As the adage goes, an Apple a day keeps the doctor at bay. But this doesn’t apply to £650 iPhones. And with good reason – they cost £650. If apples cost £650, you wouldn’t buy them all that often either. Heck, if Apple shares cost £650…. It’s an oft made observation that share prices will…
Anglo American shares have resumed their envious 3-month uptrend (+230% from Jan lows) with investors clearly subscribing to the view that smaller and less-diversified is now better in this new world of lower commodity prices. The $1.5bn sale of one of its largest Brazilian businesses (niobium and phosphates, to China Molybdenum) kicks off and takes it…
Barclays shares have broken above March and April highs with potential to challenge the downtrend from last August as markets react favourably to Q1 results. This comes on the back of yesterday’s very bullish response to an update from emerging-markets focused peer Standard Chartered (STAN) which saw its stock put on over 10%. It also follows…
Markets like the look of BP (BP/) results today with the shares gapping up to move even further away from the key 200-day moving average and maintain their recovery uptrend from Feb lows. The jump comes after news that Q1 underlying performance (excluding a host of one-offs and extraordinary charges) was much better than city expectations….
It’s not the premium end of the market, granted, but a brief perusal of a BHS (short for ‘British Home Stores,’ for all you youngsters out there) is likely to be just that. Brief. I’m no fashion expert but there’s only one word to describe BHS style, and that’s vanilla. If only it sold ice cream….
Macro observations It’s central bank week! This wednesday we’ve got the BoJ meeting with selling pressure likely on the Yen in the run up. Traders will be extectant of further QE. This could therefore be set to strengthen the USD. US Fed speculation is now more puzzlement. No rate hike is expected to come out of the Fed…