Despite only being two weeks into the New Year, 2017 is already providing us with some sublime records and further key events that could move financial markets in a big way. In just a week the new US President will be inaugurated, while the all-important full year earnings season moves into full swing. Still to come…
It was another strong week for the UK Index Miners with gains of up to 16% on offer within the highly popular sector, extending already exciting bounces to as much as 340% over the last year and 500% from their troughs. Catalysts included Chinese data supportive of an important transition from manufacturing/export-led to more service/consumption-oriented…
Shareholders in specialist building products supplier SIG (SHI) are breathing a collective sigh of relief this morning after a handsome 10% share price jump. This more than makes up for yesterday’s worrying near-6% pre-trading-update drop and takes the shares to the top of the UK-s more domestic focused . It also reverses a poor start…
Shareholders in struggling defence and aerospace engineer Cobham (COB) are fuming this morning, back in familiar territory at the bottom of the after yet another profits warning. This latest has sent shares back to lows of late October (only marginally higher than June’s lowest in 11yr) when management last disappointed. Worse still, this one has…
A very strong Christmas trading update (best in 7 years) from supermarket Morrison (MRW) has allowed it upgrade profits guidance, helping its shares outperform this morning. This, coupled with a positive sector assessment of the Christmas period by surveyor Neilson, is giving a real boost to peers. Cost conscious shoppers putting it off until the…
Macro observations Never doubt the impact a speech can have. Prime Minister Theresa May’s first interview in 2017 has revived talk of a ‘hard Brexit’ following a conspicuously quiet Christmas and New Year, providing an immediate impact in currency markets. During the morning trading session on Monday Pound Sterling has retraced its November recovery, with Cable to falling…