The Rentokil share price soared to a record 636p in November. While overpaying for rival Terminix has seen it fall to 570p for now, this proposed new entity will be the largest pest control company in the world.
Source: Bloomberg
Indices Shares Rentokil Initial Terminix Pest control Pr
Nasdaq Pullback
Dec 20, 2021
By: James Blakeway, Tastytrade
Whether you want to blame it on the spread of the Omicron variant and impending global lockdowns or the upcoming slowdown of the Federal Reserve’s asset purchase program, the broad stock indices are taking a turn. Gone are the days of back-to-back, nonstop rallies in the S&P 500, Nasdaq-100 and Russell 2000, for now at least. The S&P and Nasdaq hit all-time highs on November 22nd, while the Russell found its high
Agriculture is one of the world’s oldest markets. Though it’s been negatively affected by COVID-19, it’s made an impressive recovery. Check out the agribusiness stocks to consider in 2022.
Source: Bloomberg
Shares Commodities Agriculture ETF Agribusiness Dividend
When the UK first entered lockdown on 23 March 2020, the FTSE 100 had just collapsed 30% in the space of a month. With the Omicron variant surging, could a January lockdown cause a similar fall?
Source: Bloomberg
FTSE 100 Indices Inflation United Kingdom Lockdown Interest rate
Does the Aptamer IPO make it the next Biotech stock to watch?
Biotech stock Aptamer is launching its IPO on 22 December, just three months after Oxford Nanopore. Does the York-based start-up's cutting-edge medical technology make it the next stock to watch?
Source: Bloomberg
GBP, FTSE 100, FTSE 250, BOE Analysis and News
BoE Rate Liftoff Despite BoE’s Cautious Communication
Historical Performance of UK Assets During BoE Hiking Cycles
The Bank of England surprised market participants yet again by raising interest rates by 15bps to 0.25%. I say surprised given that ahead of the December meeting, notorious MPC hawk, such as Saunders cast doubts over a rate rise, having mentioned the potential advantages of delaying a hike in order to assess the i
What are IG’s Christmas trading hours?
During the festive period there will be some changes to our normal opening hours*. All times listed are in AEDT.
Thursday 23 December
Normal trading
Friday 24 December
US index futures close a
SPDR S&P 500 ETF, NASDAQ 100, VIX AND MONETARY POLICY TALKING POINTS
The S&P 500 completed a volatile range swing to end this past week, but the index clearly lacks for an explicit bearing
In a mirror to the S&P 500, the Dollar’s rally has pushed the upper boundary of its own multi-week range without committing to a clear trend
While there is some notable event risk and open-ended themes like monetary policy ahead, the name of the game is liquidity until the new y
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 20th December 2021. These are projected dividends and likely to change. IG cannot be held responsible for any changes made.
Dividends highlighted in red include a special dividend, therefore some or all of the amount will not be adjusted. Amount in brackets is the expected adjustment after special dividends excluded (where shown on major indices). Dividend adjustments due to be posted
GBP/USD PRICE, CHART, AND ANALYSIS
Tories lose the North Shropshire seat for the first time in nearly 200 years.
UK PM Johnson is under increasing pressure.
Sterling is underpinned by a supportive macro backdrop.
Keep up to date with all market-moving data releases and events by using the DailyFX Calendar
UK PM Boris Johnson is fighting to save his political career after a humiliating defeat in the North Shropshire by-election. The by-election, trigger
The Boohoo share price has fallen 64% over the past six months. With increased transport costs, extended delivery times, and rising returns, can the fast-fashion retailer recover in the new year?
Source: Bloomberg
Shares Boohoo.com Price United Kingdom Share price Earnings before inter
EURO, BRITISH POUND, EUR/USD, GBP/USD, GBP/JPY TALKING POINTS:
It’s been a busy 24 hours around markets and this morning brought rate decision from both the European Central Bank and the Bank of England.
Yesterday’s FOMC rate decision appears well received by equity markets at this point, helping to drive the risk-on theme across markets as the Fed threaded the needle of delivering a hawkish message with a dovish bias.
The analysis contained in article relies on price action
The US Federal Reserve has announced a reduction in policy support at its final meeting of 2021. However, the markets have reacted positively to the move.
Source: Bloomberg
Shares Federal Reserve Federal Open Market Committee Inflation United States Economy of the United States
The Bank of Japan is set to hold their monetary meeting across 16 – 17 December 2021, with the meeting bringing about a review of its Covid-19 business financing aid package.
Source: Bloomberg
Forex Indices Bank of Japan COVID-19 pandemic Japan USD/JPY
GBP PRICE, NEWS AND ANALYSIS:
The Bank of England announces its decision on UK monetary policy at 1200 UK time this session.
Lacking any clear guidance from the central bank, the markets are split on whether it will leave Bank Rate on hold at 0.1% or increase it to 0.25%.
That makes the next move in GBP/USD hard to predict but judging by the reaction in EUR/USD to a hawkish Federal Reserve, even a UK rate rise could prompt a move lower in GBP/USD.
SPDR S&P 500 ETF, FED DECISION, YIELDS, DOLLAR AND VIX TALKING POINTS
A charge from the S&P 500 to just below its record high and an eventual slip from the Dollar would seem to indicate a ‘dovish’ shift from the Fed
In reality, the US central bank accelerated its hawkish policy course further than the markets had anticipated by doubling the taper clip ($30 billion/month) and projecting three 2022 hikes
The unusual market response in the immediate aftermath of the US r
GOLD, FOMC AND US DOLLAR TALKING POINTS:
Gold prices falter ahead of FOMC
XAU/USD shrugs off UK CPI data – All eyes on the Fed
US Dollar strength remains a key catalyst for the imminent move
GOLD PRICES SEEK CLARITY FROM THE FED
Gold prices have shrugged off a higher than anticipated UK CPI print as investors shift their focus to the FOMC rate decision later today.
Visit the DailyFX Educational Center to discover how CPI data affects currency pair
EUR/USD, EUR/GBP Prices, Charts, and Analysis
EUR/USD - may fade further if the Fed acts on soaring inflation.
EUR/GBP - the Bank of England is in a difficult situation.
Keep up to date with all market-moving data releases and events by using the DailyFX Calendar
There are three major central bank monetary policy decisions scheduled over the next 24 hours or so that will likely boost volatility in two of the largest currency pairs. In short, the Fed is lik
SPDR S&P 500 ETF, DOGECOIN, DOLLAR AND FED DECISION TALKING POINTS
The S&P 500 extended is retreat from last Friday’s record highs to rebalance before the Fed decision – though not all markets were taking normal preparations
Before the media blackout, Fed Chairman Powell and other FOMC officials made a concerted effort to acclimatize market expectations to a faster taper and an earlier first hike
Through the final thrust of 2022 liquidity likely cent
The Bank of England’s Monetary Policy Committee meets on Thursday to discuss raising the UK's base interest rate from its historic low of 0.1%. But the Omicron variant has thrown a spanner in the works.
Source: Bloomberg
Forex Unemployment Inflation Bank of England Monetary Policy Comm
GBP PRICE, NEWS AND ANALYSIS:
GBP/USD will likely continue to trade close to the 1.32 level ahead of Thursday’s monetary policy announcement by the Bank of England, unaffected by the latest UK employment figures.
Those showed that 257,000 people were added to company payrolls last month, the most since records began in 2014.
GBP/USD TO DRIFT AHEAD OF BANK OF ENGLAND
GBP/USD will likely remain close to the 1.32 mark ahead of the Bank of England’s monetary policy announ
The Peloton share price has fallen 77% from its pandemic high of $163 to $38 today. After disappointing Q1 results and a 'Sex and the City' blunder involving one of its exercise bikes, can it recover in 2022?
Source: Bloomberg
Shares Peloton (exercise equipment company) Price Subscript
GBP/USD PRICE, CHART, AND ANALYSIS
The UK to go into overdrive on Omicron boosters.
Bank of England to stand pat on Thursday, Fed to offer further guidance.
Beleaguered UK Prime Minister Boris Johnson has announced that everyone over 18 in England will be offered a booster jab this week as he says that ‘there is a tidal wave of Omicron coming’. The new emergency vaccination program will include help from the military and will look to offer up to 1 million jabs a day to hit