Daily market update

FTSE 100 boosted by resource stocks, China provides growth reassurance, JD Sports update troubles the market and PZ Cussons hit by Nigerian currency moves

“A combination of geopolitical tensions in Russia stoking supply fears and pledges of state support for the Chinese economy have helped lift commodities and boosted...

Tue, 27/06/2023 - 09:42

Markets avoid big sell-off on Russia mutiny, Aston Martin strikes EV deal with Lucid and Primark owner Associated British Foods lifts profit forecast

“The uprising in Russia could have sent shockwaves across equity and commodity markets but an apparent U-turn has meant only marginal volatility rather than a...

Mon, 26/06/2023 - 10:23

Tech lifts US markets, European equities in the red, GSK settles Zantac case and the bubble bursts on podcast platform Audioboom

“It’s tech to the rescue once again as a strong showing from names such as Amazon and Apple helped Wall Street to record...

Fri, 23/06/2023 - 10:25

FTSE 100 lower ahead of Bank of England rate decision, bid chatter lifts Ocado, DS Smith makes up for lower volumes with price increases and Whitbread’s recovery gathers pace

“The FTSE 100 was looking pretty sickly on Thursday morning as it awaited an interest rate hike from the Bank of England,” says AJ Bell...

Thu, 22/06/2023 - 10:29

Markets wobble on UK inflation reading, Berkeley guides for big sales decline and Fedex warns of ongoing demand weakness

“Inflation is proving as sticky as superglue, prompting talk that central banks will keep raising interest rates. The prospect of the Bank of England potentially...

Wed, 21/06/2023 - 09:46

FTSE shakes off Wall Street hangover, Lookers takeover, Frasers piles into Currys and Revolution Beauty spat takes a new turn

“A slight wobble on Wall Street last night caused a bit of a hangover on Asian and European markets, but the damage looks relatively minor,”...

Tue, 20/06/2023 - 09:51

FTSE follows Asian markets lower, market unsure on Coca-Cola HBC Finlandia deal, cracks show in property market with rate hike expected, shake-up at British American Tobacco

“The FTSE 100 followed Asian indices lower amid continuing concerns about China’s faltering recovery and profit-taking in Japan after a strong rally,” says AJ Bell...

Mon, 19/06/2023 - 10:43

Markets end the week on a high, Tesco shares slip, and Travis Perkins warns on profits

“A decent showing on Wall Street last night has helped to put investors in a good mood, with the key markets across Europe and Asia...

Fri, 16/06/2023 - 11:00

European stocks muted as Fed hits pause, new boss for Legal & General, ASOS recovery takes shape, WE Soda abandons London IPO

“The Fed’s decision to pause rates overnight was not unwelcome to markets but also not a surprise and that is reflected in the muted performance...

Thu, 15/06/2023 - 10:25

Shell rows back on oil production cuts, Robert Walters in jobs market warning and all eyes on US interest rate decision

“Investors have a checklist of things to worry about, with interest rates, inflation and economic growth front and centre. Today, they get an update on...

Wed, 14/06/2023 - 11:15

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