Jawaid Afsar

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Last quote by Jawaid Afsar

The court ruling is a slap in the face of the British government. However, parliament is likely to give its approval and the Brexit timeline could remain on track. As far as investors are concerned, one more uncertainty is now out of the way and they can focus on other things.
Jan 24 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Jawaid Afsar is associated, including U.S. and May. Most recently, Jawaid Afsar has been quoted saying: “The court ruling is a slap in the face of the British government. However, parliament is likely to give its approval and the Brexit timeline could remain on track. As far as investors are concerned, one more uncertainty is now out of the way and they can focus on other things.” in the article Miners help Britain's FTSE to shrug off BT slump.
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Jawaid Afsar quotes

The FTSE 100 has failed to make any real progress above 7,000 as it faces stiff resistance at current levels. Investors and traders may pause until the U.S. election is out of the way, before trying to push the index any higher. A range of around 6950-7020 is a likely outcome for the next couple of weeks.

Earnings from Morgan Stanley helped the banking sector, while a spike in crude oil prices supported heavyweight oil majors like BP and Shell. The positive correlation between commodity prices and energy and mining shares are here to stay.

The FTSE 100 closed above the 7,000 mark and may well set new records in the days ahead on the back of positive momentum and some stronger earnings reports. Earnings from Morgan Stanley helped the banking sector, while a spike in crude oil prices supported heavyweight oil majors like BP and Shell. The positive correlation between commodity prices and energy and mining shares are here to stay.

Today's jobs data has raised expectations that a U.S. rate hike could be delayed. A weakness in the dollar following the payroll numbers has helped commodities, which have a heavy weight on the benchmark FTSE 100 index.

Miners lost ground following weaker metals prices and a slump in Glencore profits. Given the recent strong run within the sector, some profit taking was not unexpected.

The FTSE 100 is seeing some weakness as earnings from some heavyweight companies have disappointed. Given the recent run higher..., it would not be surprising to see a further pullback in the next sessions.

After the recent sell-off, miners are once again in demand, with stronger metal prices underpinning the sector. However, the sector's outlook still looks grim following lingering concerns about the pace of economic growth in top metals consumer China.

Miners were a drag this morning, but they bounced back as metals prices gained and oil pared its losses. It seems that investors don't want to keep miners out of their portfolios as the sector has jumped 35 percent this year and have potential to rise further.

Equities have now become even more strongly correlated to commodity prices. Commodities stocks are expected to remain under selling pressure as the weakness in metals and oil prices is not seen disappearing soon.

In the short term, the FTSE's commodities-led rally has legs and we cannot rule out a move towards 6,000 in the coming sessions. However, its medium and longer-term remain uncertain as some serious damage has been done to its technical outlook. The FTSE is still flirting around its 'bear market' territory and a fall below 5,800 could lead to a slump towards the 5,200-5,300 area.

A rally in metals prices on the back of a softer dollar has helped the FTSE 100 to recover from earlier lows. The index is technically 'oversold' and a bounce back is due.

The rise in the bond yields and the weakness in the U.S. sector is hurting the UK utilities.

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