UK stocks flat after lockdown guideline confusion Both large cap and mid cap London-listed stocks posted a near flat day on Monday, after a confusing day in which the Prime Minister was forced to put out a substantial clarification about the advice he provided on the lifting of lockdown measures over the weekend. His statement…
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Key data points Bold indicates the most important releases for this symbol. Tuesday 12 May, 1.30 GMT: Chinese annual inflation (April) - consensus 3.7%, previous 4.3% Tuesday 12 May, 12.30 GMT: American annual core inflation (April) - consensus 1.7%, previous 2.1% Tuesday 12 May, 12.30 GMT: American annual inflation (April) - consensus 0.4%, previous 1.5%…
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FTSE climbs despite Bank of England warning UK markets were closed on Friday for a public holiday, but the FTSE 100 gained more than 3% between Monday and Thursday, while the FTSE 250 had a positive but more pedestrian week. The shortened week ended on a high, with the FTSE 100 gaining 1.4% on Thursday…
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Education publisher Pearson was the biggest loser in the FTSE 100 for the day, closing 8.2% down. Again, insurers featured heavily among the biggest winners in the FTSE 250 on Wednesday, with Hiscox jumping 9.6%, and Direct Line 4.5%. FTSE 100: +0.1% Wednesday, -22.4% YTD FTSE 250: +0.7% Wednesday, -27% YTD What to watch Bristol-Myers…
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GOLD The gold price is slightly suffering against the renewed strength of the greenback. The spot price dropped below $1,700 once again, but the decline has been modest so far and it’s not changing the main trend, which remains supportive for bullion. It will be crucial for the spot price to hold above $1,670, as…
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EUROPEAN SHARES Uncertainty reigns on risky assets in the middle of the week as investors around the world are now torn between contrasting drivers. On the one hand traders know that the peak of the virus is likely to have passed and the end of the crisis may be in sight, paving the way for…
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UK car sales lowest since 1946 London-listed stocks rose on Tuesday, with the FTSE 100 closing 1.7% higher, despite disastrous figures on UK car sales and negative economic data. New car registrations fell 97% in April versus the same month last year, with only 4,321 cars registered, according to a trade body. That figure is…
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Finance names were also a weight on the FTSE, with Lloyds Banking Group, Standard Chartered, Standard Life Aberdeen, M&G, Royal Bank of Scotland and Aviva all losing more than 2%. In the FTSE 250, 10 firms posted share price falls of more than 8%, including WH Smith Plc, Provident Financial, and Cineworld Group. At the…
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EUROPEAN SHARES Stocks opened higher everywhere in Europe on Tuesday, extending the gains at the end of yesterday’s trading session by US equities. This change in sentiment was triggered by investors noticing good signs on the virus front from California, ahead of the reopening of the state next Friday. Spain, France and Hong Kong are…
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Rolls-Royce looking at mass layoffs London-listed mid cap stocks outperformed their large cap counterparts last week, with the FTSE 250 gaining 2.9% to the FTSE 100’s 0.2%. In economic data, March car production in the UK fell 37.6% year-over-year, while mortgage approvals fell from 73,670 in February to 56,200 in March. Over the weekend, it…
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