Monthly Archives: December 2018

MARKET ACTIVITY & EUROPEAN OPENING CALLS – 14/12/18

YESTERDAY – FTSE -3 points at 6877 (-0.04%), DAX -0.14% 10914, CAC -0.31% 4894

 

DJIA +71 at 24597 (+0.29%), S&P 500 -0.02% at 2650, NASDAQ -0.39% at 7070 – Markets ease as trade talk rally fizzles out.

TODAY – ASIA – ASX -0.91% – Shanghai -0.57%%, Hang Seng -1.37%, Nikkei -1.79% – China’s industrial out put and retail sales growth falter, as does its faith in trade deal with US.  Markets sharply lower.

Bonds – Japan 0.04%, Germany 0.29%, France 0.73%, UK 1.30%, Spain 1.42%, Portugal 1.67%, US 2.92%, Italy 2.97%, Greece 4.19%

Cable $1.2631, €/£0.8993, €/$1.1360, $/Y113.45 – Gold $1245.60 – Nymex $52.38, Brent $61.05

UK companies posting results this week – Friday – Balfour Beatty

 

European opening calls – FTSE -65 points at 6812   DAX -89 points at 10825, CAC -44 points at 4850, DJIA FUTURES -232  points at 24365

75% of retail investors lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

Advertisements

MARKET ACTIVITY & EUROPEAN OPENING CALLS – 11/12/18

YESTERDAY – FTSE -56 points at 6721 (-0.83%), DAX -1.54% 10622, CAC -1.47% 4742

 

DJIA +34 points at 24423 (+0.14%), S&P 500 +0.18% at 2637, NASDAQ +0.74% at 7020

 

TODAY – ASIA – ASX+0.12% – Shanghai +0.28%, Hang Seng -0.11%, Nikkei -0.32% at 21151

Bonds – Japan 0.04%, Germany 0.25%, France 0.70%, UK 1.21%, Spain 1.44%, Portugal 1.78%, US 2.86%, Italy 3.12%, Greece 4.21%

Cable $1.2578, €/£0.9887, €/$1.1367, $/Y113.07 – Gold $1252.10 – Nymex $51.10, Brent $60.09

UK companies posting results this week – Tuesday – Ashtead Group, Wednesday – John Wood Group, Carphone Dixons, Superdry, BATS, Thursday – Ocado, Sports Direct, Bunzl, PZ Cussons, Friday – Balfour Beatty

 

US companies posting results this week – Tuesday – American Eagle Outfitter, Thursday – Fred’s, Costco

 

Economic data posted this week – Tuesday – UK Employment data, Wednesday – RICS House Prices

 

European opening calls – FTSE +44 points at 6765  DAX +86 points at 1078, CAC +36 points at 4778, DJIA FUTURES  -43 points at 24380

75% of retail investors lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

MARKET ACTIVITY & EUROPEAN OPENING CALLS 10/12/18

TODAY –

ASIA – China’s trade data worse than expected Exports rose 5.4% over a year ago to $227.4 billion, a marked decline from the previous month’s 12.6% increase, customs data showed Saturday. Imports rose 3% to $182.7 billion, a sharp reversal from October’s 20.3% surge – ASX -2.27% – Shanghai -0.92%, Hang Seng -1.56% Nikkei -2.29% 

Bonds – Japan 0.04%, Germany 0.25%, France 0.70%, UK 1.27%, Spain 1.45%, Portugal 1.79%, US 2.84%, Italy 3.13%, Greece 4.19%

Cable $1.2751, €/£0.8968, €/$1.1436, $/Y112.44 – Gold $1255.25 – Nymex $52.48, Brent $61.99

UK companies posting results this week – Tuesday – Ashtead Group, Wednesday – John Wood Group, Carphone Dixons, Superdry, BATS, Thursday – Ocado, Sports Direct, Bunzl, PZ Cussons, Friday – Balfour Beatty

 

 

US companies posting results this week – Tuesday – American Eagle Outfitter, Thursday – Fred’s, Costco

 

 

Economic data posted this week – Monday – UK Balance of Trade, UK Industrial Production and Manufacturing output, Tuesday – UK Employment data, Wednesday – RICS House Prices

 

European opening calls – FTSE 100 -45 points at 6733 DAX -118 points at 10670, CAC -35 points at 4788, DJIA FUTURES –135 points at 24253

75% of retail investors lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

MARKET ACTIVITY & EUROPEAN OPENING CALLS 7/12/18

YESTERDAY –

FTSE 100 – 6704 -217 (-3.15%),

DAX 10810 -389 (-3.48%), CAC -163 (-3.32%) at 4780

DJIA – 24947 -79 (-0,32%), S&P -0.15% at 2695 & NASDAQ +0.42% at 7188

TODAY – The sharp fall in Asian equities has been temporarily arrested, in response to rally in New York, after violent an initial ‘sell-off.’

ASIA – ASX +0.42% – Shanghai +0.16%, Hang Seng +0.15% Nikkei +0.78% 

Bonds – Japan 0.05%, Germany 0.24%, France 0.67%, UK 1.23%, Spain 1.46%, Portugal 1.80%, US 2.89%, Italy 3.12%, Greece 4.21%

Cable $1.2766, €/£0.8903, €/$1.1367, $/Y112.91 – Gold $1245.00 – Nymex $51.24, Brent $59.67

UK companies posting results this week –Friday – Berkeley Homes

 

US companies posting results this week –Friday – Big Lots, Johnson Outdoors, Vail Resorts

 European opening calls – FTSE +85 points at 6790, DAX +105 points at 10915, CAC +60 point at 4840, DJIA futures 125  points at 24832

75% of retail investors lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

MARKET ACTIVITY & EUROPEAN OPENING CALLS 6/12/18

YESTERDAY –

FTSE 100 – 6921 -100 (-1.44%),

DAX 11200 -130 (-1.19%), CAC -41 (-1.36%) at 4944

DJIA, S&P & NASDAQ closed in honour of George HW Bush funeral

TODAY –

ASIA suffers from global sell-off despite New York being closed – ASX -0.19% – Shanghai +1.64%, Hang Seng -2.72% Nikkei -2.33% 

Bonds – Japan 0.05%, Germany 0.28%, France 0.68%, UK 1.31%, Spain 1.45%, Portugal 1.79%, US 2.89%, Italy 3.08%, Greece 4.11%

Cable $1.2718, €/£0.8921, €/$1.1347, $/Y112.70 – Gold $1245.00 – Nymex $52.34, Brent $61.04

UK companies posting results this week – Thursday – DS Smith, Ted Baker, Friday – Berkeley Homes

 

US companies posting results this week – Wednesday – American Eagle Outfitters, Brown-Forman, Toll Bros, Corn/Ferry, H&R Block, Thursday – Kroger’s, Broadcom, Friday – Big Lots, Johnson Outdoors, Vail Resorts

 

 

Economic data posted this week – Wednesday – UK PMI Services, SMMT new car sales

 

 European opening calls – FTSE -59 points at 6862, DAX -158  points at 11042, CAC -49 point at 4895, DJIA futures -312  points at 24715

75% of retail investors lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

MARKET ACTIVITY & EUROPEAN OPENING CALLS – 5/12/18

YESTERDAY –

FTSE 100 – 7,022 -39 (-0.56%),

DAX 11,335 -130 (-1.14%), CAC -41 (-0.82%) at 5012

DJIA +1.13% -799 points at 25027, S&P -3.24% at 2700, NASDAQ -3.80% at 7158 – US markets clattered on uncertainty over growth and possible Sino/US trade issues

TODAY –

ASIA suffers from the larruping in New York – ASX -0.72% – Shanghai +1.67%, Hang Seng -0.44% Nikkei -0.65% 

Bonds – Japan 0.07%, Germany 0.25%, France 0.67%, UK 1.28%, Spain 1.48%, Portugal 1.80%, US 2.91%, Italy 3.18%, Greece 4.20%

Cable $1.26.85, €/£0.8923, €/$1.1324, $/Y113.02 – Gold $1240.60 – Nymex $52.41, Brent $60.98

UK companies posting results this week – Wednesday – Stagecoach, Stock Spirits, Thursday – DS Smith, Ted Baker, Friday – Berkeley Homes

 

US companies posting results this week – Wednesday – American Eagle Outfitters, Brown-Forman, Toll Bros, Corn/Ferry, H&R Block, Thursday – Kroger’s, Broadcom, Friday – Big Lots, Johnson Outdoors, Vail Resorts

 

Economic data posted this week – Wednesday – UK & US PMI Services, SMMT new car sales

 

 European opening calls – FTSE -58 points at 6964, DAX -135  points at 11200, CAC -42 point at 4960, DJIA futures +77  points at 25104

75% of retail investors lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

MARKET ACTIVITY 4/12/18

At 11.36am the FTSE 100 has seen a 25 point-gain taken down to a 49-point loss at 7013. Why.  Perhaps yesterday’s euphoria was a little overplayed on the back of some appeasement from the SINO/US trade spat. Also, BREXIT is looking even more of a mess than it did 24-hours ago.  Just to pour some salt in investors’ wounds, Governor Mark Carney was ‘under a wet sail’ giving evidence of a negative nature to the Parliamentary select committee in the event of ‘no deal’ or a ‘sloppy withdrawal.’ No point being repetitive on the Governor’s political approach. He has a duty of care, dislikes BREXIT and has compiled data from across its several economists and from outside businesses in coming to his alarming forecasts. That is how it is.

 

Investors are in quite a fractious frame of mind; so, it did not need much to see prices ease back. Miners were under the cosh!  We also saw BAE Systems loses 4.8% in value and Rolls Royce’s shares were down over 3%. These are measurable movements.  Both are forecasting flat earnings and have received downgrades from Merrill Lynch.  Glaxo eased by 7% yesterday on news that CEO Walmsley had paid a huge premium to buy US Oncologist TESARO. Glaxo look to have done a 180 degree turn on policy having sold their cancer operation to Novartis a couple of years to concentrate more on healthcare. So, this deal seemed bizarre. Does Glaxo have a new programme or is this just a specialized field M/S Walmsley wants Glaxo to be involved in? Glaxo shares were up 1.43%. IG posted a marginally negative outlook for 2019 with revenues expected to drop 6%. Its shares were down 8% taking the loss in value to over 40% since the beginning of August – timed with draconian regulatory changes. The DJIA futures are expected to open down 85 points at 25741.

 

 75% of retail investors lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

MARKET ACTIVITY & EUROPEAN OPENING CALLS

YESTERDAY –

FTSE 100 – 7,062.41 +82.17 (1.18%),

DAX 11,465.24 +208.00 (1.85%), CAC +1.00% at 5053

DJIA +1.13% +287 points at 25826, S&P +1.09% at 2790, NASDAQ +1.51% at 7441

TODAY –

ASIA warm glow from US/Sino trade appeasement starts to fade – ASX -0.87% – Shanghai +0.04%, Hang Seng -026% Nikkei -1.40% 

Bonds – Japan 0.09%, Germany 0.31%, France 0.69%, UK 1.31%, Spain 1.49%, Portugal 1.80%, US 3.00%, Italy 3.13%, Greece 4.17%

Cable $1.2745, €/£0.8924, €/$1.1376, $/Y113.07 – Gold $1242.10 – Nymex $53.53, Brent $62.33

UK companies posting results this week – Tuesday – Greencore, Victrex, IG Group, Wednesday – Stagecoach, Stock Spirits, Thursday – DS Smith, Ted Baker, Friday – Berkeley Homes

 

US companies posting results this week – Monday – Cisco Systems, SmartSheet, Tuesday – Christopher & Banks, Barnes & Noble, Dollar General, Autozone, Donaldson & Company, Hewlett-Packard Enterprises, Wednesday – American Eagle Outfitters, Brown-Forman, Toll Bros, Corn/Ferry, H&R Block, Thursday – Kroger’s, Broadcom, Friday – Big Lots, Johnson Outdoors, Vail Resorts

 

 

Economic data posted this week – UK & US PMI Manufacturing, Tuesday – UK PMI Construction, UK Retail Sales, Wednesday – UK & US PMI Services, SMMT new car sales

 

 European opening calls – FTSE -11 points at 7051, DAX -41 points at 11424, CAC -15 point at 5038, DJIA futures -128  points at 25698

75% of retail investors lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

 

 

IT’S A VERY POOR DEAL, BUT CONSIDER THE RAMIFICATIONS……

It’s a terrible deal! Everyone knows it from both sides of the divide.  It is nigh on impossible for a ‘REMAIN’ Cabinet to deliver a ‘BREXIT’ manifesto. Their heart cannot be in it and clearly it wasn’t!  PM May knows she had to deliver the best possible terms to leave the EU against an exceptionally hostile EU, who, to put it mildly, were incandescent with rage that the British Electorate chose to expose the weaknesses of his ‘club’, which has seen Germany and France thrive and many of the others struggle.

The country has never been as divided since Suez crisis in 1956. Therefore, having seen the support for her ‘Chequers deal’ collapse like a deck of cards, the Prime Minister has chosen to plough a lonely furrow using two highly intelligent civil servants in Olly Robbins and Sir Tim Barrow to negotiate what they jointly felt were the best terms available, appearing to ignore any dissenting counsel such as offered by Messrs Johnson, Davis and Raab.  Messrs Robbins and Barrow are quality individuals and they may well have ‘REMAIN’ sympathies, but they are servants of the government and are under instruction from the Government.  I suggest it is not their fault.  It was the Government’s mandate that was suspect and not remotely what the majority, which vote to ‘Leave’ had in mind.

This deal looks as though it will not get through the House of Commons and frankly though ideologically a ‘NO DEAL’ or a WTO Canada ++ would probably have had some legs eighteen months ago, I fear that another 2 years of uncertainty could give credence to the Bank of England’s ‘worst case scenario dramatic collapse of the UK economy’ which it may not deserve. PM May is not stupid and knows this and though my diseased-ridden mind is working overtime, the fact that Governor Carney and the Hammond led HM Treasury are known to be ‘REMAIN’ sympathisers, their professional support will help any slim chance the PM has of winning the day!

The PM has had no support from a Labour party which has cynically only had its own interests at heart, hoping to benefit from Tory disarray. The Conservative party have been fighting amongst themselves over Europe for forty years, with at times devastating consequences. This bickering has to cease, forthwith.

The lack of respect for Theresa May from her own party and the unwillingness or inability to acknowledge the challenge facing her is sickening to observe, even though I disagree with her plan, which keeps the ECJ in play indefinitely. 

However, there is no need for a ‘Peoples’ Vote. ’There are some potentially positive bones to pick at in the ‘Withdrawal Bill’ but the focus has been overwhelmingly on the negatives. If Mrs May could give some clarity in the next 10 days that ‘the backstop’ would only come in to operation if technology fails on the Northern Ireland border issue, may be there could be a breakthrough, but I shall not be holding my breath.

Personally, I am devastated at this disappointing and woeful deal. But no one has the mandate to risk economic peril, when time is running out.  There appears to be nothing else to discuss with the EU and as the days go by, the hostility from Brussels, Strasbourg and some of their senior representatives gets more acerbic. Don’t forget everything in the EU’s garden is far from rosy and they know the UK may be the first to ‘Laeve’,  but won’t be the last.  As a country we need to regroup and use some ingenuity to win through.

The Machiavellian team of Corbyn & McDonnell wait eagerly in the wings.  If you think they are not electable, think again. So many people are disenchanted with the performance of this government.  It is close to resembling a laughing stock. Sharpen up and get real, or penury will be delivered in spades.  Money is already leaving this country in preparation for a high-spending and revengeful Labour Government. Prenez-garde! Folks, this deal may just be ‘Hobson’s choice.’