Shares in Diageo, the maker of Johnnie Walker, Smirnoff, Guinness and Captain Morgan have risen by around a third over the past twelve months, even with a.
There are plenty of corporate updates in the coming week that should demand investor attention, from Diageo and Dr Martens in London to Apple, Microsoft and.
(MENAFN - ING) USD: Dollar bear trend gains a little momentum
The dollar is opening up the week on a softer footing. Despite the Covid crisis in India, there seems a real conviction that the world is on a recovery path as evidenced by continuing strong gains in the industrials metals complex. It seems only a matter of time before copper hits $10,000/MT , while iron ore continues to surge. Supporting this narrative should be this week s combination of US events in the form of a) strong 1Q21 US GDP on Thursday and b) Wednesday s FOMC showing a Fed continuing to let the economy run hot and only reining in accommodation once the recovery has delivered. We mentioned this in our Fed preview - namely that June undoubtedly will be a much more significant FOMC meeting and that the seven weeks between the April and June FOMC meetings is a long time to be sitting on the sidelines in defensive dollar positions when more attractive alternatives are available elsewhere. The week will als