What to watch The Walt Disney Co: Theme park and entertainment giant Disney has been one firm buoyed by Pfizer’s 90% effective vaccine trial results, which potentially open up a route to a return to normal operations. The firm has faced disruptions both to its parks and to its movie/television production and distribution efforts. Over…
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EUROPEAN SHARES The stock market showed signs of slowing down in Europe on Thursday, despite a bullish correction in Chinese tech shares overnight, as the initial enthusiasm over a vaccine starts to wane. The worsening virus situation in many hotspots is weighing on market sentiment as it sparks fears of tougher containment measures that could…
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What to watch Air Products and Chemicals: Gas and chemicals company Air Products & Chemicals has added 31.9% to its share price in 2020 so far, as the necessity of its products has offered it protection against the Covid-19 pandemic. This week, the firm said that it plans to launch a new liquid hydrogen production…
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OIL The good times for oil are continuing with risk on is still dominating. There is widespread optimism on markets even if in early trading today we have seen some investors taking profit after the large gains of the last few days. Investors are now seeing Covid-19 matter as something that won’t affect global oil…
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What to watch Tencent Music Entertainment Group: TME is a joint venture between Chinese tech firm Tencent and Spotify to develop music streaming for the Chinese market, where its apps have more than 100 million paying subscribers. The firm, which has a US listing, has gained 28.8% in 2020 so far, behind the 63% and…
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GOLD The gold price was hit yesterday by news of the almost imminent release of a Covid-19 vaccine. Investors are now betting on a shorter crisis than previously expected with the coronavirus curse seemingly over within 12 months but is there too much optimism? Markets reacted with significant rallies in all sectors, while bullion sharply…
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What to watch McDonald’s: Fast food giant McDonald’s has done relatively well out of 2020, with its share price up by close to 10%, as while the pandemic has hurt the firm in some areas (such as breakfast demand and general foot traffic), it has done well out of food delivery and its drive-through locations.…
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What to watch US jobs report: Although it will likely be overshadowed by the continuing presidential election saga, the US’ monthly jobs report will be reported today. Investors be will watching for signs that the US economic recovery is slowing, with 593,000 non-farm payrolls expected to have been added in October versus 661,000 in September.…
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EUROPEAN SHARES European benchmarks consolidated on Friday following a mixed opening, while a similar trend has been registered by Asian stocks. Market participants chose to temper their investments for the last trading session of the week, following four days of solid rally. Votes are still being counted in some of the key US swing states…
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What to watch Uber: Ride sharing and food delivery firm Uber has gained 37.8% year-to-date. While rides dropped off sharply due to the pandemic, the firm has benefited from huge demand for takeaway food delivery. Yesterday, the company’s share price jumped 14.6% after voters decided to exempt it and rival Lyft from a state labor…
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