The /This week’s UK 100 winners and loser range from losses of almost 5% to gains of more than 15%. First up is Flutter Entertainment (previously known as Paddy Power Betfair) which went crackers on Wednesday amid what is assumed as speculation of an approach to buy the company. The company has denied it, but the shares are holding…
Finally, we have seen some consistent and continued positive momentum across global indices this week. With Record highs being struck stateside on the Dow Jones, The S&P 500 and the Nasdaq and fresh multi month (10 month highs) on both the UK 100 and the German Dax. This, however, raises one crucial question? Is now…
Fresh appetite for risk helped the UK 100 breakout to the upside this week, testing 7600. Its exit from late June’s consolidation pattern, to hit fresh 10-month highs, extended the June uptrend. This increases the chances that it can push on towards last year’s 7903 record highs of late May. Investors remain hopeful about cheap…
The UK 100 remains in consolidation mode, in a sideways narrowing pattern, digesting the 5% early June rally from 7080. This implies investors in wait-and-see mode. Rather than take a position now, taking on additional risk, they are waiting for a breakout or a breakdown, for confirmation before picking a direction. While traders are optimistic…
Who benefits from a Trump trade truce? With this weekend’s G20 meeting of world leaders almost upon us, I thought it would be interesting to consider who would win from a US–China trade truce? In recent weeks we have seen some global equity markets peak and hit (in some cases, across the Atlantic) fresh record highs! …
The UK 100 made fresh 6-week highs this week, extending its June rebound, and looks set to close the week 1.1% higher. Drivers which helped the index higher this week include hopes of more central bank stimulus (ECB, Fed) and higher oil prices (supply restrictions, Middle East geopolitics). That said, the index is also in…