Key data this week Bold indicates the most important releases for this symbol. Tuesday 25 August, 6.00 GMT: German quarterly GDP growth (final, Q2) - consensus -10.1%, previous -2% Tuesday 25 August, 6.00 GMT: German annual GDP growth (final, Q2) - consensus -11.7%, previous -2.3% Tuesday 25 August, 8.00 GMT: Ifo Business Climate (August) -…
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FTSE 100 continues heading sideways The FTSE 100 and FTSE 250 once again struggled to find any momentum last week, sinking 1.5% and 0.9% respectively, as both indices continued to track sideways. UK economic data last week showed some improvement in a variety of areas, with positive retail sales growth, plus a marginal gain in…
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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…
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British Airways parent leads FTSE 100 higher as travel stocks rebound slightly The FTSE 100 added 0.6% on Wednesday, with International Consolidated Airlines Group leading the way with a 7.6% gain, following a rough few days for UK travel names. The British Airways operator was flagged as a “compelling investment into the next cycle” by…
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FTSE 100 and FTSE 250 back in lock-step The FTSE 100 and FTSE 250 each fell by 0.8% on Tuesday, with the two indices now at an almost identical year-to-date loss. Both indices have essentially been travelling horizontally, since the beginning of June, failing to build the recovery momentum that American stocks have generated. Between…
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Nasdaq Composite continues to add gains Of the three major US stock indices, the Nasdaq Composite was the winner on Monday, adding 1% to take its year-to-date gain to 24%. The S&P 500 was also in the green, but the Dow Jones Industrial Average fell 0.3%, dragged lower by 2% plus losses from names, including…
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From a technical perspective, the uptrend is still active here although momentum has been somewhat lower since last week. The focus of this chart is the 50 SMA from Bands, coming just above the 50% zone from the daily Fibonacci fan. Currently there’s no sign of overbought from either Bands (50, 0, 2) or the…
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EUROPEAN SHARES European share markets started the week on a mixed note as the "wait and see" trading stance continues ahead of a busy week. Stimulus measures and the US-Sino relationship remain the biggest market drivers at the moment and investors were slightly disappointed to see trade talks between Washington and Beijing, initially planned for…
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UK indices lower as markets baulk at new travel restrictions The FTSE 100 and 250 indices were led lower on Friday by travel stocks which sold off thanks to fresh quarantine impositions on six countries, including the UK’s number two destination, France. Fresh quarantine rules means travellers returning from France will have to quarantine at…
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The expanded pilot program does not have set time yet but policy framework should be complete by the end of 2020. The development of the digital currency electronic payment (DCEP) in China began in 2014, much before other global monetary regulators. China's initial real-world trial of its CBDC was scheduled for Shenzhen in the end…
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