Persimmon PLC

Nov 6, 2024 | ajbell.co.uk | Spencer PLC |Persimmon PLC

“US and European markets raced ahead on projections for Donald Trump to win the US Presidential election,” says Russ Mould, investment director at AJ Bell. “The dollar strengthened and 10-year Treasury yields jumped to 4.406% on the assumption that Trump’s policies will stoke inflation and require interest rates to stay higher for longer. That sustained the rally in US Treasuries which has been in motion since mid-September when they traded at 3.623%.

Oct 22, 2024 | ajbell.co.uk | Persimmon PLC

“It’s been one of those days when good news had to be really good to make investors sit up and take notice and there was plenty of not so good news to keep markets feeling downbeat, especially over on Wall Street where recent record runs seem to have hit pause, at least for now,” says AJ Bell Head of Financial Analysis Danni Hewson. “General Motors managed to bring the cake and the streamers to today’s rather subdued party, keeping its foot firmly on the pedal of its combustion engines.

May 7, 2024 | ajbell.co.uk | Nephew PLC |Haleon plc |Persimmon PLC

“Whoever followed the advice to sell in May and go away will be kicking themselves if they disposed of UK shares from their portfolio. A new set of batteries has been fitted to the FTSE 100 and this bunny keeps on hopping,” says Russ Mould, Investment Director at AJ Bell. “The blue-chip index has hit another new record high and the sun is shining – exactly what’s need to put investors in a chipper mood.

Jan 17, 2024 | ajbell.co.uk | GSK Plc |Haleon plc |Persimmon PLC

“Investors have had to rip up their game plan after UK inflation went in the wrong direction to support the narrative for interest rate cuts,” says Russ Mould, Investment Director at AJ Bell. “Coming at 4% versus a market forecast of 3.8%, it’s still double the long-term target for the Bank of England and could act as the deciding factor for the Monetary Policy Committee to sit on their hands at their next vote and keep rates higher for longer.

Nov 7, 2023 | ajbell.co.uk | Persimmon PLC

“While signs of a softer economy in the US are typically taken as a positive by markets as they anticipate an end to their trial by interest rate hikes, weak economic data from China is just bad news,” says AJ Bell Investment Director Russ Mould. “Worse-than-expected Chinese trade data prompted a gloomy start to proceedings on Tuesday as some of the euphoria from rate pauses in the US and UK ebbed away.