Daily market update

FTSE steady after bond rout and selling on Wall Street, Spirent warns on profit, Superdry agrees Indian licensing deal and Tesco shares up on strong result

“It feels gloomy right now with a ‘higher rates for longer’ assumption helping to sour sentiment,” says AJ Bell Investment Director Russ Mould.

“This...

Wed, 04/10/2023 - 09:49

Rising US Treasury yields weigh on markets, Greggs cuts store growth target and Boohoo revises guidance down

“Stubbornly high US government bond yields are making life harder for equities to press ahead. The US Treasury yield exceeded 4.7% overnight as investors took...

Tue, 03/10/2023 - 10:06

Markets perk up, BAE Systems wins major funding for submarine work, Pennon and United Utilities lay out investment plans

“As the new month kicks off, investors appear to be in a brighter mood judging by how the main indices across Asia and Europe moved...

Mon, 02/10/2023 - 10:08

UK stocks up on GDP figures, Aston Martin’s largest shareholder increases stake and Nike demonstrates pricing power

Markets/ GDP Figures

“While the UK economy bounced back from the pandemic at a faster rate than previously expected, it is important to remember these...

Fri, 29/09/2023 - 10:12

Oil price continues to rise, 888 hit by punter-friendly sporting results, Mitchells & Butlers moves higher and Zoo Digital still feeling pain from Hollywood

“Another leg up in oil prices has added to the market worries about sticky inflation, thereby stoking fears that interest rates will stay higher for...

Thu, 28/09/2023 - 10:16

FTSE 100 flat as volatility picks up, green light for major North Sea oil field, three-way bid race for Pendragon and Saga narrows losses

“The FTSE 100 was pretty much unchanged early on Wednesday but there’s no doubt an air of uneasiness continues to pervade the markets, visible in...

Wed, 27/09/2023 - 09:56

Miners drag FTSE 100 lower amid China concerns, Moody’s warns on US credit rating, AG Barr fizzes higher, ASOS turnaround hit by soggy trading and Card Factory eyes tough Christmas ahead

“The FTSE 100 was a touch lower on Tuesday morning despite US markets breaking their recent losing streak as concerns over China hit the index’s...

Tue, 26/09/2023 - 09:47

China worries haunt markets once again, Aviva returns to the acquisition trail and Entain warns of soft online growth

“China is set to go down in history as being 2023’s biggest disappointment for investors. Having started the year in everyone’s good books amid expectations...

Mon, 25/09/2023 - 10:45

Rate worries depress markets, FTSE manages to hold firm and Microsoft sees potential green light on Activision deal

“Thursday was a truly miserable day for US stocks, with the Nasdaq down 1.8% and the S&P falling 1.6%. The prospect of interest rates staying...

Fri, 22/09/2023 - 10:20

Markets down on prospect of higher rates for longer, Next and JD Sports coping well in a difficult environment

“Many investors had hoped the Federal Reserve pausing interest rate hikes would be good for markets. Alas, that hasn’t worked out, with equities weaker after...

Thu, 21/09/2023 - 09:43

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