Many people are touting Article 50 to be the big market mover next week. They might just be wrong. On Monday morning, we’ll have the market reaction to the first major legislative vote for the young Trump administration in the US. You may be forgiven for thinking that an event all the way across the Atlantic might not have…
24 Mar Reuters “This is the first real hurdle (Trump) faces, and any resistance could suggest that (he) would face similar resistance to other policies down the road,” Mike van Dulken, head of research at Accendo Markets, said. “The current rally has gone so far on promises, the markets are starting to ask for a lot…
Kingfisher (KGF) shares have dived underwater to the tune of 3.5%, but failed to resurface in the wake of a busy set of FY 2016 results. Underlying pre-tax profits +14.7% on sales +8.7% suggests nice margin expansion, even if flattered by a Brexit-weakened GBP. A dividend +3.3% is also good news. And although the Chairman…
Macro observations After the twists and turns of last week’s central bank updates, a relatively light week for macroeconomic data thrusts the spotlight onto speakers on both sides of the Atlantic to provide foreign exchange markets with direction, while the build up to the official triggering of Article 50 begins in earnest. The single most…
As I wrote in yesterday’s blog, the March 2017 meeting of the Federal Reserve could prove to be an odd affair. Indeed, it turned out to be so. The central bank raised interest rates by 25 basis points from 0.75% to 1%, in its second rate hike in 4 months and its third since the…
17 Mar DigitalLook Accendo Markets research analyst Henry Croft said the safe-haven yellow metal was “struggling to overcome $1,231” as it looked to continue its Fed-inspired rally to fresh March highs. http://www.digitallook.com/news/commodities/commodities-metals-crude-trade-sideways-with-gold-facing-resistance-around-1231oz–2580186.html 16 Mar Business Insider The UK Index ‘s rally comes “thanks to investors ignoring the Fed’s rate hike to concentrate on an unchanged…