FedEx stocks are in the spotlight with the US-listed delivery company first to take advantage of the ECB’s recent QE expansion, having just announced plans to market Euro-denominated bonds – jumping on the lowest borrowing costs in almost a year for overseas issuers. FedEx (FDX) is said to be eyeing the issuance in order to…
Shares in in payments processing giant Worldpay (WPG) are topping the UK 100 this morning, benefiting from a revival of interest into April/Q2. This follows a tough March during which investors sent shares back near to February lows. While FY 2015 results were on all accounts decent (revenues +14%, profits +34%, free cash flow positive) markets…
Macro observations Pressure seen ramping up on Sterling in the coming weeks as the latest Brexit poll puts ‘Leave’camp in the lead. The Pound fared badly out of last week. Nonetheless, UK economic data has got better relative to expectations YTD, which puts Monday’s PMI Construction and indeed Tuesday’s Services PMI in focus for their potential to register…
Non-farm Payrolls? Non-event payrolls more like. We already have all the information we need to make predictions about US monetary policy. Janet Yellen already yelled something along the lines of this at her hawkish upstarts last week: “While any future rate hikes remain data dependent, what’s going on in the rest of the world is…
I couldn’t believe what I was hearing when one investor told me the financial markets were doing nothing at the moment. My response was to ask him what his ideal stock market looks like and suggested a few options: Stocks that appreciate by 60% year to date by the end of Q1? Stocks trading within 2% of multi-year lows?…
It may have been one of the toughest (and exciting) starts to the year for financial markets in a long time, however, those brave enough to call a bottom on certain stocks in Jan and Feb will have done very nicely indeed. In fact, as we write the UK Index index is sitting only 2% from…