What to watch Zoom Video Communication: The rise of Zoom has been dramatically accelerated by the coronavirus pandemic, which has propelled it into both the public consciousness and companies worldwide. The company’s share price gained 13% on Monday ahead of its latest set of quarterly earnings on Tuesday, as investors are widely expecting an impressive…
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EUROPEAN SHARES Most European stocks edged higher on Tuesday despite a mixed tone registered overnight by Asian benchmarks as investors still struggle to assess the potential impact of US civil unrest to markets. While recent reassuring macro data and optimism about the reopening of economies in both Europe and the US have sustained the bullish…
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From a technical point of view, Brent seems to have overextended this morning. Both the slow stochastic and Bollinger Bands print overbought signals. On the other hand, Bands have contracted quite sharply since the middle of last week, so it’s possible that price is building for a breakout upward. Moving averages continue to print a…
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What to watch Although Q1 corporate earnings season is drawing to a close, there are still some interesting names reporting this week which have been direct beneficiaries of the lockdown. Video conferencing firm Zoom and business communications platform Slack have made major gains in 2020 so far, with Slack up 55.9% and Zoom up by…
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EUROPEAN SHARES European stock markets opened significantly higher, following the trend established overnight in Asia, as investors start the week on a renewed tone of optimism. Traders who took a bit of profit at the end of last week on grounds of growing uncertainty sparked by deteriorating US-Sino relationships were relieved to see President Trump…
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FTSE 100 finishes higher while UK car production vanishes London markets closed out the day before the announcement of President Trump’s conference on China, and so did not go through the late day sell-off experienced in the US. The FTSE 100 ended 1.2% higher, while the FTSE 250 gained 1.1%, with the performance of the…
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EUROPEAN SHARES Shares opened lower throughout Europe as uncertainty rises ahead of what may prove to be an eventful day. Even if simmering Sino-US tensions are nothing new to investors, the relationship between the two blocs has now become the biggest source of uncertainty to markets. President Trump is set to hold a press conference…
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GOLD The gold price rebounded after the ECB issued a new stimulus proposal. We are seeing an interesting challenge between the risk on scenario, which is dominating the markets and it is overall negative for bullion, and the hyper expansive monetary policies from central banks, which are supportive for the bullion price. Technically, after a…
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What to watch Salesforce: Ahead of its Thursday earnings report, Salesforce announced a partnership with Workday yesterday to deliver tools aimed at helping companies reopen safely, which sent Salesforce stock up more than 2% in after-hours trading. Salesforce’s share price is up more than 8% in 2020 so far, as the software and services it…
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What to watch Autodesk: Software firm Autodesk’s clients include engineering, architecture, construction firms and more. Its share price has held up well in 2020, gaining 8.8% year-to-date while the broader market has tumbled, taking its 12-month share price gain to 23.8%. Investors will be watching for how the shutdown of construction projects during the pandemic…
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