The UK 100 index is only just above a fresh 2yr low. Any chance of a December Santa Rally has pretty much been and gone (never say never, but next week would have to be something special). However the index is also showing welcome signs that it may be closer to bottoming out after a tough…
It’s the most wonderful time of the year. Christmas tinsel glitters, eggnog is overflowing, and financial managers are checking their annual portfolio returns. Which UK Index stocks got shiny presents from Santa this year? Who ended up with coal in their stocking? 2018 has been a turbulent year for London’s blue-chips. The UK 100 set…
The traditional equity market Santa Rally has failed to materialise. October’s UK 100 correction has embarked on a second leg lower. August’s downtrend is intact after the index’s failure to better May’s record high. We’re only just off fresh 2yr lows. The UK 100 is -12.7% year-to date. Owch. Market fears about a global trade…
My colleagues and I been discussing the UK Index reshuffle several times over the last couple of weeks, looking at potential outcomes of the latest quarterly changes to London’s blue-chip index. The dust seemingly settled on 4 Dec when the insurer Hiscox and engineering company Spirax-Sarco were promoted. At the same time, beleaguered postal service…
The UK’s UK 100 blue-chip index has bounced off 6800 to keep alive its uptrend from last week’s fresh 2yr low. A break above 6900 could put it in a rising channel towards 7000. While trade concerns may have eased, Brexit uncertainty has risen. An unhelpful combo as we head into the season’s festivities. While…
Earlier today I looked at UK Index companies reporting results or trading updates next week. Pickings are understandably thin as the festive season ramps up. Even quieter the following Christmas week. So I had to look into January, when we traditionally get updates from the well-known retail names about their key Christmas periods. I had planned…