Copper proxy Glencore (GLEN) is top of the UK 100 pile this morning thanks to the bottoming out and rebound from $4600/tonne over of the last month, seeing the price of the red metal challenge September’s highs just shy of $4,700 and a bugbear 2-month trend of falling highs. The latest leg up maintains the…
Henry Croft, Research Analyst at Accendo Markets, commented this morning (12/9/16): Associated British Foods (ABF) shares are the worst performer on the UK Index this morning (-5%), despite what on the surface looks like a positive trading update. Investors will like the sound of 2016 operating profit and EPS expected up on last year as…
If June 23rd was a surprise for you, it is more than likely that the shocks to stock markets that followed on the 24th could have been even more so. However, fast forward two months and markets have not only posted a better-than-expected recovery from the lows of late June, but many UK Index companies…
Last week I wrote about how bad economic data could sometimes actually be good for financial markets, sending share prices higher, even if it does depend on how optimistic investors are feeling at any given moment. Last week’s mixed US data meant investors welcomed the prospect of delay to any forthcoming US rate rise. Increased…
9 Sept Telegraph Mike van Dulken, of Accendo Markets, said: “A negative open comes as markets continue to digest disappointment that ECB President Draghi didn’t offer more. This likely stems from a combination of his hands being tied for now (things not markedly worse, but not better either) and wanting to see what peers do (BoE, BoJ, Fed) over the next couple of…
The UK Index ’s Miners are holding the UK flagship index back from a more meaningful test of 6900 support this morning. This is thanks to a weaker USD (expectations of further US rate rise delay), some positive Services data from China and India overnight and hopes that the G20 meeting in China serves to…