|Day's Range||7,765.32 - 7,877.45|
|52 Week Range||6,866.90 - 7,903.50|
The S&P 500 was down nine points or 0.35% to 2,714.88 as of 9:44 AM ET (13:44 GMT) while the Dow composite decreased over 74 points or 0.30% to 24,759.55 and tech heavy NASDAQ Composite fell 23 points or 0.32% to 7,354.64.
U.K. stocks fell from an all-time high on Wednesday, as geopolitical risks returned to the fore after U.S. President Donald Trump expressed doubts his high-level meeting with North Korea will happen. The pound slumped to a 2018 low after data showed U.K. inflation unexpectedly fell in April. The pound (GBPUSD) dropped to an intraday low of $1.3305, from $1.3432 late Tuesday in New York, after inflation data missed forecasts.
The UK's top share index was knocked down of its highs on Wednesday and sustained its biggest loss in two months as oil majors and commodity-related stocks fell but well-received results made Marks & Spencer a bright spot. The blue chip FTSE 100 index closed down 1.17 percent at 7,785.08 points. Energy stocks took around 37 points off the index as shares in Royal Dutch Shell fell 3.3 percent and BP declined 1.9 percent.
Today I am looking at three FTSE 100 bargains you should think about buying today. The car insurance market may be becoming more and more competitive, but I believe the immense brand power of Direct Line should be enough to keep profits, and thus dividends, moving skywards. The insurer grew the number of customers for its own-brand policies by 5% during the January-March quarter, and this -- helped by a backdrop of improving premiums across the motor insurance segment -- pushed premiums from its automotive arm 5.9% higher year-on-year.
Investing.com – U.S. futures pointed to a lower opening bell on Wednesday amid fresh trade war concerns.The S&P 500 futures was down 17 points or 0.64% to 2,736.50 as of 6:45 AM ET (10:45 GMT) while Dow futures decreased 188 points or 0.76% to 24,657.0. Meanwhile tech heavy Nasdaq 100 futures fell 67 points or 0.98% to 6,841.50.Sentiment on Wall Street was dampened on Tuesday after U.S. President Donald Trump said he was not pleased with how the U.S.-China trade talks were going. He also said there were doubts about whether or not a U.S.-North Korea summit would take place on June ...
US stock-index futures came under pressure on Wednesday, extending selling on European bourses amid a broad shift away from risky assets on the back of troubles in emerging markets and Italian political ...
European stocks moved sharply lower on Wednesday, weighed by the return of geopolitical concerns after the latest comments from U.S. President Donald Trump and a round of disappointing eurozone data. The U.K.’s FTSE 100 index (^FTSE) fell 0.6% to 7,828.37. Stocks in Europe declined as part of a global selloff spurred by worries about Trump’s latest comments on North Korea and the China trade talks.
The extra costs dragged pre-tax profits down 62 per cent to less than £67m. Before exceptionals, pre-tax profit was £581m, slightly ahead of analysts’ consensus forecasts but behind last year’s £614m. shares rose almost 6 per cent after the news, which analysts said was partly because the company’s guidance on margin attrition — it expected gross margin declines of up to 0.5 percentage points in food, and a small increase at general merchandise this year — was less bleak than feared.
Industrial stocks—which powered Monday’s rally on news the U.S. would suspend its efforts to apply tariffs to $150 billion in Chinese imports—were among the biggest losers. President Trump said Tuesday he isn’t satisfied with the China trade talks and also separately said his planned June 12 summit in Singapore with Mr. Kim may not happen, adding to the uncertainty in the market. The S&P 500 fell 8.57 points, or 0.3%, to 2724.44, and the Nasdaq Composite dropped 15.58 points, or 0.2%, to 7378.46.
Miners and oil companies led the fallers as the FTSE 100 pulled back from a record high with its biggest daily fall in two months. HSBC said the mooted price would be disappointing and cut Rio off its “buy” list, citing growing geopolitical risks across the sector. sunk following reports that it had failed to retain HSBC’s media buying account, and after Accenture officially moved on to the advertising agencies’ turf by launching a media services division.
The FTSE 100 rallied again during the day on Tuesday, as it continues to find buyers. The market has certainly seen a lot of bullish pressure over the last several days, at this point it looks as if the momentum is most certainly sustainable as it is not ahead of itself.
China said Tuesday it would cut import tariffs for automobiles and some car parts starting on July 1. Tariffs would be lowered to 15% from the current 20% to 25%, while tariffs on auto parts would be cut to 6%.
The UK's top share index ventured further into new unchartered highs on Tuesday as shares in financials and miners rose further, triggering anticipations it could soon reach the 8,000 points benchmark. The blue chip FTSE 100 index closed up 0.2 percent and hit a fresh record of 7,903.50 points during the session before reducing its gains to 7877.45 points. "At the rate it's going, we should hit this round number (8,000 points) by Thursday, if not earlier," said IG's market analyst Chris Beauchamp during morning trading.
Stocks jumped at Tuesday's starting bell as automakers and chipmakers notched early gains, and retail names posted mixed moves on earnings news.
Investing.com – Wall Street looked set to continue its rally on Tuesday, as trade war worries between the U.S. and China eased.The S&P 500 futures was up three points or 0.13% to 2,736.50 as of 6:44 AM ET (10:44 GMT) while Dow futures increased 41 points or 0.16% to 25,043.0. Meanwhile tech heavy Nasdaq 100 futures rose 22 points or 0.32% to 6,938.00.China said Tuesday it would cut import tariffs for automobiles and some car parts starting on July 1. Tariffs would be lowered to 15% from the current 20% to 25%, while tariffs on auto parts would be cut to 6%. ...
European stocks were slightly higher Tuesday afternoon, amid an easing of pressure in Italian markets.
London’s FTSE 100 marched further toward the 8,000 mark on Tuesday, a level it could cross for the first time this week. Strong demand for UK blue-chip stocks has been driven by the relatively weak pound, which makes sterling-denominated exports cheaper, and flatters revenue earned in foreign currency — especially in dollars. The FTSE 100 closed up 0.3 per cent at 7,877.45.
European stocks moved cautiously higher on Tuesday, with Italy leading the advancers as the country’s president considered the candidate put forward by an euroskeptic alliance to lead their coalition government. Italy’s FTSE MIB index (MTAA:FTSEMIB.MI) moved 0.5% higher to 23,206.73, rebounding after falling 1.5% over Monday’s and Friday’s sessions. The volatile trade in Italy came as the country’s two biggest anti-establishment parties continued their push to form a governing coalition, which some fear could plunge Italy into a sovereign debt crisis.
“Markets will probably remain wary of a Five Star-League government on concerns it may undermine fiscal discipline,” said Matteo Ramenghi, chief investment officer for Italy at UBS Global Wealth Management. “Given the two parties have very different backgrounds, the government’s lifespan would be in question.
U.K. stocks struggled for direction early on Tuesday, a day after scoring an all-time closing high, as traders waited for fresh catalysts to give the market a kick. One of those catalysts may come this morning, when several Bank of England members — including Governor Mark Carney — are due to speak before lawmakers on inflation and monetary policy. The U.K.’s FTSE 100 index (^FTSE) was marginally higher at 7,862.77, but was swinging between small gains and losses.
Halfords, the bikes and car parts retailer, sponsors the weather forecast on Channel 4. Not because Halfords has also put in a performance worthy of relegation, but because - like the club - it knows exactly what it’s like to lose its best players to bigger teams. In recent months, Halfords has had its chief executive Jill McDonald signed up by Marks and Spencer, and chief financial officer Jonny Mason lured away by Dixons Carphone.
Sports betting now might become similarly widespread in the U.S. The great American expectations for the pastime—blasted by critics as addictive and impoverishing, and praised by fans as fun and lucrative—follow the past week’s Supreme Court decision nixing federal prohibitions on states’ allowing it. Gambling companies William Hill (WMH.L) , GVC Holdings (GVC.L)and 888 Holdings (888.L)are among the names that bulls view as due for gains. William Hill already runs 108 of the 192 sports books in Nevada, and it’s the risk manager for sports betting within the Delaware lottery.
Pension schemes backed by the UK’s top 100 listed businesses have swung into the black for the first time since the financial crash of 2007, according to new analysis. FTSE 100 pension plans had an overall ...
The FTSE 100 edged to another record high thanks to a weaker pound and stronger commodity prices. But Inmarsat underperformed after the satellite operator lost its decades-old monopoly to provide distress ...
European stocks edged lower Wednesday morning amid souring market sentiment over ongoing trade talks between the world's two biggest economies.