Miners are topping the UK 100 this morning (up 2 to 7%) as the commodities space benefits from a weaker US dollar basket, back below the key 95 level for first time in a fortnight. The currency’s reversal of recent strength comes in response to Friday’s surprisingly weak May US jobs report that must be…
This post will begin with something you’ve heard a million times before: The year to date has seen impressive price moves in commodities and mining stocks. Fantastic! Ok, now we’ll digress onto something a little more original. The moves in commodities such as Gold, Iron Ore and Copper have been tracked at the very least by…
This week’s latest Brexit poll swinging towards ‘Leave’ was a shock for the UK 100 , with increased geopolitical risk that the UK leaves the EU. We still believe ‘Remain’ will prevail, and the bookies’ agree, but such a shift in just two weeks suggests you can no longer afford to be complacent. The latest…
It’s that time of the month again – all members of the investment community will be glued to whatever information window they use for tomorrow’s US jobs report. No doubt most will also have some sort of office sweepstake or other such fun and games organised around it. What’s your #NFPguess?! But at the end of…
3 Jun Citywire “With crude futures initially tanking after Opec said (surprise, surprise) it had not agreed on anything to do with oil supply (but why should it have?), they were able to recover back towards the $50 level on another drawdown in US inventories, said Augustin Eden at Accendo Markets.” Digital Look “In focus today…
Wolseley shares have sprung a nasty leak this morning, plumbing 6-week lows to test the 200-day moving average. This comes as investors react to Q3 results which have failed to inspire after management divulged organic revenue growth having slowed markedly since the end of the reported quarter and pre-announced restructuring costs needing to be 33% higher…