Big U.S. lenders are set to report lacklustre results this week. That could press the brakes further on their shares after the evaporating ‘Trumpflation’ rally left all but one (Bank of America) trading in the red for the year.
Ken Odeluga has over 15 years' experience of reporting and analysing global financial markets. That includes more than a decade as a news editor at Dow Jones Newswires/WSJ.com, where he developed skills in fundamental equity and classical technical analysis. He has a passion for deciphering and explaining the increasing complexities of financial markets. He is frequently quoted in the press and regularly interviewed on radio and TV.
Britain’s official notification to the EU of intent to leave passed with little incident from a markets point of view, in line with most expectations. The pound, gilt yields and shares had priced in ‘known unknowns’ from leaving the EU long ago but it is worth remembering that as we go through the Brexit negotiations further pockets of risk cannot be ruled out.
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