Daily market update

Oil prices in focus, Barratt hit by housing market troubles, WH Smith slips on travel growth slowdown and Darktrace trims margin guidance as it points to year of ‘two halves’

“If central bankers thought energy prices were an area they could relax on a bit, then the move higher through June has firmly disabused them...

Wed, 06/09/2023 - 10:02

China worries return, supermarkets dragged lower by negative commentary, Enquest profit (but not cash) wiped out and Ashtead shares hit by pockets of bad news

“After yesterday’s rally fizzled out through the course of the day, the FTSE 100 was on the back foot on Tuesday,” says AJ Bell Investment...

Tue, 05/09/2023 - 10:13

Jobs data lowers US rate hike expectations, Asian shares rally on property sector initiatives and Watches of Switzerland directors snap up shares after last month’s sell-off

“Investors are growing warm to the idea that the Federal Reserve might not rush to raise interest rates again at its next meeting. An increase...

Mon, 04/09/2023 - 10:15

US inflation and China stimulus news boosts markets, investors await US non-farm payroll data and Direct Line dented

“After what proved to be a difficult August, a key measure of US inflation came in roughly in line with forecasts overnight to help markets...

Fri, 01/09/2023 - 11:31

Investors await key US inflation reading, China misery continues, Salesforce shines and Frasers raises stake in Boohoo once again

“The FTSE 100 was holding on by its fingertips to its latest move higher as investors awaited the latest reading of core inflation from the...

Thu, 31/08/2023 - 10:11

US rally fails to lift Asia & Europe, Prudential tops FTSE 100 risers, Direct Line gets new boss and The Works sees profits plummet

“A decent showing on Wall Street last night failed to lift the spirits across Asia and Europe on Wednesday, with most of the key indices...

Wed, 30/08/2023 - 10:20

China moves boost markets as Bunzl lifts earnings guidance to prove boring can be beautiful

“The market may have been underwhelmed by China’s initial efforts to restore confidence, but that doesn’t seem to be the case with the latest measures,...

Tue, 29/08/2023 - 09:56

Nvidia joy fails to spur new market rally, stocks retreat ahead of Powell speech and Watches of Switzerland slumps on Rolex news

“So much for Nvidia’s knock-out earnings triggering a new global stock market rally. The celebration was short-lived, with Wall Street ending Thursday on a...

Fri, 25/08/2023 - 10:00

Nvidia smashes expectations, stocks higher as Jackson Hole gets underway, new boss for Hays as it makes workforce cuts and Harbour Energy profit (but not cash) wiped out by windfall tax

Nvidia

“Better than expected quarterly earnings from Nvidia have significant implications for global markets,” says AJ Bell Investment Director Russ Mould.

“The chip...

Thu, 24/08/2023 - 10:29

FTSE higher ahead of Jackson Hole, Nvidia earnings in focus and Reckitt adds to the growing list of CFO changes

“The FTSE 100 made steady progress on Wednesday as investors await the start of potentially the driest shindig in the world, with central bankers due...

Wed, 23/08/2023 - 10:02

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