Daily market update

Markets eye US jobs numbers, Wetherspoons unhappy and Marshalls hit by slump in household paving stone demand

“The key event of the day for markets is the release of new US jobs numbers as these will be analysed closely by the Federal...

Fri, 07/10/2022 - 10:13

FTSE up modestly, oil up on OPEC cut but Shell hit by weak performance, Imperial Brands is swimming in cash, strong sales for Diageo and Motorpoint stalls

“It doesn’t feel like Tuesday’s market rally was built to last as the dollar is back on the march. While the FTSE 100 is modestly...

Thu, 06/10/2022 - 11:06

FTSE dips, OPEC readies production cut, Twitter deal back on, Tesco trims profit guidance

“After yesterday’s big rally there was a more sober start for the FTSE 100 this morning as the EU moved closer to a deal to...

Wed, 05/10/2022 - 10:00

Markets rebound, Drax slumps, Royal Mail changes name and Greggs looks resilient

“Stocks are up, the Vix volatility index is easing back, and US and UK government bond yields are falling. It’s as if everyone has forgotten...

Tue, 04/10/2022 - 10:20

Market reaction to 45% tax U-turn, Telecom Plus pleases again and Tortilla shares burnt by bad news

“The pound enjoyed a welcome bounce after Kwasi Kwarteng manoeuvred his first U-turn as Chancellor by scrapping the proposed cut to the 45% tax rate,...

Mon, 03/10/2022 - 10:22

Pound returns to pre-mini-Budget levels, second quarter GDP revised upwards, Cineworld sees admissions falling, Dignity swings to a loss

“The pound may have returned to the levels it was at when Chancellor Kwasi Kwarteng stood to address MPs a week ago but that doesn’t...

Fri, 30/09/2022 - 10:12

Gilts move back up, pension and property stocks fall, Next joins list of companies warning on profits

“The great gilt calamity of 2022 continues to inflict pain on investors as pension companies took a tumble on the UK market, dragging the FTSE...

Thu, 29/09/2022 - 10:10

FTSE hits 17-month low, Burberry brings in new creative chief and Boohoo warns again

“With the prospect of a sharp economic slowdown, further pain for households and businesses, and investor sentiment on its knees, alas equities markets continue their...

Wed, 28/09/2022 - 09:52

Pound steadies, FTSE 100 ticks up, Virgin Money in demand despite mortgage deal suspension and Saga misses again

“It felt like the calm after the storm on Tuesday morning as sterling stabilised and the FTSE 100 made modest progress,” says AJ Bell Investment...

Tue, 27/09/2022 - 10:25

Sterling hits record low against the dollar and Unilever boss Jope to retire

“The market’s continuing verdict on the mini-Budget which turned out to be anything but mini couldn’t really have been any more savage as sterling hit...

Mon, 26/09/2022 - 10:01

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