Sector movers: Travel, Retail and Mining pace gains

Sector movers: Travel, Retail and Mining pace gains

Cyclicals including Travel and Leisure, as well as consumer staples, paced gains on the FTSE 350 in relatively flattish to mixed trading given the absence of many traders from their desks due to the Thanksgiving Day holiday in the US. Helping to maintain the risk-on sentiment in markets were a raft of much better-than-expected readings … Read more

Sector movers: Cyclicals, Travel and Leisure name pace gains

Sector movers: Cyclicals, Travel and Leisure name pace gains

Cyclicals paced gains ahead of the US central bank’s policy announcement, possibly on hopes that policymakers might rein in their outlook for further interest rates. Analysts and traders however appeared to be a bit skeptical of that possibility. On that note, analyst at Barclays Research were telling clients: “Under-exposed HF/CTAs may turn buyers of equities … Read more