Core Finance: Recent Episodes
Core Finance
Nick Batsford, CEO of Core London is joined down the line by Clem Chambers, Founder of ADVFN.
Nick Batsford, CEO of Core London is joined by Bill Blain, Strategist at Shard Capital.
Core Finance is part of Core London, a TV production company based in Belgravia, London.
Core Finance is part of Core London, a TV production company based in Belgravia, London.
Nick Batsford, CEO of Core London is joined down the line by Clem Chambers, Founder of ADVFN.
Nick and Clem discuss the following:
FTSE 6000
Dow 20000
“A stock market crash is coming”
Bitcoin
As in the cowboy movies
“It’s quiet,too quiet”
Nick Batsford, CEO of Core London is joined down the line by Ryan Littlestone, Trader & Analyst at ForexFlow.live
Nick Batsford, CEO of Core London is joined down the line by Clem Chambers, Founder of ADVFN.
A quick review of all things markets with Tim Gregory, Investment Manager at Vermeer Investment Management.
Nick Batsford, CEO of Core London is joined down the line by Ryan Littlestone, Trader & Analyst at ForexFlow.live
Nick Batsford, CEO of Core London is joined down the line by Matthew Yeates, Quantitative Investment Manager at 7IM.
Shaun Richards from Notayesmaneconomics gives his latest soapbox views on the French Economy.
Nick Batsford, CEO of Core London is joined down the line by Clem Chambers, Founder of ADVFN.
Nick Batsford, CEO of Core London is joined by Jeremy Lyon, Consultant at Hobart Capital.
Nick Batsford, CEO of Core London is joined by Dave Harris, CEO of InvaTrust Consultancy.
Nick Batsford, CEO of Core London is joined down the line by Clem Chambers, Founder of ADVFN.
Nick Batsford, CEO of Core London is joined by Gaurav Sharma, Oil Markets Analyst & Forbes Columnist.
Nick Batsford, CEO of Core London is joined by Dave Harris, CEO of InvaTrust Consultancy.
Nick Batsford, CEO of Core Finance is joined by Charlie Burton, Co-Founder of EzeeTrader.
Nick Batsford, CEO of Core London is joined down the line by Clem Chambers, Founder of ADVFN.
Nick Batsford, CEO of Core London is joined by Bill Blain, Strategist at Mint Partners.
Nick Batsford, CEO of Core London is joined down the line by Clem Chambers, Founder of ADVFN.
Nick Batsford, CEO of Core London is joined by Mike Ingram, Chief Market Strategist at WH Ireland.
Nick Batsford, CEO of Core London is joined by Tim Harrison, Head of Wealth Management at Linear Investments.
Nick Batsford, CEO of Core London is joined down the line by Clem Chambers, Founder of ADVFN.
Nick Batsford, CEO of Core London is joined by Tim Harrison, Head of Wealth Management at Linear Investments.
Nick Batsford, CEO of Core London is joined by Dave Harris, CEO at InvaTrust Consultancy.
Shaun Richards of Notayesmaneconomics discusses the Bank of England in his latest soapbox update.
Nick Batsford, CEO of Core London is joined by Steven Woodcock, Financial Markets Trader.
Nick Batsford, CEO of Core London is joined by Tim Gregory, Chief Investment Manager at Vermeer Investment Management.
Nick Batsford, CEO of Core London is joined by Simon English, Senior City Correspondent, Evening Standard
Nick Batsford, CEO of Core London is joined by Tim Gregory, Chief Investment Manager at Vermeer Investment Management.
Nick Batsford, CEO of Core London is joined by Chris Justham, Investment Manager at 7IM.
Nick Batsford, CEO of Core London is joined by Richard Hunter, Head of Markets at interactive investor.
Nick Batsford, CEO of Core London is joined down the line by Clem Chambers, Founder of ADVFN. Clem’s “soapbox” views on the global equity markets and the rebound in bitcoin seen last week
Nick Batsford, CEO of Core London is joined by Tim Harrison, Head of Wealth Management at Linear Investments.
Nick Batsford, CEO of Core London is joined down the line by Clem Chambers, Founder of ADVFN.
Nick Batsford, CEO of Core London is joined by Mike Ingram, Chief Market Strategist of WH Ireland.
Nick Batsford, CEO of Core London is joined by Tim Gregory, Chief Investment Manager at Vermeer Investment Management.
Nick Batsford, CEO of Core London is joined by Tim Harrison, Head of Wealth Management at Linear Investments.
Nick Batsford, CEO of Core London is joined by Matthew Yeates, Quantitative Investment Manager at 7IM.
Nick Batsford, CEO of Core London is joined by Ryan Littlestone, Trader & Analyst at Forexlow.live
Nick Batsford, CEO of Core London is joined by Tim Harrison, Head of Wealth Management of Linear Investments.
Nick Batsford, CEO of Core London is joined by Mike Ingram, Chief Market Strategist of WH Ireland.
A review of US non farm payrolls,spring statement,CFTC - (sterlings weakening position) and Trumps potential US trade tariffs
Nick Batsford, CEO of Core London is joined by Tim Gregory, Chief Investment Manager at Vermeer Investment Management.
The US February employment report painted a picture of a “Goldilocks” labour market - good news surely for global equity markets ?
In Europe the strength of the Euro may be impacting European industrial companies - Tim gives his latest macro thoughts
Nick Batsford, CEO of Core London is joined by Tim Harrison, Head of Wealth Management at Linear Investments.
Merger mania set to continue as a theme as another Monday morning brings M&A to the forefront
Tim looks to the week ahead and is certainly more cautious about North Korea than the newspaper headlines ...
Shaun’s latest Soapbox suggesting further reform is needed after Royal Bank of Scotland reaches $500 minimum settlement with New York State over mortgage securities.
David Paul, managing director of VectorVest, talks about his current investment portfolio while expressing caution about investing at this point in time. He looks at the yearly performance of Griffin Mining, Robert Walters and Trifast.
Marc Otswald, strategist at EDMISI, addresses Trump's tariffs on steel which will raise the price of steel and negatively impact US automakers. 'Blast from the East' is likely to do a lot of damage to the wheat crops in Europe.
Paul Wallace, trading coach and founder of the London Traders Network, is bullish on the dollar and bearish on the Euro and Cable. He offers his analysis on the main currencies in the world. Next social of the London Traders Network is on March 21.
Stock markets around the world have had a volatile start to 2018, and although some appear to have steadied, there could be more downside ahead, says ADVFN founder, Clem Chambers.
How are UK and European stock markets likely to fare this week?
Mike Ingram, chief market strategist WH Ireland talks us through the macro and micro factors steering equities right now.
As the 'Beast from the East' threatens to freeze out the UK, markets are shrugging off the cold weather and focusing on the earnings coming up this week, says Tim Harrison head of wealth management at Linear Investments.
How do you pick a good stock when the markets are in volatile mood? Clem Chambers, founder of ADVFN, talks us through the essential discipline of value investing when stock picking.
As markets continue to be caught in the grip of volatility we look ahead to a week focused on ECB and FOMC announcements, plus the key stocks reporting this week, with Tim Harrison head of wealth management at Linear Investments.
Connor Campbell, financial analyst Spreadex takes us through the latest moves with the cable currency pair and the FTSE100 and how they may perform in a week of UK data sets.
Connor Campbell, financial analyst Spreadex takes us through what may be coming up next for builder Galliford Try, drugmaker Shire and bottler Coca-Cola HBC, all of which have seen heavy falls so far this year.
With stock market valuations stretched and US 10 year Treasury yields spiking, investors could find themselves caught between a bear and bull market, says Tim Gregory, chief investment officer at Vermeer.
Last week's rout in global equities was only the beginning, says Clem Chambers, founder and ceo of ADVFN, and the reason for it can be summed up easily - the US is ending its quantitative easing.
Global stocks markets had a massive fall last week, but are now recovering. So should investors remain in the market for a bit more gain or take their cash off the table now? Mike Ingram, chief market strategist, WH Ireland discusses the options.
After last week's massive falls and volatility in the world's stock markets, what we can expect this week? Tim Harrison head of wealth management at Linear Investments talks us through the key data points coming up.
Ahead of the Bank of England's 'Super Thursday' reveal, Shaun Richards of the Not A Yes Man Economics blog talks us through what the Bank will be weighing up ahead of the rate decision, meeting notes and inflation report.
Wild swings in global markets and a surge in volatility have spooked many investors, but could a liquidity gap be next? Craig Erlam, senior market analyst at OANDA, talks us through the liquidity concerns.
With a number of global data points raising potential red flags on the outlook for stocks, Tim Harrison head of wealth management Linear Investments, tells us what he'll be focusing on in the week ahead.
Could 'reverse QE' be the driver behind a global stock market correction? Clem Chambers, founder of ADVFN says it is almost inevitable that a crash is coming.
Following the introduction new trading rules such as the Market in Financial Instruments Directive (MiFID), we put regulation in focus with Ricardo Evangelista of ActivTrades to find out what it means for traders.
This week saw the departure of US Federal Reserve chairman Janet Yellen, just as US interest rates are set to rise. Ricardo Evangelista of ActivTrades, talks us through her tenure and how the land lies for her successor, Jerome Powell.
Brent Crude's been on the rise lately, but where is it heading next, and what factors are likely to shape its direction in the months ahead? Mike van Dulken head of Research at Accendo Markets takes us through the key charts with his view.
Mike van Dulken, head of Research at Accendo Markets talks us through the rise of the British pound, currently surging against the US dollar, touching highs not seen since the Brexit vote.
After a good start to the year, the FTSE100 has been falling of late and the trend is testing new resistance levels. Mike van Dulken, head of research at Accendo Markets looks at what how the trend is likely to continue.
With traditional financial assets, stocks and bonds coming off the boil, could alternative assets be in vogue? Bill Blain, strategist at Mint Partners talks us through the types of alternative investments.
Zaza Mamulaishvili ceo of AIM-listed oil and gas exploration firm Frontera Resources talks about the company's successful oil drilling operations in Georgia, including the latest on its gas well testing exercises and why its investors remain interested in the firm.
Bryan Noble, founder TraderNoble.com takes us through the latest key technical indicators and what they're saying about the US stock market indices.
Craig Erlam, Senior Analyst at OANDA talks US economy. The Fed over the last few couple of years has given itself a stage in which it doesn’t need to pick things up too fast because it’s been raising rates. Due to the higher interest’s rates in comparison to other central banks, the Fed can afford to be slightly more patient. The dollar is falling out of favour as there will be far more movement in, for example the ECB, the BOE and even the BOJ. Craig Erlam discusses USD/JPY. Recently the 110 key support was breached,& we now seen it trading well below that level . Craig Erlam is keeping a close eye on this as he predicts a break out soon to the downside again.
Nicholas Nelson executive chairman of NEX-listed Equatorial Mining & Exploration explains how both he and the company overcame initial reservations about pursuing coal mining assets in Nigeria to find a wealth of opportunities and a ready local market to profit from, despite the nation's stability issues.
In a dynamic and revealing interview, Charlie Burton, founder of EzeeTrader, talks with 20 year-old German trader Leo Preissler about how he got started in the market trading business. Experienced traders will likely nod wisely.
Charlie Burton, founder EzeeTrader picks up with trader Leo Preissler to give you the inside track on his trading strategy and discipline. Plus, why being right all the time isn't the best policy and the appeal of thematic trading.
US president Donald Trump is being credited with reviving the US economy with a raft of policies, but Clem Chambers, founder and ceo of ADVFN, suggests the current 'sweet spot' in the markets may have more to do with the previous incumbent.
One of Japan's largest cryptocurrency exchanges, Coincheck, claims £380m was stolen when the exchange's digital wallet system was hacked.
Clem Chambers, founder and ceo ADVFN, assesses the risk and damage it's caused and how regulation needs to be ramped up. Plus who are the 'Virtual Currency Girls'?
What's keeping the US dollar on the defensive? WH Ireland's chief market strategist Mike Ingram talks us through the dollar in January, plus the 'orderly' rise in US bond yields and the outlook for equity markets.
With Trump's State of the Union Address, a Fed rate meeting, PMIs and non-farm payrolls all ahead of us this week, Connor Campbell financial analyst at Spreadex, takes us through how this is affecting the British pound/US dollar currency pair.
In a busy week for data, interest rate meetings and Trump's SOTU address, how is the benchmark US stock index looking? Connor Campbell financial analyst at Spreadex takes us through the key flash points.
With tech giants Facebook, Amazon and Apple all due to report numbers this week Connor Campbell, financial analyst at Spreadex, looks at what we can expect of these companies.
As the global battle to reduce the use of plastics in every life heats up we speak to, Michael Laurier, ceo of AIM-listed Symphony Environmental, which is leading the push to reduce plastic pollution from the 'old plastics' that are clogging up our oceans and threatening wildlife.
Paul Welch, ceo SDX Energy talks to Malcolm Graham-Wood of Malcy's Blog about the firm's onshore gas operations in North Africa. He talks us through the progress of its latest drilling efforts in Morocco and its plans for Egypt as well as the firm's offshore growth potential.
With US bond yields rising, stock markets slipping on Monday and the dollar weakness continuing, Tim Gregory, founder and chief investment officer of Vermeer, looks at how these mixed in with Trump's tax cuts, may shape the outlook for the US economy.
Craig Erlam, Senior Analyst at OANDA talks US economy. The Fed over the last few couple of years has given itself a stage in which it doesn’t need to pick things up too fast because it’s been raising rates. Due to the higher interest’s rates in comparison to other central banks, the Fed can afford to be slightly more patient. The dollar is falling out of favour as there will be far more movement in, for example the ECB, the BOE and even the BOJ. Craig Erlam discusses USD/JPY. Recently the 110 key support was breached,& we now seen it trading well below that level . Craig Erlam is keeping a close eye on this as he predicts a break out soon to the downside again .
Paul Wallace, Trading Coach & Founder of London Traders Network discusses getting into the right mindset going into 2018. Paul Wallace uses Ray Dalio an American Billionaire investor, hedge fund manager and philanthropist as a great example for this. He touches on his work ethics and as a founder of Bridgewater Associates how he handles his employees. One of Dalio’s main principals is “pain + reflection = progress”. As a trading coach Paul explains the importance of learning from the mistakes. Not to hide away but to evolve as a trader.
The last segment with Connor Campbell, Financial Analyst at Spreadex focuses in on 3 stocks; Burberry, Associated British Foods & Whitbread.
Connor Campbell Financial Analyst at Spreadex talks FTSE, with retail sales figure this Friday could see an impact due to the vast amount of retail stocks within the FTSE. Whitbread, Association British Foods and Burberry could also could influence this stock.
Connor Campbell Financial Analyst at Spreadex starts with GBP/USD, discussing the sharp climb it made at the end of last week. UK inflation figure out this morning too, this slight fall cannot distinguish any long-term reduction running into 2018. From a perspective of clients, Connor explains a pattern of buying and then sitting due to the consistency of this stock.
US Tax Reforms Passed, Catalan Elections and BoE olive branch to European Banks
Matt Brown Finance Editor at Core Finance joins Nick Batsford to discuss the major events of the day.
Market Mover US Tax reforms. With the bill finally passing it's way through the Senate, the markets have remained steady without any overall euphoria. If anything an element of relief as traders and investors now digest what they actually mean for markets. Not only this but the overall US and potentially global economy as a whole.
Catalan elections. With polls showing separatists and unionists level at this stage, without any over majority winner, the independence of Catalonia debate will continue. This having a potential impact on Spain and Europe.
Bank of England to allow European banks to continue to passport into the UK. Will this force Michael Barnier to backtrack on his stance for UK Banks to not be able to passport into Europe? Brown comments on how the Bank of England have stood above political infighting to offer a progressive solution to a post Brexit financial scenario.
FTSE one to watch Intercontinental Hotels Group (IHG), with a statement today saying that US tax reforms will reduce the companies tax bill. Brown comments on how the tax benefits may not actually filter down to the overall economy.
AIM one to watch Styles & Wood. AIM listed stock recommends a cash offer. Will further consolidation be needed in the support services sector in 2018?
Also Discussed: With the pound flat and many other FX markets displaying little volatility, volumes and moves are expected to be slight.
ASOS - broker upgrade from RBC, how will the stock perform in 2018 with threats to competition?
Core Number: £1.4 billion expected to be spent in UK high streets over the coming weekend as shoppers who have stayed away in December push spending up in a last minute dash.
With US GDP the only major data release today, traders will be looking to square off books ahead of the Christmas break.
Morning Show : Trumps Big Tax Win & Tesco Booker Tim Harrison, Head of Wealth Management at Linear Investments speak to Core Finance Presenter Matt Brown about the key market moving news of the day.
With the US Tax reform in the final stretch and expected to be completed this side of Christmas, the markets are trading flat as the final touches are added or amended to the bill. Harrison talks about the expectation that the bill will help improve corporate earnings and the expectation of a continued rise in the fortunes of US equity markets over 2018.
With the UK's Competition and Markets authority giving Tesco the green light for it's merger with wholesaler Booker, what does this mean for the end consumer and market share for competitors? With a tough year for UK retailers as a whole, could 2018 lead to more consolidation in the sector.
Broker Change: with a downgrade of Shire Pharmaceuticals by Liberum, Harrison notes consolidation in the Pharma sector and the potential of Shire being eyed up as bid target.
Finally with little in the way of macro data to move markets, Brown and Harrison look at the PNC Christmas Index related to the "twelve days of Christmas" song... guessing what of it's constituent members has the greatest cost value.
Morning Show: Barnier on UK Banks, Twitter outperforms & US Tax reforms edge closer. Matt Brown, Finance Editor at Core Finance speaks to Nick Batsford about the bigger market moving events of the day.
With Michael Barnier stating UK Banks will not have a bespoke deal in a post Brexit environment, is the E.U. trying to hamper the business of the City of London? How will this impact jobs and services in the capital? Twitter outperforms in the US overnight, boosted by a "top pick" recommendation from JP Morgan for 2018 and the roll out of controlling extreme tweets. With the full backing of streamlined US tax reforms from Senators Lee & Collins, the chance of a vote passing through the US houses in the next day or two has risen, if passed, the expectation that Donald Trump will sign off the bill as early as Thursday.
FTSE Stock to watch - London Stock Exchange With an EGM called day to vote on the future of Donald Brydon, with expectations he will remain at the helm following the departure of Xavier Rolet, it is unlikely that TCI head Sir Christopher Hohn will be in attendance.
AIM Stock to watch - Nichols Soft drinks maker updates the market. The Vimto brand owner has seen sales grow but supply chain issues in getting products in Yemen have taking the fizz out of the update.
Broker update AB Foods, owner to Sector perform from Outperform. Moving it's target price of the Primark owner down to 3100p from 3500p
With a light macro diary ahead, the key focus today will be on US tax reforms again. The market expectation of a bill being passed before Christmas.
Morning Show - Bitcoin on CME, US Tax Reform and Brexit talks Finance Editor, Matt Brown speaks to CEO Nick Batsford about the major market headlines of the day.
Starting off with the launch of Bitcoin on the CME, Brown talks about the continued rise of the Cryptocurrency. Also how the launch on the on the CME will help add liquidity for trading. This is as the exchange derives it's pricing off multiple exchanges. US tax reforms edge closer, boosting global equity markets. However an out and out Santa rally may not happen this year. Equities may push higher over the coming week with little in the way of macro data to take the shine off equity bulls. Theresa May is enjoying a positive response, with EU leaders agreeing to take Brexit talks to the next phase. Some Tory party members are calling for May to remain as PM for the coming years to help with a smooth transition for Britain's exit from the European Union.
Just Eat Group With it's first day of trading as a FTSE 100 index member, Brown comments on the rise of the company since it's 2014 flotation, noting the market capitalisation of Just Eat now greater than FTSE stalwart Sainsbury's.
Plus 500 Plus 500 is suffering today, as with other CFD and Spreadbet providers, after the ESMA updates on it's review of retail leverage providers. Brown notes that the big winners could be the major players including CMC and IG may benefit from the restrictions impacting new entrants to the market.
Core Number Core Number with 35 million gallons of sparkling wine and champagne consumed in the UK in 2016/17. Brown comments on the change in UK drinking tastes.
Looking ahead to the economic data releases, with little to move markets, focus will remain on US Tax reforms as the major driver for markets today.
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Tim Harrison, Head of Wealth Management at Linear Investments talks to Matt Brown, presenter at Core Finance about the major market moving events.
With the Fed raising rates overnight, focus falls on the dot-plot for 2018 and 2019. With little changes, the USD has retreated. Harrison notes the strong performance of US-led global markets. Focusing on how the continuing bull run can continue, spurred by reinvesting from long term shareholders and the boost from US tax reforms. Stocks in focus include:
Sportdirect : With Mike Ashley focusing on the sale of Newcastle, has this impacted the performance of Sportsdirect. In an update to the market, the shares have sold off as numbers disappoint. With an increase in debt and FX headwinds.
Lonmin : With a proposed takeover being supported by the board the turbulent years for Lonmin shareholders maybe over as Lonmin agrees to £285m takeover by Sibanye-Stillwater
Steinhoff: the South African based company and owner of UK based Poundland has to reinstate recent financial reports can the company survive? With Investec stating it may have a 3% negative impact on it's profits.
Bovis Homes : with a downgrade to underweight from JP Morgan, do directors dealers indicate a buying opportunity?
Looking ahead to US retail sales data and Bank of England and ECB rate announcements. These will be the key focus drivers for the trading day.
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UK inflation beats but Bank of England unlikely to react Matt brown, Financial Editor at Core Finance joins presenter Colin Lloyd to discuss the major market moving events of the day. After the the CPI showed a higher than expected print of 3.1% for year on year in the UK, brown comments that the Bank of England will be looking more closely at the core inflation data that hasn't moved in the last four months. Lloyd and Brown also discuss the comments from Trade minister Liam Fox regarding Britain expecting similar trade deals with the EU as they currently have in place, brown comments that this is unlikely to happen and the EU will look to have less favourable trade deals for the UK to discourage other member states from leaving the union.
FTSE stock to watch - Morrison's supermarket's are trading lower today as Kantar data states that competitive supermarkets Aldi and Lidl have seen sales growth of 15% over the reported 12 week period.
Youngs Brewery, the AIM stock to watch has seen a boost from broker JP Morgan, upgrading the brewery and landlord
Broker - Britishland initiated by Barclays and how further consolidation maybe taking place in the UK commercial property sector.
Core Number +7.7% the the consolidated expected return for the S&P 500 in 2018. Will the current bull run become the biggest in history?
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Brexit & Bitcoin the main talking points today Matt Brown, Finance Editor at Core Finance speaks to Nick Batsford regarding the major market movers at the start of the trading week.
Brexit, having been a major driver last week is again in focus, with headlines stating David Davies, the UK Brexit Minister indicating the deal struck next week might yet unravel. Especially if a trade deal is not agreed in the coming weeks.
With Bitcoin futures now trading live on the CBOE, what does this mean for the short term outlook for Bitcoin traders, with increased volatility making investors nervous
FTSE stock to watch : With BAE Systems benefiting from a £6 billion pound Qatari contract for the Eurofighter Typhoon jet. Does this indicate unrest in the Middle East and how will that impact the oil price
AIM Stock to Watch - Time Out, as the City Guide group opens it's 3rd Food and Drink market, how will this benefit the Time Out group and is the future of the company going to be more focused on the ever growing high margin entertainment business.
With the pound currently stable and little in the way of major macro drivers, investors will be looking ahead to the US Fed Meeting on Wednesday and announcements from the Bank of England and the ECB on Thursday for direction.
Brexit & Bitcoin the main talking points today Matt Brown, Finance Editor at Core Finance speaks to Nick Batsford regarding the major market movers at the start of the trading week.
Brexit, having been a major driver last week is again in focus, with headlines stating David Davies, the UK Brexit Minister indicating the deal struck next week might yet unravel. Especially if a trade deal is not agreed in the coming weeks.
With Bitcoin futures now trading live on the CBOE, what does this mean for the short term outlook for Bitcoin traders, with increased volatility making investors nervous
FTSE stock to watch : With BAE Systems benefiting from a £6 billion pound Qatari contract for the Eurofighter Typhoon jet. Does this indicate unrest in the Middle East and how will that impact the oil price
AIM Stock to Watch - Time Out, as the City Guide group opens it's 3rd Food and Drink market, how will this benefit the Time Out group and is the future of the company going to be more focused on the ever growing high margin entertainment business.
US Tech into Banks Rotation, Brexit DUPed and CBOE Bitcoin Matt Brown joins Nick Batsford to discuss the major market moving events including: Post Senate approval of Trump Tax reforms US investors are moving from Tech stocks into Banks, although this is seen as healthy and fund managers will be looking for value into year end and taking profits from strong performing US Tech sector.
After Brexit talks stall, following the 11th hour sideswipe from the DUP, how can Prime Minister May now revitalise the talks and bring the DUP into the fold. The pound will react accordingly to Brexit related news and may rally if a deal is agreed.
Bitcoin gets the greenlight from the CBOE to begin trading on the 5th December 2017, what will this mean for the crypto currency as JP Morgan says Bitcoin could be as big as gold.
FTSE one to watch - struggling today in the FTSE 250, Provident Financial announces it's MoneyBarn is being investigated by the FCA adding further woes to a company that has under performed this year.
Character Group - owner of rights to Peppa Pig and Teletubbies, updates the market ahead of the key Christmas period.
Tesco - with an upgrade from Goldman Sachs, the stock is outperforming today.
Core Number - 800 jobs to be lost at Toy R US in the UK. Following the announcement of 800 jobs to be created by Facebook in the UK. The business model of large warehouse retail in the UK is no longer as viable.
Finally, looking ahead to the days macro economic announcements, with a light diary, focus will be on Brexit, post tax reform asset allocation and Bitcoin.
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Bitcoin
Clem Chambers, Founder & CEO of ADVFN gives a brief overview of Bitcoin in the last week. How "it crashed and then it un-crashed!" Clem describes the last week as "amazing" with the ups and downs of the Cryptocurrency. It only just went back up to its previous highs after its crash. Clem suggests that this is the people in Asia who are buying heavily into Bitcoin and may have something to do with Korea. In particular, people in Japan and South Korea are stocking up on it "as if it were Gold" to prepare for whatever may happen with North Korea. Clem believes a lot of people in Asia are using the Cryptocurrency like Gold at the moment. Clem also mentions that there are a lot of sellers in America and the UK. The price has gone from 13,000 down to 9,000 then back up to around 11,000/12,000 all in one week! An extremely exciting time for Clem.
Clem Chambers mentions the Bitcoin divide between people who get it and those who don't. Those who don't thinking the other side are mad for either believing in it and vice versa. The British government are now starting to "get Bitcoin" and moving into regulation of the Cryptocurrency. This is good news for the Cryptocurrency as it means normalisation, and this normalisation will bring a lot more value to the currency.
What people who don't use Bitcoin do not understand is that it is better money, according to Clem. Clem lists some examples of how the Cryptocurrency has been more efficient for him in international transactions of significant size.
Clem also shares his opinion with viewers on what the futures exchange could mean for the main Blockchain currency.
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Markets have had a boost as US Senate passes the tax reforms bill. This is good for the Trump administration and US tax reforms have helped boost the markets. European markers are also performing very well. We have also seen Crude Oil fall, on the back of OPEC agreeing to keep production cuts for 2018.
Unsurprisingly, Bitcoin keeps moving to the upside. Matt and Rob weigh up whether it is a positive or negative for Bitcoin to have regulation. Concluding with Matt Brown noting it is actually a positive for the Cryptocurrency.
FTSE one to watch
Sky: Disney have been looking into 21st century Fox. Fox already own 39% of Sky. It is likely if Disney do agree a deal, that they may take the Sky holding. Matt believes this will be interesting to see how Disney would move into this area. Stock is trading up 2%.
AIM one to watch
Lionsgold. Watch the video to find out what this company does and why it is the AIM stock to watch today.
Also discussed in this segment
GBP/USD & EUR/GBP outlook weakness on the back of Dollar Strength. Key meeting to watch out for today on final the Brexit bill which consequently could move the Pound. Could see a lot of volatility today.
Broker Recommendations - Rentokil
Core Number is 800. Facebook looking to add 800 jobs.
Economic Calendar
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US tax reforms are in focus for Matt Brown this morning. Nick Batsford highlights that the average S&P 500 company pay 28% corporation tax, and they are looking to pull it back to 20%. Matt Brown, Finance Editor says it looks like a vote may go ahead today or tomorrow, to finally get the US tax reforms though. Banks rallied in the US yesterday, but then Tech stocks pulled back, especially Apple. However, Tech stocks have been fantastic this year regardless. The US tax reforms are supporting the market.
Also there have been some strong China manufacturing data this morning. Matt also then gives some advice for Bitcoin traders.
FTSE one to watch
Aviva insurance is doing really well and have had numbers out this morning. Watch the video to find out what numbers they have released this morning and why it is ticking the boxes for a good investment!
AIM one to watch
Serica Energy is the AIM one to watch today, as it has come back to the market after being suspended. Stock is trading up around 70p. Oil fields are going to bring a significant increase in reserves and production.
Also discussed in this segment
GBP/USD & EUR/GBP - Pound on the move to the upside
Broker Recommendations - Babcock International
Core Number - 40% increase in Just Eat share price
Economic Calendar
UStaxreforms, #tax, #reforms, #us, #bitcoin, #trading, #usa, #uk, #ftse, #aim, #FTSE, #AIM, #aviva, #GBP, #USD, #EUR, #GBPUSD, #MattBrown, #CoreLondon, #CoreFinance
North Korea and Bitcoin going ballistic Matt Brown joins Nick Batsford to discuss all the major market moving events. These include : Bitcoin, North Korea, Royal Wedding, Brexit deals, U.S. Tax reforms and the FTSE.
Brown discusses the the rise of above Bitcoin above the key $10,000 level and how with North Korea launching another ballistic missile how Bitcoin could be seen as a safe haven play. The impact of the Royal Wedding, will it help improve UK GDP in 2018. US Tax reforms are on the edge of being agreed in the Senate, maybe as soon as this Thursday.
The Pound had strengthened as reports that Britain is close to agreeing a Brexit Divorce deal settlement
Stocks to watch include : London Stock Exchange - with Xavier Rolet stepping down after Mark Carney suggests he leaves. ECSC updates the market with a recent trading statement and Polymetal is upgraded by UBS.
Additionally, Brown highlights the intention for Oxford University to raise £250 million through a Bond Issue
Finally, Brown and Batsford look ahead at the key data releases today.
NorthKorea, #MissileTest, #Bitcoin, #$10000, #LondonStockExchange, #ECSC, #CyberSecurity, #OPEC, #GBP, #Brexit, #Polymetal, #UBS, #MattBrown, #CoreLondon, #CoreFinance
There is lots to discuss in the headlines that could move the markets, including Korean missile crisis, Bitcoin about 10,000, Donald Trump & Tax Reforms and of course, Brexit.
Craig Erlam, Senior Market Analyst at OANDA is interested by the fact there is so much going on at the moment, but if you look at the market you wouldn't know it. This is because they have become, what Craig describes as, immune to so many things. A prime example is the US Tax Reforms. This is a major bill and something that potentially can have a big impact on the economy and the consumer. Craig thinks, because it has been spoken about for a while and was also priced in while ago, markets do not move because of it.
We are looking at old stories that are resurfacing. Like the Korean missile threat and of course, the story that just won't go away - Brexit!
We have however seen a bump higher on the Pound on the back of the proposed Brexit bill. Craig believes that 45 - 50 billion, will be rejected.
Bitcoin for Craig, is the most interesting story at the moment. It is starting to get into the main stream media, and everyone is talking about it! 900% rise since the start of the year, which is an absolutely massive rise. Blockchain will revolutionise many industries, Craig believes, but he questions whether or not Bitcoin will survive.
Watch the whole of the segment for the full detail and as they look into what are investors thinking and how Craig's clients are thinking as we come to the end of the year. Also discussed is the rally over the last year and how this is effecting investors nerves.
Market Mover
The Bank of England passes all seven major banks in the UK stress tests.
RBS & Lloyds had a few issues, but they got there in the end which is the important thing. These stress tests if in case we have a Hard Brexit and the banks are not as strong as stable as they should be, says Matt Brown. Stocks have not moved as a result as a consequence of them all passing the tests. Matt believes if one, especially RBS had failed we would have seen a drop in the market. Although they have passed, Matt and Nick are not filled with confidence!
FTSE one to watch
Ocado have announced the long-time coming deal with the French Supermarket group, Group Casino. The stock is up 20% on the back of it.
AIM one to watch
Shareholders are happy this morning a the stock is up 42% this morning. Listen to the segment to find out why this stock has had such a big jump upwards.
Also discussed
GBP/USD & EUR/GBP Outlook - Everything stuck in ranges Broker Recommendation - Easyjet to Hold from Sell Core Number - 10,000 Bitcoin, pushing to this level Economic Calendar
Market Mover - Bitcoin
Another huge move in Bitcoin over the weekend, up 13%. Very fast market, bulls are very happy! All other cryptocurrencies also moving up. Markets generally are slightly risk-off at the moment, however equity markets starting to edge to the positive side this morning.
Also touched on is the Chinese market and high yield debt. Watch the segment to find out how this effecting other markets and why China could be the driver this week.
FTSE one to watch
AVIVA - They are going to engage in a 1 billion share buy back. Does bring up the question, of why are they buying them back?
AIM one to watch
Angling Direct, nice write up in the Sunday Mail and the is stock trading up about 4-5% off the back of it. Its numbers have not been great recently, but the Daily Mail seems to like them! You can read more about this here.
Also discussed in this segment:
GBP/USD & EUR/GBP Outlook - look out for Brexit comments this week
Broker Recommendation - SIG
Core Number - Bitcoin is ranked 30th most valued currency in the world
Economic Calendar
Bitcoin, #Currency, #Cryptocurrencies, #Blockchain, #BullMarket, #China, #Finance, #Trading, #Broker, #Barclays, #Aviva, #AnglingDirect, #SundayMail, #CoreLondon, #CoreFinance, #MattBrown
Announcements from China tend to be overlooked, says Ben Kumar, Investment Manager 7IM. The government is saying to equities markets and speculative traders in China, "we are worried about the credit expansion and the run-up in asset prices". Chinese markets have fallen 3% as a result and they have done it at a time where other markets (US & Japan) are closed for holidays.
The main catalyst for shocks in the market has been China and Chinese government policy. It becomes difficult to predict whats going on says Ben. However, you can react to it. Big 3% market moves will panic traders, depending on how it has moved since they have left.
Investors seem to have been waiting for a pullback, according to Ben. This news from China may be what causes them to get out of the market at the moment.
For Ben Kumar, the main concern is volatility being transferred from China to US Tech companies that have kept this rally going. If China goes down, and China tech goes down it will have a knock on effect - and tech may consequently need to be re-rated slightly. This transition mechanism might be dangerous.
Lots people are incredibly long on US tech stocks, and if say, Apple was to drop 5% it consequently would take out a lot of the index. This could hurt investors. If something is wrong in China internet space, it probably is in the US too. Listen the full segment to hear Ben's full analysis of the China/US Tech stock situation.
China, #USA, #America, #US, #volatility, #Tech, #TechStocks, #Chinese, #ChineseGovernement, #7IM, #BenKumar, #CoreLondon, #CoreFinance, #MattBrown
Ben Kumar, Investment Manager, 7IM & Matt Brown discuss the Budget, government policy, the UK economy and Brexit. Ben thinks it is a budget that contained very little information, and he thinks this is because there is very little information for the government to work with.
Kumar says the Office for Budget Responsibility downgraded UK growth forecast. They downgraded according to statement by them because they don't know! They say the government are not giving them enough information. When they don't have any idea, Ben worries if the government even has a plan moving forward.
Matt Brown & Ben then go on to talk about the possibility of the government having different scenarios prepared for different Brexit situations (i.e Hard/Soft Brexit) However, they haven't even prepared that!
OVR predictions are also discussed.
"No one really minded about the budget - the big game is not government policy, it is Brexit" Ben thinks we are maybe over focusing on it. Ben explains why Brexit needs to be the priority for the country. Find out what else Ben Kumar has to say in this clip.
BenKumar, #7IM, #Brexit, #MarketTalk, #GDP, #Government #Policy, #7IM, #Budget, #PhillipHammond, #HardBrexit, #SoftBrexit, #OVR, #Growth, #OfficeforBudgetResponsibility
UK GDP, Thanksgiving, China Debt and The Budget driving markets
Tim Harrison Head of Wealth Management at Linear Investments joins Matt Brown on the Core Finance Morning Show to discuss UK GDP, the U.S. Inflation Slowdown, the fallout from Hammond's Budget including the outlook for the UK Housebuilders. Stocks covered include:
Centrica - owner of British Gas post weak numbers, seeing the stock decline on the back of reduced customers. However, with Centrica maintaining it's current dividend, this will be some solace for income traders.
Accor - The toilet paper manufacturer listed on the AIM. Harrison explains the recent issues with the company and highlights the lack of investment by directors in the recent capital raising
Royal Dutch Shell - Downgraded to hold from buy by HSBC, have the major oil heavyweights outperformed too strongly this year?
Harrison provides an update on the Core Number - with traders paying attention to the England v Australia Ashes Test
With a Thanksgiving Holiday in the U.S. today, Harrison notes the lack of volumes in the market. Finally, the lack of any major macro data means markets will lack direction today.
UKBudget, #Housebuilders, #RoyalDutchShell, #Accorl, #ChinaDebt, #Brexit, #Pound, #Centrica, #TimHarrison, #LinearInvestments, #Cricket, #WealthManagement, #MattBrown,
US markets are going from strength to strength, and in a relentless Bull Market. Tim Harrison, Head of Wealth Management at Linear Investment. joins Matt Brown. The recent issues of tax reforms do not seem to effecting the markets. They just keep on going up and up. Companies are also progressing, so as Tim describes it there is "an element of euphoria in micro economy". However there is potential of the US stepping into rescission, so with the markets at all time highs Tim suggests the economy may not as good as everyone thinks. This dynamic in the US markets has helped the FTSE and European markets maintain some forward momentum.
Many have suggested this bull-market was meant to end a long time ago, so no one knows really knows when it is going to! Tim says it is a grind and a relentless bull market. At some point one would suggest we will see a pullback but seems to be continued buying momentum.
Also discusses is the UK Budget - an outlook looking key focus on the housing market.
FTSE company to watch is Mediclinic. They launched their offer for spire health care a few weeks ago, having already a stake in the company. The market did not react pleasantly to this! Tim asks, have the good days been and gone for these type of companies?
The other stock discussed in this segment is SIG. Watch the segment to find out what the company does and why it is the AIM stock of the day to watch.
Also discussed in this video is:
GBP/USD & EUR/GBP Outlook Broker Recommendation Core Number Economic Calendar
Markets, #USMarkets, #Stocks, #Highs, #Alltimehighs, #BullMarket, #Bull, #Bear, #USA, #America, #Budget, #TimHarrison, #MattBrown, #CoreLondon, #CoreFinance, #LinearInvestments, #WealthManagement, #Pound, #GBP, #USD, #EUR, #GBPUSD, #EURGBP, #Broker, #36million, #budget,
UK Budget preview - Hammond may have more cash to play with
Shaun Richards of Not a Yes Man Economics talks to Matt Brown about the UK Budget, Bank of England and OBR latest statistics. Ahead of the Hammond's first Autumn Budget, Richards talks about the Bank of England requesting an extra £25 billion to use for the UK Banks. This due to the economy being stronger and therefore lending is increasing. Richards questions the thinking behind the increase and should it be seen as a positive or negative for the UK Economy. With the Bank of England raising rates and yet banks may now offer cheaper mortgages. Will the extra funds trickle down to unsecured debt and car financing agreements.
Richards discusses the boost to house-builders and how Hammond may actually have more cash to spend and commit than some commentators had previously thought. Will Hammond deliver a blockbuster budget? How will markets and voters react to productivity predictions for the UK Economy in the future.
UKBudget, #Budget, #PhillipHammond, #HousePrices, #BankofEngland, #BoE, #ShaunRichards, NotAYesManEconomics,
In the face of political uncertainty sterling is proving to be resilient. Jeremy Stretch, Head of G10 FX for CIBC discusses its performance and tells us that it has been oscillating north of 1.32, nearer 1.33. He is interested to see what the MPC policy makers are going to underline in their current testimonies. Some of the MPC members are very vocal in the need for additional action.
In the context for the political and macro-economic dynamics; there are still more headwinds than tailwinds for Sterling in the short term. Jeremy is looking at the upcoming EU leader summit in December; if there's not going to be any movement on trade and transitional deal, then Sterling is left very vulnerable. The UK government could get EU to discuss trade on the basis of financial obligations.
There is however a risk of the trade and transitional deal getting kicked into 2018. Overlaid with the German political risks, the UK is up against it. Sterling rallies are worth selling in to. The price is at the mercy of the scenario of a cliff edge exit. If we start to see that moving up the agenda, then we will see Sterling under perform. Jeremy believes that Sterling will continue to under perform against the dollar next year. We won't see capitulation back to 1.20. We are more likely going to see levels in the upper 1.20's.
It is better to play sterling weaknesses against the Euro than the Dollar. We can see EUR/GBP at 0.94 / 0.95 in the middle part of next year. If you are looking for risk of scenario's Jeremy suggests looking at GBPJPY. Good news for UK exporters, but the news has to be kept in context.
Sterling, #GBP, #Pound, #UK, #MPC, #MonetaryPolicy #Committee, #BankofEngland, #Euro, #EUR, #Dollar, #USD, #DXY, #JeremyStretch, #CIBC
Canadian Dollar
We have seen extreme volatility in the past 3 months. Run up to the upper 1.30's down to lows of 1.20. We are still in the scenario where rate spreads are negatively affecting Canada. We have seen the Canadian Bond market outperforming as of late. Jeremy Stretch, Head of G10 FX for CIBC believes the Canadian Bond market has further to run; so this suggests that the CAD has further downside.
Markets are still long Canadian Dollar, there is however a need to clear out some of those positions. The Bank of Canada are on hold with more rate moves until April/May next year. That will allow us to see the Canadian Dollar under perform.
Australian Dollar
We have seen a market which has been looking for a degree of repreciation. We have seen the market is relatively relaxed about the RBA outlook. Looking at some of the comments from Governor Lowe, it does not seem as though he believes the rates need to move in the short term. He is discussing the necessity to monitor wages, this is a factor that will come up in the next 3 to 6 months.
Markets are underplaying the probability of a possibility that the RBA will be forced to consider undertaking a tightening of the markets than the markets are currently discounting. In a world where we are looking for global synchronised growth, countries which are open and commodity oriented will benefit. The current levels look cheap. AUD is looking very bullish.
CAD, #CanadianDollar, #AUD, #AustralianDollar, #JeremyStretch, #CIBC
Angela Merkel signals that she could opt for a new public vote. This however has not caused as much market disturbance as one would assume. Jeremy Stretch, Head of G10 FX for CIBC takes us through the situation and why the markets are acting as they are.
The announcement did indeed catch the markets off guard. At the start of the year markets were terrified by political uncertainty. The French and Dutch elections particular highlights. However after those elections, the markets relaxed and assumed that the German elections would be very dull.
But 6 weeks on from the election, and there is no government in place. There is increasing speculation that there could be another vote in March or April, therefore any subsequent negotiations would create a political vacuum. Consequently this has taken Euro lower, but not any substantial moves lower.
Markets assume that there will be some form of resolution. We are not in a situation where we will see her lose power yet. But the markets are beginning to consider Merkel stepping back sooner than anticipated. Ultimately it is not a situation where the political risks are so large that investors are running away yet.
This will be a situation that the market will continue to monitor for a while. Granted, if there were to be a situation where she steps down then that would be a paradigm. The markets interpretation of the Eurozone is Merkel at the top. Standing as the bastion of stability and keeping it all together.
AngelMerkel, #Germany, #Euro, #EUR, #DAX, #CDU, #AfD
Brexit and Europe moving markets
Matt Brown speaks to Nick Batsford regarding Brexit and European woes moving equity and FX Markets. Brown highlights comments by Barnier and Prime Minister May uniting her Government to agree a level for the Brexit divorce bill. Brown discusses how 20 Investment Banks are lining up a rival clearing house in Europe and what that means for the UK and it's financial businesses.
FTSE Stock to watch -
Easyjet after reporting inline numbers, despite profits being lower are discussed by Brown and Batsford, headwinds may include currency fluctuations and the rise in oil due to OPEC production cuts.
AIM Stock to watch -
The City Pub Company, with an IPO on Thursday. Brown discusses the success of the placing and how this will boost the cash available to the company. The pound is moving up against the Dollar and Euro but with a Budget due and Inflation data out in the later week. Will is still continue to trend higher?
Finally, Brown discusses the under-performing French arm of Kingfisher, highlighted in the latest results.
Finance, #Money, #Economy, #Trading, #Trader, #Investment, #Investor, #Euro, #Brexit, #EasyJet, #TheCityPubCompany, #FXMarkets, #FX, #Pound, #Sterling, Kingfisher
EURUSD 'Choppy' over coalition talks, USDJPY bearish outlook Ryan Littlestone, Trader & Analyst at Foresflow.live speak to Matt brown about the choppy trading in EURUSD and the potential bearish outlook for the USDJPY. Littlestone highlights the ongoing coaltion talks in Germany and how the discussions have been weighing on the EURUSD. With Merkel trying to broker a three-way Jamacian Coaltion deal comments from minority party the FDP are dictating where the Euro is going. Littlestone is bullish overall on the EURUSD pair but there are also short term trades to be had at key levels.
With the USDJPYpair showing recent weakness but still in a trading range, Litlestone notes the selling pressure has been released for now but sellers are still hitting bids when the pair moves higher.
Clem Chambers, Founder and CEO of ADVFN joins Matt Brown on Core Finance to talk about the equity markets. Markets are currently in a bearish mood which is similar to last year when Donald Trump was about to win the election. Clem points out that the markets seem to be doing the same, and if they follow the same pattern will give a good run up to Christmas.
Clem also points out that reverse QE has caused the markets to go up over the long term. He also points out that there is meant to be another interest rate rise in America over the coming days. On a medium term basis Clem is bullish with a two or three year end run for the current bull market. Clem states he is bearish in the short term and bullish in the medium and long term, but may have a rough road to the new year.
Clem says that QE has been a success, explaining that QE works by feeding in through your property price with the money going into the system through property and asset price.
Matt Brown talks to Clem Chambers, CEO and Founder of ADVFN to discuss Bitcoin as it reaches the 8000 dollar mark compared to other cryptocurrencies. Clem points out that Bitcoin has reached over six thousand pounds a coin and says the market will see ten thousand dollars very soon. Despite this some of the alt coins are also moving because of the interest in alternate versions of Bitcoin. However Bitcoin has become stronger since the introduction of the alt coins, which has sucked money out of the alt coins and back into Bitcoin. With many traders having returned to Bitcoin, liquidity has been drained out of smaller cryptocurrencies.
Clem points out that the overall market cap of the sector is still small around two hundred and fifty billion. He suggests that reaching a trillion would not be a big stretch and thinks it will arrive there in a short order.
Clem also highlights how Bitcoin, cryptocurrencies and Blockchain are attracting huge media attention but says that the bad news is Bitcoin is still rather small.
There is a lot to grab hold of this morning and look at in the markets, we have:
Merkel's problems over in Germany Mugabe over in Zimbabwe Bitcoin breaking through 8000 We have all of this headline news and yet the markets are a bit "jittery" this morning, says Tim Harrison, Head of Wealth Management at Linear Investments. This is ahead of the budget later this week and general "tentativeness in the run up to Christmas"
In terms of stocks or sectors to look out for in the budget Tim mentions 2 areas that we should look out for:
The self employed The property sector Listen to the segment to find out why these sectors are effected.
Tim doesn't see anything really exciting at the moment coming out of economic data or company reporting. There are a few stocks however that Tim mentions to look out for...
Markets, #MarketTalk, #Investing, #Trader, #TimHarrison, #WealthManagement, #LinearInvestments, #Trading, #Budget,
German politics is directing the markets this morning and it's not good news for Angela Merkel. The 3 party coalition deal has all fallen apart. The FDP have now pulled out of the coalition talks. This now means further talks could now continue and there may even be another election in a couple of months says Finance Editor Matt Brown.
This latest issue in German politics means the Euro and the DAX are down. This may also effect the Brexit negotiations as Merkel may lose some ground and strength.
Bitcoin is up at $8000 this morning! Has had a bit of a roller coaster ride as Matt calls it. Trading at all time highs. Also touched open is in Zimbabwe political situation.
William Hill is the FTSE stock of the day, and it is trading a little bit better than expected. It has boosted growth and revenue to about 28% in last 7 weeks. The Mayweather & Mcgregor fight really helped boost this stock and given them a nice little lift.
AIM one to watch is Accrol Holdings and it is down 60%. Watch the full segment to find out what health and safety breach cost them a few million!
Also discussed in this segment is
GBPUSD & EURGBP Outlook - what to look out for this week Broker Recommendation - BooHoo.com Core Number - 5 Billion as we compare an AIM and FTSE companies market caps. Economic Calendar
GermanPolitics, #AngelaMerkel, #FDP, #Coalition, #UK, #Germany, #DAX, #EURO, #Eur, #EURGBP, #GBP, #GBPUSD, #EUR, #USD, #WilliamHill, #Bitcoin, #$8000, #Zimbabwe, #FTSE, #AIM., #Pound, #Dollar, #Trading, #Investing, #Trader, #Investor, #MattBrown, #CoreLondon, #CoreFinance, #AccrolHoldings, #AccrolPapers, #BooHoo, #M&S, #MarksandSpencer, #ASOS, #MarketCap, #Broker, #RBS, #Budget, #PhillipHammond, #DailyMarketShow, #Brexit, #Negotiations, ,
It is going to be one of those weeks where portfolios will be down on the week... but they have had a stellar year! Hedge fund managers will start to focus on the end of the year now, says Matt Brown, Finance Editor at Core Finance. Also, US Tax reforms are allegedly being pushed forward, so the markets are waiting to see if this will happen.
FTSE one to watch is Carillion, they have had their third profit warning and the stock is down 60%! Not a very pretty story...
Today's AIM stock to watch out for is Angus Energy, another company with a bad day at the office! Stock is off around 35% Listen to the segment to find out why.
Also discussed in today's Daily Market Show is
GBP/USD & EUR/GBP Outlook Broker Recommendation Core Number Economic Calendar Listen to the full segment to find out more!
Portfolios, #HedgeFunds, #HedgeFundManagers, #Stocks, #Shares, #Carillion, #AngusEnergy, #GBP, #USD, #EUR, #GBPUSD, #EURGBP, #313, #Brexit, #FTSE, #AIM, #CoreLondon, #CoreFinance, #MattBrown, #USTaxReforms,
UK Retail Sales, US Tax Reforms, Royal Mail, Greggs, Jesus & Da Vinci
Matt Brown Independent market Analyst talks to Nick Batsford regarding UK Retail Sales, US Tax Reforms, Royal Mail, Greggs, Jesus & Da Vinci.
Brown talks about the slowing appetite for risk in Equities. The US Dollar as a result of delaying US Tax Reforms. UK Retail sales are in focus as sales data beats expectations, helping lift UK retail stocks.
In focus are numbers from Royal Mail, an uplift in dividend has helped the stock move higher but half yearly results show a drop in Royal Mail's parcel division, although an uplift in it's GLS division has helped. The Christmas period will be vital for Royal Mail's yearly figures. AIM stock Metal Tiger is covered with Brown noting it's recent push to remove the board of Australian listed Kingsgate.
Brown highlights the recent auction of a valuable Da Vinci painting, sold for $450 million dollars. He also covers the recent uproar over Greggs the baker replacing Jesus in a nativity scene with a sausage roll. Finally, looking ahead to today's macro releases, Brown notes the EU CPI data and Bank of England's Carney speaking as key focal points today.
Further Information:
To see more of the Daily Markets Show please click here.
Investing, #Trading, #Finance, #Markets, #RoyalMail, #Jesus, #SausageRoll, #DaVinci, #$450Million, #MattBrown, #MetalTiger, #UKRetailSales, #USTaxReforms, #Centrica, #Greggs, #RoyalMail, #Pound, #CoreLondon, #CoreFinance
Business acceleration, incubating companies and growth are all important elements for Andy Hasoon, Chairman of Milamber Ventures PLC.
Andy tells us about his business accelerator Milamber Ventures PLC. A company that focuses on companies in the educational, tech and media space. Milamber Ventures helps them in all aspects of their growth, allowing them to access their experienced team of ex MIT & Cambridge educated advisers. Andy wants to create the "WPP for education".
He moves on to explain how 90% of VC (venture capital) backed businesses fail. He highlights that the four stand out reasons for these failures.
To finish, Andy also talks about how our future teachers could be AI robots, and his meeting with a young Elon Musk just before he launched Tesla and Space X.
The global bond market compression story is a fascinating insight in to the global market. We discuss the latest with Bill Blain, Strategist for Mint Partners.
The Good We are seeing central banks moving in to macro alignment; globally, they are all starting to raise interest rates. They all see signs of growth. They are all beginning to anticipate that. Bill believes that we will see most of the world with higher rates next year. We are normalising and seeing the global economy expand.
Employment We are seeing employment constraints globally. We are seeing lots of firms struggling to hire. This shows the move from good to bad. Although we see full employment, we are not seeing wages rise. We have seen house prices outstrip wages. This shows a growing income inequality issue.
Are we moving to the inflationary mode? Looking at the yield curve, it is pressing. This would suggest inflation. We may be heading in to the next slowdown.
The Bad There is a wobble, people are asking whether or not we will be heading in to a recession next year. We are seeing a loss of momentum in the global stock market over the past couple of months. We have seen a slowdown in the Nikkei. Bill thinks that we will see a correction in the global stock markets, not a recession. They feel over valued. For more upside we need to see a dip.
The Ugly The bond decompression trade. We have seen Bond markets rallying so strongly since the global crash. The spreads between different risk classes however have massively compressed. Junk spreads are compressed to 200 basis points over treasury bonds! The safer end of the bond market however has widened significantly. Across the whole credit spectrum we are seeing concerns.
finance#money#economy#trading#trader#investment#investor#bond#yield#treasury#US10YR#inflation#central banks#unemployment#employment#nikkel 225#bond spreads#Bill Blain#Mint Partners
GoodBox - Doing well by doing good Andrew O'Brien - CEO and Founder of unlisted Goodbox speaks to Matt Brown with regards to how GoodBox are trying to revolutionise the Charity fund raising space. O'Brien discusses how GoodBox have developed charity collection boxes that allow for contactless payments, doing away with old fashioned coin and note collections. The cornerstone to GoodBox is the state-of-the-art technology that collects, tracks and monitors collection boxes. O'Brien highlights the expertise his team and company bring to the Charity fundrasing space and likens the arrival of GoodBox as similar to the introduction of JustGiving into the fundraising arena. O'Brien talks about his plans for the future of GoodBox and how the technology they have developed can be applied beyond the Charity Sector.
Finance#Money#Investment#Investor#Goodbox#Goodbox.com#Andrew O'Brien#Charity#Fundraising#NEX
Markets Stutter, UK Jobs data in Focus & Croydon Westfield Matt Brown, Market Commentator speaks to Nick Batsford about the Stutter in Equity Markets as US Tax reforms delay and investors review the bullish uptrend of 2017. As Trump's adminstration is still eager to push through corporate tax reforms. UK jobs data prints will impact the pound and how Croydon Council has given the go-ahead to a new Westfield shopping centre. Brown also discusses the Experian results and how the impact of cyber attacks have impacted rival Equifax despite Experian also having attacks of it's own. However, Experian do note regulatory and security risks going forward. Brown also covers posh wallpaper Walker Greenback's results and how a profit warning has caused a sell-off in the shares this morning.
Brown & Batsford also look ahead at US macro data releases, UK retail woes and discounts by Dixons Carphone ahead of Christmas. Finally Batsford comments on sell signals appearing in the equity markets and how this could be a prelude to a broad correction.
FinanceMoney#Economy#Trading#Trader#Investment#Investor#Croydon Westfield#Westfield#Croydon#Matt Brown#Trump Administration#UK Jobs data#Pound#Sterling#Zimbabwe#Experian#Walker Greenbank#Dixons#Dixons Carphone#Christmas discounts#UK High Street
UK Jobs data was released this morning, and they were pretty positive. However there is always a questions on wage growth and if we will see it increase. According to Shaun Richards, of Not A Yes Man Economics, the Bank of England raised bank rates last week as they see the prospects of wage growth being higher. He does however believe that the wage numbers have a lot of problems.
Unemployment has been driven down since the market crash, whilst wage growth has remained much the same. We see the occasional flicker or wage growth improvement. The self employed are ignored; as are the smaller firms in this data set. This causes an issue with the data points. The numbers cannot be as accurate as they suggest that they are.
Does the lower unemployment figures come through in wage growth? Will their be pressure of medium/large firms to push that through in 2018? Shaun doesn't believe it will happen. He argues that low unemployment does not mean increased wage growth.
The Bank of England has said that the UK Growth cap is 2%. However the UK economy is doing well, all things considered. We discuss the latest with Shaun Richards, Not A Yes Man Economics, and listen to his views on Forward Guidance.
We have a lot of different governmental bodies claim to improve situations; however they are wrong. For example the productivity numbers are positive, but this has been released when the BoE and the OBR (Office for Budget Responsibility) have stated that productivity will never rise again. This shows that when predictive bodies give up hope on a situation, the situation changes!
It changes the narrative on decisions made. For example, the top speed of the UK economy is stated to be 2%. However looking at the productivity numbers released this morning, must be wrong. The new numbers would suggest a larger growth increase.
Shaun believes that political weighting on possible situations colour their future thinking. For example Italy are currently viewed higher in terms of growth than the UK, however the UK have far outstripped Italy. The claims that the UK is the new sick man of Europe is entirely incorrect.
Retailer's make or break festive season and data dump in focus.
Market Mover
We have had a bit of a data dump this morning, with RPI, CPI, PPI all less than expected. Inflation numbers are not looking great, however the CPI is looking good. Matt notes this is the core figure that the BoE look at, so it might make Mark Carney feel a little bit better after the rate hike!
Again, the UK government and political issues is taking focus . The Pound has been selling off - and there is no reason to buy the pound, believes Matt. Also, the trade of correlation in a sell off in the pound and the FTSE pushing higher, is no longer happening and seems to have been pushed to one side.
Matt notes that investors seem to be putting their money into individual stocks instead, as there is little appetite for currencies and indices at the moment.
FTSE one to watch
The FTSE one to watch of the day is Tesco. There are two positive stories this morning. The Booker deal has been given the green light, which is great for them as they can focus on the integration finally.
Reports that market share is positive for Tesco also. This is positive for the company, leading up to Christmas. Matt believes we are gearing up to be a interesting festive period and it will be make or break for some retailers, high street stores and supermarkets!
2018 is going to be a key year for retailers says Matt!
AIM one to watch
Zoo Digital - AIM listed, stellar performance, 9p to 65p. Listen to this segment to find out what they do, and why they are doing so well.
Also spoken about in this segment is
Pound GBP./USD and EUR/USD Broker Recommendations Core Number Economic Calendar Further Information
You can see other episodes of the Daily Market Show by using this link: http://www.corelondon.tv/c/finance/london-show/
Retailers, #Retail, #Shopping, #UKRetailers, #UKRetailSales, #Tesco, #ZooDigital, #AIM, #FTSE, #Pound, #GBP, #USD, #EUR, #USD, #EURUSD, #GBPUSD, #Broker, #RoyalMail, #USA, #US, #UK, #PPI, #CPI, #RPI, #Inflation, #Politics, #Political, #Brexit, #CoreLondon, #CoreFinance, #MattBrown, #NickBatsford
Crude Oil is first discussed by Gaurav Sharma, Business Editor at the IB Times, and Matt Brown. Gaurav says over the last fortnight, we have seen on a week on week basis, we have seen Brent and WTI 2% higher. If you look further, you are seeing a trend that's been around since October. Watch the full segment to get an insight into Gaurav's analysis.
The main points of the segment are:
Oil price rally has weak fundamentals Rising US rig counts point to the theory that stronger oil prices triggers more shale exploration OPEC extending the cut is appearing 80% certain $10 geopolitical premium feasible if Saudi Arabia and Iran go to an unlikely war - Lebanon, Bahrain pipeline etc point to an escalation Further Information
You can see more from Gaurav on Core Finance by using this link: http://www.corelondon.tv/?s=gaurav+sharma
Oil, #OilAnalysis, #Price, #Indicators, #Fundamentals, #WTI, #WTIOil, #BrentCrude, #BrentCrudeOil, #CrudeOil, #IBTimes, #GauravSharma
Bitcoin Crash - What is Bitcoin? And will it continue to rise
Clem Chambers, Founder and CEO of ADVFN talks about the sell-off in Bitcoin over the weekend and why this happened. Chambers highlights the difference in the markets idea of what Bitcoin actually is. Is it a store of wealth or a currency?
Chambers notes that the creators of bitcoin see it as a store of wealth, yet owners are looking to use Bitcoin as a form of currency and therefore use it to transact with. Chambers highlights the creation and forks that have allowed bitcoin to be used a currency as a form of payment in exchange for goods and services.
However the transaction costs involved with using bitcoin as a form of currency have prevented and prohibited it's use for low value transactions. However, the introduction of Bitcoin Cash and Bitcoin Lite have made smaller transactions possible. Bitcoin can be used to pay for larger ticket items, where paying by cash is being prevented due to regulation and compliance restrictions.
Chambers notes the E.U. limits on cash transactions above €2,000 . Bitcoin is being used more by businesses to transact and is seen as faster way to exchange versus a slower banking system, allowing companies to provide goods and services to market at a quicker rate. Bitcoin owners have sold holdings to buy bitcoin cash, hence the former crashing and the latter rallying.
However, Chambers still sees the master Bitcoin reaching $100,000 per coin in the future. As a store of wealth this strengthens the case to own bitcoin. A lack of money in the system is creating a vacuum . Chambers is releasing a book over the coming days that will explain how to trade Bitcoin and other cryptocurrencies.
Further Information
You can see more videos from Clem Chambers by using the following link: http://www.corelondon.tv/?s=clem+chambers
Bitcoin, #BitcoinCrash, #BitcoinLite, #WhatisBitcoin, #WhatisBitcoin, #ClemChambes, #ADVFN,
Clem Chambers, CEO & Founder ADVFN talks to Matt Brown about the current political fall out in the UK Government, the calls for Prime Minister Theresa May to resign and who would take her job.
Those opposed to Brexit are trying to unseat Prime Minister May. This is coming at a crucial point in negotiations with the E.U. Chambers notes the weakness in the pound and how it is potentially oversold despite the performance of the U.K. Economy. Chambers has cash in his portfolio as he is aware of global financial risks when it comes to the unwinding of QE by Central banks. Discussing the EU, Chambers notes the EU will not accept separatist movements and devolution of power, using the recent development in Catalonia as an example.
It would appear the daggers are out for Theresa May! Political is the focus of this trading week according to Matt and Tim Harrison, Head of Wealth Management of Linear Investments.
The major effect on the markets is on sterling, which is being pushed towards 130. May even break through the 113 - 129 level. This is worrying for Tim, because at this moment in time, we really need political support behind our leader, so we can get the best possible Brexit deal.
However, Tim thinks there will still be a lot of back and forth to come. It is having an impact on markets this morning though.
Does this weaken May's hand at the bargaining table?
Matt believes the EU may see this as lack of strength and weaken her position. Watch the full segment to find out what Tim thinks about this, as the pair discuss the current state of the conservative party.
We need a strong government at the moment, behind Theresa May. Brexit will be a long winded process and there will be still alot to come. Watch to see how this political uncertainty is effecting the markets.
Further Information
You can see more from Tim on Core Finance here http://www.corelondon.tv/?s=tim+harrison
Watch our Daily Market Open show where we discuss Theresa May in more detail. http://www.corelondon.tv/uk-supposed-get-behind-theresa-may-party-cant/
TheresaMay, #May, #PM, #PrimeMinister, #Pound, #Sterling, #GBP, #Markets, #Trading
Political issues are the focus of today's headlines.
Theresa May is facing a lot of pressure from her backbenchers and politicians to step down. Although Matt understands their vote of no confidence in Theresa May, this is a critical time for the UK in negotiating the best deal possible from Brexit. The divorce bill currently must be a priority as a lot of figures are being flown around. It is very hard for May, if her party are not even backing her, how is the government and the country meant to?
Matt is concerned that Europe will see this weakness and the UK will suffer. This by Europe trying to get a few more billion into their deal as she is in such a weak decision. This has not been good for the Pound however the FTSE hasn't even rallied off the back of it.
FTSE one to watch
BAE systems are trading down. This is partly because Ultra Electronics, a smaller company, has come out with a profit warning, down 20%. The CEO is stepping down after 28 years. This is rumoured to be because the UK government are cutting back their defence spending, thus leading other defence stocks to drop. Watch the segment to find out why is bad news for the company, and how it is effecting others defence stocks alike.
AIM one to watch for the day
Fishing Republic. Selling fishing equipment, been on the market since September. Down 40%, cost of expansion is too much - they haven't dealt with their online presence as well as they could have.
Also discussed in this segment is the
Pound Outlook, GBP/USD & EUR/USD Broker Recommendation - Coca Cola Core Number - -0.80% Economic Calendar Watch the full segment to see more of Matt Brown's thoughts.
Further Information
You can see more episodes of the Daily Market Show by using this link: http://www.corelondon.tv/c/finance/london-show/
TheresaMay, #May, #PrimeMinister, #UK, #Brexit, #Deal, #Negotiations, #Pound, #FTSE, #Conservative, #BAESystems, #AIM, #FishingRepublic, #Defence, #Government, #Spending, #US, #Investing, #Trading, #Trader, #Finance, #Markets, #GBP, #USD, #EUR, #GBPUSD, #EURUSD, #Pound, #Outlook, #CocaCola, #JPMorgan, #MattBrown, #NickBatsford, #CoreLondon, #CoreFinance
Market Mover
Markets are flat as US Tax reforms are pushed back. The corporation tax reforms have been pushed back to 2019. Futures are indicating pretty much flat today. Matt thinks it is unlikely that the US tax reforms are going to happen this year.
Matt explains to viewers wow US tax reforms are effecting the market have a look into.
UK Manufacturing have had good numbers and beat expectations. However, it hasn't fed through to the pound though.
Matt also sheds some light on the behind the screens negotiations that are going on regarding Brexit. There is a lot more going on than people realise. Regardless of what the EU is saying and doing - other countries are trying to strike a deal with the UK. This is, of course, good news.
FTSE
The London Stock Exchange is the stock to look out for today.
The CEO, Xavier Rolet, is leaving next year. But it feels like he is being elbowed out by the Chairman!
Matt talks a bit about the internal politics that is going on at the London Stock Exchange. Despite this however, the stock continues to trade well.
IQE -
The AIM one to watch and Matt's tip of the day, is IQE
The stocks now trading up 15%. Watch the video to find out why!
Also discussed in this segment is the Pound outlook, Core Number and Economic Calendar.
Further Information
You can see more episodes of the Daily Market Show by using the following link: http://www.corelondon.tv/c/finance/london-show/
Tax, #UStaxreforms, #taxreforms, #Brexit, #Brexitnegotiations, #negotiations, #Pound, #Manufacturing, #UKManufacturing, #LondonStockExchange, #XavierRolet, #IQE,
This morning we are focusing on companies reporting, as markets are a little bit flat, feels like to Matt Brown that the markets are running out of steam.
There is little in the way of macro data, equities are in a holding patterns and they are just seeing where to go from here. Strong numbers out of China, and all eyes on the US tax reform bill this evening. Look out for news flow on that says Matt!
Focus has been on companies reporting. Not great numbers from Sainsburys, trading off about 3% this morning.
This leads us into our companies to look out for this morning.
FTSE
Today's stock today is Burberry. Although they had a write-down of 15 million, which isn't a huge amount for the company, especially considering store improvement. Numbers are actually not too bad, the profits are up 26% but the stock is trading down 10% this morning. Retailers are struggling, but Burberry is doing okay as China are their market and there are strong numbers coming from there at the moment.
Moose and Matt, both from Core London, then look into the possible solutions for Marks & Spencer in order to turn it all around. Listen to the full segment to find out what they think!
AIM
CityFibre have signed a deal with Vodafone, to supply optic fibres into 1 million UK homes. Market cap of 260 million. Up 26%.
Also looked at in today's opening show are:
Currency Pairs GBP/USD & EUR/GBP Core Number Economic Calendar Further Information
You can see more from the Daily Market Show by using this link: http://www.corelondon.tv/c/finance/london-show/
Burberry, #Sainsburys, #Marks&Spencer, #M&S, #MarksandSpencer, #CityFibre, #Vodafone, #Markets, #Trading, #Companies, #Reporting, #Equities, #Pound, #Southern, #SouthernRail, #CurrencyPairs, #GBP, #USD, #EUR, #GBPUSD, #GBPEUR, #MattBrown, #NickBatsford, #CoreLondon, #CoreFinance, #China, #Retail, #Retailnumbers, #shopping
Global Markets overvalued or not?
Global Markets - Clem Chambers, CEO & Founder of ADVFN talks to Matt Brown about the rise in equity values in 2017 and where they can head from here. Chambers highlights the unwind of QE and how this may impact the market liquidity. Chambers is still bearish of the markets and is looking for a down wave, although trying to pick the top in the markets is a fools game. Clem is still looking for value and sees this in the Banking and Energy suppliers sector. With demand for electricity expected to grow over the coming years, Chambers see the expansion of electric cars as an opportunity.
Paradise Papers - Investors should be allowed to put their money where they wish, as long as it's legal. Tim Harrison, Head of Wealth Management at Linear Investments speaks to Matt Brown about the coverage over the weekend of the Queen having investments offshore. Harrison looks at the data heavy announcements from the previous week. All eyes will be on U.K. companies reporting, including Sainsburys and Marks & Spencer. Tim notes the integration of Argos into Sainsburys and the cost cutting required at Marks & Spencer.
Harrison also discusses how portfolio managers will position themselves into the end of 2017. Tim Harrison believes there is still value in U.K. stocks but is important to sell companies that are underperforming. Finally, Harrison talks about the defensive approach to investments at the present.
Finance, #Money, #Economy, #Trading, #Trader, #Investment, #Investor, #Paradisepapers, #thequeen, #offshoreinvestments, #FTSE, #UKStrength, #Linear, #LinearInvestments
Clem Chambers, CEO & Founder of ADVFN speaks to Matt Brown regarding why he owns Bitcoin. Also discussed is why individuals and businesses must hold the currency in case of a crisis. Chambers highlights the recent hurricanes in the U.S. and how he was able to use the cryprocurrency for payments when other conventional banks were closed. Bitcoin will enable payments to be quicker and certainly will help business transactions.
Chambers also discusses how it will enable people to travel the globe without the need or worry to transfer funds via local banks. Chambers notes how Bitcoin is now getting into the mainstream as well as other cryptocurrncies under performing Bitcoin as investors flip into the currency. However, he expects the outflow from rival cryptocurrencies to flow back in over the coming weeks.
Bitcoin, #bitcoin, #Bit Coin, #bit coin, #Crypto #currency, #cryptocurrencies, #cryprocurrency, #Crypto, #ethereum, #litecoin, #ClemChambers, #$8000, #$10000, #ADVFN, #MattBrown, #Trading, #Profit
Market Mover
Last week we had a lot of data, this week there are geopolitical events to look out for.
We are seeing record highs in the US, and the FTSE grind higher. Oil is also rallying.
Market Commentator, Matt Brown, updates viewers on Saudi Arabia. Apparently, Donald Trump has begged Saudi Arabia to list in New York, which is not good for the London Stock Exchange.
FTSE one to watch
SSE is the stock to look at today. SEE may be looking to quit the UK. Matt believes this is unlikely to happen. The big fear for this company, is the government price caps which will eat into their profits.
Also discussed on today's open show:
Currency outlook, GBP/USD and EUR/GBP Broker recommendations Economic Calendar Core Number - when is the best time to invest your money?
DailyMarketShow, #CoreLondon, #CoreFinance, #MattBrown, #SSE, #GBPUSD, #EURGBP, #EUR, #GBP, #Broker, #HSBC, #FTSE, #CoreNumber, #Invest, #Investing, #UK, #US, #UKMarkets, #UKMarkets, #SaudiArabia, #Oil, #Trump, #DonaldTrump, #StockExchange, #NewYork, #LSE,
US Tax Plan the most anticipated event of the last year.
Marc Ostwald Strategist at ADMISI discusses the U.S. markets. Specifically Tax reforms, the FOMC Chair and Non Farm payrolls. Ostwald notes that the Tax reforms instigated by Donald Trump have been the most anticipated development since Trump came to office. Ostwald notes that the drip feed in reform have probably help support the U.S. markets. He also focuses on the expected rise in the national debt and the wrangling over the total figure expected to be added. Looking ahead, Ostwald gives his overview of the upcoming Non farm Payroll number.
Finally, Ostwald discusses the recommended appointment of Jay Powell and how having a non-academic at the helm of the FOMC could be positive for markets. Especially ahead of a tricky environment ahead with the unwind of QE.
Further Information
You can see more from Marc Ostwald on Core by using this link: http://www.corelondon.tv/?s=marc+ostwald
USEconomy,, #US, #America, #USA, #Congress, #DonaldTrump, #FOMC, #NonFarm, #Non-farmpayrolls, #MarcOstwald , #ADMISI,
Bank of England is lurching from one mistake to another
Marc Ostwald, Strategist at ADMISI speaks to Matt Brown about how the fall out from this weeks rate hike and how out-of-step Mark Carney is with the markets. Removing the sentance "we believe that the rate trajectory is likely to be somewhat higher than the market expects" now leaves the pound open to greater market forces. This could mean a further sell off in the pound and a subsequent rise in inflation, which ultimately will put pressure on the Bank of England to raise rates.
Further Information
You can see more from Marc Ostwald on Core by using this link: http://www.corelondon.tv/?s=marc+ostwald
BankofEngland, #MarcOstwald, #ADMISI, #RateHike, #MarkCarney, #Dovish, #Pound, #Runonthepound
Market Movers
Non-farm payrolls 12:30 today is key event to look our for today.
Pound
The Pound retreats after the rate hike yesterday. The interest rate outlook -"one and done" according to Market Commentator Matt Brown and Core London's CEO, Nick Batsford.
A very dovish rate hike from BoE. Matt also points out that the Bank of England has now said to the market that it can dictate where Pound and interest rates goes.
If the markets get involved, this will not be good for the Pound and then consequently we could see a run on the Pound. You can see more on this by watching Marc Ostwald's segment:
Matt then goes on to note that a lot of smart money will now be short on the Pound. As a result, it will lead to push in inflation, which will lead back to an interest rate hike again. Matt would be a seller on the pound, however he would not be a seller for Apple!
Apple
Apple have reached a 900 billion market cap. This makes it the biggest company in the world.
The new iPhone X goes on sale today, at the very hefty retail price of £999. However, the iPhone always seem to be selling well and there are great numbers from Apple.
Generally, when we look at the US, US Markets are performing well. Tax reform cuts are coming through, but this is more of a drip feed than a big statement.
Fed
Also have the new Fed chair coming in - Jerome Powell has had the nomination from Donald Trump.
FTSE one to watch
There is a rumour in the market of a Next and M&S Merger. This is off the back of bad numbers from next this week.
Could the companies do something if they merge together?
Matt notes that M&S have always had a problem reaching out to younger audience, so a merger with Next could help them break into that market. However of course, there will be a lo of cost involved.
AIM
Today's AIM stock of watch is Footasylm. They were listed on the AIM market yesterday. Coming in at 167 and today trading up at around 191.
Pound
EURGBP & GBPUSD.
There has been a incredible move downward. Matt sees this as the market punishing Mark Carney. Matt and Nick are looking ahead to the Brexit negotiations next week to see what what effect they will have on the Pound.
Core Number
60% is today's Core Number.
This is the rise in the cost of living in London over the last 20 years. This was written by Russel Lynch in this week's Evening Standard.
You can read the full article here: https://www.standard.co.uk/business/inflation-in-london-up-60-in-20-years-a3673826.html
A lot of the increase has come in house prices, transportation and then just the general cost of goods.
Matt also talks about effect this will have had on investing.
Economic calendar
The big one today is Non-farm payrolls.
Looking at a number in excess of 300,000, however last month we were -33,000. This was due to the hurricane effect. If you net that out, on average it is going to be around 160000/170000 jobs created in the last month.
Matt advises viewers to not just look at this month as last month could be important.
As ever, Matt highlights the key figure to look out for is the hourly wage earning rate.
Listen to the full segment to hear more of Matt's views.
Further Information
You can see more episodes of the Daily Market Show by using the following link: http://www.corelondon.tv/c/finance/london-show/
FTSE, AIM, Core London, Core Finance, Matt Brown, Nick Batsford, Next, M&S, Marks & Spencer, Pound, GBPUSD, EURGBP, GBP, EUR, USD, Rate Hike, Bank of England, BoE, Mark Carney, Interest Rates, Inflation, Fed, Fed Chair, Jerome Powell, Donald Trump, US Markets, US, UK, UK Markets, Apple, IPhone X, Non-farm, Non-farm payrolls, employment, hurricane, Tax reforms, merger,
Market Mover
Bank of England rate decision is eagerly awaited today. Markets fully expect the Bank of England to raise rates today. Tim Harrison, Head of Wealth Management speaks to Matt Brown about the impending rate decision. With markets pricing in a 90% chance of a rate hike markets and certainly long Pound traders will be disappointed if Mr Carney does not deliver.
FTSE one to watch
Harrison also discusses Carillion, a debt laden stock on the path of a turnaround. Harrison notes that Carillion could be a speculative buy but voices caution over interest rate hikes and the impact on Carillion's debt mountain.
Broker
Fevertree, a strong performing stock over recent years, has it now reached a point where it has saturated the market?
Facebook - Ad revenues impress the market. Harrison discusses how the company has changed and adapted since it's IPO and how tech companies need to reward shareholders by increasing revenue.
Calendar
Finally. looking ahead to today's BoE announcement and ahead to tomorrow's Non Farm Payroll number, not to mention the potential announcement of the next Fed Chair, all of which makes for an exciting traders market over the next few sessions.
Further Information
You can see more from the Daily Market Show by using this show: http://www.corelondon.tv/c/finance/london-show/
Finance, #Money, #Economy, #Trading, #Trader, #Investment, #Investor, #Facebook, #Fevertree, #Carillion, #TimHarrison, #LinearInvestment, #Linear, #BankofEngland, #MarkCarney, #MattBrown, #Ratedecision
Bank of England are in a timing mess.
Shaun Richards Economist and Founder of notayesmaneconomics talks to matt Brown about the timing situation the BoE have got themselves into. Richards believes the Bank of England didn't need to cut rates last August and this has caused problems this year. Inflation over target now means that in theory the Bank of England now have to raise rates despite other indicators not being a strong as some would expect.
Richards argues that using current indicators would suggest the case hasn't changed to argue for a rate hike over the past two years. However, Richards believes that rates should already be at 0.5%.
Richards breaks down who will vote for and against a rise at the BoE. All tolled the rate decision might be closer than the market expects.
Further Information
You can see more from Shaun on Core Finance by using this link: http://www.corelondon.tv/?s=shaun+richards
It is a very busy week for traders and there is a lot of macro data being released. We have the Bank of England tomorrow and Non Farm Payrolls on Friday. It certainly looks like Sterling is being positioned in expectation of a rate rise. Sterling has behaved very well. It has maintained the bid tone generally. It seems to be that there is news coming from everywhere and that is very hard to be able to position yourselves. Steven Woodcock, Head of Risk Management for Tera FX tells us that when we have markets like this we have a short period of mad market and only afterwards do traders sit down and take stock of what they have done.
The market feels like that in the face of the Bank of England traders are getting ahead of themselves. Complacency means that moves will happen and then they will look backward and look forward to the payrolls on Friday. It is a tough market trading position. This is exemplified by the fact that traders have already predicted the BoE rate hike. Steve says that this is a bad way to trade and that you should not be complacent. As a trader you shouldn't try to predict these things and try to avoid getting involved in the run up. The risk reward profile is far closer than it used to be.
If you are trading these markets you have to be wary of your stop loss position. Given that with stop losses you have to accept slippage. The big boys will step away from the market and take the liquidity away with them. Banks, Mid and lower tiers are stepping away and not getting involved in these events. In the face of events you have to widen your stops. Guaranteed stops are not the way forward. They are unplayable. You are opening yourself up to unlimited losses.
Further Information
To see more from Steven on Core Finance use this link: http://www.corelondon.tv/?s=steve+woodcock
BankofEngland, #BoE, #Macro, #Macroeconomic, #ratehike, #interestrates, #traders, #trading, #stoploss, #nonfarmpayrolls, #NFP, #StevenWoodcock, #TeraFX, #liquidity,
The Global Financial Market: Bonds and Equities Looking at the bigger picture it has been an extraordinary year. It has been full of uncertainties. They have however mellowed off and become less of a concern. We have had an extremely strong stock market. More importantly a very strong bond market. New highs in equity markets. Bill Blain, Strategist for Mint Partners tells us that "everyone who is sceptical remembers that the market can be irrational longer than you can be solvent".
Moving on we look at the global central banks who are moving on a different path than the rest of the market. 15 Trillion dollars have been pumped in to the markets through quantitative easing. The affect of QE has driven financial asset prices higher. Global stocks are around 100% of global GDP. Not a panic level yet. The only objective the market has is to inflict the maximum amount of pain on the maximum amount of participants. Moreover Bill tells us that global bonds markets are where we should be looking. In the light of the fact that the US Treasury 10 Year Bond is the most important number in the world. Currently the yield is around 2.4%. However banks are moving in to a tightening phase. We are moving in to a new era.
Another key point to remember is that the bond market moves in very long cycles. It could be argued that the current cycle began in the 1950's and with the current technical set-up it looks as if this cycle has finally reached its end. This does mean that interest rates will start to rise. With this in mind, it means the return of inflation. This could cause a correction in the stock market. A valuation shock is the key to this. When UK interest rates are at 0.25% that sends a clear signal that it is not worth investing as the returns are too low. Once you raise rates you drive entrepreneurial spirits to invest again.
Further Information
Why not check out more from Bill Blain on Core Finance by using this link: http://www.corelondon.tv/?s=bill+blain
Bonds, #Bond, #BondMarket, #QE, #QuantitativeEasing, #Equities, #Equity, #Investors, #CentralBanks, #BillBlain, #MintPartners, #StockMarketCrash, #US10YR, #TreasuryYield, #Yield, #financialassets
Market Mover
Focus today is on FOMC, PMI's, ADP & ISM.
FOMC today, no rate move but all indicating towards December. Matt Brown says expect the rate hike.
PMI numbers, we have had Chinese numbers out already. Also, we just had UK PMI data out - 56.3 was the number. This was different to the expected 58.8. Matt notes that this is a positive and will help BoE with their suspected rate hike tomorrow.
ADP employment numbers, precursor to non-farm pay rolls due out on Friday. Suspected to be 200,000 ADP.
These are a few of the many data points out this week to look out for and these are the things dominating the market.
FTSE one to watch
Next PLC is the FTSE one to watch today. Continued story, Q3 udate, is under-performing. Retail sales down about 7.7%. Directory sales up 13%. Shift to online here is evident, like with so many other companies in this sector.
AIM one to watch
Today's AIM stock to look out for is Biome Tech. A small company, in organic plastics and RAFs radio frequency. Market Cap of £5m. Doubled in value in April, trading updates have been positive.
FX Rates
GBP/USD and EUR/USD outlooks are the focus in today's Market Open Show. EUR/USD from a technical point of view, have a head and shoulders break down. Could drop further.
Core Number
6,000: Bitcoin trading above 6,000.
Now trading above 6500. Has doubled since September, which Matt thinks is incredible for a currency.
Calendar
Some key events to look out for today include Markit Manufacturing PMI & Fed rate decision and policy statement.
Further Information
This segment was hosted by Core London's CEO, Nick "The Moose" Batsford and Core Finance Market Commentator Matt Brown.
You can see more episodes of the Daily Market Show on Core Finance by clicking using the following link: http://www.corelondon.tv/c/finance/london-show/
CoreLondon, #CoreFinance, #MattBrown, #NickBatsford, #Next, #Biome, #BiomeTechnologies, #FOMC, #PMI, #ADP, #ISM, #GBPUSD, #EURUSD, #EUR, #USD, #Bitcoin, #Finance, #Markets, #Investing, #Trading
Market Outlook
Apple is only one of many in a swathe of fantastic results announcement. Alongside Amazon and Microsoft the large tech companies continue to perform. Even though the sales of the iPhone 8 disappoint, Apple continue to move upward. Jeremy Lyon, Consultant for Hobart Capital says that the increased use of Apple Pay and mobile phone payment systems is the way forward. There is currently a limit on how much money can be used in a transaction in the UK and US. However in China the limit is much higher and the feeling of confidence in the technology is very strong. This is where Jeremy believes that the next big market for Apple will be. Meanwhile the market is very happy with the positive results being released. Not to mention the immense recovery story of BP.
Politics Outlook
In addition to the financial market outlook we look at the big headlines in Politics. Rob Double, Political Editor of Core politics says that Westminster is currently in turmoil over the sexual harassment news. Although this may be true, the main focus on Westminster is the news of a BoE release. In the release the Bank of England suggests that there could be a total loss of 75,000 jobs. This is in the event of a No Deal Brexit scenario. In spite of this possibility , London will still remain the largest financial centre in Europe. Rob finishes off by discussing the positives in the new release with a suggestion that there could be increased traction in Asia and the Middle East post Brexit.
Further Information
You can see more from Jeremy Lyon by using this link: http://www.corelondon.tv/?s=jeremy+lyon
Apple, #AAPL, #iPhone, #iPad, #iMac, #iPod, #Amazon, #Microsoft, #FaceBook, #Google, #FANG, #Tech, #Technology, #ApplePay, #BankofEngland, #Brexit
Interest Hike
The interest hike of 25 basis points will happen. That is a given. However it is too early to say that it may be the first of many. It is a symbolic decision. The Bank of England is saying that unsecured lending has got out of control. Furthermore it is too high and uncontrolled. The Bank of England has taken its job very seriously. Acting as a barometer for the health of the economy and the business activity in the UK. Many of the banks based in London have crafted contingency plans to ensure that they satisfy both the Bank of England and Head Office on the consequences on either a No Deal Brexit or a Hard Brexit.
This news has been overshadowed by the claim that the City of London could lose 75,000 jobs. David Buik, Senior Market Commentator for Panmure Gordon says that this is the worst possible perception and is in fact verging on the hysterical. He goes on to state that over the past 70 years London has created the perfect environment for financial services. Frankfurt cannot house 25,000 to 30,000 bankers and their families and neither can Paris. Moreover Dublin, Brussels and even Amsterdam could house them; however it would be very damaging for the banks themselves.
Good sense will prevail is how David signs off. The Bank of England has thrown a pebble in the pond to ensure that the government are listening to what is being said by the financial industry.
Further Information
You can see more from David Buik on Core Finance by using this link: http://www.corelondon.tv/?s=david+buik
BP reported their numbers this morning; and not only did they beat numbers, they caused a share buy back, the FTSE 100 pushed back above 7500, Oil pushed above $60. It is a fantastic recovery story. This is in spite of BP having been a terribly disappointing stock this year. Even though they are only up 5% on year. However when you look at the past 2 years 2 months; they are up 50%. The BP Group Chief Executive Bob Dudley has done a marvellous job. He was handed an exceptionally difficult job. Furthermore he was pilloried by press for his wages, but has done very well and deserves every penny by overseeing this incredible recovery story.
Looking in to the future of BP, David Buik, Senior Market Commentator of Panmure Gordon says that the future looks bright. The Deepwater Horizon oil spill was devastating for the company. It has cost them around $40bln. However now that it is almost finished we can finally see some expansion plans in the near future. The only proviso being oil doesn't drop too far below the $50 level. The wider oil market is showing similar recoveries and this should be mirrored in the data release from Royal Dutch Shell PLC on Thursday.
On the story of a possible bid David says it is nonsense. The only company that could make the purchase would be Exxon Mobil. In contrast Exxon Mobil would have to borrow vast sums of money. On the other hand, David says that in the current political climate the British government would not allow it to happen. There is increased scrutiny on the purchase of British companies and it would not work in the current climate.
With Q4 fast approaching, will oil lead the FTSE 100 to new highs? Uniquely David suggests that it is the dollar related stocks that will help push the FTSE higher. He also moves on to say that you cannot ignore the contribution of Pharmaceuticals, Tobacconists and Banks. His only worry for the UK index are the supermarkets. David believes that their margins are too tightly squeezed to allow much room for significant growth.
Further Information
You can see more from David Buik on Core Finance by using this link: http://www.corelondon.tv/?s=david+buik
BP, #Oil, #Brent, #WTI, #Crude, #DeepwaterHorizon, #FTSE100, #UKIndex, #FTSE, #BobDudley, #RoyalDutchShell, #Shell, #ExxonMobil, #DavidBuik, #PanmureGordon, #GSK, #ShirePharmaceuticals, #Pharma, #Pharmaceuticals, #HSBC, #Q4, #Supermarket, #Morrisons, #Asda
WPP the worlds largest advertising holding company are down. The share price has dropped 15% on the year. Like for Like sales are down 1.1% to $3.6bln globally. This has cause a cut in profit guidance for the year. Nick Batsford, CEO of Core London states that these large companies are almost trading like utilities and that they surely cannot continue to grow exponentially as they currently are.
Sir Martin Stuart Sorrell, the chief executive officer of WPP PLC had a very frank and honest speech. He believes that there is a very clear cut reason as to the poor performance. Technology and Healthcare were holding the business up. WPP has a fantastic relationship with Google and Facebook. However companies of their size must deliver share holder value, and this is being done by a scheme or share holder buy backs and M&A activity. This leaves the companies with paper thin profits. More over this paper thin profit margin means that there is a reluctance in spending money on advertising. This will remain the case for the rest of the year.
On a positive note, David Buik, Senior Market Commentator for Panmure Gordon moves on to tell us that in recent data releases the UK (despite Brexit difficulty) and Europe are the best performing regions in the digital market.
Further Information
You can see more from David Buik on Core Finance by using this link: http://www.corelondon.tv/?s=david+buik
WPP, #WPPPLC, #Ads, #Advertising, #SirMartinSorrell, #Technology, #Healthcare, #M&A, #Mergers, #Acquisitions, #DavidBuik, #PanmureGordon
A company changed its name so that it had the word "Blockchain" in it last week, and it saw nearly a 400% rise in the price. The company is On-Line PLC, the mother company of ADVFN. Blockchain, in Clem's opinion is going to be bigger than the .com boom.
Clem is the Founder & CEO of ADVFN.
Matt Brown, Market Commentator from Core London asks if this is the same story back when the internet boomed. People began including anything internet related into their company names, which subsequently saw a rush of Investors.
Clem thinks that it is a bigger thing all round. He believes there will be a lot of Blockchain companies in the next few years. Similarly to what companies the internet created, such as Amazon, Google and Facebook.
What the internet did for communication, Blockchain will do for economics, which means that it will be much bigger.
Listen to the full segment to find out what else Clem has to say about this!
Further Information
To see more from Clem on Core Finance you can use the following link: http://www.corelondon.tv/?s=clem+chambers
Blockchain, #.com, #internet, #boom, #bubble, #bitcoin, #On-LinePLC, #ADVFN, #ClemChambers, #CoreFinance, #CoreLondon, #MattBrown
Markets are a little bit flat this morning, ahead of a big week in finance.
Tim Harrison, Head of Wealth Management at Linear Investment says everyone is waiting for the big economic update this week. We have non-farm payrolls in the US on Friday. This will be a big indicator of the state on the economy there.
Tim says, "the markets just keep grinding higher, any sell offs are being bought up".
He also notes that in spite of the events in Spain over the last few days, the market seems to be putting that to one side. It just keeps on going! Tim compares this to Greece several years ago, where the market did have much more significant reactions then.
Although Catalan is a big contributor to Spanish GDP, it is a small part of the Eurozone. As a consequence, investors seem to be taking up opportunity else where.
Check out the full video for more of Tim's views.
Further Information
You can see more from Tim on Core Finance by using this link: http://www.corelondon.tv/?s=tim+harrison
LinearInvestments, #CoreFinance, #CoreLondon, #Markets, #Catalonia, #Non-Farm, #BoE, #BankofEngland, #Fed,
The Pain in Spain
This week is good for traders with lots going on that can potentially move the markets, including Bank of England, Non-farm payrolls, Catalonia, along with lots of macro data. Matt and Nick turn their attention to "The Pain in Spain" as it is making a lot of headlines. Matt feels like "it is a storm in a key cup".
Generally, political issues in Spain isn't great, but it will take a few months to play out. Although it will make headlines, Matt is not convinced it will move the market.
Bank of Japan and the Fed chair announcement (on November the 3rd) are just some of the events this week that hedge fund traders should be looking out for.
Other topics
Market Commentator Matt Brown, and Core London's CEO also discuss the FTSE 100 company, HSBC. Generally performing well, in comparison to the same quarter last year.
Outlook on GBP/USD and EUR/GBP
Today's Broker Recommendation from Goldman Sachs, Kingfisher gone from Neutral to Buy.
Core Number is £20 billion, watch the full segment to find out why along with more of Matt and Nick's views.
Further Information
You can see more from the Daily Market Show by using this link: http://www.corelondon.tv/c/finance/london-show/
CoreFinance, #CoreLondon, #MattBrown, #NickBatsford, #Catalonia, #Spain, #Non-Farmpayrolls, #BankofEngland, #BoE, #Fed, #FedChair, #Powell, #Hawkish, #Dovish, #GBP, #USD, #EUR, #GBPUSD, #EURGBP, #Broker, #GoldmanSachs, #Kingfisher, #HSBC, #FTSE100, #BankofJapan, #BoJ,
Market Commentator Matt Brown says the ECB taper was largely in line with the expectation, but what drove the EUR lower was the ECB's dovish stance on interest rates. The central bank ruled out rate hikes before QE program ends.
Brown also talks about upbeat Q3 earnings by RBS. However, investors are not really impressed, what's stopping the stock price from rallying? Check out the full segment for more info on-
RBS outlook Broker Upgrades FX market outlook Economic Calendar This segment is hosted by Core London's CEO, Nick Batsford.
Further Information
You can see more episodes of the Market Daily Show by using this link http://www.corelondon.tv/c/finance/london-show/
ECB, #centralbanks, #monetarypolicy, #markets, #trading, #investing, #RBS, #stocks, #equities, #forex, #currencies, #fundamentals, #macro, #US, #UK, #Europe, #Eurozone
"It's all about the size of the Taper", says Market Commentator Matt Brown. He adds, "EUR/USD could revisit 1.20 handle if the ECB announces an aggressive taper".
The consensus is that the ECB will do a balancing act by announcing a "lower for longer QE taper" today. Watch the full segment as Brown and Core London CEO Nick Batsford discuss other topics such as
ECB scenarios and impact on the EUR/USD Outlook for the FTSE company Barclays Forex update - looking at GBP/USD & EUR/GBP currency pairs Economic Calendar Further Information
You can watch more episodes of the Daily Market Show by using this link: http://www.corelondon.tv/c/finance/london-show/ Similarly why not check out more videos on the Core Finance Channel using this link http://www.corelondon.tv/c/finance/
ECB, #centralbanks, #monetarypolicy, #QE, #taper, #fundamentals, #macro, #trading, #investing, #UK, #US, #finance, #forex, #currencies, #commodities, #equities, #stocks, #CoreFinance, #Eurozone, #Europe, #interestrates
Bank of America Merrill Lynch was fined 34.5 million pounds on Monday as the bank didn’t report 68.5 million transactions in a 2-year period. The fine is a first of its kind under EU transparency rules. "It's a pretty chunky fine", says Tim Harrison, Head of Wealth Management at Linear Investments.
While talking about the selection of new a Fed head, Harrison says Yellen has done a good job. He also says credit also goes to Bernanke for steadying the ship, but warns a faster rate hike could derail the economy.
Watch the full segment to know if the car market is the new subprime.
Further Information
To see more from our Daily Market Show go to http://www.corelondon.tv/c/finance/london-show/
EU & Brexit, ADVFN's Founder and CEO, Clem Chambers weighs-in on the lack of progress in the negotiations.
Chambers feels it is the EU playing dead that is responsible for the current impasse in negotiations between the European Union and the UK. Watch the full segment to find out what Clem means by this.
He adds that the European Union's attitude only validates the UK's decision to leave the bloc.
Chambers also talks bitcoin, bubbles and blockchain technology in this video.
ADVFN, #ClemChambers, #UK, #EU, #brexit, #negotiations, #bitcoin, #bubbles, #blockchain, #markets, #trading, #investing, #macro, #fundamentals, #UK, #US, #China, #cryptocurrency, #finance, #CoreLondon, #CoreFinance, #MattBrown
Japanese PM Abe retained the majority in the Sunday's general elections. Though the result was in line with expectations, still the Yen dropped. Market Commentator Matt Brown discusses the action in the FX markets in early Asia.
"It's business as usual", says Brown as markets continue to grind higher. Coming to domestic issues, Brown believes a swift Brexit transitional deal would help major business decide their export strategy.
Listen the full segment as Brown and Core London CEO Nick Batsford discuss the outlook for GKN, Caspian Sunrise and shed light on the macroeconomic data releases that could move markets today.
markets, #finance, #trading, #investing, #fundamentals, #technicals, #UK, #US, #Japan, #elections, #stocks, #equities, #Yen, #JPY, #USD/JPY, #forex, #currencies, #Brexit, #business, #GKN, #CaspianSunrise, #LinearInvestments, #TimHarrison, #MattBrown, #CoreLondon, #CoreFinance
Market Movers
The Japanese Election is the big event to watch out for this week. As the markets are pushing higher due to Wall Street, and as we are waiting for the Fed Chair announcement, all eyes turn to Asia over the weekend.
Ronnie Chopra, Author at Wall Street Wires, believes the market is taking the Japanese Election in it's stride. Matt Brown, Market Commentator and Host of this segment, warns that traders should trade tentatively. It must be remembered in the UK Election, it seemed it would all go in May's favour however, it resulted in being very close.
BT
The FTSE company looked at in today's Daily Market Show, is BT. Ronnie thinks that the fundamentals on this chart look very attractive. The dividend yields are in excess of 6%. He also points out that the company is doing well in securing new deals, such as winning the rights to air the Ashes, previously done by Sky. Ronnie adds that he thinks the fall is well over done, and the valuation is very low. However, Matt reminds viewers to be aware of the pension deficit.
FTSE 100 Index
As a whole, the FTSE is has a strong performance, although it feels as if it is lagging in comparison to other indices. Ronnie believes Brexit may be casting a shadow over the FTSE. From a global perspective, it is pointed out that it is still much cheaper than the likes of say, the DOW.
Sterling coming off a bit against the US Dollar, should have boosted the FTSE but we have not seen this happen.
Pound
Similarly to the FTSE under-performing due to Brexit, Ronnie believes the pair GBP/EUR is under-performing. However he remains baffled by the strength in the Euro, considering uncertainty in Europe, including Catalonia.
Market, #MarketMovers, #JapaneseElection, #Fed, #TaxCut, #Tax #Reform, #BT, #BTSport, #Ashes, #FTSE, #Pound, #Euro, #Dollar, #EUR, #GBP, #USD, #GBPEUR. #GBPUSD. #Brexit, #Catalonia, #CoreLondon, #CoreFinance, #MattBrown, #RonnieChopra, #WallStreetWires,
The ONS data released today showed the UK retail sales dropped 0.8% m/m in September, which is way bigger than the estimated drop of 0.1%. The sharp drop pushed the annualised figure lower to 1.2%. Core retail sales (excluding fuel) dropped 0.7% m/m. Year-on-year, core sales growth slowed to 1.6%.
Tim Harrison, Head of Wealth Management at Linear Investments, says the October number would tell us whether the drop seen in September is weakness or anomaly.
While talking about the drop in the Unilever shares, Harrison says, "it is such a behemoth, that any macro slowdown would hurt them".
Listen to the full segment as Harrison and Market Commentator discuss Fintech, economic calendar and broader markets.
UK, #macro, #Unilever, #stocks, #equities, #trading, #investing, #finance, #CoreLondon, #CoreFinance, #LinearInvestments, #TimHarrison, #MattBrown, #Pound, #Euro, #Dollar, #Broker, #L'Oreal, #Fintech, #ONS, #OfficeofNationalStatistics, #CreditSuisse, #Plexus,
Tim Harrison, Head of Wealth Management at Linear Investments says the disparity between the US indices and European indices should erase soon. Either FTSE 100 rallies to record highs or there could be a pull back in the US indices.
Listen the full segment as Harrison discusses the broader market outlook, shares his view on Rio Tinto, Cloudcall and travel companies.
equities, #stocks, #markets, #trading, #macro, #fundamentals, #UK, #US, #finance
Jeremy Lyon, Consultant at Hobart Capital gives insights into the state of play in the insurance industry. Lyon says, low rates (quest for yield) forced the insurance industry to take excessive risk... it will be interesting to see how things unfold in the next six months or so.
insurance, #yield, #UK, #finance
Panmure Gordon Senior Market Commentator David Buik talks explains how the BoE could be done with rates hikes following a 25 basis point move in November, which has been priced-in by the markets. Listen to the full segment as Buik shares his view on protectionism and whether UK should block foreign companies from taking over UK corporate.
BOE, #interestrate, #centralbanks, #UK, #finance, #markets
Market Commentator Matt Brown talks about a rise in the UK inflation to a five year high and the mounting pressure on Carney & Co to act. He takes note of a strong bid tone in the USD on talk of more hawkish Fed officials (Taylor is widely believed to be more hawkish than Yellen).
Listen to the full segment for more info on-
Outlook for shares in Merlin and Shares in ASOS
Broker upgrades
Core Number - 260
UK,#inflation, #Fed, #USD, #indicator, #economy, #fundamentals, #macro, #trading, #investing, #US, #finance
Bitcoin clocked an all time high above $5850 last week and its market capitalisation reached $100 billion over the weekend. Is the cryptocurrency a bubble? Or has the rally got legs?
ADVFN Founder and Director Clem Chambers, says Bitcoin could rally a lot further for fundamental reasons. He also talks about Fed's reverse QE and its impact on the financial markets.
bitcoin, #cryptocurrency, #fundamentals, #trading, #markets, #UK, #finance
Market Commentator Matt Brown and Core London CEO Nick Batsford discuss the flat action in the markets and geopolitical developments across the globe - Trump decertifies Iran nuclear deal, Catalan crisis continues and increased risk of escalation of the crisis in the Korean Peninsula.
Listen the full segment for more info on-
Outlook for Convatec shares, FX markets - Sterling, Broker upgrade & Economic Calendar
markets, #trading, #investing, #stocks, #equities, #Iran, #Spain, #macro, #fundamentals, #UK, #finance
Budgie Wright, Senior Real Estate Consultant at Barbican Square Limited details the number of factors that could weigh over UK property prices, but maintains that the dreaded property market crash is unlikely.
UK, #propertymarkets, #business, #finance, #BarbicanSquareLimited, #investing
Marc Ostwald, Strategist at ADMISI shares his view on GBP exchange rate and Brexit developments, BOE and Fed monetary policy, equity markets and commodities - Nickel, Iron ore and Coking coal.
Key quotes
GBP volatility likely to rise as we head into the year end
The inverse relationship between FTSE 100 and Pound is likely to remain intact BoE more likely to reverse last year's rate cut in November
Fed Dec rate hike pretty much a done deal, unless there is a serious derailment in credit and equity markets, but it has to be a big one...
markets, #investing, #trading, #macro, #fundamentals, #UK, #US, #finance
Tim Harrison, Head of Wealth Management, says the inflation is in the US remains low and does not justify a protracted period of rate hikes. Harrison calls US economic recovery story as "smokes and mirrors".
Fed, #inflation, #US, #UK, #finance, #trading, #investing, #markets
Bryan Noble from TraderNoble believes the markets are likely to remain bid as investors continue to ignore geopolitical risks. Noble shares his view on US stocks, Cable, Fed policy, FTSE 100 and European indices.
markets, #trading, #investing, #UK, #finance
Does geopolitics matter to the markets? Richard Hunter, Head of Research at Wilson King Investment Management believes the geopolitics rarely matter and even if they do, it is only for a short period. He recommends reverting to bottom up approach of investing and shares his take on UK equities. "We are at sweet spot... we have synchronised global economic recovery, we still have easy monetary policy", says Hunter.
geopolitics, #markets, #trading, #investing, #UK, #finance
Tim Gregory, Chief IM at Vermeer Investment Management, says the Trump Trade, which petered out in the first quarter, is back and is helping banks stocks rise. He adds, "2018 will be tough for markets even if Trump delivers tax reforms and infrastructure spend".
Trump, #trading, #investing, #markets, #US, #UK, #finance, #stocks, #equities
Panmure Gordon Senior Market Commentator, David Buik says the Bank of England (BOE) is likely to reverse the last year's rate cut in November, but sees limited/no scope for further normalisation of the policy, given the data isn't particularly strong and the high consumer debt.
BOE, #interestrate, #Carney, #consumers, #debt, #UK, #finance
In the latest edition of Malcolm Graham-Wood's CEO interview segments, President Energy CEO, Peter Levine talks about the company's well programme at the very recently acquired Neuquen Basin assets at Puesto Flores and Estancia Vieja. Argentina (and South America) is the right place to be, says Levine while discussing the well programme.
Listen to the full segment for more info on the company's existing portfolio and now the acquired acreage.
PresidentEnergy, #Argentina, #UK, #finance,
Tim Gregory, Chief IM at Vermeer Investment Management says lofty valuation in the US stocks could be sustained if the treasury yield curve does not steepen substantially.
treasuries, #yieldcurve, #markets, #valuations, #trading, #stocks, #equities, #investing, #macro, #fundamentals, #US, #UK, #finance
Tim Gregory, Chief Investment Manager at Vermeer Investment Management says the BOE will have a hard time raising rates in 2019 following the much anticipated rate rise of 2018. The MPC is keen to normalise the policy, but has limited scope to do so, says Gregory.
Listen to the full segment as Gregory shares his view on talk of recession in the UK economy, GBP exchange rate and inflation dynamics.
BOE, #centralbanks, #monetarypolicy, #UK, #investing, #macro, #fundamentals, #markets, #investing
Tim Harrison, Head of Wealth Management at Linear Investments says Spexit has been averted for now, but for EUR/GBP it is the question of which will one will break first - Spexit or Brexit.
Listen to the full segment for more info on-
State of play in Spanish politics and economy
Fed minutes preview
Spexit, #Brexit, #EUR/GBP, #forex, #currencies, #politics, #economics, #Europe, #Eurozone, #markets, #trading, #investing, #UK, #US, #finance
Ronnie Chopra, Author at Wall Street Wires and Core London CEO Nick Batsford discuss the rise in the geopolitical tensions in the Korean Peninsula and across the globe and discuss if the Pound is undervalued against the EUR, given the signs that Catalan crisis could escalate.
geopolitics, #markets, #trading, #investing, #Sterling, #Euro, #forex, #currencies, #equities, #stocks, #macro, #fundamentals, #UK, #US, #finance
Chinese shares touched 21-month highs today. UK's FTSE 100 trades at a 2-month high. Despite all the optimism, ADVFN's Founder and Director Clem Chambers advises viewers to go risk-off, i.e. hold on to quality stocks and give away risky bets. He is not predicting a crash here, but is against going Gung Ho.
Listen to the full segment to know more about Chambers' risk-off views.
Riskoff, #Riskon, #markets, #trading, #UK, #finance, #fundamentals, #stocks, #equities, #US, #NorthKorea
Tim Harrison, Head of Wealth Management at Linear Investments sounds bullish on the Chinese economy and says the Chinese stocks could on well if the US stocks wobble.
Listen to the full segment as Harrison and Core London CEO Nick Batsford discuss-
Last week's sell-off in Cable and the heightened political uncertainty in the UK
Outlook for Tesco and Blur Prism
Economic Calendar Preview
Core Number 188,000
China, #growth, #investing, #economy, #markets, #trading, #fundamentals, #macro, #UK, #US, #finance, #equities, #stocks
ADMISI Strategist Marc Ostwald says the Fed would want to continue with the rate hikes and a better-than-expected US wage growth figures today would cement Dec Fed rate hike bets. Listen to the full segment for a more detailed preview of the US non-farm payrolls.
US, #wages, #indicator, #Fed, #interestrate, #macro, #fundamentals, #investing, #UK, #finance
ADMISI Strategist Marc Ostwald says the real question is whether Theresa May is a problem in Brexit negotiations. Ostwald says she is not but the issue here is the change in leadership won't work until the conservatives party unites itself behind a Brexit negotiations stance.
Listen to the full segment as Ostwald details the political risks for Sterling and the BOE monetary policy outlook.
politics, #markets, #trading, #investing, #TheresaMay, #GBP/USD, #forex, #currencies, #UK, #finance
Friday could be a volatile day in the markets as the economic calendar is dominated by first tier data releases like the US non-farm payrolls and wage growth figures. Speeches from Fed and BoE officials could move markets as well.
Commentator Matt Brown and Core London CEO Nick Batsford take note of the major developments ahead of the NFP - USD is well bid, Pound is being whacked on fears PM May's days are numbered and the move in the FTSE 100 index above 7500.
Brown says, "the focus is on the US wage growth and unemployment number".
Trading, #markets, #macro, #fundamentals, #investing, #US, #NFP, #wagegrowth, #US, #UK, #finance
Market Commentator Matt Brown says, "the pre-indications of the October QE taper could come through today's ECB minutes". He adds, "markets are comatose on account of caution ahead of the ECB minutes and tomorrow's non-farm payrolls release."
Listen to the full segment as Brown and Core London CEO Nick Batsford discuss the outlook for Merlin Entertainment and Lightwave RF.
QE, #ECB, #centralbanks, #markets, #trading, #investing, #UK, #US, #finance
Core London CEO Nick Batsford talks to Nick Leeson, popularly known as the original rogue trader. Leeson shares his experiences in a Singapore jail, talks about the accountability of his actions and gives advice to London City aspirants.
NickLeeson, #roguetrader, #trading, #markets, #investing, #UK, #finance
Simon Watkins, Financial Author, Journalist and Trader, talks to Market Commentator Matt Brown about his latest book - The Complete Guide To Successful Financial Markets Trading.
Watkins believes the seeds of another 1987-style crash have been sown and there are just too many parallels to ignore.
1987 crash, #BlackMonday, #markets, #equities, #stocks, #trading, #investing, #valuations, #UK, #US, #finance
Market Commentator Matt Brown and Core London CEO Nick Batsford discuss the slightly upbeat UK services PMI number released this morning, review Tesco numbers and take note of the heightened political tensions in Spain and what it means for the Euro project.
PMI, #indicator, #Spain, #politics, #markets, #trading, #forex, #currencies, #investing, #US, #UK, #finance
"Whole drinks sector is in pretty rude health as it is always in demand", says Tim Harrison, Head of Wealth Management at Linear Investments, while discussing the M&A activity.
"US is just firing in all cylinders, courtesy of tax reform talk" and the bull run could be extended if the US does cut taxes leading to massive repatriation of overseas money.
Listen to the full segment as Harrison shares his view on stocks - Greggs Plc and Purple Bricks.
markets, #trading, #equities, #stocks, #investing, #UK, #US, #finance, #fundamentals, #macro, #USA, #Dollar, #Pound, #USMarkets, #Japan, #EnergyStocks, #Greggs, #FOMC, #PurpleBricks, #FTSE, #DOW, #Trading, #Trader
ADVFN Founder and Director, Clem Chambers, weighs-in on the effects of Fed's reverse QE, the behavior of the stocks during the bull market and a bear market, FTSE 100 and Pound exchange rate.
Listen to the full segment to know why FTSE 100 has been under-performing compared to its American peers.
ADVFN, #Fed, #reverseQE, #QE, #markets, #stocks, #trading, #equities, #macro, #fundamentals, #FTSE100, #indices, #Pound, #Sterling, #UK, #investing, #finance
FXStreet President Francesc Riverola joins us live from Barcelona to talk about the Catalonia referendum fall out and what it means for Spanish democracy and the common currency. "It was a sad day for Spanish democracy", says Riverola and adds, "intolerance is all over the place".
Listen the full segment as Riverola's view on the EUR/USD. "We are expecting that the Euro will intervene", says Riverola or there could be more unrest.
Spain, #Catalonia, #politics, #economy, #fundamentals, #macro, #trading, #investing, #UK, #finance, #Referendum
Listen to Tim Harrison, Head of Wealth Management at Linear Investments and Market Commentator discuss the mild bid in the European equities despite the Spanish referendum fall out. Harrison shares his view on easyJet, and stocks to watch out for ahead of Christmas.
Europe, #markets, #trading, #equities, #stock, #forex, #currencies, #finance, #investing, #macro, #fundamentals, #UK, #finance
Listen to ADMISI Strategist Marc Ostwlad review the performance of the major markets in the third quarter and the things to watch out for over the next three months.
Key points
The combined liquidity injection by the major central banks is slowly going to drop
Relentless tightening in credit spreads again against a backdrop of tight supply in September is surprising
Markets are too complacent
#macro, #markets, #trading, #investing, #fundamentals, #US. #UK, #finance
Ronnie Chopra Journalist at www.wallstreetwires.com joins Matt Brown to discuss all the major market moving events for the day. Chopra discusses Trump's tax reform, the potential for ITV still to be a bid target, the rise of LCG if profits grow, EURUSD, the Nifty due a correction and looking ahead at the days major economic events.
Finance, #Money, #Economy, #Trading, #Trader, #Investment , #Investor, #FTSE, #DOW, #Nifty, #ITV, #Shares, #Stocks, #RonnieChropa, #LCG, #wallstreetwires, #MattBrown
Listen to Market Commentator Matt Brown and Core London CEO Nick Batsford discuss macro-technical factors responsible for the broad based rally in the USD. Also in the segment is - broker upgrades, the outlook for Barclays and Zambeef.
USdollar, #forex, #currenciestrading, #markets, #investing, #macro, #fundamentals, #US, #UK, #finance
Bill Blain, Strategist at Mint Partners, while discussing the state of play in the UK economy says, "this country needs infrastructure spending, educational spending and spending on the digital economy." Listen to the full segment as Blain sheds light on the Eurozone and Brexit negotiations.
#UK, #economy, #macro, #investing, #UK, #finance
Tim Harrison, Head of Wealth Management at Linear Investments and Market Commentator Matt Brown talk about the gains in the FTSE 100 index this Wednesday morning.
Harrison and Brown discuss the tech boom in the UK, outlook for Royal Dutch Shell and Boohoo, Broker Upgrades, Economic Calendar and Core Number.
FTSE100, #indices, #mining, #financials, #stocks, #equities, #trading, #markets, #fundamentals, #macro, #UK
Jeremy Lyon, Consultant at Hobart Capital says, "the UK pension funds are very under funded and its going to get worse". He adds, markets will eventually realise this.
Listen to the full segment to know if it is advisable to buy deep out of the money put options as the market is increasingly looking heavy.
UK, #pension, #markets, #trading, #investing, #macro, #fundamentals, #UK, #finance, #equities
"History shows short wars have been better for markets", says Market Commentator Matt Brown and adds further that investors may move out of tech stocks and into defense stocks. Brown and Core London CEO say the focus today is on the Fed.
Watch the full segment as Brown and Batsford discuss
Outlook for Carnival and Eve Sleep
Economic calendar preview
Markets, #equities, #stocks, #trading, #fundamentals, #macro, #investing, #UK, #finance
Tim Harrison, Head of Wealth Management at Linear Investments discusses big Merger & Acquisitions [M&A] news - Brit chip design company Imagination Tech sold to China-linked private equity. "There are a number of others across the Eurozone which may fall under foreign hands in the short term to medium terms, as there is massive demand for brains/intelligence or ideas as opposed to bricks and mortars", says Harrison while discussing the outlook for M&A sector.
Listen to the full segment as Harrison and Presenter Matt Brown talk about German election results and its impact on the markets
M&A, #business, #economy, #markets, #trading, #US, #finance, #UK, #investing
Should investors continue to ignore the EUR appreciation and the rise of far-right AfD part in Germany and continue to pour money into European equity markets?
Matthew Yeates, Quantitative Investment Manager at 7IM believes the core growth story in Europe is good and valuations are attractive on a relative basis. "For a UK based investors, Europe looks attractive", says Yeates, but cites EUR appreciation as a risk to European exporter issues.
Europe, #UK, #US, #markets, #equities, #valuations, #stocks, #trading, #investing, #macro, #fundamentals, #finance
ADVFN Founder and Director Clem Chambers says, "markets are winding up for a crash", courtesy of Fed's reverse QE. Chambers adds, "markets are very complacent - going a bit sideways" despite North Korea risks.
Listen to the full segment to know if Moody's downgrade of the UK would have serious implications for the asset prices.
Markets, #trading, #crash, #investing, #fundamentals, #macro, #UK, #finance
Mike Van Dulken, Head of Research at Accendo Markets and Market Commentator Matt Brown discuss the Moody's downgrade of the UK and its impact on the markets, Merkel victory in German elections and major markets - EUR/GBP.
Listen to the full segment for more info on the outlook for Unilever and Imagination Technology.
Merkel, #Macron, #Moody's, #markets, #trading, #equities, #stocks, #currencies, #investing, #macro, #fundamentals, #forex, #UK, #finance
"A successful trader is a very present person... focusing on what the market is indicating at this moment," says Dr. David Paul, MD of VectorVest, while discussing the mistakes that prevent a trader/investor from making consistent gains in the stock markets.
"Focus should be on the perfect execution, i.e. process and not on the end results", Paul says.
trading, #education, #markets, #stockmarkets, #investing, #UK, #finance
Marc Ostwald, Strategist at ADMISI shares his view on-
China downgrade and its impact on metals
German elections - Markets' insensitivity towards the possibility of surprise outcome (strong performance of right wing) is wrong
Central Banks - Will the BOE hike rates in November? What will be the trajectory?
Eurozone economy firing on all cylinders - latest PMIs released today beat estimates.
Macro, #China, #Germany, #elections, #fundamentals, #trading, #investing, #centralbanks, #US, #UK, #finance
"Watch out for Euro-Sterling", says Market Commentator Matt Brown, while talking about the PM May speech due later today. Also to watch out for is Kim Jong Un's response to new sanctions imposed by the US. Watch the full segment hosted by Core London CEO Nick Batsford for more info on - Outlook for Smiths Group, Iofina, broker upgrades and economic calendar preview.
TheresaMay, #KimJongUn, #markets, #trading, #investing, #macro, #fundamentals, #UK, #finance, #tocks, #technicals
Simon English, Senior City Correspondent at The Evening Standard and Core London CEO Nick Batsford take note of the heightened interest among young professionals about Fintech and the its impact on the investment banks' trading desks.
trading, #markets, #UK, #finance, #Fintech
Simon English, Senior City Correspondent at The Evening Standard and Core London CEO Nick Batsford take note of the disconnect between the stocks and news. English says, "the markets are completely unaligned with what's going to happen".
Markets, #trading, #investing, #stocks, #UK, #finance
Simon English, Senior City Correspondent at The Evening Standard and core London CEO Nick Batsford discuss the psychological edge that women hold over Men when it comes to trading.
Markets, #trading, #investing, #UK, #finance
Watch John Eade, President of Argus Research, discuss US stocks that are likely to deliver double digit dividend growth. The list includes names like Home Depot, Boeing, Lockheed Martin.
US, #stocks, #equities, #dividend, #dividendgrowth, #investing, #markets, #fundamentals, #macro, #UK, #finance
John Eade, President of Argus Research says the December Fed rate hike is not a done deal and adds, "Continued global recovery would see dollar stabilize or continue to drift lower."
Fed, #interestrate, #ratehike, #centralbanks, #monetarypolicy, #macro, #USD, #forex, #currencies, #trading, #markets, #fundamentals, #US, #UK, #finance
In this segment, Alessio Rastani from LeadingTrader.com sheds light on the often ignored, but perhaps the most important aspect of trading - psychology. The segment is hosted by Core London CEO Nick Batsford. Watch the full segment as Rastani draws parallels with the air crash investigation.
Trading, #markets, #psychology, #investing, #UK, #finance
Watch the full segment as Alessio Rastani from LeadingTrader.com details steps to improve trade set ups and how to reduce losses. The segment is hosted by Core London CEO Nick Batsford.
Market, #trading, #investing, #macro, #UK, #finance
Presenter Matt Brown and Core London CEO Nick Batsford review the Fed decision and its impact on the markets.. Also discussed is the outlook for Anglo American and Restore PLC.
Fed, #centralbanks, #markets, #trading, #investing, #US, #UK, #finance
Shaun Richards, notayesmaneeconomics.com talks to Matt Brown about the Fed and reducing the size of their balance sheet. However, what will Central Banks do in recession, will bond buying and QE come back? Will Central banks ever reduce their balance sheets to pre-financial crisis?
Shaun Richards, notayesmaneconomics talks about the recent upgrade by the S&P of Portugal. Richards looks at export led growth in Portugal but also looking at import growth and how this could be another reason for Portugal needing to approach the IMF again.
Mick Billing CEO of Thor Mining talks to Matt Brown talks about Thor Mining PLC and their recent update on Pilot Mountain, with a focus on two deposits. Good Hope has copper, zinc and tungsten deposits at the surface. The rise in tungsten prices will have a positive impact on Thor. A discovery of extra mineralisation at Pilot Mountain is also seen as positive. Billing expects a 3 week turnaround on assays. Billing also updates on Molly Hill and financing for tungsten projects. Mick talks through Thor's copper mining projects in Australia.
Guy Shone of explainthemarket.com, talks to Matt Brown about his latest research piece named Ambition Nation a new report and ongoing research project into how mid sized businesses (1m to 500m turnover) are feeling about the economy, jobs and growth at the moment. The report is produced by explainthemarket.com in partnership with FinnCap
Guy Shone of explainthemarket.com, talks to Matt Brown about his latest research piece named Ambition Nation a new report and ongoing research project into how mid sized businesses (1m to 500m turnover) are feeling about the economy, jobs and growth at the moment. The report is produced by explainthemarket.com in partnership with FinnCap
Presenter Matt Brown and Core London CEO Nick Batsford discuss the hawkish/dovish Fed scenarios and the potential impact on the markets major markets.
Listen to the full segment as Brown and Batsford discuss if the Fed can and will talk about the Dec rate hike.
Fed, #centralbanks, #markets, #trading, #investing, #interestrate, #ratehike, #fundamentals, #macro, #US, #UK, #finance
Panmure Gordon Senior Market Commentator David Buik weighs-in on the BAE and the Qatar contract and what it means for the BAE Systems.
BAESystems, #stocks, #equities, #markets, #trading, #investing, #UK, #finance
TOYS R US has applied to Chapter 11 for bankruptcy protection. Panmure Gordon Senior Market Commentator David Buik believes all is not lost, but it does not look good, with a debt mountain of $5 billion, with $400 million due to be repaid next year.
ToysRUS, #stocks, #equities, #Chapter11, #markets, #trading, #investing, #UK, #US, #finance
Panmure Gordon, Senior Market Commentator at Panmure Gordon says that BoE Governor Mark Carney's long-term comments (UK economy risks decoupling from Europe or world economy) are cause of concerns. Though Buik does not agree with Carney's take on the economy, he does say that faster rate hikes will be risky.
Carney, #BOE, #centralbanks, #monetarypolicy, #trading, #investing, #macro, #fundamentals, #UK, #finance
Markets are tentatively higher this Tuesday morning, says Presenter Matt Brown as all eyes are on the Fed. Watch the full segment as Brown and Core London CEO Nick Batsford discuss-
Outlook for WM Morrisons and YU Group
FX update: GBP/USD & Gold
Broker Upgrades
Economic Calendar Preview
markets, #trading, #investing, #stocks, #equities, #macro, #fundamentals, #Fed, #centralbanks, #technicals, #US, #UK, finance
Market Commentator Richard Matthews says the lack of experience in The City and the algorithms could end up exaggerating the sell-off in the markets. Matthews also explains the bright future for the Fintech industry in the UK.
Mike Van Dulken, Head of Research at Accendo Markets and Presenter Mat Brown discuss the cautiously positive action in the equities ahead of the Wednesday's FOMC rate decision and the reason behind the move in the BAE Systems share price this Monday morning.
Listen to the full segment as Mike Van Dulken shares his view on the Fed, BAE Systems, Pound exchange rate and economic calendar