Finance names were also a weight on the FTSE, with Lloyds Banking Group, Standard Chartered, Standard Life Aberdeen, M&G, Royal Bank of Scotland and Aviva all losing more than 2%. In the FTSE 250, 10 firms posted share price falls of more than 8%, including WH Smith Plc, Provident Financial, and Cineworld Group. At the…
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EUROPEAN SHARES Stocks opened higher everywhere in Europe on Tuesday, extending the gains at the end of yesterday’s trading session by US equities. This change in sentiment was triggered by investors noticing good signs on the virus front from California, ahead of the reopening of the state next Friday. Spain, France and Hong Kong are…
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EUROPEAN SHARES Share markets drifted significantly lower almost everywhere around the globe on Monday, extending last Friday’s losses with a clear switch to “risk-off” mood so far in May. Despite April’s 7-10% rally on stocks, investors’ attitude is driven by a number of negative signs from a variety of sources. A series of mixed earnings…
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Rolls-Royce looking at mass layoffs London-listed mid cap stocks outperformed their large cap counterparts last week, with the FTSE 250 gaining 2.9% to the FTSE 100’s 0.2%. In economic data, March car production in the UK fell 37.6% year-over-year, while mortgage approvals fell from 73,670 in February to 56,200 in March. Over the weekend, it…
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Following March’s all-time ADV high of USD62.4 billion, April’s ADV decreased to USD33.976 billion – down 45.53% MoM. April’s ADV of USD33.976 billion was 14.93% greater than CBOE HotSpot’s ADV of USD29.256 billion – exceeding CBOE/HotSpot’s ADV every month since November 2018, with the exception of 1 month. All ADV figures for April are based…
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UK STOCKS Investors are set for a trading day lacking any clear direction as most financial places around the world will be closed for Labour Day. However, there remains considerable volatility on UK stocks, which have had many drivers to shake their prices recently. From the reassuring news on the virus front to the mixed…
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Financial stocks suffered a negative day too, with Royal Bank of Scotland, Standard Life Aberdeen and Lloyds Banking Group all closing more than 7% lower. The FTSE 250 also sank on Thursday, closing 2.3% lower, with Virgin Money UK and Crest Nicholson both posting double digit losses. FTSE 100: -3.5% Thursday, -21.8% YTD FTSE 250:…
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Overall, US markets enjoyed a significant rally on Wednesday, with the S&P 500 gaining 2.7%. Notably, the Nasdaq Composite is now less than one percentage point away from being back to where it started 2020. The Nasdaq was led higher by 8% plus gains from Micron, Marriott, Alphabet (Google’s parent) and Align Technology. S&P 500:…
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The rallies after bear markets make up most of the gains over the years. You have the advantage of “convexity” which is a fancy way of saying that the recovery is a much bigger percentage than the loss – for example if the market sells of by 1/3 (33.3%) and then you invest, you make…
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GOLD Gold price is rebounding and reaffirming the positive mood that followed yesterday’s Fed meeting. Investors remain confident about a relatively quick solution to coronavirus, although it is now abundantly clear that central banks will be forced to print a large amount of money. From a technical point of view, in the middle of April…
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