Who benefits from a Trump trade truce? With this weekend’s G20 meeting of world leaders almost upon us, I thought it would be interesting to consider who would win from a US–China trade truce? In recent weeks we have seen some global equity markets peak and hit (in some cases, across the Atlantic) fresh record highs! …
The UK 100 made fresh 6-week highs this week, extending its June rebound, and looks set to close the week 1.1% higher. Drivers which helped the index higher this week include hopes of more central bank stimulus (ECB, Fed) and higher oil prices (supply restrictions, Middle East geopolitics). That said, the index is also in…
Oil has had quite a week. Brent Crude prices are up more than 8% from Tuesday’s lows of $61/barrel to trade north of $65.5. And there are a handful of reasons why. Firstly, European Central Bank (ECB) President Mario Draghi pretty much reiterated his “whatever it takes” mantra. Investors digested this as implying more monetary stimulus…
The UK 100 has pulled back from its 7420 6-week highs, consolidating its 4.8% bounce from recent 7080 lows. This puts it in a shorter-term falling channel, one which bulls will hope proves a bullish flag that sends it 4.8% higher, to challenge – perhaps even exceed – April’s 7528 peak. Nonetheless, watch for that…
Lately, I’ve watched lots of golf videos. I consider this the internet’s nosy/cheeky/suggestive way of reminding me I’m an average, fair-weather golfer, with Summer approaching and the US Open on the TV this weekend. I like these videos because I don’t play often enough but I’m curious how to improve my game, to ensure I…
The UK 100 is holding this week’s rebound, +2.7% from a revisit of March lows, shifting from a 2-week end-May falling channel into a fresh rising channel to make for a positive start to the new month and quarter. This is in spite of Trade tensions having ratcheted up a notch, President Trump now threatening…