Copper, US Tech stocks, Brexit and M&A all in play
Mike Van Dulken, Head of Research at Accendo Markets, joins Core Presenter Matt Brown to discuss the market moving events of the day.
Van Dulken discusses the M&A activity taking place in the Commercial property Sector in the UK, with Hammerson bidding for INTU, what does this mean for commercial property and is this a sign that confidence maybe coming back to UK retail? Van Dulken looks at the performance of British Land and discusses from a technical perspective where the price can go.
Looking at BP, having pushed higher on higher oil prices, has the price been over extended and will the big oil majors start to see profit taking into the end of 2017?
With Brexit negotiations stalling at the start of the week, will Prime Minister May be heading to Brussels to kick-start talks or will she remain in the UK to face Prime Ministers Questions, in what could be a hostile reception. How is this impacting the Pound in the foreign exchange markets? With the answer being, any positive agreements seeing a lift in the pound.
Also covered is the recent drop in the Copper price and the ongoing rotation trade out of tech stocks in the US and are these warning signs for the bull market.
You can see more from Mike Van Dulken on Core Finance by clicking here.