FTSE 100 today: London stocks brace for muted trading amid risk-averse sentiment; all eyes on US jobs data for guidance April 5, 2024 Wall Street's sharp decline led to a ripple effect, with Asian stocks following suit. Meanwhile, oil prices surged amid escalating Middle East tensions, while gold pulled back. All eyes now turn to the US jobs report and U.K. housing prices for further market direction.
DS Smith suitor pledges London Stock Exchange listing and headquarters in the City April 4, 2024 The US paper firm vying to snap up box-maker DS Smith has said it will look for a secondary listing in London and retain a base in the City if it is successful in buying the firm.
UK investors pour record amounts into US equity funds as they continue to flee the London Stock Exchange April 4, 2024 UK investors have pumped record amounts of cash into US equity funds this year while pulling cash from the domestic market, in another troubling sign for the health of the London Stock Exchange, new data has revealed.
One regulatory tweak in the US is about shake up global trading April 4, 2024 A US shift to shorter trading settlement cycles might sound technical – but it’s about to shake-up global markets. Some say the consequences in the UK and beyond could be profound. As a group of self-described trading “anoraks” chatted on a videocast late last week, the sense of annoyance from some was palpable. “The arrogance [...]
FTSE 100 today: London markets set to open higher following Asian peers’ lead April 4, 2024 Japan’s Nikkei led an Asian market rally. Oil and gold prices soared. Federal Reserve Chair Jerome Powell reiterated a cautious stance on rate cuts, while investor focus shifts to upcoming Fed speeches and U.S. jobs data.
Government debt sells off after Easter as higher-for-longer interest rate fears resurface April 3, 2024 "European bonds dropped, tracking the previous day’s selloff in Treasuries, as traders priced the possibility of fewer interest-rate cuts from the Fed," analysts at Liberum noted.
FTSE 100 today: London markets to open red as Fed rate-cut odds dwindle, spurring global decline April 3, 2024 Asian shares mirrored Wall Street's decline, while gold reached a record high and oil prices rose. China's services sector experienced accelerated growth. Taiwan was hit by its strongest earthquake in almost 25 years. Investors awaited Fed Chair Jerome Powell's speech and the release of the US Services PMI data.
FTSE 100 drops below 8,000 but index remains nears all-time high April 2, 2024 It briefly reached as high as 8,014, higher than its highest closing price of 8,012.53.
FTSE 100 today: London markets set to open higher, mirroring Asian peers after Easter holiday April 2, 2024 Hong Kong leads Asian stocks higher as the yen holds steady below 152 amid intervention threats. Meanwhile, the likelihood of a June rate cut by the US Federal Reserve drops to around 60 per cent. Focus remains on speeches by several Fed officials and the upcoming US monthly jobs report.
China’s March factory activity sparks hope for recovery, but clouds of uncertainty persist April 1, 2024 China's manufacturing sector saw its highest growth in over a year in March as firms resumed and sped up production post-Lunar New Year, according to an official survey.