Well, that was another example of the wafer-thin conviction which we’ve seen in Europe this week so far. A third session opening lower before the usual rangebound trading kicked in, with all European indices in the red, although volumes did see a bit of an uptick from yesterday.
Dull, dull, dull. Another lacklustre session which saw us creep up from opening lows in a rangebound tape which was as indecisive as you like, with sentiment tainted overnight by Powell, despite offering nothing new, where he reiterated his stance of a no-risk free policy path ahead.
Still basking in the memory of an (overally large) bowl of spicy vodka pasta which was put down earlier. Easily the day’s highlight (sad as that may be). Says it all really about how thrilling today was (alongside how dull my life has become), but this did make up for the lack of zing in markets earlier, which really was just a case of business as usual.
Heathrow airport evacuated last night on a ‘hazardous materials’ alert – Not really the sort of news you want to hear on the eve before a flight to Barcelona and is a warning which felt somewhat premature given the real hazardous cargo from the desk here didn’t depart for ITF until this morning!
A very, very slow start to the week that was. Tube strikes turned the streets of London into some sort of warped e-bike Tour de France this morning, and a not a whole lot to move the needle behind the screens really as we await US CPI Thursday, and closer to home the outcome of the latest French confidence vote.
Well, after what’s been a fairly lively start to September – the past 24 hours have seen the dust settle, as easing yields across the globe have stabilized the equity complex which in turn has pretty much taken us just below where we started the week in Europe.
Well, the last Bank Holiday of the summer here in London has come and gone. One that didn’t disappoint by any means thanks to some cracking weather but as is always the case – over in a flash and plenty to catch up on this morning. For what’s supposed to be a quiet holiday stretch, I think it’s fair to say that we’ve had no shortage of headlines…
An air conditioning malfunction resulting in scorching hot air blasted down on you during peak summer? Exactly what the doctor ordered to ensure that patience was thin earlier during one of the quietest periods of the year. Bank holiday this weekend? Can’t come quick enough.
55 was the number of roller coasters ridden in a single week to break the Guinness World Record. Not sure how much dopamine you’d have left after that – but one can only guess the new record holder has also been stuck behind the screens lately where this low-volume slog pushed him over the edge in seeking thrills elsewhere…
Whether it’s wrapping your head around rising school VATs or eyeing the latest chatter about a potential UK home sale tax, it’s worth remembering a quirky little moment from the July 2024 general election: Labour’s win in Hendon by just 15 votes—the slimmest majority in Parliament. That tiny handful of ballots flipped the seat and nudged the broader political tide. Proof that yes, every little bit counts—even the smallest tick in a box… It’s a sentiment that resonates on the desk this week too…