March is over: UK led vaccine battle this quarter but European markets outperformed March 31, 2021 As it is the end of the month, as well as the quarter, it is perhaps worth reflecting on the fact that it’s been a fairly decent period for equity markets, despite the lockdowns across Europe and in the UK. Having said that, there has been mixed progress on the vaccine rollout, with the UK [...]
Exclusive: FTSE 100 dividend yields forecast to jump by 24 per cent this year March 31, 2021 Dividend yields on FTSE 100 shares may rise by 24 per cent this year as the economy begins its recovery from the coronavirus recession, according to new research shared with City A.M. this morning. Based on a consensus of analysts’ views on how dividends will increase over the next year, UK equity analysts at Bowmore [...]
Before the Bell: DAX set for a record open as margin call concerns subside March 30, 2021 If markets were worried about the spill over effects from Friday’s $20bn block trade margin call, and the potential spill overs from the Ever Given container ship getting stuck in the Suez Canal, then yesterday’s price action suggested the fallout was fairly contained. European markets finished yesterday’s session broadly higher, while US markets finished the [...]
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 [...]
FTSE 10 and Wall Street slip despite encouraging economic data March 25, 2021 Mining stocks continued to drag down the FTSE 100 this afternoon while Wall Street opened lower despite an encouraging set of unemployment figures. London’s blue-chip index is down more than one per cent this afternoon with Antofogosta and Glencore all shedding more than four per cent. Bank of England Chief Economist Andy Haldane said he [...]
Majority of at-risk listed firms claimed government Covid support even as some neared collapse March 25, 2021 More than half of listed firms most at-risk of going bust claimed Covid support from government
FTSE 100 slips as fears of third Covid wave spark recovery concerns March 24, 2021 London’s FTSE 100 dipped by 0.2 per cent on Wednesday as a jump in Covid cases across Europe sparked concerns about its near-term economic impact. The blue-chip index was edged down by bank stocks including HSBC, Barclays and Lloyds falling between one per cent and 1.5 per cent. British consumer price inflation fell to 0.4 [...]
Wall Street rallies on tech rebound as FTSE closes in the green March 22, 2021 Wall Street closed in the green on Monday as technology stocks rebounded from a recent selloff sparked by surging bond yields. The tech-heavy Nasdaq index closed up 1.2 per cent, while the S&P 500 and Dow Jones inched up 0.7 per cent and 0.2 per cent respectively. A sharp run-up in Treasury yields since mid-February [...]
City A.M. TV: Daily Market Snapshot (video) March 22, 2021 City A.M. TV: Daily Market Snapshot (video)
FTSE 100 falls as fresh lockdowns across Europe dampen economic outlook March 19, 2021 The FTSE 100 fell this morning as fresh Covid-19 lockdowns across Europe dampened hopes of a swift recovery in demand for industrial stocks including energy. London’s blue-chip index sank 1.2 per cent, before recovering slightly to sit 0.6 per cent down at 8.30am. Oil heavyweights BP and Royal Dutch Shell fell 3.2 per cent and [...]