Wall Street edges higher as inflation fears fade while FTSE jumps June 11, 2021 Wall Street’s main indexes opened higher today after inflation data calmed concerns over a long-term spike in consumer prices. The Dow Jones Industrial Average was up 0.2 per cent, while the S&P 500 advanced 0.15 per cent at the open. Meanwhile, the tech-heavy Nasdaq edged up 0.1 per cent after a week in which tech [...]
Wall Street inches higher on tech stocks boost while FTSE 100 flies June 8, 2021 Wall Street’s main indexes rose tepidly this afternoon as investors held their breath ahead of key US inflation data this week. The Dow Jones Industrial Average was flat, while the S&P 500 per cent gained 0.2 per cent at the open. Meanwhile, the tech-heavy Nasdaq rose 0.4 per cent as Tesla’s shares rose 2.9 per [...]
Sun shines on FTSE 100 amid reshuffle as ITV aims for prime-time slot June 1, 2021 The sun is shining on the FTSE 100 with the index receiving an early summer boost pushing it firmly above the psychologically important 7,000 mark. As the global growth recovery story unfolds, miners in particular are on the front foot today, as high demand for metals in particular push prices higher. Anglo American and Rio [...]
FTSE 100 edges higher as mining stocks lift index May 27, 2021 London’s FTSE 100 rose this morning as mining stocks buoyed the index on higher metal prices. The blue-chip index advanced 0.1 per cent in early trading, but gains were limited by oil majors BP and Royal Dutch Shell both slipping on lower crude prices. Meanwhile, the mid-cap FTSE 250 added 0.1 per cent, as Equiniti [...]
London markets dip as stronger pound limits gains and Amigo sinks May 25, 2021 The FTSE 100 slipped today as a stronger pound weighed on large dollar-earning consumer staples companies. Wall Street followed suit, sliding after the open despite a strong rebound in tech stocks yesterday. London’s blue-chip index dipped 0.2 per cent over the day, with delivery firm Just Eat Takeaway leading the way with a 4.4 per [...]
Wild Wednesday: Crypto in full blown meltdown as inflation concerns roil global markets May 19, 2021 Crypto currencies have gone into full blown meltdown with Ethereum falling 40 per cent at one point today, while Bitcoin prices have slumped below $40k as the sell-off gains further traction, after Chinese regulators took steps to discourage the use of crypto. The Peoples Bank of China said earlier today that cryptocurrencies should not be used or accepted [...]
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 [...]
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 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 [...]
Hedge fund ExodusPoint takes short position in Deliveroo after disappointing IPO May 11, 2021 Hedge fund ExodusPoint Capital Management has reportedly taken a short position in Deliveroo after the delivery firm’s disastrous market debut. The New York hedge fund’s bet makes up approximately 0.56 per cent of Deliveroo’s shares, Financial News reported. The short position, which could be worth as much as £26m based on its closing price, marks [...]