A market rally attempt is reeling as the indexes plunged on Friday's jobs report. Tesla, AMD and On Semi sold off. Read More...
MarketWatch
There’s a good bet to be made in this ‘uninvestable’ country, says UBS
“The FTSE 100 is not the U.K. economy,” he stresses in a note published this week. The blue-chip index’s top five constituents — Shell (SHEL) (UK:SHEL) AstraZeneca (AZN) (UK:AZN) HSBC (HSBC) (UK:HSBA) Unilever (UL) (UK:ULVR) and Diageo (DEO) (UK:DGE) which together make up about a third of its market capitalization — exemplify the Footsie’s international nature. The weak pound (GBPUSD) is thus a boon, providing a material boost to corporate earnings as overseas profits are converted back into sterling, and improve the competitiveness of exporters, supporting equities, according to Gilman.
