Daily market update

Asian stocks rally, Vodafone CEO to leave, and good and bad news for oil and gas stocks

“After several weeks of investors asking, ‘will it, or won’t it?’ about China relaxing its Covid restrictions, the balance of opinion seems to be positive...

Mon, 05/12/2022 - 10:13

FTSE dips ahead of US jobs numbers and ASOS interim finance chief to exit

“The market is looking for the Goldilocks of US jobs numbers later on Friday,” says AJ Bell Investment Director Russ Mould.

“Ideally the labour...

Fri, 02/12/2022 - 09:23

Stocks higher as Powell says pace of rate hikes to ease before Christmas, UK house prices slump and Hotel Chocolat reshapes for the future

“For the first time in an age it feels like Federal Reserve chair Jerome Powell is telling markets what they want to hear,” says AJ...

Thu, 01/12/2022 - 09:52

Investors await US jobs and Fed updates, Abrdn to miss out on FTSE 100 promotion and Mulberry swings to loss as sales slump

“Despite all the doom and gloom bestowed upon investors this year, there has been a Christmas miracle for patient individuals holding large UK stocks. The...

Wed, 30/11/2022 - 09:58

FTSE 100 bounces back on China hopes, EasyJet still loss-making, Shell buys biogas firm and Boohoo doubles stake in Revolution Beauty

“The FTSE 100 bounced back on Tuesday as the same oil and mining stocks which had driven the index lower yesterday recovered on hopes for...

Tue, 29/11/2022 - 10:07

Chinese Covid protests spark market sell-off and Rio Tinto reaches agreement on cave destruction

“The FTSE 100 started the week firmly on the back foot, dragged lower by resources stocks as widespread protests against China’s zero-Covid policy raised concerns...

Mon, 28/11/2022 - 09:19

Markets remain resilient, Devro takeover and property-related stocks hit by profit warning and bearish broker comment

“Investors might not realise it, but we’ve just had an important week in terms of the potential direction of markets going forward. Signs that the...

Fri, 25/11/2022 - 09:51

FTSE flat as pound hits post-Truss highs against the dollar, Fed hints pace of rate hikes to slow, Dr Martens trips up after margin hit, Jet2 holds up well and Kingfisher boosted by energy efficiency drive

“The FTSE 100 started the day a smidge lower as the pound reached its highest levels against the dollar since the start of Liz Truss’...

Thu, 24/11/2022 - 09:32

Markets upbeat, Manchester United potential sale, Pets at Home hit by rising costs and Halfords sees profit at bottom end of expectations

“Despite the prospect of the Federal Reserve’s latest minutes reminding markets that it has no intention of taking its foot off the acceleration pedal for...

Wed, 23/11/2022 - 10:10

FTSE lower after Covid resurgence in China, Bob Iger returns as Disney CEO and Virgin Money unveils big dividend and buyback

“The FTSE 100 started lower on Monday after Covid made its latest unwanted comeback in China,” says AJ Bell Investment Director Russ Mould.

“The...

Mon, 21/11/2022 - 10:21

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