It was another roller-coaster week for Europe’s markets last week, reversing all of the gains seen in the previous week and finishing on the lows on news out of the US that President Trump’s ex national security adviser Michael Flynn had pleaded guilty to lying to the FBI. It...
Tim Steiner has finally delivered the major international tie-up long promised to Ocado investors. This is a transformative deal for Ocado as not only will it expose the firm to a large chunk of the French market, it could also be the launch pad for many more international partnerships....
The DAX index has posted strong gains in the Wednesday session. Currently, the DAX is at 13,190.00, up 1.00% on the day. On the release front, Germany releases Preliminary CPI, which is expected to accelerate to 0.3%. In the US, Preliminary GDP is expected to post a strong gain of...
The FTSE 100 is underperforming its Continental counterparts as commodity stocks like Royal Dutch Shell and Rio Tinto are in the red.Another decline in copper has put pressure on the mining sector, and Royal Dutch Shell had a stellar session yesterday, and now we are seeing some profit taking.Cineworld shares sold-off severely...
Normal service was resumed for US markets yesterday after the pause of recent days as we saw more record highs with the Dow, S&P500, Nasdaq and Russell 2000 all closing at record levels. With Black Friday and Cyber Monday approaching investors appear to be loading up on tech and...
European markets managed to shrug off yesterday’s poor start, as well as the prospect that barring a sudden change of mind, Germany could be heading towards new elections sometime next year, after the unexpected breakdown in coalition talks. It would appear that for now the buy dip mentality remains alive...
It’s been a widely accepted truth over the past few years that “buying the dip” has been the successful strategy of choice and even now having seen two successive weeks of declines for global stock markets there are those who firmly think that this successful strategy will once again...
The DAX index is slightly lower in the Friday session. Currently, the DAX is at 13,018.00, down 0.22% on the day. On the release front, Eurozone Current Account jumped to EUR 37.8 billion, crushing the estimate of EUR 30.2 billion.The DAX steadied on Thursday, ending a nasty streak of six...
More of the same from Royal Mail (RMG) with good growth in parcels and GLS while letters are in freefall decline: yet more evidence of the structural problems it faces as it heads into the key Christmas trading period. Whilst letters weigh, parcels look solid, GLS is strong and...
A fall in commodity stocks and continued profit taking sent European shares to an eight-week low on Wednesday, but Airbus rallied after winning a big jets order.A slide in crude oil prices on worries over the outlook for demand and weaker metal prices weighed on mining and energy stocks...
Talking PointsJapanese GDP growth approves BOJ's policies Oil Traders await inventory data UK wage number needs to keep up with inflation US inflation data may have only one outcomeThe Japanese economy has continued to show its sign of strength for the consecutive seven quarters. The GDP data released...
Bovis Homes turnaround on courseGreg Fitzgerald’s turnaround strategy for Bovis Homes Group (BVS) appears on track after an upbeat trading statement that confirms profits this year are in line with expectations and promises a ‘significant improvement’ to profits next year.After seeing off a couple of opportunistic bid attempts earlier...
Last week equity markets sold-off after a sudden plunge in the Nikkei 225 on Thursday prompted traders around the world to take profits.The global political and economic outlook has been steady lately, so when traders witnessed the quick collapse of the Japanese market, they made rushed for the exit. Dealers enjoyed riding...
Global equities took a tumble yesterday, and it originated in Japan.The sell-off that started in Asia 24 hour hours ago sent shockwaves around the world. European equity markets endured a severe sell-off, while the US markets finished lower too – they didn’t lose of much ground. The major rally...
Associated British Foods on Tuesday reported a 20 percent rise in full-year earnings, helped by strong revenue growth at its Primark fashion business and a major recovery in sugar profits. The group, which also has grocery, agriculture and ingredients businesses, forecast further progress in its new financial year. AB Foods said...
European equity markets are marginally higher today are the bullish sentiment is still lingering.Mario Draghi, the President of the European Central Bank (ECB) gave a speech in Frankfurt about banking supervision, but the equity markets were unfazed by his comments.Imperial Brands posted an 8.2% rise in annual revenue and that...
Another round of Brexit talks, central bank policy decisions and more earnings releases.Brexit talksThe next round of negotiations begins on Thursday with two days of talks between the UK and EU expected to yield more progress than previous meetings. That is because the UK’s chief negotiator and Brexit secretary,...
The Caixin survey of Chinese services in October came in at 51.2, and that compared with 50.6 in September. The Beijing authorities are trying to shift the focus of the economy towards the services sector, and it is clearly working.The FTSE 100 hit a three week high yesterday on the back of the...
‘Off the charts’ – that’s how Apple has described pre-orders for its tenth anniversary phone the iPhone X. But will there be enough else in the Q4 earnings update to keep the share price at record highs?Apple (AAPL) is due to report fiscal fourth quarter earnings after the close on...
World stocks headed for a record twelfth month of gains on Tuesday, as a 5 1/2-month high in European stocks and records elsewhere underscored one of the most robust bull markets on record. Europe’s latest rally came as figures from the once-fragile euro zone showed its growth now running at...
More passengers, lower fares and on course for another record profit - investors might be wondering what all the fuss was about in the wake of September’s cancellation fiasco.A strong Easter meant traffic grew 11% to 72m for the first half despite the cancellations in September. Profits also grew...
The turnaround in BP’s fortunes since 2010 has been a very long road and CEO Bob Dudley has managed to navigate this tricky road with significant assuredness, so the news that the shares have hit three year highs this morning is good news with the Deepwater Horizon tragedy firmly in the...
European equity markets are broadly higher this morning as the bullish sentiment still lingers after the European Central Bank’s (ECB) update yesterday.The central bank outlined plans to extend the time frame, and reduce the size of the bond buying scheme, but it also left the door open to additional...
Investors lose patience in BarclaysInvestors have become impatient with Barclays and its chief, Jes Staley, and today it looks like some have lost patience completely. This was a first quarter not in flux but it wasn’t the best overall. Nevertheless once the bank can focus on doing the basics...
European stocks dipped and bond yields drifted higher on Tuesday, as data from the euro zone’s top economies bolstered the case for the European Central Bank to signal a sizeable cut this week to its stimulus measures. The latest round of global activity surveys showed German businesses enjoying their strongest...
Equity markets in Europe are a mixed bag this morning, and the one common theme is low volatility.Even the IBEX 35 has hardly moved, which gives you an idea of how quiet thing are today. The FTSE 100has been drifting lower over the past few sessions, and we may see it retest...
European equity markets are broadly quiet this morning as volatility remains low.The stalemate between Madrid and Catalonia still continues, and this is keeping the pressure on Spanish stocks. Madrid are moving to strip Catalonia of their autonomous powers and impose direct rule, and even though we haven’t had a major...
Don’t buy Your Dow 23,000 Souvenir Hats Yet The Dow Jones briefly tipped over the 23,000 mark, the first time this has every happened since the founding of the index. Although the Dow closed slightly below the historic high, it did continue its sequence of 50 record closing. Even though...
Dunelm positive despite ‘challenging market’Under promising and over-delivering is a good approach for boards and investor relations departments, but are retailers overdoing ‘post-Brexit tough market conditions’ worries? It’s become almost a reflex, with mention in virtually every company update this year. UK retail sales numbers continue to show resilience...
Asian shares rose on Tuesday, shrugging off modest losses on Wall Street, while expectations of another U.S. interest rate increase this year continued to underpin the dollar. Futures suggested a more subdued start to the European trading day, with the Eurostoxx 50 and Germany’s Dax futures both down 0.1 percent....