Coming back to Amazon AMZN US its seems that (my) objections are being over ridden as the company announces a $38.00 billion deal with AI darling Open AI (never mind the fact that Open AI is loss making and it’s writing cheques it probabaly can’t cash ,right now).
I seem to have an affinity with Finnish stocks this week: First of all Nokia announced a $1.0 bln investment from AI giant Nvidia NVDA, yesterday, that news sent Nokia up by +20.0% .
However i had been bullish on the name since early October – see the green line below. so the Nvidia move was icing on the cake.
Quantum Computing stocks are heading hire in the US again today led by D-Wave QBTS US.
This very much as momentum and sentiment driven sector and one that’s highly volatile as result but there are opportunities despite or perhaps because of that.
For example, D-Wave stock QBTS wa s up by just +3.83% at 13.16 London time today in the US pre…[Read more]
Talk of a outline trade deal between China and the US has seen Markets trade higher this morning. Details of the deal will supposedly be confirmed when the Presidents of the two countries meet in South Korea, on Thursday. A confirmed deal would be good news, though as ever the devil will be in the detail.
Ahead of next months UK Budget several sources point to the likelihood of a further rise in the National Living Wage for example this from Panmure Liberum.
“Whilst it won’t be confirmed until the Budget, the rate for the National Living Wage looks set to increase by 5.4% from April 2026 according to the ASHE data released yesterday. The Low Pay C…[Read more]
Meanwhile JP Morgan shares some highlights from its recent Global Capex Survey saying that “our survey paints an increasingly bullish picture for the demand outlook for data centers
(DC) and associated upstream infrastructure capex,”
Adding that ” Within the coverage, this backdrop supports our OW ratings on Siemens, Legrand, Prysmian and IMI,…[Read more]
Morgan Stanley writes on European equities this morning, highlighting the potential for accelerating M&A activity on the continent. The bank’s analysts say that:
” Europe is benefiting from the global M&A upswing. Our team lays out a compelling
case for a continued recovery in global M&A volumes from still well below cycle-average
or peak levels.…[Read more]
US CPI data was out a little earlier this afternoon, and to be honest, it surprised most people in the market, coming in below expectations. True, inflation in the US is still rising, but it’s doing so at a slower pace .
Eben Core Inflation, the measure that I tend to watch, slowed to just 3.0% from prior prints at 3.10% see the chart below.
I have been watching Sweden’s Svenska Handelsbanken AB for several weeks now as the stock gently moved higher, testing back to horizontal resistance <earnings today haven't provided a catalyst for a move higher, unfortunately, with Bloomberg reporting that
"Svenska Handelsbanken AB reported third-quarter profit from lending that was broadly…[Read more]
In terms of movers today in the UK and Europe, British Land Rallies on a strong trading update, boosted by the return to the office – BLND LN has risen by +5.30% to trade at 382.4p. The real Estate sector in the UK has been in focus this week, with bid speculation around Big Yellow Group BYG LN and a sympathetic move higher in Safestore SAFE LN.…[Read more]
Morgan Stanley writes on European Airlines today, under the title “Short Haul Pain, Long Haul Gain” IAG is their top pick; the British Airways and Iberia owner is listed in both London and Madrid. MS points to transatlantic strength and higher levels of profitability and cash flow at IAG. RYA Ryan Air is also rated as overweight. Despite…[Read more]
In fact, UNA NA, that’s the Dutch listed line in Unilever, catches my eye; they recently gapped higher and have their Q3 trading update on October 23rd. I also note the positive divergence between Unilever and Procter and Gamble PG in the US, see chart two.
It’s very interesting to note that in Europe, the 5-day gainers (that’s stocks with 5 days of consecutive price gains), which have decent volume, are almost entirely comprised of Energy names and Utilities and Unilever.
