Daily market update

Stocks fall on Fed uncertainty, US bank shares hit as blanket deposit insurance ruled out and Wickes sales slow as home renovation boom ends

“Before the collapse of SVB, signs the Federal Reserve was nearing the end of its rate hiking cycle would have been cause for the market...

Thu, 23/03/2023 - 09:48

Central banks walking the tightrope as UK inflation stays high, Nike still not on winning form and Fevertree price hike plan welcomed by investors

“Today’s UK inflation reading was pretty much the worst possible news for the Bank of England ahead of its rate decision tomorrow,” says AJ Bell...

Wed, 22/03/2023 - 10:12

Markets improve as investors snap up UK banking shares, Kingfisher outlines new strategy

“The clouds are parting and glimpses of blue sky are giving hope to investors after a chaotic few weeks. With no new troubles in the...

Tue, 21/03/2023 - 10:40

New sell-off in banking shares amid AT1 bond fears as investors hide in gold and defensives

“Everything is moving so quickly in the banking sector that as soon as you think the main issue is sorted, along comes another worry. The...

Mon, 20/03/2023 - 09:31

FTSE 100 in bounce-back mode as containment job on banking crisis holds for now, while The Restaurant Group perks up

“The FTSE 100 was firmly in bounce-back mode on Friday as Credit Suisse held on to the gains from yesterday’s relief rally at the...

Fri, 17/03/2023 - 09:20

Markets start to recover, all eyes on the ECB, UK bank stocks in demand, Deliveroo burns through cash and The Gym Group hit by rising costs

“One minute the market is worried about a banking crisis, the next minute it is more relaxed. This hot/cold mentality creates an odd atmosphere and...

Thu, 16/03/2023 - 09:59

FTSE 100 in the red again, Bloomsbury earnings upgrades, Prudential shares swerved despite China reopening boost and Trainline’s recovery held back by rail strikes

“It would be nice to have a sense of calm across the markets following troubles earlier this week but it’s clear that investors remain nervous...

Wed, 15/03/2023 - 09:52

FTSE 100 lower as HSBC sinks but signs the market is stabilising ahead of US inflation figures

“The FTSE 100 may have been dragged lower by index heavyweights on Tuesday morning, but there was a sense some calm had been restored to...

Tue, 14/03/2023 - 09:53

Markets edgy after SVB collapse, HSBC buys SVB’s UK operations for £1, Direct Line has big problems to fix

“Despite the best efforts of governments and regulators, the market was still very edgy on Monday as investors considered the fallout from SVB’s collapse,” says...

Mon, 13/03/2023 - 10:05

SVB fallout hits banking stocks, UK GDP rebounds and Berkeley sticks to 2023 guidance but remains cautious

“An earthquake in Silicon Valley led to aftershock on Wall Street and the tremors could still be felt in London on Friday morning,” says AJ...

Fri, 10/03/2023 - 10:58

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