6 Jan Digital Look Mike van Dulken, head of research at Accendo Markets, said: “It’s the first Friday of the month meaning today’s focus will be the afternoon’s US jobs report, not so much for the notorious volatility-inducing non-farm payrolls (beware: yesterday’s ADP surprised to the downside) but for accompanying metrics. “The unemployment rate is seen…
Whilst many stipulated back in November that the dizzying post Trump rally could not reach much further than the 19,000 point barrier (in itself an achievement), few would have thought that 20,000 was a possible target. Yet here we are. And have been for some time now. 19,000 was broken within two weeks of Trump’s…
Shares in Persimmon (PSN) are topping the blue-chip leader board this morning thanks to a strong FY trading update that highlighted revenues +8%, selling volumes and prices both +4% and expansion in gross margin. The well-received update from management has seen bullishness among investors push the shares above their recent highs and 200-day moving average…
This morning’s fourth quarter update from UK retail stalwart Next was never forecast to be impressive. However, the surprising magnitude with which the company missed expectations resulted in Next’s share price falling by as much as 16% shortly after the London market opening this morning, a performance that has continued into this afternoon with the shares…
Macro observations Despite moving into the New Year it remains old themes that are likely to have a strong bearing on currency movements in the first few months of the year of the year. With less than three weeks until Donald Trump’s inauguration as US President (January 20) and Theresa May expected to invoke Article 50, the legislation…
30 Dec Marketwatch Mike van Dulken, head of research at Accendo Markets, said there was “some reticence to take on additional risk on this final session of the year given the strong run that equity markets have had and the myriad political hurdles we face in 2017.” http://www.marketwatch.com/story/european-stock-set-for-first-yearly-slide-since-2011-2016-12-30 29 Dec Bloomberg “Having boosted markets yesterday, oil’s…