Daily market update

Pound fights back, DFS makes market share gains and Hang Seng up as Asian stocks soar

“Yesterday’s drama saw the Bank of England warning about a painful recession and a slump in the pound followed, although the currency (versus the US...

Fri, 04/11/2022 - 10:27

FTSE lower on Powell rhetoric, Sainsbury’s gains market share, BT cost-cutting, Howden defies spending crunch, and Rolls-Royce sticks to guidance

“Every time the market seems to get its hopes up that the Federal Reserve will pivot away from rate hikes, its chair Jerome Powell emerges...

Thu, 03/11/2022 - 11:15

FTSE steady ahead of central bank meetings, Metro Bank returns to profit, healthy outlook for GSK, wind goes out of Vestas’ sails and Next avoids disaster

“After a positive couple of days, the FTSE 100 was in consolidation mode on Wednesday,” says AJ Bell Investment Director Russ Mould.

“All eyes...

Wed, 02/11/2022 - 09:27

Gilts in focus again, property prices fall, FTSE up and BP bumper profit will increase windfall tax clamour

“The cost of government debt is once again at the forefront of investors’ minds as the Bank of England kicks off a new programme to...

Tue, 01/11/2022 - 09:57

Wheat prices soar as Russia pulls out of grain deal, banks rally on windfall tax relief, EasyJet shares jump on takeover speculation

“The Bank of England and US Federal Reserve have yet another thing to think about ahead of their respective interest rate decisions later this week...

Mon, 31/10/2022 - 09:12

FTSE 100 lower as Amazon the latest big tech name to disappoint with Apple the least bruised, Natwest increases bad debt provisions

“Having held the line for most of this week the FTSE 100 finally caves to the negative pressure from big tech disappointments across the pond,”...

Fri, 28/10/2022 - 10:01

FTSE lifted by strong Shell numbers, Zuckerberg plea for patience falls on deaf ears as Meta gets mashed up by the market and Lloyds ups bad debt provisions

“US tech may be letting the side down when it comes to third quarter earnings but bumper profit from index heavyweight Shell helped lift...

Thu, 27/10/2022 - 10:00

FTSE flat as US tech disappoints, Made on the brink, Barclays structured product debacle drags on profit and Reckitt sales slow

“The FTSE 100 started off the day in steady fashion despite the negative backdrop provided by weak quarterly numbers from the US tech sector,” says...

Wed, 26/10/2022 - 10:09

FTSE dips as Sunak prepares to become PM, HSBC hit by shock finance chief exit, Premier Inn owner Whitbread seeing strong demand

“The FTSE 100 started the day modestly lower, below the 7,000 mark which has often acted as a floor for the index in recent times,”...

Tue, 25/10/2022 - 09:20

Pound rises and gilt yields fall as Sunak looks set for Number 10, Ashley takes a stake in ASOS, Auto Trader sells Irish business and Pearson performs well

“At least PM-in-waiting Rishi Sunak knows he’s got the markets on his side,” says AJ Bell Financial Analyst, Danni Hewson.

“After rival Boris Johnson...

Mon, 24/10/2022 - 10:15

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