Gold up equities down. The North Korean missile launch over Japan overnight has made investors nervous again. Gold and equities move in opposite directions as investors move to gold perceived as a safe haven during uncertain times.
London Stock Exchange closed Monday. No markets open Monday 28th August 2017 due to UK bank holiday.
Profit warnings this week. Should we be more concerned about the profit warnings issued this week? Is it just individual company performance or a more wider concern? I don’t know. Dixons Carphone PLC (DG.), WPP Group PLC (WPP) and Provident Financial PLC (PFG) fired profit warnings at us for varying …
Much is being made by the media of the Jackson Hole meeting on Friday. I think after years of stimulus brought on by the global financial crisis it has to be time to move back to a more ‘normal’ environment – whatever ‘normal’ is now. Debt has been fuelled by …
Lower on Wall Street. The Dow Jones Industrial Average ended lower yesterday (24/08/17) to close below 21800 at 21783. The S&P 500 closed at 2438. Investor uncertainty continues ahead of the central bankers gathering at Jackson Hole on Friday.
Dixons Carphone shares plunge After a surprise profit warning announced Thursday morning (24/08/17) Dixons Carphone shares took a dive. At 12:30 the share price was down by 22% – it had been lower. The company warned pre-tax profits would fall below the previous year. Lower sales of mobile handsets is cited …
Wall Street slides. At the bell yesterday (23/08/17) the DOW Jones Industrial Average, The S&P 500 and NASDAQ where all down. Much of the uncertainty stems from Donald Trump’s threat to ‘shut down government’ if funds are not secured to build the Mexico/US wall! Doesn’t inspire much confidence does it …
Sterling stumbles The pound fell both against the Euro and dollar yesterday (23/08/17) and continues to struggle. The pound fell to an eight low yesterday at $1.2782 Will the pound come under more pressure from ECB president Mario Draghi when he makes his speech at Jackson Hole on Friday? Fed …
Hong Kong stock markets closed As a powerful Typhoon category 10 storm Hato hit Hong Kong on Wednesday.
Stock market movements – today 22/08/17 The DOW Jones Industrial Average closed at 21899 after gaining nearly 200 points today. S&P 500 closed up at 2452 gaining 24 points. The NASAQ closed at 6297. The DAX index was up 1.4% to 12229 – adding 163 points The FTSE 100 closed …
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