Capital Economics: AI ‘bubble’ now more of a risk for markets than interest rates February 9, 2024 While it was still "too early" to be confident that interest rates won't cause some imbalances, "the chances of a systemic financial event are diminishing".
Moving markets today: What’s shaping the FTSE 100 this morning February 9, 2024 S&P 500 inches closer to 5,000, Japanese stocks hit 34-year high, Arm shares surge 55%, Oil prices rise as Israel rejects ceasefire proposal, focus on PepsiCo earnings and Fed commentary.
Disney stock records best day since 2020; equity analysts raise price targets February 9, 2024 Disney shares surged dramatically on Thursday, marking their most remarkable single-day rally in the past decade, propelled by an exceptional earnings report. However, despite this surge, the entertainment giant is still striving to reclaim its former stock market prominence.
FTSE 100 close: London dragged lower by Astrazeneca, DS Smith soars after takeover rumours February 8, 2024 Shares in Astrazeneca, the biggest company listed in London, dropped 6.3 per cent even after reporting an increase in revenue in 2023.
The Guernsey stock market looking to crash LSEG’s private party February 8, 2024 Each week Charlie Conchie interviews chiefs in the world of finance and tech. This week he sits down with Cees Vermaas, the founder of Guernsey-based the International Stock Exchange.
Moving markets: Five things shaping the FTSE 100 today February 8, 2024 Asian shares track Wall Street's surge; China's inflation records the deepest drop since 2009. Oil prices rose amid slim progress in Gaza peace talks. SoftBank rises on Arm results; investors eye earnings, the Fed, and U.S. jobless claims.
Uber posts first annual net profit since IPO debut; equity analysts lift price target February 8, 2024 Uber posted its first annual net profit since going public, indicating improved user retention and successful strategic initiatives, prompting several equity analysts to raise the price target.
FTSE 100 live: London closes in the red as Barratt and Sainsbury’s drag index lower February 7, 2024 The biggest news in London this morning was the merger between FTSE 100 house-builder Barratt and Redrow, which is listed on the FTSE 250.
EU agrees post-Brexit clearing rules in bid to break London’s grip on market February 7, 2024 Vincent Van Peteghem, finance minister for Belgium, said "this will bring more clearing services to Europe and enhance our strategic autonomy".
FTSE 100 today: London markets likely to start higher, mirroring Asian peers February 7, 2024 Asian markets mirror the gains witnessed on Wall Street, supported by Beijing's escalating efforts to shore up its declining stock markets. Investors will closely monitor Fedspeak and UK house price data.