Big week for company reporting
Many US & UK companies report this week – far too many to list in this one update. Something like 150 or so companies from the S&P 500 are due to report, 25 from the FTSE 100, 35 from the FTSE 250 and then on-top of that lot a raft …
The BREXIT Foresight Saga
It’s hardly surprising – to me at least, that we are so divided over BREXIT – after all, the referendum pretty much split the country 50/50 and that split is reflected in the ‘in-fighting’ we now see running right across our party politics. Call me old fashioned – but shouldn’t …
New Feature – Share radar to start next week
I will be starting a new feature beginning 24th July 2017. It will be about stocks that have ‘blipped’ on to my radar for further attention and research. At least once a week I will share with you some stocks that are of potential interest to me – so please …
Wall street Indices close lower
The DOW Jones Index, the S&P 500 and the NASDAQ all closed slightly lower Friday (21/07/17) – only down by a small percentage though. Still holding at high levels!
FTSE 100 closes lower
The FTSE 100 closed lower today at 7452. The best FTSE 100 performer was: Paysafe Group PLC (PAYS) – up 6.8% on the day and the worst performer was: Acacia Mining PLC (ACA) down 17% on the day.
Greece’s outlook improves
It doesn’t seem that long ago GREXIT was on the agenda and that the EU was going to collapse as we know it! Now Greece is on the mend. Today I notice that the outlook for Greece has been revised to positive from stable by Standard & Poor citing improving …
Bank of Japan
The 2% inflation target is eluding the Bank of Japan (BOJ). It still appears to be some way-away before this target is reached – and maybe not until 2020? Loose monetary policy is to be maintained at a time when other central banks appear ready to slowly tighten theirs.
FOMC Two-day meeting starts on 25th July
Heads up! The Federal Open Market Committee (FOMC) starts a two day meeting on Tuesday 25th July to decide its policy on interest rates.
Are US shares world’s most expensive?
US indices have been trading this week at record levels. Based on price to earning ratios the US sits at around 30 times and that’s high. But is it the highest it has ever been and can it go higher still?
Hyperloop News
Just seen this update tweeted by Elon Musk about him receiving ‘verbal’ government approval to build hyperloop on America’s East Coast. Science Fiction becoming science fact. Shouldn’t the UK government look at this idea for the HS2?