City A.M. TV: Daily Market Snapshot (video) February 24, 2021 Sector behaviour in the global markets is currently unusually divergent. Key cyclical sectors across the globe are making new highs: UK & US airline sectors, for example, have rallied sharply in recent trading sessions to new multi month highs; the UK’s FTSE basic materials sector is at new multi-year highs, while the global banks sector [...]
City A.M. TV: Daily Market Snapshot (video) February 23, 2021 Following false breakouts in markets last week, downside momentum continued to build yesterday.
US tech sell-off continues as markets tumble for a second day February 23, 2021 Markets in the United States tumbled today, as a tech stocks in the US were hammered by a sell-off. The Dow Jones Industrial Average fell 0.06 per cent at the open, the S&P 500 fell 0.5 per cent and the Nasdaq Composite took the biggest hit, dropping two per cent. Large companies like Apple, Amazon [...]
City A.M. TV: Daily Market Snapshot (video) February 22, 2021 After a false breakout to the upside in equity markets early last week, momentum has shifted sharply to the downside. With that, there has been further weakness in key equity index futures markets in Asian trading overnight. As a result, there are now two key factors that we are watching to judge when the downside has played out and, therefore, when to reinstate LONG positions. Those [...]
FTSE 100 tumbles as inflation concerns mount February 22, 2021 London’s FTSE 100 tumbled 0.68 per cent today by midday, as higher commodity prices sparked fears of a spike in inflation. The fall was led by declines in consumer staples and industrials stocks, as investors awaited Boris Johnson’s plan for a phased easing of business restrictions. The prime minister will plot a path out of [...]
Wall Street indexes follow FTSE 100 rise to end week on a high February 19, 2021 Wall Street follows FTSE 100 rise to end week on a high
Wall Street joins FTSE in the red following gloomy jobs data February 18, 2021 Wall Street faced a sea of red this morning as shares slid across the board after an unexpected rise in weekly jobless claims highlighted the fragile labour market recovery. A report from the US Labor Department showed initial claims for state unemployment benefits were 861,000 last week, compared with 848,000 in the prior week. The [...]
Remote working will come at a cost, FTSE and S&P 500 hiring execs warn February 18, 2021 Remote working will come at a cost, FTSE and S&P 500 hiring execs warn
London’s small-cap firms fall behind FTSE 100 on diversity targets February 17, 2021 The lack of diversity in boardrooms goes well beyond the FTSE 100 with new research showing just how little progress small-cap firms have made. A staggering 84 per cent of AIM and 78 per cent of Small Cap 100 companies have all white boards, over double the proportion seen in the FTSE 100. Some progress [...]
Markets gain momentum: Wall Street hits new highs February 16, 2021 Wall Street’s main markets hit new record highs. US markets hit all-time highs tonight, with investors piling into economically sensitive stocks on hopes of more fiscal aid to lift the world’s biggest economy from a coronavirus-driven slump. The S&P 500 was up 0.1 per cent and the Dow Jones gained 0.31 per cent. That took [...]