10 Feb Nasdaq Friday’s gains “come after a strong day on Wall Street inspired by US tax cut hopes that spilled over to Asia overnight and received a second wind from surprisingly strong Chinese trade data that showed a rebound in exports and acceleration in imports that bolsters belief in transition to more consumption oriented…
Cloud-based security platform Sophos (SOPH) is topping the this morning, its shares +6.9% after a trading statement suggesting strong momentum in Q3 and an upgraded outlook. Revenues +11% were boosted by strong software subscription (billing +16.1%), a very successful first full quarter for next-generation product Intercept X and, perhaps more importantly, operating profit back in the…
Macro observations With last week’s three course helping of major central banks updates now behind us, politics will establish itself as the primary driver of foreign exchange markets throughout the week as macro data gets thrust into the back seat. Barely three weeks into his tenure, US President Donald Trump is facing continued backlash against his controversial…
It was the turn of UK Index giant Reckitt Benckiser (RB) to defy the laws of M&A this week, its shares rising 4% on news of a big acquisition. It’s difficult to know whether M&A optimism or dividend hopes (more so this) really drove Tesco (TSCO) shares 9% higher last week. But the situation with…
As we digested another packed week of earnings, some interesting trends for two key UK 100 sectors began to emerge. The constituents of the blue chip UK 100 index have always been influenced by politics and economics; it would be worrying if they weren’t! But after this particularly busy week, we’ve seen both Housebuilders and Pharmaceuticals…
3 Feb Telegraph Mike van Dulken, of Accendo Markets, said: “Calls for a mildly positive open come after a mixed but muted finish on Wall Street mirrored by contrasting performances in Asia overnight. Investors are making their monthly pilgrimage to the side-lines ahead of a closely scrutinised US jobs report, one which may or may not provide the US…