Covid vaccine producers surge ahead of UK and US equity benchmarks July 5, 2021 Shares in companies producing or working on the production of Covid vaccines surged ahead of the UK and US’s equity benchmarks in the first six months of this year, new figures published today reveal. Analysis by FactSet shows that an equally weighted holding of all 13 vaccine producing companies climbed over 45 per cent during [...]
US stocks reach record high after strong jobs report July 2, 2021 US stocks hit a record high on Friday after the Labour Department posted better than expected jobs figures. The blue chip S&P 500 gained 0.31 per cent, up to 4,333, while the tech-heavy Nasdaq added 0.43 per cent to hit 14,585, both record highs. US businesses embarked on a hiring spree last month as the [...]
Post-Brexit rebound: London muscles out Amsterdam to reclaim trading top spot July 2, 2021 The City reclaimed its place at the top of Europe’s largest share trading centre rankings last month for the first time since Brexit, muscling out Amsterdam from top spot. £7.6bn (€8.9bn) of shares a day were traded on average at London venues in June, compared to £7.6bn (€8.8bn) for various Dutch venues, new data published [...]
City A.M. TV: A market snapshot (video) July 2, 2021 US markets have continued their grind higher this week with the S&P500 eking out gains on all four trading sessions so far. Across the globe, though, the strength in other equity markets has been less marked: In the Euro zone most equity markets have traded sideways or even lower over the course of June; in [...]
FTSE 100 climbs as Sunak outlines post-Brexit financial services roadmap July 1, 2021 London’s FTSE 100 surged this afternoon as investors digested the Chancellor’s post-Brexit roadmap for the UK’s financial service industry. The capital’s premier index climbed 1.25 per cent in afternoon trading to reach 7,125. The rally came after Chancellor Rishi Sunak outlined plans to make the UK financial services industry more competitive on the global stage. [...]
FTSE 100 set to reverse trend of monthly gains June 30, 2021 London’s FTSE 100 dropped on Wednesday afternoon as the index looks set to reverse a trend of successive monthly gains. The capital’s premier-index was down 0.49 per cent in the afternoon session. The index has risen every month since February, but it looks likely to end that run in June. The fall comes as the [...]
FTSE 100 climbs despite mounting concerns over Delta variant June 29, 2021 London’s FTSE 100 climbed on Tuesday despite mounting concerns over the spread of the Delta variant of coronavirus. The capital’s premier index rose 0.39 per cent to 7,100 in afternoon trading. The gains come as data from the Bank of England shows households recorded positive net consumer borrowing for the first since August, fuelling hopes [...]
Energy and mining stocks boost FTSE 100 June 25, 2021 London’s FTSE 100 climbed on Friday afternoon as surging commodity prices provided an uplift for energy and mining stocks. The capital’s premier index added 0.35 per cent to reach 7,134 in afternoon trading. The FTSE 100 looks set to register a weekly rise. Today’s gains built on yesterday’s session after investors reacted positively to the [...]
Nasdaq hits record high as Wall Street rally continues June 23, 2021 US stocks rose today as the Nasdaq hit a record high after Fed officials calmed fears of a sharp tapering of monetary stimulus. The Dow Jones Industrial Average and the benchmark S&P 500 both gained 0.1 per cent at the open. Meanwhile, the tech-heavy Nasdaq advanced by 0.2 per cent to open at a record [...]
US stocks muted ahead of Fed Chair Powell’s testimony while FTSE climbs June 22, 2021 Wall Street was subdued at the open today as investors awaited Federal Reserve Chair Jerome Powell’s remarks for hints on how the central bank is balancing inflation risk with its promise to ensure a jobs market recovery. The Dow Jones Industrial average fell 0.3 per cent, while the S&P 500 lost 0.05 per cent. Meanwhile, [...]