Well there was never really doubt where we were headed today was there? Appetite for risk has completely absconded with a plethora of reasons for mkt concern and our charts wizards are on the ball as always with important levels to be aware of now that Sept seasonality looks to be well underway. We kicked off proceedings on the back of a pretty bleak handover from the US, which saw the SOX index fail to clear its 50dma alongside fresh new lows for the Mag7 which is now a relative underperformer…

It feels like the words ‘wait and see’ have been haunting those behind the screen here in Europe for quite some time now and as we exit the ‘end-of-summer lull’, those hoping to trade some daylight hours in exchange for an uptick in volumes may have found small respite in participation levels improving vs the 5 &10d ma’s today, but sadly well below the 20d as much of today’s session was spent waiting for US mkts to reopen following Labor day. Mean reversion was behind most early moves, as yday…

Well it felt like we were trundling down a narrow creek for the earlier part of today’s session, trickling along off early lows, with volumes light ahead of the latest weekly US jobs data which is normally nothing to write home about but felt firmly in the spotlight today as angst continued to linger following last week’s soft NFP number. Further publications around a US recession this morning did little to quell fears, with yesterday’s bounce feeling largely in the rear-view mirror.. that is,…

*And… Breathe!* Well – there you have it , the busiest day of corporate earnings behind us here in Europe as over 110 companies took to the stand earlier. It was easy to feel like you were caught in the whitewater with results flooding the tape and there was little time for investors to surface for air as some unforgiving single-stock moves drove sentiment firmly to the floor as the Q2 results picture continues to be murky. Pain was exacerbated in French equities, with the CAC 40 (-1.15%) makin…

Well it’s safe to say that the past few Sundays have not been shy of any drama, with each edition serving up a cocktail of sporting thrillers and political bombshells alike. The former included yesterday’s All-Ireland Hurling final which saw Clare keep Cork at bay in spectacular fashion with a nail-biting finish that is well worth a watch! For the latter, we jump across the Atlantic from Dublin to DC, where the final whistle was blown on President Biden’s 2024 US election hopes as he stepped as…

Having enjoyed some time-off last week moseying about the Basque country, the highlight has to have been the few days spent marvelling at the festivities of San Fermín. Cobblestone streets that echo from the clatter of marching bands, bars which seem to never close, all followed by a tumbling sea of white and red during el encierro, which kicks off at 8am and definitely not for the faint hearted. Fast forward to today, and the colour red has been difficult to escape, as earnings related decline…

Well whether you’re celebrating Independence Day or just the return of the sunshine I’m sure you’ve allocated plenty of time to read today’s Daily Snapshot (ahem) amidst the sizzle of your star-spangled barbecues, eagerly anticipating tonight’s pièce de résistance. While our American friends focussed on their hotdogs, it appeared that today’s fireworks were indeed reserved for celebrations across the Atlantic, with markets missing their spark as EU indices trudged higher on greatly reduced volu…

Ah, the art of preparation! Picture this: a hearty dinner, your chosen attire neatly laid out and a good night’s sleep under your belt – the background hustle before the main event. Now, if you’re curious about what happens when such hustle goes awry, let’s rewind to last week’s US presidential election debate where President Biden was caught enjoying forty winks, mid-sentence, in front of over 51 million viewers. His excuse? Jetlag. A costly nap for sure and probably didn’t bode very well for…

So, the key question of the day has to be: Has anyone found a hayfever treatment that doesn’t solve your hayfever by completely knocking you out? Allevia, Benadryl, Claritin, Piriton all tried and none of em have made a dent. Ozempic may be Novo Nordisk’s obesity wonder drug but surely the next winner in pharma world is whoever cracks the pollen problem. The market itself was a bit drowsy today with election uncertainty doing little to relieve headaches as equities slid throughout the session…

Hearing the words “I almost wish we had lost, just for the whole thing to be over” for the second time before 6:20am really highlights the angst of being an England fan right now, but some late wizardry from Bellingham followed by a firm header from Kane helped the nation breathe a sigh of relief last night and puts nerves at ease (until Saturday!).. There was no late winner today, as the pre-market relief rally on Le Pen’s more modest victory (recvd 34% of the vote, polls predicted 37% as of F…