Wall Street creeps higher as investors bide time until key economic reports June 2, 2021 Wall Street’s main indexes edged higher today as cautious investors awaited key economic data later in the week. The Dow Jones Industrial Average rose 0.2 per cent at the open, while the Nasdaq Composite gained 0.1 per cent. The S&P 500 also added 0.1 per cent as it continued to recover its losses following a [...]
Weekly outlook, 9-13 November: Investors shift their focus back to the UK economy November 9, 2020 Investors were kept busy with the drama across the Atlantic last week, but they’ll soon want to focus back on the UK in what will be a busy week of results and economic updates. After a nail-biting election, markets will likely be considering the implication of a Biden presidency. But with GDP and unemployment figures [...]
Burberry shares fall as transformation plan takes toll on growth May 16, 2019 Shares in Burberry fell 4.5 per cent this morning after the firm posted broadly flat revenue and profit in the first year of its major transformation plan. Read more: Burberry keeps momentum from China despite trade war fears The figures Revenue remained broadly flat at £2.72bn for the year to the end of March. Pre-tax profit [...]
US stocks resist following FTSE lower as markets digest Fed minutes and oil rout August 19, 2021 Wall Street resisted the European market rout that sent the FTSE falling today and opened broadly flat today as investors digested news that the US Federal Reserve may tighten monetary policy this year. The S&P 500 edged down to 4,399.90 points, while the Dow Jones slipped to 34,944.70 points. Concerns about a possible earlier than [...]
Surging tech megacaps power Nasdaq to another peak September 1, 2021 A surge among tech megacaps powered the Nasdaq to another record high during early trading on Wall Street today. The US’s tech-heavy benchmark has since fallen back from its fresh peak, but is still up 0.65 per cent to 15.358.32 points during mid-morning exchanges. The blue-chip S&P 500 jumped 0.18 per cent to 4,531.01 points [...]
FTSE 100 and US stocks tumble as Covid-19 vaccine rally runs out of steam November 12, 2020 Global markets largely slipped lower today as the three-day equity rally sparked by news of a breakthrough in the hunt for a Covid-19 vaccine began to lose momentum, with the FTSE 100 and US stocks both falling. London’s blue-chip index ended an eight-day winning streak, falling 1.19 per cent to 6,305.85 by 2.45pm. The midcap [...]
FTSE 100 and Wall Street rise on recovery optimism March 26, 2021 FTSE 100 climbed further this afternoon as Wall Street opened higher on renewed economic recovery optimism. London’s blue-chip index is trading 0.9 per cent higher this afternoon as higher retail sales triggered a new wave of confidence in the economic recovery. Mining stocks including Rio Tinto, Anglo American and BHP pushed higher after a slow [...]
From Noël Coward to Hugh Grant, Americans love British style June 17, 2021 This week saw the opening of a dazzling exhibition at the Guildhall Art Gallery dedicated to the art and style of Noël Coward. It celebrates the centenary of the Master’s West End debut as a 19-year-old playwright, with I’ll Leave It To You. Many of the exhibits come from the Noël Coward Archive Trust, 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 [...]
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 [...]