Daily Snapshot

A first for me having managed to navigate the heat in Italy (not meaning to rub it in too much) without any instances of Sunburn whatsoever. Maybe I’ve finally matured, realised my Scottish heritage or took suitable advantage of my daughters factor 50 spray but I thought it was an achievement nonetheless. Not a huge amount achieved in European equities last week with holiday interruptions, elections and things broadly as I left them (aside from Political change in the UK and France) as U.S. equ…

Well whether you’re celebrating Independence Day or just the return of the sunshine I’m sure you’ve allocated plenty of time to read today’s Daily Snapshot (ahem) amidst the sizzle of your star-spangled barbecues, eagerly anticipating tonight’s pièce de résistance. While our American friends focussed on their hotdogs, it appeared that today’s fireworks were indeed reserved for celebrations across the Atlantic, with markets missing their spark as EU indices trudged higher on greatly reduced volu…

Ah, the art of preparation! Picture this: a hearty dinner, your chosen attire neatly laid out and a good night’s sleep under your belt – the background hustle before the main event. Now, if you’re curious about what happens when such hustle goes awry, let’s rewind to last week’s US presidential election debate where President Biden was caught enjoying forty winks, mid-sentence, in front of over 51 million viewers. His excuse? Jetlag. A costly nap for sure and probably didn’t bode very well for…

So, the key question of the day has to be: Has anyone found a hayfever treatment that doesn’t solve your hayfever by completely knocking you out? Allevia, Benadryl, Claritin, Piriton all tried and none of em have made a dent. Ozempic may be Novo Nordisk’s obesity wonder drug but surely the next winner in pharma world is whoever cracks the pollen problem. The market itself was a bit drowsy today with election uncertainty doing little to relieve headaches as equities slid throughout the session…

Hearing the words “I almost wish we had lost, just for the whole thing to be over” for the second time before 6:20am really highlights the angst of being an England fan right now, but some late wizardry from Bellingham followed by a firm header from Kane helped the nation breathe a sigh of relief last night and puts nerves at ease (until Saturday!).. There was no late winner today, as the pre-market relief rally on Le Pen’s more modest victory (recvd 34% of the vote, polls predicted 37% as of F…

As we approach the end of the Month/Quarter/Half end and moves/flows start to be dictated by that I thought the Snapshot could take on a slightly different tone, having a look back at the first half and a few looks forward to what may come. Oh and the Stoxx 600 closed a little lower weighed by France…again!

Some days you get a beauty of an Italian ball crossing into the top corner as time expires, the goal only just a bit more impressive than the pass… and then some days you get England football which humours, confuses, befuddles, but somehow still contains a lot of hope. Call it bias, delusion, intelligence, luck of the draw, but the English are still favoured to bring the trophy home, so keep the faith. Or just thank Austria.. Our today in the markets we had the classic stylings of technology s…

Good news is that the market is truly broadening out to Europe and to smaller cap stocks this week, albeit on lighter volumes than we’d hope. The bad news is with the concentration of ytd winners, it makes for a nervous market with brutal single stock moves when the leaders take a back seat.. The profit warning on mighty Airbus (-9.4%) was trying to singlehandedly unwind one of Europe’s premier ‘momentum’ trades of the year (SXPARO over the SXXP is now down 8.5% from its recent all-time April r…

We have a Game 7 for Lord Stanley’s Cup tonight!! the first such tradition dating back to 1892. While there have been 18 game 7’s in the finals throughout the years, it’s been since 1942 that a team has come back from dropping the first three games. I would recommend everyone to try to find the 3 minute highlights in the morning, it’s a real treat to watch this – the fastest of all team sports, play in the highest of pressure cookers.. Though not quite as exciting in markets today as Pain t…

So I believe the crime itself is officially called “Cheating” as Defined under Section 42 of the Gambling Act but one wonders if “Being an Absolute Wally” could be brought as an additional charge to the increasing number of Tory insiders who are under investigation for having placed bets on the timing of the General Election just days before Rishi’s surprise announcement. Did they really think they would get away with it? All of that brouhaha gobbled up by a hungry media struggling to generate…