Royal Mail rallies as UK’s FTSE 100 advances

MB Capital trading director Marcus Bullus was “cautiously optimistic” on the FTSE, preferring to be “long” by betting on gains rather than going “short” and betting on a fall. However, Bullus added he would look to U.S. employment figures due later on Friday for directions on how to trade the FTSE. U.S. employers likely hired […]

Lloyds lifts Britain’s FTSE to two-month highs

The FTSE 100 hit a peak of 6,867 points in late January, which was close to its highest level since early 2000, but then slipped due to concerns over a downturn in emerging markets and geopolitical tensions in Ukraine. A 3.8-percent fall at Sainsbury prevented the broader market from making bigger gains, after brokerage Bernstein […]

Bank on HSBC

It’s time to bank on a recovery in HSBC says Marcus Bullus at www.mbcapital.co.uk. The banking giant looks like the most attractive opportunity in the sector right now, with buyers coming in to support the price above its 200-day exponential moving average. Short-term speculators can therefore go long here, placing a stop below that line. […]

Tune back into Sky

Investors have been switching off BSkyB (BSY) just lately, says Marcus Bullus at www.mbcapital.co.uk. The stock has tumbled from its March highs of 900p and the recent concerns over BT’s aggressive launch of its sports package to compete against Sky’s offering seems to have been more than priced in. Sky is currently finding support around […]

US economy adds just 88,000 jobs in March

The US economy added just 88,000 jobs in March, the lowest increase for nine months, official data has shown. The number was much weaker than the rise of approximately 200,000 predicted by economists, and will inevitably raise new concerns about the strength of the US economic recovery. At the same time, the US jobless rate […]

ARM shows muscle

Arm has the strength to lift itself higher, says Marcus Bullus at www.mbcapital.co.uk. A recent wobble in the share price has wrestled Arm down to its 50-day exponential moving (EMA) average, a level that provided a floor when last tested in October. The share is now the most oversold it has been in the past […]

US economy creates 200,000 jobs in December

Government employment was little changed in December but was down by 280,000 over the year The unemployment rate had remained stubbornly high at about 9% for several years, peaking at 10.1% in October 2009. But December marked the fourth month in a row that it had fallen, after routine updates were made to previous months’ […]