Since September, OPEC has been frantically trying to organise its first production cut deal since the financial crisis in order to combat the continuing crude oil downturn in a hope that the embattled industry can once more regain its economic prowess. Saudi Arabia, under the influence of Prince Mohammed bin Salmam al-Saud, has been a…
Macro observations Monetary policy is once again back in the driving seat for FX markets as we await updates from the US Federal Reserve and the Bank of England whilst continuing to digest last week’s European Central Bank’s “tapering-but-not-tapering” announcement. The headline event will take place across the Atlantic on Wednesday as the Federal Reserve’s Open…
This week’s UK Index winners are those investor favourites; the Banks and Miners. This comes thanks to US markets extending their Trump inspired rally to fresh record highs and the European Central Bank (ECB) saying that extraordinary stimulus measures are here to stay for another year at least. Probably two or three. Markets were already…
Unless you’ve been living under a rock, or perhaps cut yourself off from the world since Donald Trump’s election, you’ll be well aware that financial markets globally have been undertaking an almighty rally, nowhere more so than Trump’s United States. Wall Street has closed at all-time record highs for four simultaneous days already this week and…
8 Dec Financial Times Mike van Dulken, head of research at Accendo Markets, said the profits warning was “an unwelcome early Christmas present”. “Shrinking the group may well lead to long-term improvements in profitability, but it also means more restructuring and more exceptional costs in the quarters to come. Further government-inspired Brexit uncertainty and clients shying…
Shareholders in support services group Capita (CPI) have been left holding the UK Index wooden spoon this morning after its 2016 pre-close trading update included an unwelcome early Christmas present; another full-year profits warning. The company said last month that a Brexit inspired slowdown meant it needed to simplify the group to ensure organic growth…