While political events may have stolen the headlines this week, first quarter earnings season has moved up a gear in earnest, with a plethora of corporate results on both sides of the pond adding into the melting pot. However, we ain’t seen nothing yet. Things really get spicy next week as we have four of the UK’s…
Oil’s disproportionate influence on the UK’s flagship UK 100 , coupled with some fresh and unwelcome GBP strength overnight (bullish flag?), is holding the index back from a breakout and potential reversal from 2017 lows. This after oil prices plunged back close to April lows yesterday. The drop derives from official US Oil inventory data…
A snap UK general election was a surprise. The big question now is why, and why now? To make the most of Labour disarray and seal an even bigger parliamentary majority. For sure. However there are risks attached, and other likely reasons too; With many seeing the election as a Brexit proxy vote, bitter remainers…
Macro observations After a long Easter weekend, European markets have returned to an announcement from UK Prime Minister Theresa May that she is calling a snap UK general election for 8 June. This has come as a surprise for many political commentators, given that an election was not scheduled to take place until 2020 at the latest,…
Heightened geopolitical risk following overnight US military intervention in Syria offers a timely reminder about trading and investing. It also provides us with a welcome positive takeaway that markets would appear to be overlooking into the weekend. One that could ultimately help reignite the Trump trade to record highs. Last night’s market reaction reminds us…
I’m sure you were just as surprised as me to wake up to news that the US had launched a series of overnight airstrikes targeting an airfield in Syria. Perhaps even more surprising, however, was the muted market reaction. Far from selling off significantly in response to heightened political tensions, global indices took only a minor…