Macro observations With last week’s three course helping of major central banks updates now behind us, politics will establish itself as the primary driver of foreign exchange markets throughout the week as macro data gets thrust into the back seat. Barely three weeks into his tenure, US President Donald Trump is facing continued backlash against his controversial…
It was the turn of UK Index giant Reckitt Benckiser (RB) to defy the laws of M&A this week, its shares rising 4% on news of a big acquisition. It’s difficult to know whether M&A optimism or dividend hopes (more so this) really drove Tesco (TSCO) shares 9% higher last week. But the situation with…
As we digested another packed week of earnings, some interesting trends for two key UK 100 sectors began to emerge. The constituents of the blue chip UK 100 index have always been influenced by politics and economics; it would be worrying if they weren’t! But after this particularly busy week, we’ve seen both Housebuilders and Pharmaceuticals…
3 Feb Telegraph Mike van Dulken, of Accendo Markets, said: “Calls for a mildly positive open come after a mixed but muted finish on Wall Street mirrored by contrasting performances in Asia overnight. Investors are making their monthly pilgrimage to the side-lines ahead of a closely scrutinised US jobs report, one which may or may not provide the US…
Reckitt Benckiser (RB) makes it a brace of companies whose share prices have defied traditional M&A reaction recently, rising on news of spending big to acquire. While prey will almost always rise thanks to a premium being offered to cede control, for the predator to jump is not so normal. To do so implies acquisition…
Tonight sees the first 2017 meeting of the US Central Bank, the Federal Reserve, at 7pm. Last time around, the Open Market Committee (FOMC) agreed to hike rates for only the second time since the 2008 financial crisis. Now, with Donald Trump sitting in the Oval Office as the 45th President of the US, might…