Key data this week Bold indicates the most important releases for this symbol. Tuesday 8 September, 6.00 GMT: German balance of trade (July) - consensus €22 billion, previous €15.6 billion Tuesday 8 September, 6.45 GMT: French balance of trade (July) - consensus -€4.8 billion, previous -€8 billion Tuesday 8 September, 9.00 GMT: eurozone-wide annual GDP…
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EUROPEAN SHARES Stocks are trading slightly higher at the beginning of the European session on Monday with benchmarks stabilizing following last week’s sell-off. While uncertainty remains over mounting job risks as well as drying stimulus, many investors seem to be speculating that the European economy could be more resilient than other economic areas. These hopes are…
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What to watch US markets are closed on Monday for a public holiday. JD Sports Fashion: Tomorrow, London-listed JD Sports Fashion will release its latest quarterly earnings. The firm is ahead of the broader market year-to-date, although its share price is still down 14.6%. Back in April the company scrapped its final dividend and chairman…
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What to watch Note: US stock markets are closed on Monday due to a public holiday. Jobs report: With minimal earnings news, all eyes will be on August’s US jobs report from the Bureau of Labor Statistics on Friday. The report will include data on nonfarm payrolls – a measure of the number of US…
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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…
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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…
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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…
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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…
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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…
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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…
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