Earnings Season in Full Swing

Wednesday, 17 July: Earnings season showed it was in full swing today, giving investors plenty to digest at the opening bell. The FTSE lost a ground early doors as a downbeat session on Wall St. was followed by mixed fortunes in Asia early on Wednesday morning. The weakness in sterling is also losing influence over…

Pearson Revise Education Strategy

Tuesday, 16 July: As earnings season slowly gets underway we can see more intraday moves for global bourses, with Wall St. announcements dictating play later in the session. There has been little in the way of trade tensions cooling and mixed macro data across the globe continues to pose headaches for investors and central banks…

Persimmon Criticisms Build

Monday, 15 July: This morning we saw a fairly subdued open for shares in London. Aside from early Chinese data there as little else to drive the market or for investors to sink their teeth in to. The mentioned data out of China showed the slowest growth rate in 27 years at 6.2% (although in-line…

Lookers Finds Itself in Reverse Gear

Friday, July 12: The FTSE 100 closed out the week in the red, dragged lower foremostly by insurer Hiscox but also a raft of consumer stocks and utility companies. Hiscox(-5.32%) shocked the market after announcing it would take a hit from claims related to catastrophe events in 2018. However, a boost to business is expected…

Investors High on Indivior

Thursday, July 11: The FTSE 100 commenced the day in the green before fading into the close as Ocado(-3.35%) led the index lower despite announcing a US partnership with Kroger to invest $55m in a Georgia fulfilment centre. Hopes of a US Fed rate cut helped to drive the US market at the open, though…

Investors Toast Wetherspoons

Wednesday, July 10: European equities were largely subdued, though auto manufacturers and engineers weighed the DAX 30 lower than its European counterparts. UK equities were narrowly lower at the open, but a positive GDP read for May did little to enthuse investors’ appetite for stocks, especially with US Federal Reserve Chair Jerome Powell’s testimony due…