This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
British stocks break 3-day losing streak
On Tuesday, British stocks grew for the first time in four trading sessions, driven by a weaker pound, with precious-metals miners among the number one advancers on the back of solid revenues for gold as well as silver prices.
The FTSE 100 UKX inched up 0.5%, trading at 7,319.98, rebounding from Monday’s 0.5% sag.
Randgold Resources Ltd surged 1.91%, demonstrating one of the biggest revenues on Tuesday.
Meanwhile, gold rallied 0.53%, hitting $1,259.70, while silver added 0.87%, trading at $18.35.
Besides this, in the mining space, stocks of Anglo American PLC AAL acquired 1% after the company’s majority-owned De Beers Group posted a 4.9% soar in diamond sales in the third cycle of 2017.
The London benchmark FTSE 100 was also backed by a weaker pound. The currency pair GBP/USD declined to $1.2433 from $1.2487 on Monday. Approximately 75% of profits generated by FTSE 100 companies come from abroad; therefore poor sterling helps to boost those earnings.
Virgin Galactic’s Branson flew to space, but the stock of Virgin Galactic (SPCE) dropped. Why?
Virgin Galactic (SPCE) will launch Richard Branson to space on July 11, aiming to beat Jeff Bezos.
What events to follow and how to trade during the week of July 2-6?
EUR/USD retraced to 1.1870 after breaking out this level. It should be just a natural sell-off ahead of the further rally up.
The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!