Still no love for Europe? Equity indices in Europe dropped last week as risk appetite waned into the weekend, whilst US stocks closed Friday at record highs, albeit the rally since the March lows has been very uneven – all the chatter over the weekend was about a K-shaped recovery. Can beaten down value stocks […]

Fed… a classic case of reacting too slowly then doing too much? First 75bps hike since ‘94…was not communicated beforehand, I didn’t think they would surprise like this, but it’s probably the right move, just a little late. Stocks rallied – the Nasdaq rose 2.5% and the S&P 500 was up 1.5%…markets seemed to be […]

Shares in Uber rose 6% to over $36 in pre-market trading after the company secured its right to operate in London for another 18 months. This is an important victory for the company and removes a significant regulatory overhang, but the pandemic continues to exert an enormous drag on earnings and present management with a […]

Shares in Shell slumped 7% as it cut its dividend and reported net income in the first quarter almost halved. Whilst BP chose to absorb a $6bn rise in net debt to $51bn and gearing above 36x in order to preserve its precious dividend, Shell seems to be taking a more prudent approach in cutting its dividend for the first time since the […]

Apple shares saw a rally on Monday, marking their first daily gain in 2024 after the tech giant announced the availability of its Apple Vision Pro mixed-reality headset.