One of the biggest intra-day movers on the UK 100 this week was engine maker Rolls-Royce. It’s not the biggest riser or faller today – those “honours” belong to Paddy Power Betfair (+2.4%, rebounding from recent lows) and Evraz (-8.4%, disappointing Q3 production), respectively – but it captured the buzz of the trading floor this afternoon….
They say that a market correction requires a fall of at least 10%. So far, at 6885, the UK Index has fallen 9.1% from September’s 7560 peak. A revisit of 2018 lows of 6840 would take it to 9.6%. Some would say this is enough, especially after a 13% fall from May’s 7900 record ….
Shares in UK Housebuilders have had a tough year, most having fallen by around 20% so far to trade 12- if not 24-month lows. This has been driven by a combination of fears about a UK housing market which is already showing signs of slowing. But it’s not all bad. Culprits for this year’s share…
All of this has happened before. Price action on the UK Index chart over the past 2 weeks might look unprecedented, but history shows that corrections such as these occur regularly and lessons learnt from past bear markets can help us spot tradable opportunities for the future. I don’t even have to dig too far into…
When any shares drop 15% it suggests bad news. And this is very much the case for media giant WPP today. It may not be quite the media giant it once was, but its £13bn market cap remains very respectable. And share price slumps offer opportunities to capitalise on investor fear and panic while shares…
After a painful bruising the UK Index received the previous week, we have mostly seen sideways movement on the benchmark index since Monday. The index has been trading in a fairly tight 6960-7098 range, though London’s blue-chips are off their worst October levels. As the week comes to a close, traders are looking for a…