and profit from oil’s 5% rebound. Or called a swift bearish reversal in copper and iron ore that dragged peer metals and their…
This weekend sees the culmination of the most important election of 2017 so far, with France, one of the EU’s remaining ‘big two’ economies, electing its new president. But the election won’t just be felt in France; Sunday’s vote has global implications, for equities, indices and foreign exchange markets alike. What could the repercussions of…
5 May CityWire ‘For loyal investors it’s a case of small mercies, after 2017 guidance was cut and 2018’s withdrawn so abruptly in January,’ said Mike van Dulken, head of research at Accendo Markets. http://citywire.co.uk/money/train-gains-as-pearson-soars-mands-lands-ex-asda-boss/a1013595 4 May Proactive Investors Mike van Dulken, head of research at Accendo Markets, commented: “Even Jan’s equivalent of a corporate…
Pearson (PSON) may have finally turned a page, its share price looking the perkiest in a long time; +11%. This comes courtesy of a reassuring and long overdue trading update comprising 6% underlying Q1 sales growth, in line with guidance. Coupled with a review of its US K12 business, and plans for another £300m in…
Next (NXT) shares are bottom of the UK 100 this morning after disappointing Q1 sales forced management to cut only recently issued FY guidance for revenues and profits. Today’s share price drop of 6.6% is the worst since January’s -14.4% reaction to a profits warning and very gloomy outlook. Thereafter you have to go back…