OIL The countdown to the US election is drawing into sharper focus and as the odds of a Biden victory increase (implied probability went up from 65 to 69.2% over the weekend), investors are betting on the likeliest scenarios for oil in the next few years. A Biden victory could see less support for the…
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GOLD The gold price is little changed, continuing the slow dance seen in the last few days around $1,950. Bullion is waiting for new market drivers, as investors seem to have fully priced in the current scenario and the hyper-expansive monetary policies of central banks. Carlo Alberto De Casa – Chief analyst, ActivTrades OIL This week’s oil…
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Morrison earnings disappoint while Games Workshop soars London-listed shares were close to flat yesterday, although they ended the day in the red. Sterling suffered another poor day, falling more than 1% against both the dollar and euro after the European Central Bank decided to hold fast on its current interest rate position. Morrison Supermarkets brought…
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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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EUROPEAN SHARES European shares slid lower on Thursday, mostly in profit taking moves sparked by disappointing Chinese retail sales this morning. Even if trading optimism has recently been boosted by vaccine developments, today’s poor Chinese data underline that market confidence remains feeble and reminded some investors the path to a full recovery may be longer…
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EUROPEAN SHARES Stocks slid lower on Friday in Europe, extending yesterday’s losses and following the bearish trend overnight in Asia, as risk appetite fades across the globe. Despite a positive start to the week, record increases in the number of infections and deaths in several countries (California, Florida, Mexico, BRIC countries etc…) has brought some…
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With volume of both buying and selling having declined, this could be the beginning of the accumulation phase of a new uptrend. Confirmation could be sought from studying behaviour around near-term resistances, primarily the 50 and 100 SMAs not far above the current price. Two crucial events this week though will mean that fundamentals are…
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UK rallies as financials come to the rescue UK markets turned positive late yesterday to finish on a high, with financial stocks coming to the fore amid changes to the US regulatory landscape. Asset managers Schroders and Standard Life Aberdeen both closed up over 3%, while investment platforms were also in the ascendency, as investors…
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EUROPEAN SHARES European stocks drifted lower at the opening on Monday, extending losses registered earlier this morning by Asian benchmarks, as the appetite for risk assets decreases. This risk-off mood, initially triggered last Thursday by fears of a second virus wave, has been confirmed over the weekend after a rise in the number of new…
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OIL The oil price has started the new week in green as investors are celebrating the deal reached by OPEC+ over the weekend. The WTI price for both July and August expiry has now reached and surpassed the psychological threshold of $40, while the general sentiment remains positive as markets are betting on a quick…
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