Daily market update

Nvidia lifts US markets overnight and FTSE follows their cue, BHP cuts dividend in half, sterling higher on improved UK public finances, Wood Group lifts guidance

“The AI hype train continues to push Nvidia higher ahead of its results on Wednesday and that helped give US stocks a lift overnight,...

Tue, 22/08/2023 - 09:54

FTSE 100 higher despite underwhelming Chinese policy actions, housing market under pressures as Crest Nicholson issue profit warning

“The FTSE 100 ticked higher on Monday despite an initially lukewarm reaction to Chinese policy measures aimed at righting a listing economy,” says AJ Bell...

Mon, 21/08/2023 - 10:10

FTSE lower as Chinese property fears grow, UK retail sales slump twice as much as expected and US government bond yields surge on fears rates will stay higher for longer

“Whether it’s the brewing crisis in the Chinese property market, the surge in US bond yields on fears rates will stay higher for longer or...

Fri, 18/08/2023 - 10:24

Chinese property woes weigh on markets, Fed minutes raise prospect of further rate hikes and BAE buys Ball’s aerospace business for $5.6 billion

“In driving Asian indices to nine-month lows the current Chinese property woes may prompt an uneasy feeling of déjà vu for investors who remember previous...

Thu, 17/08/2023 - 10:13

FTSE 100 flat after CPI data, Admiral cuts dividend but says cycle is turning and Aviva beats expectations

“After yesterday’s big sell-off the FTSE 100 was flat on Wednesday morning as UK inflation numbers came in broadly as expected,” says AJ Bell Investment...

Wed, 16/08/2023 - 09:57

FTSE slumps after record UK wage growth, Marks & Spencer sparkles, Legal & General beats expectations but investors are unconvinced

“Alarm bells are ringing on UK inflation once more as the latest figures from the Office for National Statistics show record wage growth,” says AJ...

Tue, 15/08/2023 - 10:08

FTSE lower amid Chinese property woes, UK inflation in focus this week and YouGov mulls a US listing

“A crisis in the Chinese real estate sector is a story the market has heard before and not one which has typically come with a...

Mon, 14/08/2023 - 09:21

FTSE lower after US stocks hand back gains, factory gate prices due from across the Atlantic and UK GDP comes in ahead of expectations

“After another positive surprise on US inflation, stocks were all set to stage another rally before the head of the San Francisco Federal Reserve Bank...

Fri, 11/08/2023 - 10:31

FTSE 100 higher ahead of US inflation figures, Persimmon sticks with guidance despite horror first half and mixed fortunes for Walt Disney

“The FTSE 100 was a touch higher at the start of what could be an important day for markets as the US readies its latest...

Thu, 10/08/2023 - 11:49

FTSE 100 up despite Chinese deflation, Flutter hails exceptional US contribution ahead of New York move and TUI reports first third quarter profit since pandemic

“The market has spent so long fretting about inflation it feels discombobulating to suddenly switch attention to deflation,” says AJ Bell Investment Director Russ Mould....

Wed, 09/08/2023 - 09:37

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