The FTSE 100 has today extended its robust start to the new year, fuelled by oil giant BP clinching gains on upbeat price forecasts.
Gym Group plc (GYM) Wood Group (John) Plc (WG.) Sainsbury (J) plc (SBRY) Vistry Group Plc (VTY) It closed last week at its highest level since the summer of 2019. RS Group plc (RS1)
UK's exporter-heavy FTSE 100 hit a more than three-year high on Monday, led by commodity-linked stocks, as China's reopening of its borders reinforced hopes ...
Devolver Digital [(DEVO.L)](https://www.reuters.com/companies/DEVO.L), another gaming stock, slumped 9.4% after the company reported weaker-than-forecast December sales volumes and a lower-than-expected performance for the second half of 2022 financial year. [(AZN.L)](https://www.reuters.com/companies/AZN.L) slipped 0.9% after the pharmaceutical company said it would [buy](/business/healthcare-pharmaceuticals/astrazeneca-buy-us-based-cincor-pharma-18-bln-deal-2023-01-09/) U.S.-based clinical-stage biopharmaceutical firm CinCor Pharma Inc [(CINC.O)](https://www.reuters.com/companies/CINC.O) in a deal valued at about $1.8 billion to strengthen its pipeline of heart and kidney drugs. [(FDEV.L)](https://www.reuters.com/companies/FDEV.L) crashed 39.4% after downgrading its 2023 guidance. [(KLR.L)](https://www.reuters.com/companies/KLR.L) fell 6.9% after the engineering contractor [warned](/world/uk/uks-keller-group-warns-profit-after-financial-reporting-fraud-unit-2023-01-09/) its annual operating profit would come in slightly below the bottom end of market expectations, hit by financial reporting fraud in its Australia-based unit Austral. [The Thomson Reuters Trust Principles.](https://www.thomsonreuters.com/en/about-us/trust-principles.html) [(.FTNMX551020)](https://www.reuters.com/quote/.FTNMX551020) gained 1.4%, while oil majors Shell [(SHEL.L)](https://www.reuters.com/companies/SHEL.L) and BP [(BP.L)](https://www.reuters.com/companies/BP.L) also advanced as oil prices climbed on China demand prospects after Beijing [opened on Sunday borders](/world/china/china-reopens-borders-final-farewell-zero-covid-2023-01-08/) that have been all but shut since the start of the COVID-19 pandemic. [(.FTSE)](https://www.reuters.com/quote/.FTSE) gained 0.2%, hitting its highest since July 30, 2019, while the more domestically focused FTSE 250 mid-cap index [(.FTMC)](https://www.reuters.com/quote/.FTMC) rose 0.4%. [less competitive](/world/uk/uk-becoming-less-attractive-investment-manufacturers-warn-2023-01-09/) and less attractive to foreign investors as a result of soaring energy costs and recent political turmoil. Register for free to Reuters and know the full story [expectations](/markets/us/us-job-growth-solid-december-unemployment-rate-falls-35-2023-01-06/) for tempered U.S. Despite surging inflation and risks of a global recession, the FTSE 100 outperformed major global markets last year due to high exposure to commodity prices. Jan 9 (Reuters) - UK's exporter-heavy FTSE 100 hit a more than three-year high on Monday, led by commodity-linked stocks, as China's reopening of its borders reinforced hopes for a rebound in the world's second-largest economy.
The FTSE 100 index finished at 7700 on Friday after figures from the US jobs market showed slowing wage growth, boosting hopes that inflation is under control.
The FTSE 100 reached its loftiest level in almost four-and-a-half years early Monday, as a combination of a further re-opening of the Chinese economy from ...
The video games publisher and developer expects revenue of £57 million for the six months to November 30, up 16% year-on-year from £49.1 million. As such, our colleagues in Daiwa America expect total consumer prices to have declined for the first time since May 2020,’ commented Daiwa Europe. A barrel of Brent fetched at $80.76, up from $79.64. The pound rose to $1.2147 early Monday, up markedly from $1.2051 at the London equities close on Friday. According to the CME FedWatch tool, which tracks interest rate probabilities, the market largely expects a hike of 25 basis points. The Cboe UK 100 was up 0.3% at 772.48, and the Cboe UK 250 was up 0.6% at 17,081.10. The fraud relates to Austral’s performance from 2019 onwards. For 2021, Keller posted statutory operating profit of £80.5 million, or £92.8 million on an underlying basis. Total non-farm payroll employment increased by 223,000 in December, the department said. The strong day in Asia on Monday followed a positive end to the week for stocks in New York on Friday. The Shanghai Composite index ended 0.6% higher, while the Hang Seng in Hong Kong was up 1.9% in late trade. The S&P/ASX 200 in Sydney closed up 0.6%.
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window). *. FTSE 100 up 0.2%, FTSE 250 adds 0.2%.
Devolver Digital, another gaming stock, slumped 9.4% after the company reported weaker-than-forecast sales volumes for December and a lower-than-expected performance for the second half of 2022 financial year. The blue-chip FTSE 100 gained 0.2% by 0822 GMT, hitting its highest since July 30, 2019, while the more domestically focused FTSE 250 mid-cap index rose 0.2%. Industrial metal miners gained 1.4%, while oil majors Shell and BP also advanced as oil prices climbed on China demand prospects.
Airtel Africa PLC said Monday that it has bought additional spectrum to support the growth of its 4G services and 5G roll-out in Nigeria for $316.7 million. ---.
--- and Corvinus Zrt for 1.7 billion euros ($1.81 billion), with the proceeds to be used for deleveraging. job report and the strong reaction to it, Monday's European open looks set to be a positive one, CMC Markets says. Markets in Australia, mainland China, Hong Kong and South Korea all trade in positive territory and the Dow closed Friday more than 2% ahead. "Asia markets also got a boost as China took further steps to reopen its economy," CMC analyst Michael Hewson writes. 0733 GMT - The FTSE 100 Index looks set to open 19 points higher at 7718, according to IG futures data, after upbeat trading in Asia.
The FTSE 100 has risen above the 7700 point mark in early trading - if its still there at the close it'll be the highest finish since June...
The £24bn multinational has now entered binding terms in relation for the sale, which was first announced in August 2022. Some UK manufacturers are claiming to fear job cuts and even black outs as a result. The punchy start to the week is being driven by miners Glencore, Antofagasta and Anglo-American.
Unemployment in the Eurozone held steady at 6.5% in November as labour markets continue to remain robust despite slowing economic growth.
The S&P/ASX 200 in Sydney closed up 0.6%. The Hang Seng in Hong Kong was up 1.8%. It said “Overall, the resilient labour market is a positive for Europeans who are already seeing incomes come under pressure due to high inflation. “This week also marks the start of the earnings season, with proceedings being opened by the likes of Bank of America, Citigroup and JP Morgan,” Hunter continued. Some will see cash drop to 60pc of current level. But will be sharp drop in support, and not tapered down. Will today set out new system for after April.— Natasha Clark (@NatashaC) [BP PLC (LSE:BP.)](https://www.proactiveinvestors.co.uk/LON:BP./BP-PLC/) and [Shell PLC (LSE:SHEL, NYSE:SHEL)](https://www.proactiveinvestors.co.uk/LON:SHEL/Shell-PLC/) while [Experian (LSE:EXPN)](https://www.proactiveinvestors.co.uk/LON:EXPN/Experian/) PLC rose 0.6% as JP Morgan reiterated an overweight rating viewing the company “as a core holding in our sector for investors with long-term horizons.” [Britishvolt](https://www.proactiveinvestors.co.uk/PRIVATE-UK:BVOLT/Britishvolt/) with the long-term sustainability and funding necessary to enable it to pursue its current plans to build a strong and viable battery cell R&D and manufacturing business in the UK” it said. In a statement this morning it said it is “in discussions with a consortium of investors concerning the potential majority sale of the company”. Stocks ended the week in the green, with the S&P 500 closing 2.8% higher at 3,895, the Nasdaq up 2.6% at 10.569 and the Dow rounding out the pack with a gain of 2.1% to close at 33,631 points. “The settlement removes a significant element of uncertainty and distraction for JDW and allows the company to focus on creating shareholder value through its core business activities as it continues its transformation” the company said in a statement.
(Alliance News) - London's FTSE 100 reached heights not seen since 2018 in early trade on Monday, ...
The video games publisher and developer expects revenue of GBP57 million for the six months to November 30, up 16% year-on-year from GBP49.1 million. A barrel of Brent fetched at USD80.76, up from USD79.64. The pound rose to USD1.2147 early Monday, up markedly from USD1.2051 at the London equities close on Friday. Accrording to the CME FedWatch tool, which tracks interest rate probabilities, the market largely expects a hike of 25 basis points. The Cboe UK 100 was up 0.3% at 772.48, and the Cboe UK 250 was up 0.6% at 17,081.10. The fraud relates to Austral's performance from 2019 onwards. For 2021, Keller posted statutory operating profit of GBP80.5 million, or GBP92.8 million on an underlying basis. Keller expects a hit of GBP6 million for the first half of 2022 and GBP8 million to GBP10 million relating to prior years. While the news is accompanied by further inevitable outbreaks of the Covid-19 virus, hopes remain that the economy will finally be able to stage a long-awaited recovery," interactive investor analyst Richard Hunter commented. Total non-farm payroll employment increased by 223,000 in December, the department said. The Shanghai Composite index ended 0.6% higher, while the Hang Seng in Hong Kong was up 1.9% in late trade. The S&P/ASX 200 in Sydney closed up 0.6%.
(Alliance News) - Some late-morning selling pressure followed the FTSE 100's foray to a near ...
Keywords provides services to the video game industry. The pound rose to USD1.2139 midday Monday, up markedly from USD1.2051 at the London equities close on Friday. Elsewhere in London, Nanoco tumbled 21%, amid the latest developments in its David versus Goliath legal battle with Samsung Electronics. Nanoco claimed Samsung infringed on its unique synthesis and resin capabilities for quantum dots. According to the CME FedWatch tool, which tracks interest rate probabilities, the market largely expects a hike of 25 basis points. The fraud relates to Austral's performance from 2019 onwards. Both parties had 30 days to agree on these terms. However, it will be important to keep an eye on any impactful geopolitical developments along with central banker speeches, as a major unexpected event may derail this performance and lead to a continuation of the pullback," XTB analyst Walid Koudmani commented. For 2021, Keller posted statutory operating profit of GBP80.5 million, or GBP92.8 million on an underlying basis. Keller expects a hit of GBP6 million for the first half of 2022 and GBP8 million to GBP10 million relating to prior years. The Cboe Small Companies was down 0.1% at 13,699.83. Keller said two individuals have been dismissed and an internal probe is underway.
Brent crude futures rose nearly 3% on Monday, rebounding further from a near one-month low of US$77.6/barrel touched last week, on hopes for a recovery in ...
The S&P/ASX 200 in Sydney closed up 0.6%. The Hang Seng in Hong Kong was up 1.8%. It said “Overall, the resilient labour market is a positive for Europeans who are already seeing incomes come under pressure due to high inflation. “This week also marks the start of the earnings season, with proceedings being opened by the likes of Bank of America, Citigroup and JP Morgan,” Hunter continued. Some will see cash drop to 60pc of current level. But will be sharp drop in support, and not tapered down. Masayoshi Son, the founder of SoftBank, Arm’s Japanese owner, joined via video, according to the report. Will today set out new system for after April.— Natasha Clark (@NatashaC) [BP PLC (LSE:BP.)](https://www.proactiveinvestors.co.uk/LON:BP./BP-PLC/) and [Shell PLC (LSE:SHEL, NYSE:SHEL)](https://www.proactiveinvestors.co.uk/LON:SHEL/Shell-PLC/) while [Experian (LSE:EXPN)](https://www.proactiveinvestors.co.uk/LON:EXPN/Experian/) PLC rose 0.6% as JP Morgan reiterated an overweight rating viewing the company “as a core holding in our sector for investors with long-term horizons.” Arm produces designs for the chips embedded within 95% of the world’s smartphones. The embattled retailer warned recently that it could go bankrupt. [Britishvolt](https://www.proactiveinvestors.co.uk/PRIVATE-UK:BVOLT/Britishvolt/) with the long-term sustainability and funding necessary to enable it to pursue its current plans to build a strong and viable battery cell R&D and manufacturing business in the UK” it said.
Meanwhile Rishi Sunak has reportedly restarted efforts to persuade the Japanese investor SoftBank to list the computer chip designer Arm in London. Sunak ...
The S&P/ASX 200 in Sydney closed up 0.6%. The Hang Seng in Hong Kong was up 1.8%. It said “Overall, the resilient labour market is a positive for Europeans who are already seeing incomes come under pressure due to high inflation. “This week also marks the start of the earnings season, with proceedings being opened by the likes of Bank of America, Citigroup and JP Morgan,” Hunter continued. Some will see cash drop to 60pc of current level. But will be sharp drop in support, and not tapered down. Masayoshi Son, the founder of SoftBank, Arm’s Japanese owner, joined via video, according to the report. Will today set out new system for after April.— Natasha Clark (@NatashaC) [BP PLC (LSE:BP.)](https://www.proactiveinvestors.co.uk/LON:BP./BP-PLC/) and [Shell PLC (LSE:SHEL, NYSE:SHEL)](https://www.proactiveinvestors.co.uk/LON:SHEL/Shell-PLC/) while [Experian (LSE:EXPN)](https://www.proactiveinvestors.co.uk/LON:EXPN/Experian/) PLC rose 0.6% as JP Morgan reiterated an overweight rating viewing the company “as a core holding in our sector for investors with long-term horizons.” Arm produces designs for the chips embedded within 95% of the world’s smartphones. The embattled retailer warned recently that it could go bankrupt. [Britishvolt](https://www.proactiveinvestors.co.uk/PRIVATE-UK:BVOLT/Britishvolt/) with the long-term sustainability and funding necessary to enable it to pursue its current plans to build a strong and viable battery cell R&D and manufacturing business in the UK” it said.
FTSE 100 closes 25 points higher Chancellor to unveil revised energy support package AstraZeneca to pay up to US$1.8bn for CinCor Pharma...
The S&P/ASX 200 in Sydney closed up 0.6%. The Hang Seng in Hong Kong was up 1.8%. It said “Overall, the resilient labour market is a positive for Europeans who are already seeing incomes come under pressure due to high inflation. “This week also marks the start of the earnings season, with proceedings being opened by the likes of Bank of America, Citigroup and JP Morgan,” Hunter continued. Some will see cash drop to 60pc of current level. But will be sharp drop in support, and not tapered down. Masayoshi Son, the founder of SoftBank, Arm’s Japanese owner, joined via video, according to the report. Will today set out new system for after April.— Natasha Clark (@NatashaC) [BP PLC (LSE:BP.)](https://www.proactiveinvestors.co.uk/LON:BP./BP-PLC/) and [Shell PLC (LSE:SHEL, NYSE:SHEL)](https://www.proactiveinvestors.co.uk/LON:SHEL/Shell-PLC/) while [Experian (LSE:EXPN)](https://www.proactiveinvestors.co.uk/LON:EXPN/Experian/) PLC rose 0.6% as JP Morgan reiterated an overweight rating viewing the company “as a core holding in our sector for investors with long-term horizons.” Arm produces designs for the chips embedded within 95% of the world’s smartphones. The embattled retailer warned recently that it could go bankrupt. [Britishvolt](https://www.proactiveinvestors.co.uk/PRIVATE-UK:BVOLT/Britishvolt/) with the long-term sustainability and funding necessary to enable it to pursue its current plans to build a strong and viable battery cell R&D and manufacturing business in the UK” it said.
The index ended the day at 7724.94, a rise of 24.45 points for the highest close that the index had registered since May 2018.
It has been a strong year for the FTSE 100 to date, as the index has benefited from its lack of technology companies. The biggest fallers on the FTSE 100 were Fresnillo, down 33.2p to 931.8p, Airtel Africa, down 3.8p to 114.5p, Beazley, down 19p to 667p, BAE Systems, down 22.6p to 835.2p, and Frasers Group, down 19p to 739p. The biggest risers on the FTSE 100 were Antofagasta, up 71.5p to 1,726.5p, Flutter Entertainment, up 470p to 12,465p, Scottish Mortgage Investment Trust, up 27.6p to 751.6p, Entain, up 51.5p to 1,466.5p, and IAG, up 4.98p to 145.5p. “The tech light nature of the FTSE 100 means it’s more immune to the uncertainty still hovering around the prospects for the tech sector while the weight of mining, energy and financial stocks in the index has helped add layers of resilience despite the volatility still swirling on US indices,” Ms Streeter said. Sterling gained 0.8% against the dollar and was trading at a little under 1.22 dollars to the pound. “However, it’s unlikely to be plain sailing ahead for the FTSE 100 as worries about the cost-of-living crisis are hanging around.” So far the FTSE has gained close to 200 points, adding more than 2% to its value. he FTSE 100 closed at a more than four-year high on Monday as it continued to build on a the strong winning streak since the beginning of the year. At the top of the index mining giants Antofagasta and Glencore were rubbing shoulders with IAG as well as gambling companies Flutter and Entain. “Expectations of higher demand for commodities in China have helped lift mining and energy stocks, and hopes are also rising that there may be a softer landing for the US economy from the ravages of interest rate rises.” The move saw the index end the day at 7,724.94, a rise of 24.45 points. “Fresh optimism has flowed into the index after the dismantling of Covid restrictions in
FIVE at FIVE: New era for UK space; BT upgraded; FTSE100, AstraZeneca to buy CinCor; Lloyds top for value seekers · 1. Virgin's Cornwall rocket launch 'the start ...
At the close, the FTSE 100 had hit a nearly four-year high of 7,725 points for a gain of 0.3% on the day. BT Group was hitting the right numbers today as the FTSE 100 listed telco was upgraded by Citi. The launch will be a symbol of progress for the country’s fast-growing space industry.
The FTSE 100's new year rally lost some steam during opening exchanges today driven by investors fretting over more rate rises.
He will be joined by Bank governor Andrew Bailey. [Ocado](https://www.cityam.com/ocado-shares-soar-after-partnership-with-south-koreas-lotte-shopping/) dragged the FTSE 100 lower, losing 2.4 per cent and sinking to the bottom of the index. [Recent data has indicated inflation in the UK and US has passed its peak and will gradually fall 2023, raising the likelihood of the Fed and BoE taking their feet off the accelerator](https://www.cityam.com/breaking-inflation-easing-slightly-as-uk-price-index-drops-to-10-7-per-cent/). Fed chair Jerome Powell is scheduled to speak on a panel hosted by the Swedish central bank – the first in the world – later today. [who admitted it underestimated the surge in inflation](https://www.cityam.com/bank-of-england-chief-economist-pill-admits-we-underestimated-inflation-surge/) also signalled he will back another 50 basis point rise at the next MPC meeting on 2 February, sending borrowing costs to four per cent. The flagship index shed 0.3 per cent to trade at 7,701.91 points, while the domestically focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, lost 0.35 per cent to fall to 19,411.19 points.
As fears of an economic downturn loom large, investors are looking for clues on future rate hikes from Fed Chair Jerome Powell's speech at a panel discussion in ...
Car makers such as [Bentley](/business/autos-transportation/bentley-cruises-record-sales-2022-despite-china-drop-2023-01-10/) [(BEL.AX)](https://www.reuters.com/companies/BEL.AX) and [Rolls-Royce](/business/autos-transportation/rolls-royce-rides-ongoing-luxury-demand-sales-record-2022-2023-01-09/) reported record sales for last year. [(TSCO.L)](https://www.reuters.com/companies/TSCO.L) and Marks and Spencer [(MKS.L)](https://www.reuters.com/companies/MKS.L) will be in focus ahead of their earnings reports this week. [(RWA.L)](https://www.reuters.com/companies/RWA.L) slumped 8.1% after the company warned that its full-year profit was expected to be slightly below market expectations. [The Thomson Reuters Trust Principles.](https://www.thomsonreuters.com/en/about-us/trust-principles.html) [(.FTSE)](https://www.reuters.com/quote/.FTSE) declined 0.3%, while the domestically focussed FTSE 250 mid-cap index [(.FTMC)](https://www.reuters.com/quote/.FTMC) fell 0.4%. [a sizeable fall](/world/uk/uk-consumer-spending-fails-match-inflation-december-surveys-2023-01-10/) in real-term expenditure. [(DGE.L)](https://www.reuters.com/companies/DGE.L), Ocado [(OCDO.L)](https://www.reuters.com/companies/OCDO.L) and Unilever [(ULVR.L)](https://www.reuters.com/companies/ULVR.L) were among the biggest drags on the blue-chip index, after [NielsenIQ](/world/uk/uk-recession-limit-2023-growth-food-retail-sales-5-nielseniq-2023-01-10/) warned that weak confidence around personal finances and a squeeze on disposable income would hold back growth in food retail sales. [persistent inflationary pressure](/world/uk/boes-pill-sees-risk-persistent-inflation-even-if-gas-price-fall-2023-01-09/). [cooled further](/world/uk/uk-jobs-market-softens-again-december-rec-2023-01-10/) in December, a survey showed, hinting that the Bank of England's (BoE) concerns about the risk of longer-term inflation may ease. [Fed officials](/markets/us/fed-could-hike-rates-by-25-or-50-basis-points-feb-1-daly-tells-wsj-2023-01-09/) said inflation data due later this week would sway the central bank's decision about rate hikes. "They (Fed) will just stick to that sort of rhetoric, so they can bring that in with minimum market reaction," said Michael Baker, head of online services at Oval Money. Register for free to Reuters and know the full story
The FTSE 100 has fallen back from yesterday's four and a half year highs, but remains above the 7700 point mark. Bank of England chief, Huw...
Investor eyes are now turning to the US where US Federal Reserve chair Jerome Powell will be speaking later today, and there’ll also be an update from the World Bank later today as well. This morning’s report was written by Josh Lamb and presented by me Thomas Warner, have a great day and don’t forget your umbrella. [Bank of England](https://www.proactiveinvestors.co.uk/PRIVATE-UK:BOE/Bank-of-England/) chief, Huw Pill said yesterday that the UK is in a “distinct” position as it faces multiple challenges that are driving up inflation and warned higher prices could be persistent.
(RTTNews) - U.K. stocks declined on Tuesday as commodities shed recent gains from China's reopening,
The benchmark FTSE 100 was down 20 points, or 0.3 percent, at 7,702 after closing 0.3 percent higher on Monday. In economic releases, retail sales in Britain grew nearly 7 percent year-on-year in December, but this was largely due to goods costing more, the latest figures from the British Retail Consortium showed. Inflation worries also returned to the fore after Bank of England Chief Economist Huw Pill said that Britain is at risk of persistent inflationary pressures than other advanced countries.
By Shashwat Chauhan and Johann M Cherian. (Reuters) -Britain's exporter-heavy FTSE 100 closed at a more than three-year high on Monday, ...
FTSE 100 down 32 points Next lower after downgrade World Bank cuts growth forecasts 3.55pm: Footsie continues to slip Leading shares remain...
It’s uncertain whether the topic in question will lead to an in-depth policy discussion, but if we do get any, a key question will be whether he entertains the prospect of a further downshift in the pace of rate hikes to 25bps. "There's a lot to consider in oil markets at the moment and the near-term risks probably are more tilted to the downside. Declines were largely driven by weakness in the mining sector, alongside downgrades to the likes of Entain and Next which dampened sentiment." "The big question is how long the current anti-growth coalition in the market will last, and act as a headwind to the performance of Fundsmith and peers. On the other hand, the recruitment firm which in part specialises in technology has suffered amid the slew of job cuts in the sector. Victoria Scholar, head of investment at interactive investor said: "Double-digit UK inflation is still sharply outpacing the level of retail spending, highlighting the rising cost burden businesses are having to, at least in part, pass on to consumers. A lot of if's and but's, of course, but that is the uncertain world we now live in." “With the banks kicking off the season in earnest, there will inevitably be focus on any worsening of demand, particularly in the housing sector, alongside any increase in bad debts as the consumer comes under additional economic pressure.” “2022 was by far the worst calendar year of performance the Fundsmith Equity fund has endured since launch in 2010, both in absolute terms and relative to the global stock market. “Smith also rails against the flaccid response he has received to attempts to engage with companies as a large and long term investor, especially when compared to the elevated status often quickly conferred on activist investors. “But restoring price stability when inflation is high can require measures that are not popular in the short term as we raise interest rates to slow the economy.” Decisions about policies to directly address climate change should be made by the elected branches of government and thus reflect the public's will as expressed through elections."
(Alliance News) - Stock prices in London fell short of producing a mid-morning turnaround but did ...
Organisers of the Start Me Up mission said the rocket – with a variety of civil and defence applications – failed to orbit. Plunging in the New York pre-market was Virgin Orbit, down 23%. The pound was quoted at USD1.2162 midday Tuesday in London, down from USD1.2203 late Monday. Shares in the sector have been largely on the up this year, due to optimism about revived demand from China. The euro stood at USD1.0737, down from USD1.0749. The company said Robert Cook has stepped down as chief executive with immediate effect. The Cboe Small Companies was down 0.2% at 13,726.84. We are evaluating the information." She is currently chief operating officer of Fridays. With that in mind, all eyes will be on Fed Chair Jerome Powell when he addresses a conference on central bank independence in Stockholm later," AJ Bell analyst Russ Mould commented. Two Federal Reserve board members - Mary Daly and Raphael Bostic - on Monday said there is some way to go before the US central bank begins lowering rates. Daly said rates would likely go above 5% before the policy board decides to stop lifting.
Attention shifted to the macro environment on Tuesday as markets began to prepare for key inflation data from the United States and China, ...
A further drop in inflation will be a major positive for risk assets and a precursor for a slow down in rate hikes. A strong European session on Monday was met by concerns about interest rates in the US session overnight and sparked a wave of caution early on Tuesday. US inflation is expected to fall to 6.5% after dipping to 7.1% last month.
The FTSE 100 and European stocks finshed lower this Tuesday as the global rally ran out of steam for the first time in 2023, with investors digesting weak ...
The Financial Times Stock Exchange 100, or FTSE 100, is a financial index composed of the 100 most highly capitalized companies listed on the London Stock ...
As the UK economy continues to recover from the effects of COVID-19, it is likely that this index will remain an important benchmark for investors looking to gain exposure to British markets. The index is composed of the most highly capitalized businesses listed on the London Stock Exchange and as such, it rewards those firms with larger market values over smaller ones. Firstly, it grants them a higher level of visibility and recognition within financial circles as investors tend to pay close attention to the movements of this index. In this blog, we will be examining how market capitalization has contributed to which companies are currently included in the FTSE 100 and explore both its benefits and drawbacks. As such, larger firms with higher values will be more likely to make it onto the list than smaller businesses due to their greater impact on overall market movements. This index serves to provide an accurate measure of both British and international markets by tracking their performance through changes in share price.
FTSE 100 closed in the red on Tuesday as traders are still jumpy on the overall economic outlook, while US stocks went higher.
It’s uncertain whether the topic in question will lead to an in-depth policy discussion, but if we do get any, a key question will be whether he entertains the prospect of a further downshift in the pace of rate hikes to 25bps. "There's a lot to consider in oil markets at the moment and the near-term risks probably are more tilted to the downside. Declines were largely driven by weakness in the mining sector, alongside downgrades to the likes of Entain and Next which dampened sentiment." "The big question is how long the current anti-growth coalition in the market will last, and act as a headwind to the performance of Fundsmith and peers. On the other hand, the recruitment firm which in part specialises in technology has suffered amid the slew of job cuts in the sector. Victoria Scholar, head of investment at interactive investor said: "Double-digit UK inflation is still sharply outpacing the level of retail spending, highlighting the rising cost burden businesses are having to, at least in part, pass on to consumers. A lot of if's and but's, of course, but that is the uncertain world we now live in." “With the banks kicking off the season in earnest, there will inevitably be focus on any worsening of demand, particularly in the housing sector, alongside any increase in bad debts as the consumer comes under additional economic pressure.” “2022 was by far the worst calendar year of performance the Fundsmith Equity fund has endured since launch in 2010, both in absolute terms and relative to the global stock market. “Smith also rails against the flaccid response he has received to attempts to engage with companies as a large and long term investor, especially when compared to the elevated status often quickly conferred on activist investors. “But restoring price stability when inflation is high can require measures that are not popular in the short term as we raise interest rates to slow the economy.” Decisions about policies to directly address climate change should be made by the elected branches of government and thus reflect the public's will as expressed through elections."
Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top ...
[(TSCO.L)](https://www.reuters.com/companies/TSCO.L) and Marks and Spencer [(MKS.L)](https://www.reuters.com/companies/MKS.L) will be in focus ahead of their earnings reports this week. Car makers such as [Bentley](https://www.reuters.com/business/autos-transportation/bentley-cruises-record-sales-2022-despite-china-drop-2023-01-10/) [(BEL.AX)](https://www.reuters.com/companies/BEL.AX) and [Rolls-Royce](https://www.reuters.com/business/autos-transportation/rolls-royce-rides-ongoing-luxury-demand-sales-record-2022-2023-01-09/) reported record sales for last year. [(RWA.L)](https://www.reuters.com/companies/RWA.L) slumped 8.1% after the company warned that its full-year profit was expected to be slightly below market expectations. [a sizeable fall](https://www.reuters.com/world/uk/uk-consumer-spending-fails-match-inflation-december-surveys-2023-01-10/) in real-term expenditure. [persistent inflationary pressure](https://www.reuters.com/world/uk/boes-pill-sees-risk-persistent-inflation-even-if-gas-price-fall-2023-01-09/). [(.FTSE)](https://www.reuters.com/quote/.FTSE) declined 0.3%, while the domestically focussed FTSE 250 mid-cap index [(.FTMC)](https://www.reuters.com/quote/.FTMC) fell 0.4%. [(DGE.L)](https://www.reuters.com/companies/DGE.L), Ocado [(OCDO.L)](https://www.reuters.com/companies/OCDO.L) and Unilever [(ULVR.L)](https://www.reuters.com/companies/ULVR.L) were among the biggest drags on the blue-chip index, after [NielsenIQ](https://www.reuters.com/world/uk/uk-recession-limit-2023-growth-food-retail-sales-5-nielseniq-2023-01-10/) warned that weak confidence around personal finances and a squeeze on disposable income would hold back growth in food retail sales. [cooled further](https://www.reuters.com/world/uk/uk-jobs-market-softens-again-december-rec-2023-01-10/) in December, a survey showed, hinting that the Bank of England's (BoE) concerns about the risk of longer-term inflation may ease. [Fed officials](https://www.reuters.com/markets/us/fed-could-hike-rates-by-25-or-50-basis-points-feb-1-daly-tells-wsj-2023-01-09/) said inflation data due later this week would sway the central bank's decision about rate hikes.