DOW Jones Sets New High
The Dow Jones Industrial Average set a new record high today stepping through 21600 with an intra-day high of 21682 to settle 21637 at close. Just how much higher can the DOW 30 go this year? Much of the record-breaking increase is attributed to Federal Reserve chair Janet Yellen’s comments …
£ Pound Up!
Pound goes up through $1.30. Pressure on the $ dollar as US inflation data could reduce the prospects of a 3rd interest rate hike from the Federal Reserve this year. US consumer prices were unchanged and US retail sales fell in June for the second month in-a-row. All having an …
US Inflation & US Retail Sales for June
US inflation (Consumer Price Index) for June remains unchanged at 1.5% – data from the US Bureau of Labor Statistics shows and US retail sales for June fell unexpectedly for a second month in a row – data from the US Commerce Department.
Tokyo Stock Exchange Closed
Just a reminder that the Tokyo Stock Exchange will be closed on Monday 17th July 2017 for national holiday – Japan Marine Day. And for your information – Marine day is a holiday time used by Japan to reflect on the importance of the ocean as an island nation. So …
US company reporting season kicks-off!
The US reporting season gets underway today with banks: Citigroup, J P Morgan Chase & Wells Fargo reporting first . The DOW Jones is hovering at record high – let’s see what effect these results have over the next week or so… DOW 30 to go through 21600 or drop …
EasyJet Post BREXIT plan
EasyJet is making contingency plans for post-BREXIT. The company is to establish a new airline, EasyJetEurope. Regardless of the outcome of UK-EU BREXIT negotiations – this plan will permit EasyJet to continue to operate flights across Europe unaffected when the UK leaves the EU. EasyJet PLC (EZJ) share price as …
Carillion
Very tough week for Carillion – share price down 70% after a performance warning – (although I notice this morning it has picked up a little). I’ll be perfectly honest with you, I didn’t know much about this FTSE250 company, I still don’t – but I intend to do some …
UK Productivity and low interest rates
I have a question… We have low interest rates and therefore access to cheap money – businesses have enjoyed this benefit for years. We see reports suggesting businesses are doing well – look at the recent market highs – yet productivity is still very low, much lower than it should …
Indian Markets
Intra-day record highs were reached in Indian markets. The SENSEX went above 32000 and the NIFTY 9900 for the first time – both retreated. Most Asian markets made gains following Wall Street. The Federal Reserve indicated that interest rate rises would be gradual – the markets generally reacted positively to …