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The United Kingdom’s decision to quit the European Union last month wreaked havoc on the global financial markets. Very few segments of the market were hit more than the travel, tourism and accommodation industries.
While global equity markets have since rebounded, the travel and tourism sector is likely to suffer from speculation over the next two-plus years as Brexit Minister David Davis negotiates a new trade agreement with the rest of Europe.
Traders are typically told that analysis of financial markets can either be fundamental or technical.
Fundamental analysis is said to be the investigation of both macro and micro-economic conditions and how they affect a particular market or company.
Seeing Machines (SEE), which I suggested on Bullbearings in March, has confirmed that its full year loss will be in line with expectations even though revenues were lower than forecast.
House broker finnCap had forecast revenues of A$37.6m but the outcome was A$33.4m - up from A$19m in the year to June 2015.
Thu, 1st Jan - * (ShareCast News) - SABMiller's management has reportedly placed work on integrating its operations with that of would-be suitor Anheuser-Busch InBev NV on ice for the time being.