OIL The oil price is slowing down after the recent rally which lifted the July expiry well above $30. Investors seem much more confident that the demand will slowly recover and the filled-up tanks were most likely an exceptional event. These elements helped drive the price higher although it is now modestly declining as we…
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EUROPEAN SHARES Benchmarks in Europe are struggling to extend yesterday’s gains, which was sparked by optimism about a possible vaccine against Covid-19. However, yesterday’s euphoria is now nuanced by today’s uncertainty as investors brace themselves for the Fed Chairman Jerome Powell’s speech, which will provide them with more clues on the state of the recovery…
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What to watch Walmart: Grocery giant Walmart’s 90% plus share price gain between the beginning of 2016 and end of 2019 was in part driven by the firm’s successful transition to an online world. The company reports its Q1 2020 earnings today, having outperformed the broader market by a significant margin in 2020. Year-to-date,…
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EUROPEAN SHARES Shares traded higher from Tokyo to London on Monday as investors start the week on an optimistic note as major economies reopen. All European benchmarks registered a bullish opening with mining and energy shares among today’s top movers with market sentiment fuelled by fresh hopes of a global recovery. However, even if the…
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UK stocks sink on GDP figures, US headlines Despite a Friday rally, London-listed stocks sank last week. In addition to the headlines and economic data out of the US, investors also got a view into the impact of the pandemic-induced lockdown on UK GDP, alongside March industrial and manufacturing production numbers. The UK economy shrank…
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FTSE 100 sinks heavily after Fed chair speech, OBR figures London-listed stocks sank sharply yesterday following Federal Reserve chairman Jerome Powell’s downbeat speech in the US on Wednesday. Additionally, in the UK, the Office for Budget Responsibility reported that the cost of government interventions to aid the economy will lead to a budget deficit of…
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EUROPEAN SHARES European markets showed volatility as they edged higher on Friday as traders weighed up the mixed data from China overnight. Investors were pleased to see the Chinese Industrial Production topping estimates for April but were disappointed by the drop in Retail Sales which highlighted the weakness of demand in almost every sector, and…
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EUROPEAN SHARES European shares drifted lower on Thursday alongside Asian equities and US Futures on the S&P 500 as market sentiment slowly fades. Investors, who were already sceptical about further gains on stocks, have seen their risk appetite slashed by yesterday’s comments from Jerome Powell. The Fed chairman added to the current uncertainty by warning…
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What to watch Brookfield Asset Management: Alternative investments giant Brookfield reports its Q1 2020 earnings today, investors will be looking for insight into how the firm is deploying assets to make opportunistic acquisitions during this volatile period. This week, the firm announced that it is setting up a $5bn fund to take stakes in struggling…
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GOLD Volatility on gold remains modest with the spot price continuing a slow dance just above the threshold of $1,700 while traders await fresh directional input. Despite European stocks in red this morning, investors are not rushing to buy gold, meaning that they don’t see this correction on stock markets as a reaction to April's…
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