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Shares on major European stock markets moved higher during the premarket session on Tuesday, shrugging off the hawkish tone set by the Federal Reserve's latest policy announcement last week.

Asian markets traded higher as well late in the session, with the Japanese benchmark Nikkei index surging over 3% following a volatile session on Monday. With little on the economic calendar, traders continued to monitor developments surrounding the coronavirus pandemic.

The DAX rose 0.29% at 8:00 am CET. At the same time, the CAC 40 climbed 0.12%, while the FTSE 100 added 0.38%.

Breaking the News / JC

No currency prices this AM(?)

Shares on major European stock markets moved higher during the premarket session on Tuesday, shrugging off the hawkish tone set by the Federal Reserve's latest policy announcement last week.

Asian markets traded higher as well late in the session, with the Japanese benchmark Nikkei index surging over 3% following a volatile session on Monday. With little on the economic calendar, traders continued to monitor developments surrounding the coronavirus pandemic.

The DAX rose 0.29% at 8:00 am CET. At the same time, the CAC 40 climbed 0.12%, while the FTSE 100 added 0.38%.

Breaking the News / JC

Jefferies predicts golden Centamin re-rating
Gold miner Centamin (CEY) is offering exposure to a ‘world-class’ asset and sector-leading dividends, according to Jefferies.

Analyst Alan Spence retained his ‘buy’ recommendation and target price of 170p on the stock, which was down 2.45%, or 3.05p, at 121.45p yesterday.

Spence upgraded his 2021 earnings estimates by 10% and increased production guidance by 2% while lowering cash costs by 6% and trimming his 2022 earnings forecast by 5%.

The miner has set out a multi-year plan to return to producing 500k ounces of gold a year by 2024, which Spence said is the ‘first material shift in strategy since new chief executive Martin Horgan took over in April’.

‘We believe the aim is to create a more stable and predictable (Egyptian) Sukari mine,’ he said.

Spence said the shares ‘offer exposure to a world-class gold asset, sector-leading dividends, and opportunity for operational led re-rating’.

Shares on major European stock markets sank during premarket trading on Monday as traders across the globe digested the Federal Reserve's hawkish shift revealed last week.

The Federal Open Market Committee might hike rates twice in 2023, earlier than it had previously expected, amid improving economic conditions and higher inflation.

The DAX dropped 0.96% at 8:00 am CET, while the CAC 40 fell 0.91%. Meanwhile, in London, the FTSE 100 was down 0.76%.

Breaking the News / JC

Shares on major European stock markets sank during premarket trading on Monday as traders across the globe digested the Federal Reserve's hawkish shift revealed last week.

The Federal Open Market Committee might hike rates twice in 2023, earlier than it had previously expected, amid improving economic conditions and higher inflation.

The DAX dropped 0.96% at 8:00 am CET, while the CAC 40 fell 0.91%. Meanwhile, in London, the FTSE 100 was down 0.76%.

Breaking the News / JC

Market down, gold up at the minute
Happy Monday y’al

Strong sales of bicycles during the pandemic have boosted full-year profits at Halfords (HFD) but Hargreaves Lansdown warns its motoring division is still suffering.

The car accessories and bicycle retailer saw profits soar 72% to £96.3m last year, towards the upper end of expectations, as the pandemic encouraged people to get out and about on two wheels.

Analyst Susannah Streeter said supply chain issues stopped growth from ‘shifting into an even higher gear’ as the business struggled to get hold of stock, an issue which is ongoing.

She said the pandemic has had a ‘clear implication’ for motoring sales which ‘haven’t fallen by as much as expected but are still a tricky trend to navigate’.

Halfords has warned the outlook could be bumpy but on the positive side it has reinstated its dividend, with plans to grow it further.

‘Given such healthy profits, investors may have hoped for a more bumper pay-out, but reinvesting in the business appears to be more of a priority,’ said Streeter.

The shares closed down 5.7%, or 24p, at 402p on Friday, on a difficult day for the UK stock market.

on Tuesday 22nd according to this link.

https://portfolio-adviser.com/weekly-outlook-uk-and-us-consumer-data-ds-smith-and-berkeley-full-year-results/

“Centamin PLC is the third-biggest holding in SGDJ, with a stake of 4.38%. The company had a rough initial go of the pandemic, with its biggest site proving unsafe just as the COVID crisis worsened.

However, the gold mining organization seem to be poised to surge as its mines come back online and the vaccine rollout continues.”

The statement that Centamin was affected by covid is a lot of nonsense but
“poised to surge” I can take all day long.

Whoever SGDJ is they have faith in Centamin as they own 4.38%

Poised to surge… mmm I like that!
https://www.nasdaq.com/articles/sgdj-sprotts-junior-gold-miners-etf-shining-bright-2021-06-18

MrBond wouldn’t that be a sweet reward for the long suffering shareholders, for all this waiting around.

Are you expecting it soon?

Remember the weekly shipments from Cairo to Canada

Still going on of course just not publicly reported.

https://www.egypttoday.com/Article/3/34693/Sukari-mine-exports-404kg-of-Egypt’s-gold-to-Canada

Major European indexes declined slightly in premarket trading on Friday as investors awaited economic data, including retail sales figures from the United Kingdom and Germany's producer price index.

The FTSE 100 lost 0.04% at 7:37 am CET and the DAX was down 0.07% at the same time.

The euro decreased 0.06% against the dollar to sell for 1.19004 at 7:36 am CET and the pound fell 0.18% compared to the greenback to change hands for 1.38953 at the same time.

Breaking the News / NP

Happy Friday y’al

Major European indexes declined slightly in premarket trading on Friday as investors awaited economic data, including retail sales figures from the United Kingdom and Germany's producer price index.

The FTSE 100 lost 0.04% at 7:37 am CET and the DAX was down 0.07% at the same time.

The euro decreased 0.06% against the dollar to sell for 1.19004 at 7:36 am CET and the pound fell 0.18% compared to the greenback to change hands for 1.38953 at the same time.

Breaking the News / NP

Happy Friday y’al

Down goes the share price, up goes the volume.

We’re good here the recovery is just taking longer than expected..

Shares on the major stock markets indexes in Europe traded in the red in the premarket on Thursday, as the investors awaited May's inflation figure, scheduled for release after the opening bell.

The traders digested United States Federal Reserve's decision to leave the key interest rate unchanged. Fed's Chairman Jerome Powell predicted a strong recovery for the US labor market but went on to underline that the country's economy has not returned to its pre-COVID levels.

The DAX lost 0.21% at 7:32 am CET, while the FTSE 100 declined by 0.36% at the same time. The pound sterling moved up by 0.07% compared to the dollar at 7:33 am CET, selling for 1.39968, while the euro stood flat versus the greenback, going for 1.9980 a minute later.

Breaking the News / BU

Shares on the major stock markets indexes in Europe traded in the red in the premarket on Thursday, as the investors awaited May's inflation figure, scheduled for release after the opening bell.

The traders digested United States Federal Reserve's decision to leave the key interest rate unchanged. Fed's Chairman Jerome Powell predicted a strong recovery for the US labor market but went on to underline that the country's economy has not returned to its pre-COVID levels.

The DAX lost 0.21% at 7:32 am CET, while the FTSE 100 declined by 0.36% at the same time. The pound sterling moved up by 0.07% compared to the dollar at 7:33 am CET, selling for 1.39968, while the euro stood flat versus the greenback, going for 1.9980 a minute later.

Breaking the News / BU

A muted rise for Pets at Home (PETS) shares in the last nine months is underestimating the pet retailer and Berenberg is predicting a further rerating.

Analyst Owen Shirley reiterated his ‘buy’ recommendation and increased the target price from 510p to 540p on the stock, which closed up 1.8%, or 8.4p, at 465p on Wednesday.

‘Pets at Home’s shares are up by only c.10% since October last year, during which time we have upgraded our profit before tax estimates for financial year 2022 by c.25%,’ he said.

‘We continue to believe there is both further rerating and upgrade potential; we upgrade our earnings per share estimates by another 8%.’

The shares are currently trading on a 22x price/2022 earnings ratio but Shirley said investors need to factor in that the earnings estimates are ‘likely to prove too low’, that the business has net cash, and that ‘the vet business would earn a very high multiple in a sum-of-the-parts valuation’.

Equities in Europe traded higher in the premarket on Wednesday after the European Union and United States President Joe Biden agreed on how to enhance cooperation between Brussels and Washington. Meanwhile, the United Kingdom is about to release its latest reports on consumer and producer prices.

The DAX rose by 0.06% at 8:01 am CET. At the same time, the FTSE 100 advanced by 0.11%, and the CAC 40 went up by 0.16%.

The euro stood flat against the dollar at 8:01 am CET, selling for $1.21276. The pound sterling grew by 0.08% against the greenback at 8:03 am CET, changing hands for $1.40950.

Breaking the News / JR

Happy hump y’al

Equities in Europe traded higher in the premarket on Wednesday after the European Union and United States President Joe Biden agreed on how to enhance cooperation between Brussels and Washington. Meanwhile, the United Kingdom is about to release its latest reports on consumer and producer prices.

The DAX rose by 0.06% at 8:01 am CET. At the same time, the FTSE 100 advanced by 0.11%, and the CAC 40 went up by 0.16%.

The euro stood flat against the dollar at 8:01 am CET, selling for $1.21276. The pound sterling grew by 0.08% against the greenback at 8:03 am CET, changing hands for $1.40950.

Breaking the News / JR

Happy hump y’al

Thank you for all the comments and likes yesterday.

Major European stock markets registered gains ahead of the opening bell on Tuesday following the British government's decision to delay fully lifting coronavirus-related restrictions by a month until July 19.

The United Kingdom remained in focus, with recent reports claiming the country has reached the long-awaited post-Brexit trade deal with Australia and that the official announcement will be coming later today.

The FTSE 100 rose 0.40% at 7:37 am CET, while the DAX climbed 0.52%. Meanwhile, both the euro and the pound stood flat against the dollar at 7:38 am CET to sell for 1.21252 and 1.41160, respectively.

Breaking the News / ND

Divi say and my commercial property lease both activate today.
Meeting Shopfitters from Regatta clothing U.K. at the premises at 8:00 am to hand over the keys marking June 15th as the start of a ten year lease.
Big day here!
Bol all

Major European stock markets posted gains on Monday following the 47th G7 summit during which member states agreed to reduce gas emissions to zero by the middle of the century. At the same time, the G7 condemned Russia's and China's human rights and trade policies.

Meanwhile, multiple reports over the weekend claimed the British government will delay fully lifting coronavirus-related restrictions in England by up to one month. The tensions between London and Brussels regarding the Northern Ireland Protocol continued, with Prime Minister Boris Johnson warning his government could suspend the deal if the European Union continues to apply it "in this way."

The DAX rose 0.10% at 8:01 am CET, while the FTSE 100 climbed 0.25%. The CAC 40 advanced 0.26%. Both the euro and the pound stood slightly in the red against the dollar to sell for 1.21044 and 1.41125, respectively.

Breaking the News / ND