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…
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…
March may have proved a little more volatile than recent months, however, the UK’s UK 100 is still expected to move into April 1.5% to the good. A very respectable performance given last week we were almost back to breakeven, having sold off from fresh record highs the week prior. This month has thus offered…
This morning sees the UK 100 blue-chips deliver a standard response to Trump trade concerns; losses for risk-asset names like Miners (GLEN, RIO, BHP), Oil (RDS, BP) and Banks (LLOY, HSBC, BARC) easily outweighing gains for the safe haven precious metals miners (FRES, RRS). The index’s test of key support going back not just to…
You may remember a few months ago we wrote about the significant percentage of UK 100 constituents paying dividend yields that made a mockery of high street interest rates. Refresh your memory here if not. On the one hand things haven’t changed much since. On the other, rather a lot has changed. For the good…
On the first trading session since the swearing in of Donald Trump as the President of the United States, the UK’s blue chip index is struggling to gain traction. The immediate negative reaction from foreign exchange markets to Trump’s inauguration speech saw the US Dollar dented as the new leader of the free world struck a…