ASML goes straight to the top of my most disliked names having positively ruined what I had written planned to write for the Snapshot with an unscheduled warning ahead of their numbers tomorrow morning. ‘A relatively calm day’… ‘Stoxx 600 closed flat’ … ‘All awaiting LVMH’ nearly all scratched from the ledger! The -15% move in ASML did nearly all of the 80bp damage to the Stoxx 600 and it hit a number of names in the U.S too. There will be plenty of eyebrows raised at the order push out, the s…

I don’t’ know if anyone else has this but my absolutely #1 critical commuting rule is…do not speak to anyone. Its just about acceptable at the stations but a gentle head nod will suffice on the carriage when you see a client like I did this morning. Let’s be honest, no one (especially a client) wants to communicate as the clock just ticks past 6am on a cold and wet Monday morning and on quiet days like today and when earnings season hits us shortly it is one of the busiest times of day. With J…

It’s always nice when a plan comes together – Simon Baker’s call on GSK would be that after correctly predicting that they would settle most outstanding cases in the Zantac litigation for dramatically lower than estimated by the broader market. It was therefore slightly surprising to see the move throughout the day lower after initially opening +7% and we still think this is a buying opportunity for a stock that is c50% cheaper than the rest of the sector! For more winning trades, our Spec Sale…

Given that a weekly game of football must now be followed up with 30 minutes of stretching just so I can walk the following morning, I’ve recently had some regrets about throwing the towel in on a largely unsuccessful golf-career in my earlier years. The lack of adrenaline over 18-holes never did it for me back in the day, and it was a similar story behind the screens today with little to shout home about as investors were in ‘wait and see’ mode ahead of US CPI tomorrow and Q3 earnings which ki…

I struggle to think of a mobile application which has provided more value than Revolut.. seamless money transfer, effortless splitting of bills, various pots for saving and many more features all within a smooth and slick interface. A must own for anyone who doesn’t, and a recent discussion at the desk about whether Revolut or its UK competitor Monzo reigns supreme has prompted me to extend this debate to the Snapshot audience for help in clarifying which is the winner of the two. Now, given th…

With today marking the 1-year anniversary of the Oct 7th Hamas attacks, this edition of the Daily Snapshot will skip the usual attempt at a light-hearted intro and move directly into the detail as Oil rises another 3% today, breaking through short-term resistance level of 80 on Brent, with the latest reports from Israel’s Channel 13 citing a US Security Official who states that Israel’s response to Iran is reportedly now ‘imminent’. Sticking to Oil, we now segue into an update from one of our t…

A brace of brighter days here in London has blessed our floor with an abundance of much-appreciated natural light and given the fact that the gaffer has just departed on a flight towards the continent, my mind could be forgiven for wandering back to a sunnier period spent in Spain last week. However, this daydreaming was short lived after recalling that I fell victim to some unexpected overspend in Marbella, ultimately leading me to the discovery of an article on a Romanian-Australian economist…

Panicky times for dealing desks around the City today… Not the geopolitical events which rumble on or the heightened volatility that comes with it. I’m talking of course of the street wide Bloomberg issues that happened over lunchtime and meant people had to actually speak to each other. Can you even imagine?! We love picking up the phone at Redburn Atlantic of course and we’re lucky enough to always have something to talk about but it’s safe to say that post pandemic there are a few out there…

Right – well that’s the first day of Q4 complete and what a start it was. It began on a relatively quiet note, with most of Asia shut and a hesitant feel to markets following some slightly hawkish commentary from Jerome Powell last night. On the flip side, plenty of noise could be found on the 7th floor of Capital House, which played host to an orchestra of power drills, furniture assembly and various other fun new machine noises which kept us all on our toes as investors listened to Christine…

Plenty of chaos change this morning here at Redburn Atlantic as we completed our first full day in our new office, and a special thanks is owed to all who helped get the show up and running today and ensuring that we started fresh beginnings on the right foot. Out with the old and in with the new, as the saying goes, and the direction of European equities during today’s session was less smooth, as we pulled back from Friday’s fresh ATHs to conclude Month & Quarter end on a down-day. Sentiment w…