Climate Disruption: The New Normal
UK Election: Will Tory Victory Bring Investors Back to UK Equities?
As widely expected, the Conservative Party emerged victorious in the UK general election. Colin Morton anticipates UK equity markets will welcome the outcome, but cautions that some uncertainties remain. A Conservative victory in the UK general election would seem to be the easiest result for equity markets to digest.
Webinar – MOEX – Russian Capital Markets – an Introduction
Stocks Will Attempt To Race To New Highs on Friday, December 13
3 Reasons Sugar Futures are Rising and How to Invest in the Commodity
UK Sparks: Profits rise at Hollywood Bowl Group
Ten-pin bowling operator Hollywood Bowl Group has announced a 15.3% rise in full-year pre-tax profits to £27.6m on revenues 7.8% ahead at £130m. The group credits its ‘consumer-led strategy’ for the increases and says its refurbishment and rebranding programme is delivering strong returns.
Closing Bell (Dec 13)
The Boris Bounce
Cotton (CT) Surges 2% Resuming 3 Month Upchannel
Early Look: Thursday, December 12, 2019
U.S. futures are pointing to a modestly higher open, looking to add to yesterday’s gains after snapping its two-day losing streak after the Federal Reserve signaled that interest rates will remain unchanged throughout 2020.
Global Equity Correlations
UK Sparks: Dixons Carphone Posts Another Interim Loss
Electricals retailer Dixons Carphone has trimmed its interim pre-tax loss to £86m from £440m in the same period of last year. Adjusted pre-tax profits fell from £60m to £24m. Like-for-like electrical goods sales in the UK and Ireland were flat, but like-for-like mobile phone sales were 10% lower. Chief executive Alex Baldock says the company is “on track” to deliver its promises for the full year and to fulfil its promised “longer-term transformation”.
Closing Bell (Dec 12)
UK Heads To Polls, Central Bank Action Resumes
AUDUSD Testing Weekly Chart Downchannel Resistance
Global X 2020 Outlook
Purely from a returns perspective, 2019 appeared to be a banner year. The S&P 500 and other major equity indexes posted double-digit gains and hit new all-time highs in 2019. Investors feasted on easy money from accommodative central banks. U.S. equities set the pace, despite some high-profile wobbles. Developed markets were close behind.
A Compelling Case for Emerging Markets Debt
UK Sparks: Stagecoach Results Reflect Reduction in Business Scale
Public transport company Stagecoach has issued its interim results, reporting a decline in revenues to £800m from £1,010m in the previous year and adjusted earnings per share at 10.0p versus 12.9p. The company highlights the results reflect a reduction in scale of the group over the last eighteen months. That said, statutory earnings per share stood at 9.8 pence versus a loss of 5.5 pence in the last year. Stagecoach confirmed its full year expectations for earnings per share and maintained an interim dividend at 3.8 pence per share.
Closing Bell (Dec 11)
MRP Poll Muddies The Waters As Tory Lead Shrinks
Natural Gas (NG) Trying to Reclaim November Low Ahead of Storage
UK Sparks: Ted Baker Chairman And CEO Exit Amid Third Profits Warning
Retailer Ted Baker has posted its third profit warning in a year and announced the departures of executive chairman David Bernstein and chief executive Lindsay Page. The group says full-year profits will be between £5m-£10 after trading in November and over the Black Friday weekend was below expectations with lower than anticipated margins. The announcement comes a week after the company warned of an £25m accounting error.
Closing Bell (Dec 10)
China CPI Surges To Seven-Year High
VIX (VX) Tries Bouncing Off Weekly Chart Downtrend Support Ahead of FOMC
Tesco Considers Asian Asset Sale Amid Brexit-fueled Price Concerns
Roll Back The Barrel
Some of the world’s biggest oil-producing nations agreed on Friday to cut supply by another 500,000 barrels a day – and Saudi Arabia volunteered to go even further. The oleaginous OPEC group and its allies have cut production several times over the past three years: reduced supply boosts the oil price, theoretically meaning more profit all round.Some of the world’s biggest oil-producing nations agreed on Friday to cut supply by another 500,000 barrels a day – and Saudi Arabia volunteered to go even further. The oleaginous OPEC group and its allies have cut production several times over the past three years: reduced supply boosts the oil price, theoretically meaning more profit all round.
Central Banks on Hold As Data Improves
Strength is this week’s theme, at least for the most part. Lower rates and Washington’s borrow and spend policy appear to be giving the US labor market a sizeable push going into year end. Growth in the global economy in general also appears to be improving, or at least no longer deteriorating. This lift is expressed in the week’s central bank decisions.
UK Sparks: Naspers Ups Stakes in Just Eat Takeover Battle
The takeover battle for takeaway food platform Just Eat has taken another twist with South African technology investor Naspers lifting its cash offer to £5.1bn. The 740p-a-share offer, made through Naspers’ subsidiary Prosus, compares to the 710p bid it made in October, valuing the business at £4.9bn. Naspers says the new offer represents a 25.6% premium to Just Eat’s closing price the day before its October bid and a 24.6% premium to the recommended all-share offer from Dutch food delivery group Takeaway.com.