GOLD Gold has been hit by the strength of the greenback in the last 48 hours. The bullion price retraced from the resistance zone at $2,000 to once again near the support zone at $1,920. Moreover, the general "risk on" scenario seen on markets, with another rally on stocks, pushed investors to bet on more risky…
Read more
What to watch Broadcom: Semiconductor and infrastructure software firm Broadcom has seen its share price jump 18.7% year-to-date, including a 4% rally on Wednesday, the day before its latest quarterly earnings report. The near $150bn market cap firm has found some of its services and products, which are used to help build and maintain IT…
Read more
GOLD The US dollar is recovering and consequently gold is losing ground. Bullion’s decline is proportional to the recovery of the greenback, confirming that the current movement is mostly related to what is happening on the currency markets. In other words, the main trend for gold remains positive and a clear surpass of $1,990 and…
Read more
What to watch Crowdstrike: Cyber-security firms have been one of the major beneficiaries of the pandemic as businesses’ security needs have shifted dramatically with most employees working from home. US company Crowdstrike, whose website bears the slogan “we stop breaches”, has ridden that wave to a 188% share price gain in 2020 so far. The…
Read more
GOLD The Fed’s decisions and the new inflation target opened space for a new rally for gold. After rebounding on the previous resistance level (and now support zone) at $1,920, bullion skyrocketed again to $1,990 as the greenback continues to weaken. Despite US indices continuing to rally, investors feel the need to increase the proportion of…
Read more
Double digit gainers in FTSE 100 despite loss for week UK markets were closed for the bank holiday on Monday. The FTSE 100 fell marginally last week, while the FTSE 250 added 1.2%, although there were two FTSE 100 stocks that posted double digit gains for the week. Industrial software firm Aveva added 19.5% driven…
Read more
WPP jumps after reinstating dividend The FTSE 100 fell 0.8% on Thursday, with gains from companies including advertising firm WPP and British Airways parent IAG failing to outweigh losses from firms such as housebuilder Persimmon, chemicals firm Johnson Matthey and miner Anglo American. WPP stock jumped 6.6% as despite delivering a multi-billion pound loss, the…
Read more
Doorstep lender Provident surges on hopes for unemployment business boost The FTSE 100 was flat on Wednesday, while the FTSE 250 gained 2%. Provident Financial was by and away the biggest winner in the FTSE 250, adding almost 20%, as the firm hopes to capitalise on surging unemployment to generate new business, per The Telegraph.…
Read more
UK tech firm Aveva makes $5bn play for US rival The FTSE 100 fell by 1.1% on Tuesday, although no stock fell by more than 3.4%. Housebuilders, miners and oil giants were all in the red, with Anglo American down 3.3%, Taylor Wimpey down 3.1% and Royal Dutch Shell down 3%. At the top of…
Read more
House of Fraser sets landlord ultimatum Thursday was a gloomy day for UK stocks, with the FTSE 100 sinking by 1.6% and the FTSE 250 off 0.5%. Asset managers were some of the names dragging the FTSE 100 lower, with Standard Life Aberdeen and M&G both sinking by more than 6%. Miners were down across…
Read more