Events over the past two weeks have rudely awakened financial markets from their Summer lull. The first risk-off move came after threats of a North Korean missile attack on Guam, while the second as President Trump’s business councils were disbanded. However, far from ridding investors of the potential to profit from summer markets, these exciting…
The rather quiet state of affairs over the course of the summer has resulted in a particularly major casualty. However, with the beginning of September less than 14 days away, will the old adage ‘Sell in May and return on St. Ledgers day’ ring true this year and save the sector? From my point of…
Macro observations Last week saw geopolitical tensions between the US and North Korea reach fever pitch as the leaders of both sides stepped up the war of words. However, after a weekend in which both the tweet-happy Trump and unpredictable Kim avoided further warmongering, FX traders have returned to relative calm. As a result, eyes…
Well that’s a shake up ….. The UK Index pays out a whopping 40 points for ex-dividends and then falls another 200 points to finish the week lower as North Korea and Trump flex their muscles over Guam! Major markets around the world has only just have been trading around record highs, but with political…
It’s no surprise to see the likes of Randgold Resources and Fresnillo among the best performers this week, up 5%. Nor to see Rio Tinto and Glencore down 5%. Not when two of the world’s more unpredictable leaders are trading insults and nuclear threats. However, this wasn’t the only story in town this week. There was…
Shares in Paddy Power Betfair are down 5% this morning as investors react to CEO Breon Corcoran stepping down after sixteen years with the group, the last seven of which in the C-Suite. Traders are both shocked and unsure. Shock stems from losing an important figure and business driver, especially with last year’s merger. Uncertainty…