| | | | | | | Momentum Investing 5 FTSE Stocks Currently on Momentum At its core, Momentum Investing is about understanding the psychology of the market and how traders tend to "rush" into certain stocks. The goal being to identify and profit from such bull rushes. This report delves into the concept and looks at 5 Stocks that have seen positive momentum in 2018. Losses can exceed deposits. Download Report | | |
| | London open: Stocks rise as traders eye BoE announcement |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London stocks rose in early trade on Thursday as investors eyed the latest policy announcement form the Bank of England. At 0830 BST, the FTSE 100 was up 0.4% to 7,658.78, while the pound was down 0.1% against the euro at 1.1376 and 0.2% lower versus the dollar at 1.3144 ahead of the BoE rate announcement at 1200 BST. The bank is expected to keep interest rates at 0.5%, with a 7-2 split just like in May, but it could start to guide the market towards a move later in the year. Lee Wild, head of equity strategy at Interactive Investor, said the BoE meeting is a "non-event". "There’s no way the MPC will raise interest rates at lunchtime, and even August is looking doubtful now. Hot money’s shifting to a November hike, or even later. Alongside receding inflation concerns, political mismanagement of the Brexit process and dollar buying, it’s no wonder sterling remains glued to a seven-month low. "That may change if Donald Trump continues his game of brinkmanship with the Chinese over trade tariffs. It’s a dangerous policy not just for China and the US, but for Europe, Canada and America’s other trading partners. There’s still a good chance this is just more Trump chest-beating and not a situation that will spiral out of control, which explains why we’re seeing buying on any dips in equity markets." Meanwhile, Oanda analyst Craig Erlam argued that there hasn't been sufficient evidence yet that the downturn in the first quarter was a blip. "The recent retail sales data was encouraging and there has been some improvement in the PMI surveys which provides hope but I'm not convinced that will be enough." Erlam added that with Brexit negotiations at such a critical stage, it would be an odd time to be hiking interest rates. "Later in the year when we have more clarity would surely be more suitable." Miners were the standout gainers, with Rio Tinto, Glencore, Antofagasta and Anglo American all higher. Dixons Carphone was on the front foot as its final results filled in the gaps after it announced the key points of a disappointing year in a recent profit warning. For the 12 months to 28 April, revenue increased of £10.5bn was up 3% on the previous year, with like-for-like sales up 4%, but profit before tax falling 24% to £382m. Over-50s specialist Saga was also higher after saying it traded in line with expectations in the first four months of its financial year as it wrote more motor and home insurance policies. Shire gained after saying it has secured approval from the US Food & Drug Administration to expand the offering of Cinryze to children aged six years and older with hereditary angioedema. HICL Infrastructure ticked up as it announced that it was part of a consortium with a subsidiary of Mitsubishi Corporation that has been selected by Ofgem as the preferred bidder to own and operate the offshore transmission link to the Race Bank offshore wind farm project. As is usual on a Thursday, ex-dividend stocks were shaving some points off the FTSE 350, with United Utilities, Big Yellow, Tate & Lyle, Compass, Experian and NewRiver REIT in the frame. On the broker note front, Crest Nicholson was initiated at 'buy’ at Liberum, while Rio Tinto was lifted to 'buy’ by HSBC and Virgin Money was cut to 'neutral’ at JPMorgan. |
| | Market Analysis 20/06/2018 | | TradeYour capital is at riskTrade war tensions continue to hit stocksMarkets worldwide felt the pressure on Tuesday as tensions between the US and China escalated and U.S.... Read More.. |
| | Market Status | Top 10 FTSE 100 RisersTop 10 FTSE 100 Fallers |
| | Atlantic Advisory - Share Tips of the Year 2018 | | Download Our Latest Report Here Losses can exceed deposits |
| | US close: Markets finish mixed as trade tensions remain hot | | Trading on Wall Street finished on a mixed note on Wednesday, with the Dow ending in the red and other indices recovering somewhat from the heavy losses seen earlier in the week, as investors appeared to set aside at least some of their worries about a trade war between the US and China. The Dow Jones Industrial Average finished down 0.17% to 24,657.80, while the S&P 500 rose 0.17% to 2,767.32 and the Nasdaq 100 added 0.73% to 7,280.70. “The market's rebound waned as Wednesday went on, investors struggling to find a reason to keep the gains going into the afternoon,” said SpreadEx financial analyst Connor Campbell. “The Dow Jones, which at one point looked like it was going to reclaim 150 points, ended up starting the US session flat, the wrong side of 24700. “There was little for the index to really work with on Wednesday, beyond the ever-looming threat of a full-blown trade war between the world's two largest economies.” Stocks ended in the red across the board on Tuesday, as tensions between Washington and Beijing escalated after president Trump said his administration was considering hitting China with further tariffs on $200bn-worth of imported goods if it retaliated for earlier moves from Washington. On the data front, the US current account deficit grew to $124.1bn in the first quarter, from a revised figure of $116.1bn in the fourth quarter of 2017, according to the Bureau of Economic Analysis. Economists had been expecting a deficit of $129bn. The deficit was 2.5% of current-dollar gross domestic product in the first quarter, up from 2.4% in the fourth quarter. Sales of previously owned US homes unexpectedly dropped in May as a lack of inventory and higher asking prices weighed on demand, according to the National Association of Realtors. Contract closings fell 0.4% month-on-month to an annual rate of 5.43m, short of estimates of a 5.52m figure and median prices increased 4.9% year-on-year to a record $264,800. Meanwhile, as part of his prepared remarks before a central banking conference in Portugal, Federal Reserve chairman Jerome Powell cautioned central banks against running an excessively hot labour market in case it undermines their credibility on low and stable inflation. "With the economy strong and risks to the outlook balanced, the case for continued gradual increases […] remains strong,” Powell said in Sintra. Powell added that unemployment appeared set for a further drop but with wage growth remaining somewhat moderate, "the labour market is not excessively tight". In corporate news, shares in Winnebago shot up 10.02% at the open following the release of its third-quarter earnings, while those of Starbucks sunk 5.60% after cutting its third-quarter sales forecasts on Tuesday. The company said it is planning on ramping up the number of store closures next year. Elsewhere, Oracle lost 5.38% after its earnings beat but guidance was weak, while General Electric fell 1.16% after S&P Dow Jones Indices said it would replace the company with transatlantic drug retailer Walgreens Boots Alliance - up 3.34%. AT&T dipped just 0.11% following a report that it was in talks to buy advertising technology group AppNexus. |
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| | Thursday newspaper round-up: Brexit, Tesla, housing market | | Theresa May could once again be on a collision course with the Brexiter wing of her party over a controversial proposal to keep the UK in a single market for goods. Whitehall sources said they believed free movement of goods was “100% the direction of travel” as the prime minister’s focus shifts to the next battle over Britain’s future relationship with the EU after next week’s Brussels summit. - Guardian The government plans to safeguard London’s position as the world’s leading financial centre after Brexit by signing a series of financial partnerships with non-EU countries. Philip Hammond will use his keynote Mansion House to the City’s elite on Thursday to say that the government intends to strike deals outside of the single market that will make the UK a gateway to financial markets. - Guardian Tesla has filed a lawsuit against a former employee, claiming he hacked into the electric car maker's accounts and shared trade secrets with third parties. In the lawsuit, filed in Las Vegas, Tesla alleges a former technician at its Nevada Gigafactory, Martin Tripp, passed on information including photographs and videos of its systems, to others after he was reassigned due to poor job performance. - Telegraph Instagram's rapid growth is showing no signs of slowing, as it revealed it has hit 1 billion monthly users, and unveiled plans to expand into long-form videos. The photo-sharing app, which is owned by Facebook, last revealed the number of users on its platform in September, when there were 800 million people using the app. It has added around 200 million users each year for the past two years. - Telegraph A top civil court has attacked the City watchdog for not pursuing more senior bankers over their involvement in rigging Libor, describing the case against a junior trader as “troubling”. A ruling on Tuesday questioned the Financial Conduct Authority’s decision to pursue Arif Hussein, a former UBS trader, despite him being “relatively junior” and involved in only a “limited number of chats” linked with manipulating benchmark borrowing rates. - The Times The housing market in England and Wales has lost more than £1 billion in value in only a year as the sharp slowdown in London’s housing market drags down the total. It is first time since 2011 that the value has fallen, according to the Office for National Statistics. In the year to December 2017, the market lost £1.2 billion in value, falling to £259 billion. - The Times | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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