Dollar weakens as Trump mulls new Fed member
Its fairly certain that any Trump nominee who makes it on to the Fed board will push for lower rates, so markets have switched to selling the dollar again, continuing a theme from Friday. With precious metals making headway again Fresnillo is once again near the top of the leaderboard, having already posted a very impressive return this year that puts the rest of the FTSE 100 in the shade.
Apple revives on investment news
Apple has had a miserable time compared to most of the Magnificent 7, but today’s news of a $100 billion commitment to the US allays fears of targeted measures against the company and has lifted the share price. Last week’s earnings seem to have put the lid on bearish sentiment for now, and a decent rally from this struggling titan could be an ideal tonic for tech stocks that are now sorely in need of a catalyst.