Daily market update

Stocks, currencies and bitcoin fired up as Trump declares victory, Marks & Spencer’s turnaround gathers pace, Wetherspoons toasts strong sales, Persimmon warns of cost pressures

“US and European markets raced ahead on projections for Donald Trump to win the US Presidential election,” says Russ Mould, investment director at AJ Bell.

“The...

Wed, 06/11/2024 - 10:14

European markets up on US election day, end to Boeing strikes, breakthrough for Vodafone merger, Primark owner shakes off wet weather, ASOS losses continue and Schroders hit by outflows

“European indices including the FTSE 100 pressed ahead on US election day,” says Russ Mould, Investment Director at AJ Bell.

“The fact both defensive sectors...

Tue, 05/11/2024 - 10:31

Oil prices lifted by OPEC comment, Anglo American sells assets, Ryanair hit by lower fares, Sainsbury’s goes head-to-head with Aldi in convenience stores and Berkshire Hathaway plays waiting game

“After a difficult few days, the FTSE 100 got off to a steady start on Monday as resources and China-linked stocks made progress,” says AJ...

Mon, 04/11/2024 - 10:55

Markets calmer after a testing week, Reckitt rallies on favourable baby formula ruling, Amazon’s cloud credentials reinforced and new boss at Boohoo

“There was a sense of calm to the UK stock market after a testing week for investors,” says Russ Mould, Investment Director at AJ Bell....

Fri, 01/11/2024 - 10:14

Budget rally goes into reverse, Microsoft hit by AI spending concerns, Shell beats forecasts and unveils buyback, quartet of Halloween profit warnings includes Smith & Nephew

“Yesterday’s relief rally after the Budget didn’t last long,” says Russ Mould, Investment Director at AJ Bell.

“Gilt yields jumped after the market cottoned...

Thu, 31/10/2024 - 11:46

Markets respond to Budget as gambling stocks surge and AIM lives to fight another day

“There was a considerable amount of relief on the markets after Rachel Reeves’ Budget wasn’t as punishing as expected,” says Dan Coatsworth, Investment Analyst at...

Wed, 30/10/2024 - 17:44

Markets await ‘burden on business’ Budget, BHP ‘moves on’ from Anglo American, GSK gets the shivers, Next beats expectations, Alphabet gets cloud boost and Volkswagen sales plunge

“Get ready for a Budget that’s a burden on business,” says Russ Mould, Investment Director at AJ Bell.

“The prospect of a higher rate...

Wed, 30/10/2024 - 10:19

Alphabet to kick off bumper week for tech updates, McDonald’s sales down in wake of E.coli outbreak and Royal Caribbean’s positive update lifts peers

“Investors will feel like they’ve been waiting and waiting for the next bus to arrive and suddenly several will come at once and they’re likely...

Tue, 29/10/2024 - 17:38

FTSE 100 ticks higher ahead of UK Budget and Magnificent Seven results, BP falls despite beat and buyback as debt creeps up and HSBC shines after announcing big restructuring plan

“The FTSE 100 ticked higher on Tuesday, helped by some positive corporate results as investors await earnings updates from the US tech sector and tomorrow’s...

Tue, 29/10/2024 - 11:54

FTSE 100 higher despite weaker oil prices, markets await Magnificent Seven earnings, Lloyds responds to adverse motor finance ruling and Trainline lifts guidance

“The FTSE 100 ticked up on Monday morning ahead of a busy week which includes the Budget and results from some of the big US...

Mon, 28/10/2024 - 10:15

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