FTSE 100: Early gains fade as mining stocks drag down index May 20, 2021 London’s FTSE 100 fell 0.3 per cent this morning as declining mining stocks cut out early banking gains. The blue-chip index had advanced 0.4 per cent in early trading, with home retailer Kingfisher adding 3.6 per cent after raising its first half profit outlook. But those gains were dragged down by mining stocks including Fresnillo, [...]
Wall Street and FTSE 100 drop as inflation worries mount May 19, 2021 Wall Street opened lower this afternoon as rising inflation sparked fears of scaled back support ahead of a key meeting of the US Federal Reserve. The Dow Jones dropped 0.3 per cent and the S&P 500 was down 0.7 per cent, while the tech-heavy Nasdaq dropped 1.7 per cent. It followed losses for the FTSE [...]
FTSE 100 reshuffle: Are Royal Mail and ITV in pole position for promotion? May 19, 2021 Royal Mail and ITV look to be strong contenders for promotion to the index of the UK’s 100 biggest public companies during next month’s FTSE reshuffle. ITV, which has been boosted by the return of ad revenue, is considered a strong outsider to inch back into the top flight, according to analysis from Hargreaves Lansdown. [...]
Wall Street rises on retail boost as jobs data helps FTSE 100 tick up May 18, 2021 Wall Street opened marginally higher this afternoon after better-than-expected retail results boosted optimism about rising consumer confidence. The Dow Jones ticked up 0.07 per cent at the open, while the S&P 500 edged 0.06 per cent higher. The tech-heavy Nasdaq gained 0.28 per cent at the opening bell. The modest gains came after Walmart and [...]
Wall Street slips as banking stocks and stronger pound weigh on FTSE 100 May 17, 2021 Wall Street opened lower this afternoon, reversing a strong recovery late last week as investors turned their attention back to inflation worries. The Dow Jones slipped 0.02 per cent and the S&P 500 opened lower by 0.09 per cent, while the tech-heavy Nasdaq dropped 0.46 per cent at the opening bell. It came after London’s [...]
City A.M. TV: Market Snapshot May 17, 2021 In today’s video we examine the question of whether or not Bitcoin provides any insight into the global equity market direction.
FTSE 100 rebounds from five-week low while Wall Street extends recovery May 14, 2021 London’s FTSE 100 rebounded this afternoon as heavyweight financials stocks lifted the index after hitting a five-week low yesterday. The blue-chip index rose one per cent during afternoon trading, with software firm Sage adding 3.4 per cent after forecasting a year of growth towards the top end of its range. Read more: IPO: London commodities [...]
FTSE 100 sinks to five-week low while tech shares drive Wall Street higher May 13, 2021 London’s FTSE 100 dropped sharply this afternoon, giving up yesterday’s gains amid fears of a rise in inflation and weak performance from heavyweight stocks. London’s premier index was down by 0.7 per cent in afternoon trading, dropping to 6,953.60 points – its worst price for almost a month. The FTSE 250 of midcap companies was [...]
FTSE 100 outperforms global peers as Wall Street opens lower May 12, 2021 London’s FTSE 100 rebounded today after stronger-than-expected GDP data bolstered optimism about a sharp economic recovery. The blue-chip index rose 0.9 per cent this afternoon, with drinks giant Diageo adding 4.1 per cent after forecasting profit growth and restarting its capital return programme. Elsewhere, Wall Street’s main indexes opened lower this afternoon after better-than-expected inflation [...]
Wall Street closes lower as inflation jitters spark broad sell-off May 11, 2021 US stocks closed lower today as rising commodity prices and labor shortages fed fears that despite reassurances from the US Federal Reserve, near-term price spikes could translate into longer-term inflation. While all three indexes pared their losses from session lows, the sell-off was fairly evenly dispersed across the sectors. The Dow Jones Industrial Average fell [...]