Yields this, dollar that but today we got to ignore them (well as much as possible) and look under the hoods of some of Europe’s biggest companies. Far more interesting than what ECB speakers have to say about rate cuts and inflation targets as this was a look at how these big heavyweights have fared in the first quarter with yields elevated and the consumer surely coming under a pressure!? LVMH bounced 3% after results that were maybe not as bad as feared post some recent moves in the likes of…

The Snapshot doesn’t dwell on the weather too much for obvious reasons but last night was ridiculous – 4 seasons not in a day, but in an hour as I was caught in Hail, sun and then rain on my way home. The one we’re most concerned about is certainly the Winds that have been changing the past few days in Equities and we were certainly a little rocked by the moves after we left for the day. The Stoxx 600 opened down over >1% with a broad based risk off stroke of the brush but never really felt lik…

A bit of a spring cleanout in the Morrison household at the weekend and the outcome was despite the amount of arguments it creates it is a very therapeutic process. It’s an interesting experiment so we created a rule to make things simpler: it didn’t matter about how much it cost, if we hadn’t worn/used in a year and don’t envisage that changing in the next year it was for recycling/charity shop. Fair is Fair. Now I have no experience of investment management but this felt a little bit like Equ…

Another choppy day in European Equity markets without learning a huge amount as the Stoxx 600 fluctuated between small gains and losses but ended lower on the day to the tune of 44bps. A macro sort of day following yesterday’s large moves within the FX and Fixed Income worlds and it still feels like this Equity market is playing second fiddle. There was a small pick up in volumes today but post yesterday’s shifts and today’s ECB meeting you would have probably expected activity to be higher.. T…

A gorgeous day in London today and there was a definite temptation to spend the morning sat outside a coffee shop, reading the paper and watching the world go by – enjoy the simpler things in life – It was that kind of morning. No real reason to log on until 1 and get primed and ready for the CPI print which did indeed go on to dictate the day. March CPI was hot across the board though the breakdown was actually quite muted – Energy up 1.1% on the month vs 2.3% in February; Shelter was still 0…