The UK 100 is ebullient, ending the trading week 0.9% higher after a strong 2-day rally that took the blue-chip index +2.7% from this week’s 6796 lows. Moreover, this has taken the index’s YTD gains to +3.7%. Much of the advance can be chalked up to a weak Pound Sterling, which fell on weak UK…
The UK Index rally from December 27th 2.5yr lows of 6538 has extended to 425pts or 6.5%. The index of UK-listed Blue-chips is up almost 250pts, or 3.4%, so far in 2019. Depending where you draw your trend-line, a breakout could be on the cards. We could soon be trading a 7000 handle again. We haven’t…
“I’m waiting for the Big One!” You wouldn’t believe how often I hear this from UK Index investors. Whether it’s Brexit, US-China trade war or Bitcoin, many traders keep waiting for the markets to rally or correct on the back of some major financial or geopolitical event. What I see are all those successful trading…
The UK 100 looks set to close the week on the back foot, labouring under GBP strength. This came courtesy of timely speculation of a Brexit delay ahead of Tueday’s meaningful Brexit vote in Parliament. The index will, nonetheless, book a 1% gain, extending late December’s bounce from 2.5-year lows. This was inspired by after…
The UK 100 index is ending the inaugural week of 2019 on a positive note, +1.5% for the week. This comes courtesy of a late Friday rally on the back of a better than expected December US jobs report and China delivering welcome stimulus in the wake of disappointing macro data. What lies ahead? Bulls are…
The UK 100 had a tough Q4, falling 8.5% from October highs. Santa’s traditional December rally was conspicuously absent and Christmas trading was rather more volatile than usual. It’s been a rocky start to the new year too, with Global markets stuttering on bad news from China. Apple warned on China growth, China Manufacturing data disappointed,…