OPEC cuts oil forecasts for fifth time amid growing economic headwinds November 14, 2022 OPEC cut its forecasts for global oil demand this year for a fifth time since April - further cutting into next year's projected figures.
FTSE 100 kicks off busy UK data week positively November 14, 2022 London’s FTSE 100 bounced higher today to kick off a hefty week of UK economic news. The capital’s premier index jumped 0.92 per cent to 7,385.17 points, while the domestically-focused mid-cap FTSE 250 index, which is aligned with the health of the UK economy, edged 0.03 per cent higher to 19,622.25 points. Investors are eyeing [...]
Financial Markets Wrap-Up November 11, 2022 | City Talk Well, were at the end of another interesting week of trading. We started the week with some poor Chinese trade data, coupled with a back track on rumours from the previous week that covid restrictions would be loosened which kicked us off with a slightly negative start but the action for the week was never [...]
FTSE 100 kicked higher after encouraging US inflation figures November 10, 2022 London’s FTSE 100 today was goosed by US inflation finally showing signs it is markedly slowing down and may have even peaked. The capital’s premier index climbed 1.08 per cent to 7,375.34 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, surged 3.9 per cent [...]
Markets absorb disappointing earnings as crypto uncertainty knocks sentiment November 10, 2022 Having come off the back of three days of losses the US dollar rebounded strongly yesterday as markets absorbed further disappointing earnings numbers, and cryptocurrency exchange Binance backed out of the FTX takeover, due to an $8bn shortfall, prompting a rout in cryptocurrencies in the process. This jittery market backdrop prompted a sharp selloff in [...]
FTSE 100 plagued by string of downbeat results November 9, 2022 London’s FTSE 100 today was weighed down by investors ditching retail and leisure firms after several large players in the sector revealed they have been hit by the UK economic slowdown. The capital’s premier index edged 0.14 per cent lower to 7,296.25 points, while the domestically-focused mid-capo FTSE 250 index, which is more aligned with [...]
M&A Purchasing Power: A US Shopping Spree in Europe? November 9, 2022 | City Talk The US dollar has gained strength over the last few months. And the euro fell below parity with it in July. And the pound… well, let’s not get started. For international organizations with dollar-denominated debts, conditions have become more expensive over the course of this year. Conversely, for US consumers, a stronger dollar will lead [...]
Midweek markets: US dollar disappoints on the back of a slide in yields November 9, 2022 With most of the market attention on the US mid-terms action can only be characterised as bitty. There was no real catalyst for any of the moves we saw yesterday, with some of the moves technical in nature. It was another positive day for markets in Europe yesterday, with the DAX closing above its 200-day [...]
FTSE 100 dragged down by Persimmon tumbling after property market warning November 8, 2022 London’s FTSE 100 today was pulled down by house builder Persimmon tumbling after it warned rising rates will hit its bottom line. The capital’s premier index edged 0.08 per cent higher to 7,306.14 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 0,75 per [...]
Global investors plough £97bn into funds as confidence rebounds November 8, 2022 Global investors ploughed $111.5bn (£96.58bn) into exchange traded products in October as conviction roared back in the strongest month of flows since March, new data has revealed.