Daily market update

Japanese shares hit by US sell-off, market rotation helps UK stocks and US small caps, UK wage strength problem for Bank of England, Frasers' results impress and Royal Mail comeback

“A catastrophic day for US tech shares hasn’t caused widespread contagion on the markets,” says Dan Coatsworth, Investment Analyst at AJ Bell.

“While the...

Thu, 18/07/2024 - 09:47

UK stocks fall as inflation data lowers chances of imminent rate cut, HSBC appoints new CEO, ASML riding high on AI, Adidas bounces back and Reckitt hit by tornado

“UK stocks took a tumble after components of the latest inflation data lowered the chances of a near-term interest rate cut from the Bank of...

Wed, 17/07/2024 - 10:25

US markets continue their ascent, utility companies in the firing line and another activist tries to woo Match Group

“Investors face a tricky situation. On one hand, the US economy is proving to be resilient, with better-than-expected retail sales in June boosting hopes for...

Tue, 16/07/2024 - 17:22

FTSE dragged down by Rio Tinto’s iron ore woes, Ocado rallies after pulling a rabbit out of the hat, B&M’s slow growth problem

“The FTSE 100 took a step back after the index was dragged down by Rio Tinto and Experian,” says Dan Coatsworth, Investment Analyst...

Tue, 16/07/2024 - 10:03

Government sells more NatWest shares, Ocado slumps on broker U-turn, BlackRock falls short on revenue expectations and Marks & Spencer faces premium competition from Tesco

“It looks increasingly unlikely that Labour will resurrect the previous government’s plans to hold a public sale of NatWest shares. Even since the general...

Mon, 15/07/2024 - 17:22

Bitcoin jumps as traders believe Trump’s chances of winning election have improved, China economy disappoints and Burberry CEO leaves

“Markets were surprisingly calm given the assassination attempt on US presidential candidate Donald Trump,” says Dan Coatsworth, investment analyst at AJ Bell.

“While...

Mon, 15/07/2024 - 10:30

Weight of expectation for rate cuts shifts to Fed after stronger-than-expected UK growth figures and Tesla shares plunge over product delays

“It’s hard to believe it has only been a week since Labour’s landslide election victory changed the UK’s political makeup. There’s been no shortage of...

Fri, 12/07/2024 - 09:26

US markets buoyed by inflation data, Pepsi loses fizz and Apple opens up tap-and-go in Eurozone

“Investors seem to have been on the rate cut rollercoaster for an unhealthy amount of time, lurching between the highs of expectation and the lows...

Thu, 11/07/2024 - 17:35

US markets buoyed by inflation data, Pepsi loses fizz and Apple opens up tap-and-go in Eurozone

“Investors seem to have been on the rate cut rollercoaster for an unhealthy amount of time, lurching between the highs of expectation and the lows...

Thu, 11/07/2024 - 17:35

Pound at four-month high, water utilities in focus, Jet2 faces some turbulence, relief over Dr Martens and Hays sees profit at bottom end of guidance

“The pound hit a four-month high after better-than-expected UK GDP figures. The new government has placed economic growth at the heart of its policies and...

Thu, 11/07/2024 - 10:21

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