Market reaction to autumn statement a far cry from Truss and Kwarteng’s mini-budget November 17, 2022 Financial markets largely glossed over chancellor Jeremy Hunt’s £55bn worth of tax hikes and spending cuts today, a marked change from them spitting out his predecessor Kwasi Kwarteng’s mini-budget. London’s FTSE 100 closed broadly flat, edging 0.06 per cent lower, while the domestically-focused mid-cap FTSE 250 index bumped 0.05 per cent high. Most of the [...]
More retailer woes send London’s FTSE 100 lower November 16, 2022 Another bad day for middle-class favourite and online supermarket Ocado led London’s FTSE 100 lower today. The capital’s premier index dropped 0.25 per cent to 7,351.19 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, tumbled 1.77 per cent to 19,112.40 points. Fresh inflation figures [...]
UK assets in focus this week November 16, 2022 | City Talk This week’s focus in markets apart from the US’s weak inflation print last week is on Sterling and the FTSE in the wake of a raft of economic data points, as well as the new Chancellor Jeremy Hunt’s Autumn statement on Thursday the 17th. UK inflation this morning came in at a level not seen [...]
Flowing to an “oasis of stability” November 16, 2022 | Sponsored Kazakhstan is emerging as a key investment opportunity as the nation spreads its wings economically and enters a new phase of its political development under President Kassym-Jomart Tokayev. Businesses including satellite company OneWeb and US technology group Honeywell have recently begun operations in the country, while international investors Franklin Templeton, VPE Capital and Vedra Partners [...]
Awful day for Ocado drags FTSE 100 into the red November 15, 2022 London’s FTSE 100 today was dragged down by investors souring on middle-class favourite and online supermarket Ocado. The capital’s premier index fell 0.21 per cent to 7,369.44 points, while the domestically-focused mid-cap FTSE 250 index dropped 0.85 per cent to 19,455.88 points. Ocado’s shares plummeted to the bottom of the FTSE 100 today, taking the [...]
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 [...]