Hi All, Well Lloyds down ~1.6% today to 62.5x which doesn’t seem to have sparked much comment here, considering it was 66.x on 17/4 that’s quite a drop. Perhaps it’s the return of MPs to parliament and people’s thoughts turning to brexit again ?. The £ had a very good day today up for getting close to 1% against the USD and AUD, didn’t make for a very good day for the FTSE, but could have been worse.
Yes Apple had a good set of results again, a few worrying points (China business way down) but the market clearly liked it and shares jumped after hours. Can’t get excited by a 5% dividend rise myself though when the dividend is currently only 1.7%. And these US tech stocks are SO fickle seems to me, look at google down a mere 7.5% today and TSLA which got hammered after its Q1 results. That plus the ~1% fall in USD against the GBP wouldn’t make for a great day for UK investors in those US tech stocks. Quite gory in fact, a bit like Game Of Thrones Series 8 Episode 3 which I watched this evening. Definitely need your OLED TV to watch this as the picture was really really dark virtually the whole time.
Well just gone 23:00 now and I see that IG has the FTSE up ~0.38% and STOXX 50 up ~0.48% ATM. Not sure why as US stock futures are actually down a bit, despite the Apple results.