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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Utility names lead FTSE 100 higher Despite the official news that the UK entered the worst recession on record in Q2, London-listed stocks soared yesterday, with the FTSE 100 adding 2%. That gain took the index to a three week high. Utilities stocks were among the biggest winners of the day, with Severn Trent, Pennon…
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Vaccine hopes hit big tech stocks that have benefited from lockdown economy All three major US stock indices fell on yesterday in a rocky trading session that saw stocks sold off sharply in the final few hours before the close. One factor that may have driven the sell-off is positive news on a Covid-19 vaccine,…
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Cineworld leaps on US takeover speculation Both the FTSE 100 and FTSE 250 started the week on a positive note, adding 0.3% and 0.6% respectively. In corporate news, Unilever hit headlines, after setting the weekend of November 21 and 22 as the date for the unification of its structure under a single parent company, headquartered…
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What to watch Barrick Gold: While the price of gold has soared from $1,500 an ounce at the start of the year to more than $2,000 now, many gold miners have ridden that wave to even greater heights, as the higher price greatly expands the profit margins they are able to generate. Barrick Gold, a…
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EUROPEAN SHARES European shares are trading higher on Monday as hopes of a US stimulus package and strong macro data from China provided a fresh boost to bullish sentiment. Even if the recent battle between Republicans and Democrats over the new stimulus package scared some investors last week, the four new executive orders recently signed…
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