Daily market update

ECB cuts rates, Taylor Swift tour set to fire up UK earnings and Nvidia share rally halted by antitrust chatter

“The big rate cut news is finally here. The ECB has slashed the cost of borrowing for the first time in nearly five years, firing...

Thu, 06/06/2024 - 17:27

Markets up ahead of potential ECB rate cut, Nvidia joins the $3 trillion club, Lululemon trips up and Fevertree on track as it gains market share

“Nvidia’s valuation topping $3 trillion, a storming run for the Nasdaq index in the US last night, and the prospect of interest rate cuts...

Thu, 06/06/2024 - 10:12

Canada cuts interest rates, Nvidia hits new record high ahead of stock split and Hewlett Packard rides AI boom

“Chop, chop, chop – that’s the sound of another central bank taking the axe to interest rates. The Bank of Canada’s first rate cut in...

Wed, 05/06/2024 - 20:04

FTSE 100 higher ahead of ECB meeting, TikTok hit by cyber-attack, B&M, WH Smith and Inditex updates inject positivity into the retail sector and Centrica sees profits in line despite ‘normalised’ energy market

“The FTSE 100 moved higher on Wednesday with a broad spread of companies across multiple sectors enjoying solid gains,” says AJ Bell Investment Director Russ...

Wed, 05/06/2024 - 09:41

Election fever fuels uncertainty for global markets, falling oil prices hit energy giants BP and Shell, low job openings figures hint at cracks in US economy

“It’s often said that markets don’t like uncertainty and with around half of the world’s population going to the polls this year the only sure...

Tue, 04/06/2024 - 17:00

FTSE 100 lower on weak US economic data and falling oil prices, British American Tobacco guides for profit decline, Indian stocks reverse gains, Vistry agrees rental homes deal and Chemring facility hit by adverse weather

“The FTSE 100 started Tuesday in negative territory amid signs of US economic weakness and mixed trading in Asia,” says AJ Bell Investment Director Russ...

Tue, 04/06/2024 - 09:43

GSK legal woes drag on FTSE 100 while Shein float rumours continue to excite investors, confident sector forecast sees EasyJet and IAG soar and Hollywood Bowl ends day in red despite positive update

“GSK’s legal woes saw shares in the pharma giant plunge, dragging down an otherwise steady-away FTSE 100 with investors smelling the winds of change,” says...

Mon, 03/06/2024 - 17:55

FTSE 100 off to strong start ahead of ECB decision this week, Shein reportedly set to file for UK IPO and GSK hit by new Zantac ruling

“The FTSE 100 made a strong start to June with resources, energy and financial stocks among those making solid gains,” says AJ Bell Investment Director...

Mon, 03/06/2024 - 09:54

FTSE 100 ticks higher, Flutter completes US move, Frasers ups stake in Hugo Boss, Nationwide deal for Virgin Money could face competition probe and JD Sports sales slip

“The FTSE 100 ticked higher on Friday morning, looking to build on Thursday’s momentum which saw it snap a six-day losing streak,” says AJ Bell...

Fri, 31/05/2024 - 10:24

FTSE needs a strong Friday to avoid three bad weeks in a row, Salesforce shares crash and Auto Trader revs up

“There were divergent fortunes either side of the Atlantic. The US stock market was in the red after economic data came in weaker than expected,”...

Thu, 30/05/2024 - 17:16

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