FTSE 100 tumbles back as UK opening pauses London-listed shares tumbled last week, with the FTSE 100 sinking by 3.7%, taking its year-to-date loss back past 20%. The postponement of further easing of lockdown restrictions in England was one factor affecting sentiment, as was the news that the Eurozone economy shrank at its fastest rate…
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FTSE 100 back below 6,000 on struggling banks and US economic woes Financial firms led the FTSE 100 2.3% lower on Thursday amid profit warnings from Lloyds Bank, the UK’s largest retail bank, and jitters caused by dire GDP data from Germany and the US. The FTSE 250 meanwhile was down a more modest 1.3%.…
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EUROPEAN SHARES European contracts traded lower on Thursday as market sentiment remains uncertain ahead of today’s slew of corporate results. The Fed’s extremely dovish tone yesterday was already largely priced in and didn’t lead to extreme price action on stock markets. Even though Jay Powell pledged to keep the macro environment extremely accommodative using all…
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UK housebuilders soar ahead of mortgage data release London-listed housebuilders and property developers jumped yesterday, with Berkeley Group, Barratt Developments, Land Securities Group, Persimmon and Taylor Wimpey all among the top 10 FTSE 100 stocks on the day. The rally came ahead of data on June mortgage lending and approvals, which is released for the…
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EUROPEAN SHARES European stock markets continued their consolidation on Wednesday, following an Asian trading session without clear direction. Even if global fiscal and monetary stimulus provided investors with some sort of insurance against deeper market corrections, the current busy macro environment makes short-term market predictions very difficult for traders. The current lack of market directionality…
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Airline stocks hit by quarantine news London-listed stocks started the week in the red, with the travel sector taking the market lower after the British government introduced a 14-day quarantine for travellers coming in from Spain. In the FTSE 100, International Consolidated Airlines Group (IAG) fell 5.9% and Intercontinental Hotels Group closed 4% down. In…
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EUROPEAN SHARES European markets are mostly trading higher but without a clear direction nor significant volatility on Tuesday as the “wait and see” mood continues on riskier assets. The current short-term lack of directionality is partly explained by expectations investors have towards the ongoing negotiations between Republicans and Democrats in the Senate about a multi-trillion-dollar…
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Key data this week Bold indicates the most important release for this symbol. Monday 27 July, 12.30 GMT: durable goods orders (June) - consensus 7.2%, previous 15.8% Wednesday 29 July, from 18.00 GMT: meeting of the Federal Open Market Committee Thursday 30 July, 12.30 GMT: American quarterly GDP growth (advance, Q2) - consensus -34%, previous…
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EUROPEAN SHARES European shares opened lower on Monday as market sentiment remains subdued with stock traders bracing for another busy week. The deadly virus is still having a strong impact on markets despite the global monetary and fiscal response. Increasing COVID-19 cases around the world recently have led to some renewed lockdown and quarantine measures,…
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New quarantine rules threaten British airlines London-listed shares fell harder than their US counterparts last week, with the FTSE 100 ending 2.7% lower after sinking 1.4% on Friday. M&G and Vodafone were the two biggest losers on Friday, closing out the day 6% and 5.2% lower respectively. In addition to the factors that hurt US…
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