UK STOCKS Investors are set for a trading day lacking any clear direction as most financial places around the world will be closed for Labour Day. However, there remains considerable volatility on UK stocks, which have had many drivers to shake their prices recently. From the reassuring news on the virus front to the mixed…
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Financial stocks suffered a negative day too, with Royal Bank of Scotland, Standard Life Aberdeen and Lloyds Banking Group all closing more than 7% lower. The FTSE 250 also sank on Thursday, closing 2.3% lower, with Virgin Money UK and Crest Nicholson both posting double digit losses. FTSE 100: -3.5% Thursday, -21.8% YTD FTSE 250:…
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Overall, US markets enjoyed a significant rally on Wednesday, with the S&P 500 gaining 2.7%. Notably, the Nasdaq Composite is now less than one percentage point away from being back to where it started 2020. The Nasdaq was led higher by 8% plus gains from Micron, Marriott, Alphabet (Google’s parent) and Align Technology. S&P 500:…
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GOLD Gold price is rebounding and reaffirming the positive mood that followed yesterday’s Fed meeting. Investors remain confident about a relatively quick solution to coronavirus, although it is now abundantly clear that central banks will be forced to print a large amount of money. From a technical point of view, in the middle of April…
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EUROPEAN SHARES Shares mainly opened higher on Wednesday ahead of what is expected to be a very busy day for investors despite an uncertain mood following mixed earnings yesterday. Today’s market sentiment is likely to be shaken as traders struggle to find any fresh bullish drivers to the current rally amid a slew of major…
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All three major US stock indices posted a negative day yesterday, with the tech heavy Nasdaq Composite falling furthest at -1.4%, although the index is down just 4.1% year-to-date. Information technology stocks were among the day's biggest losers, with the IT sector of the S&P 500 falling 1.4%, driven by a 2.4% decline in software…
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EUROPEAN SHARES Stock markets in Europe lacked a clear direction on Tuesday following a similar trend on Asian benchmarks. The risk appetite is still alive this week but investors remain torn between reassuring data on the virus front and poor earnings results. Lower infection rates almost everywhere seem to suggest the market bottom may now…
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FTSE climbs, Tesco begins laying off temporary workers London-listed stocks mirrored the US with a positive start to the week yesterday, with the FTSE 100 and FTSE 250 rallying by 1.6% and 1.7% respectively. Chancellor Rishi Sunak told Parliament that small businesses will get access to 100% taxpayer-backed loans of up to £50,000 that they…
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FTSE 100: -1.3% Friday, -23.7% YTD (-0.6% last week) FTSE 250: -1.1% Friday, -28.3% YTD (-1.1% last week) What to watch Keurig Dr Pepper: Keurig Dr Pepper is the firm behind brands including Krispy Kreme, 7Up and Evian. The firm’s share price is down 9.2% year-to-date, meaning it is performing better than the broader market.…
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EUROPEAN SHARES European share markets edged higher on Monday, with investors catching up with last week’s late rally on Wall Street and market sentiment being boosted over the weekend. The main good news came on the virus front after Italy, France and Spain registered significantly lower deaths as well as new cases, which paves the…
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