2 Sept Reuters “The fact that things have gone up a little bit this morning is probably a signal that investors are hoping that we won’t get a rate hike in September and they’ll have a bit longer to enjoy lots of cheap money,” Augustin Eden, research analyst at Accendo Markets, said in a note. Healthcare…
The UK UK Index housebuilders sector is showing surprise weakness this morning (flat to down 12%) and this may be why. Recent data on the state of the housing market suggests things aren’t half as bad as they could have been following the UK’s Brexit vote end-June. Wednesday saw UK Consumer confidence data improve, and…
It’s the UK Index Miners that are finding it hardest to get back to work after the long weekend, giving up 2-4% in a flat market. Holding back the sector are two drivers. The first is technicals after major breakdowns in the prices of key raw materials iron and copper, both barometers of global growth….
Everyone wants to be the person who predicts the next financial crash. I see this every day. One day, of course, a bunch of people will be correct – call heads enough times and, eventually, heads it’ll be. The thing is, at the moment things are very much ‘Tails’ and it’s hard to envisage anything…
John F Kennedy was paraphrasing a Chinese proverb when he said “There is a great deal of noise on the stairs but nobody comes into the room.” His point was that it is easy to talk about problems but rather more difficult to fix them. This applies to many parts of the financial markets following…
26 Aug Telegraph Mike van Dulken, of Accendo Markets, said: “A rather subdued opening call is nothing out of the ordinary given the event risk attached to Fed Chair Janet Yellen speaking in Jackson Hole this afternoon. This because she may (only Dixons offers guarantees) deliver a cryptic hint or two about the timing of the next US rate hike. Which…