Market Round Up: Comic-Con’s commercial juggernaut, Sterling’s inflated slide, EU squabbles over trade tactics

by | 19 Jul, 2018

 

Comic-Con’s commercial juggernaut

When people hear about Comic-Con they instantly think of a bunch of Sheldon-like geeks and sad sub-culture fandoms turning up for the glimmer of a chance at seeing their heroes – whether that be Aquaman, Wonder Woman, Captain America, or even the new Doctor Who – let’s hope fandoms give the new lady doctor, Jodie Whittaker, some slack! But let’s not ignore the fact that Comic-Con is closely attached to the movie industry and is worth hundreds of billions of dollars.

That is why the San Diego convention will be hosting a feast of big names that not only includes movie stars, but captains of industry. 20th Century Fox will be there pushing its X-men and Deadpool franchises; Warner Brothers’s DC Comics, Disney’s Incredibles 2 and more will be there to network, promote and send a very clear message to the 130,000 visitors that they are there to deliver their fantasies, and earn a few bucks on the way. Which makes it even more odd that Marvel Studios and HBO are no-shows to this convention.

 

Sterling’s inflated slide

Call it what you like, the British Pound, Sterling, Cable is slip sliding away against the Dollar and the Euro as the latest consumer price index holds at 2.4%. It means that the Bank of England is in a quandary as to how it manages its monetary policy – it had signalled a rate rise was inevitable to control inflation. However, those pressures have yet to manifest themselves in recent published data.

So what does this mean? Sure UK holidaymakers abroad will be buying less beer and chips with the weaker exchange rates, but at least they won’t see their mortgage payments go up so soon. Unfortunately, such inflationary stagnation also results in tepid wages growth. Still, with on-going partisan-political chaos and the threat of an ever-widening global trade war, it’s still good news for the markets. The UK’s FTSE index rallied, very much based on a series of healthy second quarter earnings results and the fact that top UK-listed companies are heavily weighted to Dollar earnings from abroad.

 

EU squabbles over trade tactics

An EU trade row is brewing between France and Germany whose capitals are divided on what European Commission President Jean Claude Juncker should offer Donald Trump when they meet at the White House next week. Mr Juncker, the EU’s senior official, is jetting out to Washington to meet with the U.S. President on July 25 in a bid to heal growing transatlantic trade divisions.

Meanwhile, there’s not that much in the way of significant Eurozone economic announcements on the card today. Against this backdrop, the Euro is trading at a steady pace. Some interest is expected in the French and Spanish bond auctions taking place today with peripheral exposure a hot topic given the volatility in Italy’s bond market recently.

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ALL RIGHTS RESERVED © INVSTR LTD. 2018

Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.
India account traded securities are provided by SIC Stocks & Services PVT Ltd. SIC does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by SIC may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. For more information and disclaimers, click here.

 

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