Moving markets today: What’s shaping the FTSE 100 this morning January 8, 2024 Moving Markets Today: Asia Stocks Trade in Tight Ranges, U.S. Congress Leaders Finalize $1.66 Trillion Budget; Alaska Airlines Cancels 170 Flights, Corporate Earnings Season Begins Investors in Asian stock markets were cautious as they await inflation data from both the U.S. and China, as well as company earnings. U.S. Congress leaders have agreed on a [...]
US inflation to attract attention after markets make poor start to 2024 January 7, 2024 Market movements will likely be driven by the latest US inflation figures out this week after getting off to a sluggish start in 2024.
US jobs grow more than expected as wages keep rising, casting doubt on rate cuts January 5, 2024 U.S. employers hired more workers than expected in December while raising wages at a solid clip, casting some doubt on financial market expectations that the Federal Reserve would start cutting interest rates in March. Nonfarm payrolls increased by 216,000 jobs last month, the Labor Department’s Bureau of Labor Statistics said in its closely watched employment report on Friday. [...]
Moving markets: Five things shaping the FTSE 100 today January 5, 2024 Moving Markets Today: Asian Equities Mixed, Apple at Eight-Week Low, Oil Prices Rally, Gold Set for Weekly Drop, All Eyes on Eurozone CPI and U.S. NFP Figures Major U.S. indices, including the S&P and Nasdaq, face a three-week decline, while Dow gains traction from financials. Asian markets waver, possibly ending a nine-week global winning streak. [...]
Apple faces second downgrade, shares hit eight-week low January 5, 2024 Apple is grappling with a challenging start to the new year as concerns about iPhone sales lead to a second downgrade within just one week. Piper Sandler’s recent rating downgrade caused a substantial drop in Apple’s shares, hitting an eight-week low on Thursday. Harsh Kumar from Piper Sandler & Co. has downgraded his rating on [...]
Moving markets: What’s shaping the FTSE 100 today January 4, 2024 Moving Markets Today: Asia Tracks Wall Street Decline, Oil Prices Rise on Middle East Supply Concerns, China’s December Services Surge, Spotlight on UK Services PMI and U.S. Labor Market Data Global markets declined as U.S. stocks faced profit-taking after a strong 2023 finish. Asian markets followed suit on the heels of the Fed signalling a [...]
Wall Street drifts higher as a strong year for markets winds down December 28, 2023 Wall Street drifted to a slightly higher close as trading remained light during the holiday-shortened week. The subdued activity in the market with two trading days left in the year is capping off a broader rally to a strong finish. The S&P 500 is coming of its eight straight winning week and is hovering just [...]
Wall Street slams the brakes for a rare slowdown following record-setting rally December 21, 2023 Wall Street hit the brakes on its big rally on Wednesday after disappointing profit reports from companies and warnings that the market had simply gone too far, too fast. The S&P 500 slumped 1.5 per cent for its worst loss since beginning a monster-sized rally shortly before Halloween. The Dow Jones Industrial Average dropped 475 [...]
US inflation: Consumer prices unexpectedly rise in November as Fed likely to hold rates December 12, 2023 Core prices, excluding volatile items like food and energy costs, also came in line with economists' expectations, rising four on an annual basis.
City of London Corporation to open first US offices December 11, 2023 The City of London Corporation has today announced it is laying permanent foundations across the pond with the opening of its first offices in the US.