Macro observations The USD is still in consolidation mode, with a break above its 100-day moving average encouraging for bulls, who’ll be jumping on Janet Yellen’s comments that indicated a ‘summer’ US rate hike might be on the cards. As usual, this remains data dependent with the afternoon of 31 May likely to provide several key inputs, most notably the…
What a week for the UK’s UK 100 , and indeed many of the major global indices. But what was the catalyst for broad based rally we’ve seen? To start off, we’re again looking at two of perhaps the most familiar market drivers, which is great for you – here have been no black swans…
Some suggest the UK Index has found a ceiling in 6280 and can’t rally any further. However, while we might currently be lacking the bullish power required to break us higher, we have rallied very sharply of late and are entitled to a pause. To flip the ‘ceiling’ argument on its head there is enough…
For the purposes of giving you what you want, I need to tell you right now what this post is about. It’s about Danish utilities company Dong Energy. It’s set to be the world’s biggest stock market listing thus far in what has been a light (to say the least) year for IPOs. I laughed a few months ago when…
Energy and Mining stocks are topping the UK Index this morning with gains of 2-3% after Brent Crude Oil broke back above the symbolic $50/barrel 6-month highs overnight and an easing in US Dollar strength benefits the greenback-denominated raw materials space as a whole. Sceptics will point to the breakout by oil – inspired by…
It’s not going to happen, but the markets are still fannying around with it. Do you want to be thousands of pounds poorer? Of course not – even if you’ve been a good saver since your early teens and actually have a thousand pounds to rub together, you don’t want it to evaporate on 23…